![]() Before joining HP, Ali was CEO of the workforce optimization division for call center software maker Aspect Software. "He does not go in and wipe out management."Īli, who joined Hewlett-Packard as chief strategy officer in September 2012, reported to HP CEO Meg Whitman and was at one time a member of HP's executive committee. They could be like Warren Buffett, who goes in and buys companies, and then it's business as usual with some sharpening of the pencil to work smarter," said the solution provider CEO. The solution provider said he hopes that will continue under Ali, who has a solid grasp of software development and strategy, and the importance of an indirect sales channel.Īs for the J2 bid, the solution provider said it is unclear just what kind of impact the deal would have on the channel if J2 is successful. NEXT: A Carbonite Solution Provider Sounds Off On New CEO Appointment, J2 Hostile BidĪ Carbonite solution provider, who did not want to be identified, praised Carbonite's strong support of the channel and expanding corporate cloud backup product portfolio under Friend's leadership. The Ali appointment comes after a 10-month search for a replacement for Friend, who announced his intent to retire in February. Mohamad has the right background and skill set to lead the company as it continues to grow." "The company has a big future in the rapidly evolving cloud-first landscape, and to seize it we must execute with vision and excellence. ![]() "I am delighted to turn the reins over to someone of Mohamad's caliber," said Friend in a prepared statement. Neither Ali, who will join the Carbonite board of directors, nor Friend, noted the J2 buyout bid in the announcement of Ali's appointment. "We believe that numerous parties would be interested in the company and are confident that a strategic buyer interested in purchasing the company at a significant premium can be found," said Engine Capital LP Managing Partner Arnaud Ajdler in a letter to the Carbonite board. He also oversaw last year's $146-million acquisition of rival cloud storage provider Mozy from Dell Technologies.Carbonite responded to the J2 buyout bid with a statement that its board of directors would carefully review and consider the offer, taking into "account the company's current strategic plan and growth intitiatives."Įngine Capital LP, meanwhile, which owns 2.5 percent of Carbonite shares, urged the Carbonite board of directors to "immediately initiate" a process to sell the company. ![]() The biggest was the $618.5-million acquisition of cloud-based cybersecurity technology developer Webroot early this year. ![]() In addition to organically growing Carbonite's cloud storage business, Ali also led the company in a number of acquisitions. When Ali joined Carbonite, he succeeded Carbonite Co-Founder and CEO David Friend who went on to found cross-town rival data protection technology developer Wasabi. The company currently as a market capitalization of over $823 million. Īli (pictured) joined Carbonite in late 2014 at a time when the company had just rejected an offer by Los Angeles-based cloud services firm J2 Global to purchase the company for about $404 million. Munford also served as interim CEO at Vancouver, B.C.-based Absolute Software in 2018, and prior to that spent nine years at Oxford, U.K.-based Sophos, including nearly seven years as CEO. He also serves on the board of directors at several other IT companies, and is also chairman of Stockholm, Sweden-based Apica Systems. Munford has served as Carbonite's chairman of the board for over five-and-a-half years.
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