Crossroads names new CEO

Crossroads Systems, Inc. (NASDAQ: CRDS) said it has appointed Richard K. Coleman, Jr. as president and chief executive officer.

Coleman had previously been serving as interim president and chief executive since May 2013.

With a lengthy background as a private investor and business advisor, Coleman founded Rocky Mountain Venture Services, helping technology companies plan and launch new business ventures and restructuring initiatives since 1998.

Crossroads Systems is a global provider of data archive solutions. Through the innovative use of new technologies, Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance and significant cost-savings. Founded in 1996 and headquartered in Austin, TX, Crossroads has been awarded more than 100 patents and has been honored with numerous industry awards for data archiving, storage and protection. Visit www.crossroads.com.

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