Peter Behrendt joined Exabyte in 1987 after spending 26 years with IBM. With Behrendt at the helm, Exabyte became a leading designer and manufacturer of computer tape drives and libraries, and contributed millions of dollars in value creation to Boulder County through its successful initial public offering in 1989.

He has supported many community causes including the CU Artists Series, Colorado Music Festival, Boulder Youth Symphony, Emergency Family Assistance, CU, the Boulder Humane Society and others. He has served on the boards of the Boulder Chamber, CU Business School Advisory Council and the Boulder Economic Council, to name a few. Today he is chairman of ProStor Systems.