CAMBRIDGE, Basho Technologies, the fast growing data storage and management software company serving the enterprise market, today announced that its Board of Directors has named Donald J. Rippert, long time Chief Technology Officer of Accenture, as President and Chief Executive Officer of Basho, effective July 1. Mr. Rippert will lead Basho in what the Board expects to be a period of extraordinary growth for the company. In addition, Basho announced that it has successfully completed its $7.5 million Series D Equity Financing, further enhancing the company's ability to capitalize on the fast growing demand of enterprises and government agencies for database software specifically built to manage the explosion of data being generated by growing Internet users and web applications. The extraction of value from this data explosion is often referred to as 'Big Data'.

Basho Technologies, Inc., founded in 2008 by a core group of software architects, engineers, and executive leadership from Akamai Technologies, Inc. (Nasdaq: AKAM), has offices in San Francisco, California, Cambridge, Massachusetts and Reston, Virginia. Basho's flagship solution, Riak, is a distributed data store that combines extreme fault tolerance, rapid scalability, and ease of use to meet the needs of the rapidly expanding Big Data management and storage software market. Designed from the ground up to work with applications that run on the Internet and mobile networks, Riak is particularly well-suited for users of cloud infrastructure such as Amazon's AWS and Joyent's Smart platform and is available in both an open source and a paid commercial version.