A clear sign that 3PAR is expanding.
For a company that is in an industry that thrives on successful delivering new leading products, it is important that there are sufficient people to lead engineering.
A new VP will allow the foundinng team of Jeff Price and Ashok Singal to focus on more critical design issues. I believe, the new VP (Peter Slocum) role is more focus on product delivery.
I see this as a plus point for 3PAR and a possible sign that there is a growing demand to have more products that address market needs.
I will keep this addition at the back of my head. Earnings season ahead. Need to find out also about their revenue growth and cashflows.
Source article for VP appointment: