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Abiquo Gets New CEO

Darragh is supposed to grow the business aggressively and deliver shareholder value

Abiquo, the UK-based cloud platform company, has named Jim Darragh CEO, replacing Peter Malcolm who quietly disappeared in April.

Darragh is supposed to grow the business aggressively and deliver shareholder value.

He comes over from Riverbed Technology where he was running its Stingray business unit, a job he got in July of last year after selling Zeus Technology to Riverbed for a $110 million plus a possible $30 million incentive that was due to be paid out this summer.

He was CEO of the web server company that had branched out into the load balancing and traffic management for virtual and cloud environments that Riverbed wanted.

According to Abiquo, the valuation Zeus fetched "reflected Darragh's impact in delivering strong revenue growth, robust product and go-to-market competitiveness, supported by a handpicked world-class management team."

Abiquo's backers evidently want Darragh, who also worked at SAP, CA and BMC, to do the same for Abiquo.

In a statement, Darragh said, "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.

"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."

Bernard Liautaud, a partner at Balderton Capital, a director on the board at Abiquo and founder of Business Objects said, "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 fulfill Abiquo's potential in this fast-growth market and we look forward to supporting his global strategy."

Balderton took part in Abiquo's $10 million B round.

Abiquo provisions compute, storage, networking and pricing in a virtual private cloud environment. Its product includes policy-based tiering for SLA management and allocation of cloud infrastructure delivered as a self-service model. The company claims Global 2000s, government contractors and MSPs as customers

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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