Veeam Software has appointed Anand Eswaran as its new Chief Executive Officer (CEO) and a member of the company’s Board of Directors.

William H. Largent (Bill Largent) will step down as CEO to focus on his role as Chairman of the Board of Directors. The executive has been with the company for 15 years.

Veeam, which crossed $1 billion in ARR this year and has over 400,000 customers, sees Eswaran join from RingCentral where he was President and Chief Operating Officer (COO). In the company’s most recent financial results under Eswaran’s leadership, it reported ARR of $1.6 billion, a 39% increase year-over-year.

Largent said: “The data management landscape is evolving at an exponential pace. Veeam is the unequivocal market leader, and is the most trusted partner to help customers securely navigate the complexity of protecting their data to keep their business running; to bolster this position we continue to challenge the status quo, innovate, and ensure we are anticipating customer needs.

“I am excited to welcome Anand as Veeam’s new CEO. Anand brings extensive experience in developing new business models, executing on market expansion and driving growth with an inclusive purpose-led and people-first culture. To have someone with Anand’s experience on board will lead us into a new era of success, as we further accelerate into the cloud and evaluate the opportunity for Veeam to be a publicly traded company in the future.”

Prior to RingCentral, Eswaran was responsible for Microsoft’s (NASDAQ: MSFT) Enterprise Commercial and Public Sector business globally; earlier in his tenure at Microsoft, he led Microsoft Services, Industry Solutions, Digital, Customer Care, and Customer Success — a global team of 24,000 professionals.

Prior to joining Microsoft, Eswaran was the Executive Vice President of the $5.4 billion Global Services business at SAP (NYSE: SAP), leading 17,000 business process and technology professionals.

He has held multiple other leadership roles including Vice President of Global Software Services at HP, Vice President of Global Professional Services at Vignette (now OpenText), and Senior Manager at Braun Consulting (now Fair Isaac).

Commenting on his appointment, Eswaran said: “Veeam is a unique company that is growing significantly faster than the market. I am delighted to be joining such a talented team at an exciting time in its journey.

“Data is exploding and has become one of the most important assets for all organisations. As such, data management, security and protection are pivotal to the way organisations operate today, and failure to have a robust strategy can be catastrophic. Veeam has a unique opportunity to break away as we sit in the middle of the data ecosystem, with the most robust ransomware protection and ability to protect data wherever it may reside.”