VCE Names 19-Year Cisco Vet Praveen Akkiraju CEO; John Chambers Comments

Praveen Akkiraju

VCE has appointed 19-year Cisco Systems (NASDAQ: CSCO) veteran Praveen Akkiraju CEO, VCE announced Thursday.

VCE also announced he and President Frank Hauck will join VCE’s board of directors.

Cisco and EMC formed VCE in late 2009, with VMware and Intel (NASDAQ: INTC) also contributing investments.

Akkiraju said in a release the cloud computing market is potentially worth $50 billion over the next few years.

Converged infrastructure for cloud-based computing models is a key part of Cisco’s cloud and data center strategy, said Chairman and CEO John Chambers.

At Cisco, he most previously served as senior vice president and general manager for the company’s services routing technology group, where he helped deliver cloud infrastructure and integrated networking services products.

VCE said he led business units across the enterprise, service provider and commercial market segments, with responsibility for setting direction for next generation enterprise architecture.

That responsibility also included integrating security and application awareness with the network and cloud infrastructure.

VCE has 1,200 employees and a nearly one-billion dollar annualized order run rate, the company said.

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