VCE Appoints Praveen Akkiraju Chief Executive Officer
RICHARDSON, TX – July 19, 2012 – VCE, a leader in Converged Cloud Infrastructure Systems, today announced that Praveen Akkiraju has been appointed as Chief Executive Officer. He joins President Frank Hauck as an extension to VCE’s accomplished management team. In addition Akkiraju and Hauck will join the company’s board of directors.
A 19-year veteran of Cisco, Akkiraju served most recently as senior vice president and general manager of Cisco Services Routing Technology Group, where he established a track record of delivering innovative Cloud infrastructure and integrated networking services products, and solid business results. Having led business units across the enterprise, service provider and commercial market segments, Akkiraju was responsible for setting the direction for Cisco’s next generation enterprise architecture and integrating security and application awareness capabilities with the network and cloud infrastructure.
“VCE has clearly established itself as the market leader by creating the converged infrastructure category. As the company continues to accelerate its business, product and market expansion, Praveen brings an ideal combination of business and technical experience that will enable VCE to meet growing customer demand for its products and solutions,” said Michael Capellas, Chairman, VCE.
“VCE has been a pioneer in defining and accelerating the adoption of a converged infrastructure for cloud-based computing models, and is a key part of our cloud and data center strategy,” said John Chambers, Chairman and CEO, Cisco. “Praveen is an outstanding choice for the CEO, and is uniquely capable of accelerating product innovation, and helping VCE scale to capitalize on the opportunities ahead.”
“Cloud computing is rapidly transforming the IT landscape and creating unparalleled market opportunities. VCE has been an innovation leader since its inception in late 2009, delivering differentiated customer value that has fueled remarkable growth. We are adding to VCE’s management strength by appointing Praveen as CEO,” said Joe Tucci, Chairman and CEO, EMC.
“I am very excited about the opportunity to be part of a talented team that is defining the next generation of cloud computing,” said Akkiraju. “VCE’s growth and the market acceptance of its Vblock Systems have been remarkable. With a projected 50 billion dollar market opportunity over the next few years, VCE has the right technologies, partners, people and products to transform the economics, agility and profitability of our customers as they transition to cloud-enabled business models.”
VCE was formed by Cisco and EMC in 2009, with additional investments from VMware and Intel. With 1,200 employees and an annualized order run rate approaching one billion dollars, VCE is among the fastest growing IT companies in the world.
VCE, the Virtual Computing Environment Company formed by Cisco and EMC with investments from VMware and Intel, accelerates the adoption of converged infrastructure and cloud-based computing models that dramatically reduce the cost of IT while improving time to market for our customers. VCE, through the Vblock platform, delivers the industry's first completely integrated IT offering with end-to-end vendor accountability. VCE's prepackaged solutions are available through an extensive partner network, and cover horizontal applications, vertical industry offerings, and application development environments, allowing customers to focus on business innovation instead of integrating, validating and managing IT infrastructure.
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