LOS GATOS, Calif.--(BUSINESS WIRE)--ShareVault, a leading provider of SaaS secure document sharing services including next generation virtual data rooms, announced today the addition of veteran sales professional Joe Sorrentino to head up their rapidly growing global sales efforts.
Sorrentino brings with him a successful 15 year track record of stellar results as a senior sales executive including building and managing high performance sales teams, scaling revenue quickly through direct/ indirect sales channels and partners and achieving overall corporate goals. In his new role heading ShareVault worldwide sales, strategic partnerships, business development, and global account management, Sorrentino will report directly to ShareVault CEO, Richard Andersen.
Before joining ShareVault, Sorrentino held the position of Executive Vice President of Worldwide Sales for Clearone Communications, NASDAQ (CLRO), a leading global provider of high performance audio conferencing solutions. He was credited with building a world class sales force and developing the sales and marketing strategies that were instrumental in increasing Clearone’s market penetration, fueling market growth, and market share expansion across all product lines, while consistently driving quarterly double digit growth year over year.
Prior to Clearone, Sorrentino was Senior Vice President of Sales for Spire Global, a privately held company that was founded as Sony Video Conferencing exclusive sales, marketing and support arm in the US. Sorrentino was responsible for running day-to-day sales and marketing operations, building Spire Global's US sales force from the ground up, defining and executing the new channel sales strategy, developing the channel partner network as well as signing new strategic partnerships. During Sorrentino’s tenure with Spire Global, the company’s sales grew significantly, as did the sales organization.
Sorrentino also served as Vice President of Sales for Polycom’s NASDAQ (PLCM) Voice Products Solutions division, a global leader in unified communications, where he was responsible for building a worldwide sales force, launching new products in the VOIP and installed audio conferencing space, as well as growing market share for their leading tabletop conferencing business.
As Vice President of Worldwide Sales for 3Ware, a start-up storage company, Sorrentino grew revenues for eight consecutive quarters. 3Ware was subsequently acquired by a publicly-traded company on the NASDAQ exchange. Earlier in Sorrentino’s high technology career he held management roles for such notable companies as IBM, Motorola, Seagate and Adaptec.
Sorrentino earned a Bachelor of Arts Degree from San Jose State University.
“We are very pleased to bring on board someone with Joe's extensive sales leadership experience in successfully leading worldwide sales organizations,” said ShareVault CEO, Richard Andersen. “Joe’s background in large public multinational companies as well as key sales leadership roles in start-up companies, growing revenues and helping take those companies public or positioning them for successful acquisition will be a big advantage for us here at ShareVault as we continue to grow as a leader in the burgeoning cloud computing space.”
The virtual data room market is growing at a compound annual growth rate of 29% and is expected to reach nearly $1 billion in revenues by 2013 according to leading industry analyst Daniel Krauss of Forrester Research, Inc., an independent research firm.
About ShareVault:
ShareVault™ provides a simple, secure way to share sensitive documents with third parties during due diligence and other critical business processes. The on-demand platform is an innovative and highly intuitive SaaS cloud computing solution that enables its customers to manage critical time-sensitive and document-centric processes faster and easier. In addition, ShareVault works with other technologies, such as SharePoint, to safely and securely share documents with third parties. ShareVault is based in Los Gatos, California, with development offices in Bangalore, India. For more information, visit: www.ShareVault.com.