VC-Backed RackWare Names New Board Member

RackWare said Tuesday that it has named Steve Daly to its board of directors. Daly is currently president and CEO of LANDesk. Based in Santa Clara, Calif., and Wayne, Penn., RackWare, which is backed by Kickstart Seed Fund and Osage Venture Partners, is a provider of cloud solutions.


SANTA CLARA, Calif. – July 23, 2013 – RackWare, the company that brings intelligence and automation to the Cloud by integrating datacenter and cloud resources into a scalable and intelligently managed computing environment, today announced that it has named Steve Daly, president and CEO of LANDesk, to its board of directors.
“Steve knows how to grow both small and large companies, and has deep experience in enterprise software,” said Sash Sunkara, CEO of RackWare. “He is a perfect fit for our board and we look forward to his guidance during our next phase of growth.”
As president and CEO of LANDesk Software, Steve Daly drives new and existing LANDesk business and helps create innovative IT management solutions. Daly served as senior vice president of corporate strategy for Avocent Corporation from 2003 through December 2006 and was responsible for driving strategic planning and business development. He previously served as president and CEO of Soronti Inc., a remote management vendor acquired by Avocent in 2003. Before Soronti, Daly managed various marketing and finance positions at Intel Corporation and was director of marketing for the LANDesk Systems Management division of Intel. Daly holds a bachelor’s degree in mechanical engineering and an MBA from Brigham Young University.
“RackWare’s approach to cloud management is truly innovative, and they have a very strong potential to become a leader in this market,” said Daly. “I’m excited about the opportunity to help RackWare develop as a major force in the cloud management space.”
About RackWare
RackWare brings intelligence and automation to the cloud, providing greater availability for enterprises, greater flexibility for enterprise IT users, and reduced costs for enterprise IT providers. Computing resources—physical, virtual, and cloud machines—can be easily and automatically scaled up or down as demand fluctuates. On average, RackWare customers realize a cost savings of 40 to 50 percent, while getting the highest performance and availability out of their cloud. RackWare was founded in 2009 and is based in Santa Clara, California and Wayne, Pennsylvania.
About Kickstart Seed Fund
Kickstart Seed Fund is a seed stage venture capital firm based in Salt Lake City, UT. Kickstart Seed Fund’s mission is to kickstart companies in the Utah and the West by aligning technology creators, industry, entrepreneurs, and capital sources behind the funding and mentoring of seed investments. Since raising its first fund in 2008, Kickstart has invested in nearly 30 companies. For more information, visit
About Osage Venture Partners:
Osage Venture Partners (OVP) is a venture capital firm located just outside of Philadelphia, Pa. that invests in early-stage enterprise technology companies in the Mid-Atlantic region. OVP raised its first fund in 2005, and has invested almost exclusively in enterprise software companies since that time. With over $100M under management, OVP seeks to invest in determined and creative entrepreneurs and provide them with the assistance required to build high growth businesses. For more information, visit