Acronis, a cybersecurity startup that hit unicorn status back in 2019, has announced the appointment of Patrick Pulvermueller as the new Chief Executive Officer.
The former president of GoDaddy, one of the world’s most important internet companies, will be succeeding Serguei Beloussov. Having founded Acronis back in 2003, Beloussov served as CEO since 2013 and will continue to do so until July 1st of 2021.
Pulvermueller led GoDaddy’s strategic expansion of its hosting, productivity, and security services through resellers and agency partners, while also holding executive leadership roles as CEO of Host Europe GmbH and Group CEO of Host Europe Group (HEG).
He talked to Grit News about the announcement of his appointment by stating:
“I feel we have one of the best company cultures in the tech industry, which is one of the main reasons I accepted this new role. Serguei has done a tremendous job of instilling a startup company culture into a large global business – an initiative I plan to continue. It truly feels like a family.”
The appointment comes at a time when Acrovis is preparing to expand its business, having received more than $250 million in its latest investment round which included the participation of firms such as CVC Capital Partners VII. The company is now valued at more than $2.5 billion
Back in May, Beloussov said that the company was looking into different alternatives to provide its shareholders with liquidity, mentioning an IPO, M&A, or dividends as a viable option.
When asked about this by Grit Daily, Pulvermueller said:
“Mergers and acquisitions have always been something that Acronis explores when the opportunity is right, as is evident by our recent acquisitions of Synapsys, DeviceLock, and CyberLynx. In regards to future plans, I aim to accelerate growth through our partners and reseller channels, as I believe those are key to success. As for an IPO, the company is growing rapidly and the value of the company is increasing. We will continue to consider all options that accelerate the completion of our product vision around the five vectors of cyber protection: Safety, Accessibility, Privacy, Authenticity, and Security.”
Bellussov is expected to join the Board of Directors as a member, as well as serve as Chief Research Officer for the cybersecurity startup he founded and is the largest shareholder.