On the market: A successful CEO seeking an Austin startup to run

Dec 9, 2014
Austin Business Journal

Former Gazzang Inc. CEO Larry Warnock is moving on six months after his company was acquired by California-based Cloudera Inc


The Austin-based executive who has been Cloudera's vice president of security since the early June deal expects to find a CEO position at another early-stage technology company in Austin. He's already in discussions with prospects and plans to take a couple months off while considering options, Warnock said Monday


Warnock's six-month tenure at Cloudera was agreed upon at the time of the acquisition to assist in the transition, he said


Cloudera bought Gazzang in June for an undisclosed amount and converted the Gazzang office into Cloudera's Austin-based center for security excellence. Cloudera, which was founded in 2008, employed 600 workers before the acquisition


Warnock was previously the CEO of Austin-based Phurnace Software Inc., which was acquired for an undisclosed amount in January 2010 by Houston-based BMC Software Inc. 


He was also the chief marketing officer of Vignette Corp., an Austin software maker, and vice president of marketing for Zilliant Inc., an Austin-based developer of price optimization software


Gazzang, which was founded in 2008 as Critotech Inc., developed security solutions and diagnostics for enterprise customers. The company employed 41 workers at the time of its acquisition


In early 2013, it collected $4 million from 12 investors, and a $2 million financing from a lone investor in 2012, according to filings with the U.S. Securities and Exchange Commission


In December 2010, Gazzang completed a $3.5 million round of funding from a syndicate of 15 investors led by Austin Ventures LP



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