Feeds

Acronis creates new roles for biz and M&A hotshots

Could be poised to snap up some juicy prospects

Top three mobile application threats

Data protection software supplier Acronis has created two new roles on its executive team: senior vice president in corporate development and SVP in global business development. The move suggests the firm is anticipating a spike in growth and is preparing itself to make a few acquisitions, or even positioning itself to be acquired.

The first role has been handed to Gregg Schor, who comes from an M&A legal services background.

Acronis' release says:

Mr Schor has responsibility for managing M&A activities and business planning for expansion into new international markets, bringing over 20 years of experience working with private and public technology companies and a strong track record for successfully managing complex and international M&A and business development strategies.

Having served as General Counsel and as Director of Operations for companies that have been acquired by Microsoft, IBM and EMC, Mr Schor joins Acronis from General Counsel Solutions, which he founded in 2003 to provide M&A, managed legal and other related services, with an emphasis on the high growth tech sector.

Steve Erdman has joined Acronis in the second position, as SVP for global business development, and he "is responsible for driving the overall business development and routes to market strategy by identifying strategic business opportunities, partnerships, alliances and joint ventures".

Acronis president and CEO Alex Pinchev didn't give much away in his statement: "These strategic development roles will strengthen our ability to fulfil our strategic goals and drive our company to the next phase of growth. We will position our business to maximise the opportunities offered by the explosion of data creation, the acceleration of virtual server penetration and the movement of critical data to public and private clouds.”

Pinchev became Acronis' CEO at the end of November last year, joining from Red Hat, where he was a sales boss. Acronis, which recently inked a reseller deal with Drobo, is being sued for patent infringement by Symantec.

It looks like Pinchev is thinking that there could be consolidation in the data protection software market and wants to be a consolidator or be consolidated. My guess is the former. Acronis's business growth is most likely the goal rather than a business sale. ®

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.