Chief Executive Officer
OTG Software, Inc.
Kay is the Chairman and CEO of OTG Software, a leading data
storage and data access software company that allows users
to access information over their networks as well as the
founded OTG in 1992 with his own funds, and he continued to
financially support OTG in the early years.
Under Kay’s leadership, OTG has grown more than 60
percent each year. In
fact, OTG grew more than 75 percent in 2000 while
OTG has continued to grow successfully in 2001,
posting double digit sequential and year over year growth in
Kay also guided the Company through a public offering in March 2000 that raised more than $100 million. This IPO was the thirteenth highest IPO of the year, as reported by Red Herring in “Top Technology IPOs of 2000” for Internet and storage management services. Furthermore, Kay successfully orchestrated a secondary offering raising an additional $70 million. OTG was also recognized by Computerworld as one of the Top 100 “Emerging Companies to Watch in 2000.” In the Washington, D.C. area, OTG was recently named to Arthur Andersen’s FastTrack Award, which recognizes revenue growth. Deloitte & Touche’s Fast 50 also ranked the Company as the 25th fastest growing company in Maryland.
Kay has been honored as a true entrepreneurial success, named as a finalist in 1999 by Ernst & Young Entrepreneur of the Year and receiving the Blue Chip Entrepreneur of the Year Award in 1999. In 2001, Kay was selected as Entrepreneur of the Year by both the Maryland High Technology Council and KPMG - the only person to win both awards in the same year. The Maryland High Tech Council and KPMG awards were given to Kay due to his role in bringing new business opportunities to the Greater DC and Maryland areas, and for his leadership, talent and innovation.
In 1985, prior to founding OTG, Kay co-founded National Operator Service Inc., a reseller of telephone operator services, and in 1989, NOS Communications Inc., a reseller of AT&T long distance service. NOS Communications went on to become the largest reseller of AT&T SDN (Software Defined Network).
As a native of Washington, D.C., Kay is a graduate of the University of Maryland, majoring in Business Administration and Finance. He has continued his education by attending Harvard Business School courses associated with managing a successful company and a dynamic Board of Directors.
Kay is also actively involved in the community, and recently was appointed as fundraising Chairman of Best Buddies, a program that matches people with mental retardation with a student or professional mentor. Kay is also a Board member of Venture Philanthropy Partners, a groundbreaking approach to philanthropy that combines funding with business principles to grow an organization’s capacity and effectiveness. He is a contributing member to the Brain Tumor Trust Fund and has donated to the Columbia Hospital for Women Developmental Clinic in 2000 and 2001.
resides in Potomac, Maryland, with his wife and four
Managing Partner of Walker Ventures,
Steve Walker & Associates
CEO & President, Doceus