Acronis on the prowl?
With a brand new CEO, established revenue stream and neat technology, you could be forgiven for thinking that privately-owned Acronis was looking to be acquired.
Jason Donahue has sold three previous companies he ran to Oracle, IBM and Veritas (now Symantec). So why, four months ago, did the Acronis board replace its previous CEO, who increased its revenues by more than 400 per cent in his three and half years at the helm?
That put revenue, according to Donahue: "Well north of $100m," and it had grown by 20 per cent calendar 2007 to 2008, with the final 2008 quarter being the firm's highest-grossing ever.
Donahue says the board was looking at what was needed to take the business up to a billion dollar a year run rate and he has also led a company into public ownership. He reckons Acronis is well-positioned to grow. It has some 3.5m customers providing recurring software licence and support revenues and a strong presence in the mid-market providing backup and bare metal restore, the delivery of a complete server image: operating system; state information, applications and disk data to the same server or a different one. The bare metal restore provides the differentiation from other backup and restore software products.
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