Hot on the heels of Indian-origin Parag Agarwal being appointed as Twitter CEO, another Indian-origin executive Anand Eswaran has been appointed as the new Chief Executive Officer (CEO) and a member of the Board of Directors of global IT firm Veeam. 

He will lead the company to achieve the next $1 billion in annual recurring revenue (ARR) and beyond.

Anand Eswaran will take over from William H Largent, who will step down as CEO to focus on his role as chairman of the board of directors.

Before joining Veeam, Eswaran was the president and the chief operating officer at RingCentral Inc. He has also worked with Microsoft, where he led its industry and digital, customer care, and customer success teams, SAP, HP, Vignette (now OpenText) and Braun Consulting (now Fair Isaac).

"Today my RingCentral chapter closes with unforgettable experiences and lasting friendships. My next chapter begins -- promising opportunities to learn and grow. New beginnings as CEO of Veeam," he said in one of his tweets.

In a write-up, Eswaran said: "A new adventure often marks the close of a chapter. In my case, one that has provided unforgettable experiences and lasting friendships. But as one chapter closes, a new one begins - promising new opportunities to learn and grow."

He is a founding member of the Technology Services Industry Association (TSIA) and served on the executive advisory board for 12 years.

Eswaran holds a master's degree in computer science and engineering from the University of Missouri-Columbia and a bachelor's degree in computer engineering from the University of Mumbai. He is married and has two children.

eeam was purchased by private equity firm Insight Partners in 2020 for an undisclosed price. While announcing Eswaran’s appointment in a statement on Thursday, the company said it had more than $1 billion in annual recurring revenue in 2021.

The new CEO said Veeam is well on the path to an initial public offering. “The company’s already been on a process of IPO readiness. There’s no more check boxes needed to take the company public,” Eswaran said.

Veeam has over 4,500 employees more than four lakh customers.