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SAN MATEO, CA -- (Marketwire) -- 01/14/13 -- Serena Software, a leading provider of Orchestrated IT management solutions to the Global 2000, today announced the appointment of Greg Hughes as President and Chief Executive Officer. Mr. Hughes will also continue his current duties as a member of Serena Software's board of directors. As President and CEO, Mr. Hughes succeeds John Nugent, who has stepped down from his positions with the company.

"We are very pleased to welcome Greg Hughes as CEO," said Todd Morgenfeld, Chairman of the Board of Serena Software and Director at Silver Lake. "His extensive track record in the software industry and deep strategic expertise will help us better serve our enterprise customers and address long-term opportunities." Mr. Morgenfeld added, "Serena Software, a market leader in information technology and application lifecycle management solutions, is a valuable part of Silver Lake's portfolio, and Greg is uniquely positioned to lead its next phase of growth."

"I have worked closely with Serena's management team and am impressed with the innovation they've delivered," Mr. Hughes said. "I look forward to working with everyone at Serena to accelerate growth in products and services that create enduring value for Serena's customers."

Mr. Hughes is currently a Director of Silver Lake and a senior member of the firm's Value Creation Team. He has over 20 years of experience as a technology industry executive and consultant in the technology industry. Prior to joining Silver Lake, he was a senior executive at Symantec, most recently serving as Group President, Enterprise Products, where he had responsibility for the $4 billion enterprise software business and led the engineering and product management team. Mr. Hughes held other roles in his tenure at Symantec including Chief Strategy Officer, in which he led corporate development, portfolio strategy and emerging businesses, and Group President, Global Services, in which he led the company's professional, support and managed services business unit. He joined Symantec through the company's acquisition of VERITAS Software, where he was Executive Vice President, Global Services. Mr. Hughes joined VERITAS after a 10-year career at McKinsey & Company, where he most recently served as Partner and founded and led McKinsey's Software Practice. Mr. Hughes is also a board member of LogMeIn. He was awarded an MBA from Stanford University Graduate School of Business and a BS and MS in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology.

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About Serena Software, Inc.

Serena Software provides Orchestrated IT management solutions to the Global 2000. Serena's core purpose is to advance the business value of IT. Our 4,000 active enterprise customers, encompassing one million users worldwide, have made Serena the largest independent ALM vendor and the only one that orchestrates DevOps, the processes that bring together application development and operations.

Headquartered in Silicon Valley, Serena serves enterprise customers from 29 offices in 14 countries. Serena is a portfolio company of Silver Lake Partners, the leader in private investments in technology-enabled industries.

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