GFI names industry veteran Walter Scott as new chief executive officer

October 31, 2008

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RALEIGH, N.C. -- Industry veteran and former CEO of Acronis Inc., Walter Scott has been appointed as Chief Executive Officer of GFI, a leading provider of email and security software. The announcement was made today by the companys board of directors. Mr. Scott was chosen for his excellent leadership skills and track record helping companies experience rapid revenue growth and profitability.

As the CEO of Acronis Inc., a provider of storage management and disaster recovery software, in the space of three years he increased annual revenues from less than $20 million to approximately $120 million for 2008. Prior to joining Acronis, Mr. Scott was CEO of Im¬ceda Software where he executed a combination of leadership and marketing strategies that resulted in a successful sale of the company to Quest Software. Mr. Scott was also instrumental in Embarcadero’s successful IPO in 2000. He started his career with sales and marketing positions at BMC Software and Banyan Systems.

Paul Sallaberry, Chairman of the Board for GFI, said that the selection of Mr. Scott was based on his years of experience in the industry and his excellent track record leading complex organizations, in addition to his strong executive and personal qualities.

“We have conducted a comprehensive search of external candidates over the past year, and Walter has secured our confidence because of his strong execution skills, his proven ability to lead top performing teams, and his track record in driving shareholder value. Walter has extensive knowledge of the SMB market and his ability to manage and grow companies in this sphere is excellent,” Mr. Sallaberry said.

Acronis Inc.

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