Veeam Software, the pioneer in backup, recovery, and data management solutions that enable Modern Data Protection, today announced that Anand Eswaran has been named as the company’s new Chief Executive Officer (CEO) and a member of the Board of Directors. Bill Largent, the current CEO, is stepping down to focus on his responsibilities as Chairman of the Board of Directors. Veeam, which has over 400,000 customers and a revenue of $1 billion this year, is at the centre of the data ecosystem, orchestrating data flow, control, and trusted security in every environment and across Hybrid Cloud.
“The data management landscape is evolving at an exponential pace. Veeam is the unequivocal market leader, and is the most trusted partner to help customers securely navigate the complexity of protecting their data to keep their business running; to bolster this position, we continue to challenge the status quo, innovate, and ensure we are anticipating customer needs,” said Bill Largent, Chairman of the Board of Directors at Veeam.
He added, “I am excited to welcome Anand as Veeam’s new CEO. Anand 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.”
“Veeam is a unique company that is growing significantly faster than the market. I am delighted to be joining such a talented team at an exciting time in its journey,” commented Anand Eswaran, CEO at Veeam.
He also said, “Data is exploding and has become one of the most important assets for all organizations. As such, data management, security and protection are pivotal to the way organizations operate today, and failure to have a robust strategy can be catastrophic. Veeam has a unique opportunity to break away as we sit in the middle of the data ecosystem, with the most robust ransomware protection and ability to protect data wherever it may reside.”
Eswaran comes to Veeam after a successful term as President and Chief Operating Officer (COO) at RingCentral, where he oversaw exponential growth and client expansion. The company claimed ARR of $1.6 billion in its most recent financial results under Eswaran’s leadership, a 39 percent rise year-over-year.
Bill Largent has been a key pillar of the company over the past 15 years. Under Largent’s leadership, Veeam has enjoyed a record year of profitable growth in 2021, and was recognized as a Leader for the fifth time by Gartner in its 2021 Magic Quadrant for Enterprise Backup and Recovery Solutions – the second year as the highest ability to execute, and with its market leading growth, secured the #2 position worldwide in terms of market share.
Eswaran’s strategic vision, inclusive leadership, and track record of driving growth are well-known, and he has the ideal background to drive Veeam to the next $1 billion in annual revenue and beyond. He oversaw Product, Engineering, Sales, Marketing, Services, Customer Care, Operations, Information Technology, and Human Resources at RingCentral. Prior to joining RingCentral, Eswaran was the worldwide head of Microsoft’s Enterprise Commercial and Public Sector division; earlier in his Microsoft career, he headed a global team of 24,000 employees in Microsoft Services, Industry Solutions, Digital, Customer Care, and Customer Success.
Prior to joining Microsoft, Eswaran was the Executive Vice President of SAP’s $5.4 billion Global Services division, where he led a team of 17,000 business process and technology experts to help customers and partners create more value using SAP’s enterprise applications. Other positions he has held include Vice President of Global Software Services at HP, Vice President of Global Professional Services at Vignette (now OpenText), and Vice President of Global Professional Services at Vignette (now OpenText) and Senior Manager at Braun Consulting (now Fair Isaac).
