Anand Eswaran has been appointed as the new chief executive officer (CEO) and a member of the board of directors of Veeam Software Corp, a data management solutions provider.
The US-based company has said in a statement Anand Eswaran will take over from William H Largent, who will step down as CEO to focus on his role as chairman of the board of directors.
Before joining Veeam, Eswaran was the president and the chief operating officer at RingCentral Inc. He has also worked with Microsoft, where he led its industry and digital, customer care, and customer success teams, SAP, HP, Vignette (now OpenText) and Braun Consulting (now Fair Isaac).
Eswaran was the executive vice president at SAP, the vice president of global software services at HP, vice president of global services at Vignette (now OpenText), and a senior manager at Braun Consulting (now Fair Isaac).
Largent said Eswaran brings extensive experience in developing new business models, executing on market expansion and driving growth with an inclusive purpose-led and people-first culture.
"To have someone with Anand’s experience on board will lead us into a new era of success, as we further accelerate into the cloud and evaluate the opportunity for Veeam to be a publicly traded company in the future," he also said.
Eswaran said has Veeam’s journey “is going to have a similar thread to all of my past experiences.” “We are the No. 1 market share leader in Europe. We have an opportunity to get there pretty quickly in the US as well.”
Veeam was purchased by private equity firm Insight Partners in 2020 for an undisclosed price. While announcing Eswaran’s appointment in a statement on Thursday, the company said it had more than $1 billion in annual recurring revenue in 2021.
The new CEO said Veeam is well on the path to an initial public offering. “The company’s already been on a process of IPO readiness. There’s no more check boxes needed to take the company public,” Eswaran said.
Veeam has over 4,500 employees more than four lakh customers.
