Abiquo appoints new CEO
Jim Darragh will lead the company forward to reach the Enterprise Private Cloud
Abiquo claims to own the most advanced cloud software platform for enterprise and service providers. So says the new CEO. Jim Darragh has joined the company as Chief Executive with a vision to aggressively grow the business and deliver shareholder value.
Darragh takes over the helm at Abiquo from September,
having previosly held the post of VP & General Manager of the Stingray business unit at Riverbed Technology, a role he began in July 2011 following his influential leadership as CEO at Zeus Technology. Darragh was instrumental in the acquisition of Zeus by Riverbed in 2011, spearheading an award-winning exit that attracted considerable attention in the European equity markets. The valuation of Zeus reflected Darragh’s impact in delivering strong revenue growth, robust product and go-to-market competitiveness, supported by a handpicked world-class management team.
With a long history of building successful international software businesses across the industry at SAP, CA Technologies and BMC Software, Darragh has ambitious plans for Abiquo.
“My mission is to take full advantage of a great product in a high growth market and compete hard for market share. Our focus will be on the enterprise and managed services cloud software sectors and we intend to shake up the status quo to give IT leaders a simple decision to make,” Darragh comments.
“We want Abiquo to be the first name in private cloud. We are hypervisor agnostic which gives us unique ability to enable self-service cloud provisioning for any business looking to build, use or sell enterprise cloud services. The market landscape is wide open for us and I’m hugely excited at the prospect of aggressively growing our global footprint,” he continued.
Bernard Liautaud, Partner at Balderton Capital, Director of the Board at Abiquo and founder of Business Objects commented: “Jim is a strong leader with deep understanding of what it takes to succeed in the software market. We have great confidence in his ability to fulfil Abiquo’s potential in this fast growth market and we look forward to supporting his global strategy.”
Abiquo’s software provides a single platform and portal to manage and control provisioning of compute, storage, networking and pricing within a virtual private cloud environment. The product includes policy-based tiering for SLA management and allocation of cloud infrastructure, delivered as a self-service model to users and customers.
London, 19 September 2012:
