CFOtech Asia logo
Technology news for Asia's CFOs and financial decision-makers
Story image

Patrick Pulvermueller takes the reins as Acronis CEO as company value hits $2.5b

By Newsdesk
Thu 8 Jul 2021
FYI, this story is more than a year old

Acronis leader Serguei Belloussov is stepping down from his position as CEO and extending a warm welcome to newly-appointed CEO Patrick Pulvermueller.

Pulvermueller, who most recently worked as GoDaddy partner business president, has extensive experience leading go-to-market strategies and working closely with resellers and agency partners.

Pulvermueller says he is excited to join the team and the tremendous partner network. He says he will continue Belloussov's vision of providing cyber protection services that change the industry.

“Acronis is poised to disrupt the data protection and cybersecurity markets while redefining how service providers leverage remote monitoring and management (RMM) and professional services automation (PSA) services. I look forward to contributing my knowledge and experience in the service provider business to ensure we take full advantage of that opportunity.

Acronis, which is currently valued by some investment firms at more than US$2.5 billion, recently raised more than US$250 million in a funding round.

The company aims to accelerate its technology and product development and leverage that investment to further enhance its go-to-market initiatives. The company will als support its partner network comprising managed security service providers (MSSPs), hosting partners, cloud distributors, cloud aggregators, network service providers, and others.

Acronis chairman of the board of directors, René Bonvanie, says the company has added more than US$1.5 billion in valuation in the last 18 months.

“Acronis is on a tremendous growth trajectory thanks to the cyber protection strategy put in motion by Serguei. Given Patrick's demonstrated expertise in helping rapid growth companies scale and proven success in a channel-centric environment, we are confident he will accelerate Acronis' success and prepare the company for the next stage.

Serguei Belloussov will remain on the Acronis board of directors and he will also be the company's chief research officer. He will focus on the company's advanced technologies, including autonomous research, data management, cyber network, cyber platform, and enterprise products. he will also focus on developing Acronis' university relations program, including with the Schaffhausen Institute of Technology (SIT) in Switzerland.

Says Belloussov, “I'm proud of Acronis' success to date and believe now is the perfect time to pass the baton to Patrick. We did an extensive search for an outstanding leader and Patrick's track record of success, partner-led approach, and operational expertise were obvious strengths.

“He has the experience to continue pushing Acronis' mission, improve our operations, and build a multi-billion dollar revenue stream – taking the organisation, the product portfolio, and our partnerships to the next level.

Related stories
Top stories
Story image
Observability
Gigamon named leading vendor in deep observability market
650 Group has published a report, recognising Gigamon as the leading vendor in the deep observability market for 2022.
Story image
Cloud
Workday expands skills cloud and announces new HCM customer
Workday has expanded its skills cloud service and has also announced that Busy Bees Learning has selected the company's HCM solution as part of an overall HR transformation. 
Story image
Fintech
New report highlights opportunities and challenges of Super Apps for banking sector
"Staying ahead of the game means predicting where tomorrow will take us, as well as recognising where things currently stand."
Story image
Software-as-a-Service
Intel accelerates innovation with software-first approach
Intel introduced new services and tools in AI, security and quantum computing to help developers reduce time-to-market and increase performance and security.
Story image
Distributed Denial of Service
Sysdig reveals a loss of $53 for every $1 cryptojackers gain
The 2022 Sysdig Cloud Native Threat Report breaks down supply chain attacks against containers and how geopolitical conflict influences attacker behaviours.
Story image
Sustainable IT
Equinix commits US$50 million to advance digital inclusion
Establishes the Equinix Foundation, an employee-driven charitable organisation, to advance digital inclusion through grants and strategic partnerships.
Story image
Customer Relationship Management
NetSuite introduces CPQ to help organisations simplify sales process
NetSuite CPQ is the only native configure, price and quote solution built on the NetSuite platform. It works with NetSuite ERP, CRM, and eCommerce solutions
Story image
Low-code
What CFOs need to know about low-code
Understanding the opportunities, risks and costs associated with an organisation’s digital transformation journey is becoming an increasingly critical responsibility for CFOs.
Story image
Business Intelligence
IDC finds the majority of executives expecting a recession
59% of respondents believe 2023 will be a recession year. Of these, nearly 30% believe we are amidst a recession. Another 26% expect a recession in later 2022.
Story image
Data analytics
SAS Viya now available in the Microsoft Azure Marketplace
SAS offers its analytics platform Viya, with an hourly pricing model, in-app tutorials and support for multiple languages.
Story image
Network Management
Data is growing at breakneck speed, but are we optimising its value?
Data lies at the heart of digital transformation, as every digital touchpoint translates to a data point. In this digital-first world, data is being created everywhere today – at breakneck speeds.
Story image
IT infrastructure
Kyndryl launches open solution, powered by co-creation
Kyndryl Vital is led by global teams of designers who work alongside customers and partners to define and solve complex problems with innovation.
Story image
Artificial Intelligence
Fortinet advances AIOps to aid the hybrid workforce
"We’re continuing our commitment to AI innovation by delivering AIOps capabilities across our robust portfolio of enterprise networking technology."
Story image
Digital Transformation
Smartsheet reveals new product innovations during Engage
New features on data visibility, project control and third-party solution integration are in store for local Smartsheet customers.
Story image
Data analytics
COVID-19 relief innovation takes 2022 SAS Hackathon crown
In COVID-19’s wake, more than 287,000 MSMEs joined JakPreneur, a collaborative government platform that links entrepreneurs and stakeholders
Story image
Oracle NetSuite
NetSuite Launches Ship Central to improve warehouse operations
NetSuite WMS and Ship Central offer warehouse operations across SKUs, processes, and locations. NetSuite WMS eliminates manual processes
Story image
IT Automation
Tech job moves - Adobe, Ambit, blueAPACHE, Cue & DC Blox
We round up all job appointments from September 26-,30 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Cybersecurity
Best practices for industrial cyber resilience
Operational technology (OT) security is gaining more attention than ever before, but sufficient understanding of what it takes to prevent breaches is still lacking amongst many organisations.
Story image
Legacy
Trellix enables greater cyber resiliency with extended XDR platform
"Legacy SIEM technology has failed to modernise security operations. We are confident Trellix XDR fills this critical gap.”
Story image
Kaspersky
Cybersecurity loopholes prevalent in South East Asia
In terms of the share of vulnerabilities with publicly available exploits, three countries out of top five are located in Southeast Asia.
Story image
Sustainable IT
Adobe surveys sustainability at work in Hong Kong employees
The top three sustainability practices are reducing paper usage (46%), digital document storage and management (43%), and curbing electricity consumption (37%).
Story image
Cybersecurity
Swift successfully pilots its Securities View capability
The new capability significantly increases transparency in post-trade processing while preventing costly settlement fails; it will be widely available in 2023.
Story image
Microsoft
UiPath and Microsoft partner to empower best-in-class automation
"Together, we are helping customers realise and achieve the business value of automation at scale. We are excited to deliver substantial, integrated cloud offerings.”
Story image
Digital Transformation
NEC Corporation and Red Hat expand global collaboration
NEC Corporation and Red Hat have announced an expanded global collaboration to drive IT modernisation and digital transformation on Red Hat OpenShift.
Story image
Cloud
IBM releases Transformation Index to assist cloud innovation
IBM has released its Transformation Index: State of Cloud, commissioned by the company and conducted by an independent research firm.
Story image
DevOps
Disparate data causing headaches for A/NZ businesses
Gone are the days when developers could get away with merely producing code. Many are now expected to be accountable for their code, which should be ‘clean’, right up to deployment.
Story image
Data analytics
Pronto launches Xi innovation to bring data to light
With the importance of digital transformation, having an ERP and analytics solution to bring data to light is critical.
Story image
Subscriptions
Denodo targets mid-market with new subscription models
These new subscriptions will help mid-market companies to streamline data integration and accelerate speed to insights.
Story image
Cashflow
Exclusive: Corpay plans to provide more hedging features
Corpay addresses border payments and currency risk management. Offering hedging, payment technology, cash flow solutions and exotic currency capabilities
Story image
IT in Manufacturing
Five ways manufacturers can benefit from a purpose-built ERP
As the manufacturing world rapidly evolves to meet new challenges, many organisations are working to define a new roadmap to success.
Story image
Digital Transformation
How businesses can stay connected with their clients in a digital environment
Staying connected in a virtual world requires strong communication and collaboration, especially with many workplaces adopting a work-from-anywhere business model.
Story image
Tax
BlackLine adds tax hyperautomation capabilities to its solutions
The extension to BlackLine's intercompany solutions comes in response to organisations facing increasing intercompany tax scrutiny globally.
Story image
Work from home
Jamf showcases new products to simplify and secure work
At the 13th annual Jamf Nation User Conference, the company shared how its continuous product innovation is helping organisations succeed with Apple.
Story image
Ransomware
Commonwealth tackling rising cybercrime threat in Asia
Ransomware, identity theft, and virtual security attacks identified as growing threats to security and economic growth.
Story image
Workflow Automation
NetSuite announces SuitePeople Workforce Management
Oracle NetSuite has announced NetSuite SuitePeople Workforce Management, a solution created to help organisations manage labour costs and profitability.
Story image
Payroll systems
Video: 10 Minute IT Jams - An update from UKG
Charlie DeWitt and Greg McManus join us today to discuss the importance of payroll in todays operating environments, and why automated processes can often be a key driver of success.
Story image
Artificial Intelligence
ServiceNow improves operational intelligence with new solutions
"We are helping customers create more resilient, secure, and productive business models, so they can navigate uncertainty with confidence.”
Story image
Cloud
MYOB provides efficiency boost with new inventory solution
Premium Inventory is an integrated solution that helps goods-based businesses improve efficiency, reduce costs and increase cashflow.
Story image
Digital Transformation
Kyndryl announces Kyndryl Bridge to drive business growth
Kyndryl Bridge uses operational data patterns and IP to improve and accelerate its AI-powered analytics and business objectives
Story image
Artificial Intelligence
Exclusive: Uniphore shares how Conversational AI can be the key to business success
Conversational AI and Automation are vital tools to help further promote organisational cohesion and communication, and Uniphore is leading the charge.