CTERA expands executive team to capitalize on hybrid file cloud market after record year

New York, NY – March 29, 2023 – THERE WAS, a leader in edge-to-cloud file services, today announced the promotion of Oded Nagel to chief executive officer (CEO), Michael Amselem to Chief Revenue Officer (CRO), and Saimon Michelson to Vice President of Alliances. All three executives are veterans of CTERA’s management team. Former CEO and co-founder Liran Eshel will serve as executive chairman of the board, a role from which he will continue to work with the company on key strategic initiatives.

Oded Nagel was among the first original employees of CTERA and for the past five years has served as Chief Strategy Officer responsible for product strategy and global partnerships. Michael Amselem was most recently Vice President EMEA and prior to that an executive at Check Point for over 10 years, where he held various sales management positions including responsibility for global strategic partners.

The promotions come on the heels of another record year for the company in which CTERA grew annual recurring revenue by 38% for its edge-to-cloud solutions, logging more than 150 petabytes of data and hundreds of billions of files managed by CTERA customers. CTERA achieved a record number of 7-figure deals in 2022, including major new client acquisitions with a top 5 US bank, a top 5 global media group, a top 5 global apparel retailer, a of the top 5 packaging companies globally, as well as accelerating momentum with the US federal government

2022 also saw CTERA earn a number of prestigious awards and accolades, including:

“According to a recent report from Gartner, by 2026 large enterprises will triple their unstructured data capacity across their on-premises, edge and public cloud locations, with 60% of them deploying hybrid file cloud solutions, compared to only 20% in 2023,” said Oded Nagel, CEO of CTERA. “This creates a huge opportunity where CTERA is perfectly aligned to capture with our market leading technology and extensive experience in supporting Fortune-100 customers on their secure multi-cloud journey.”

« CTERA has built a solid reputation for having the best hybrid cloud file platform, » said Adam Fisher, partner at Bessemer Venture Partners. « I would like to thank Liran Eshel for his leadership over the past decade and look forward to continuing to work with him and Oded in their new roles. »

CTERA’s social media resources include:

CTERA is the leader in edge-to-cloud file services, powering over 50,000 sites and millions of business users. CTERA offers a cloud-native global file system on public or private object storage, with a rich ecosystem of data services that enables enterprises to gain full control of their data environment for optimal edge performance, granular security, data insights and governance. For more information visit www.ctera.com.

Contact information:
Joan Hogue
Smart Connections PR for CTERA
(410) 658-8246