Intronis CEO Change -- But Cloud Storage, MSP Growth Continues
Intronis CEO Kent Plunkett (pictured, l.) has resigned from the cloud backup and online storage company to pursue new opportunities.
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Intronis CEO Kent Plunkett (pictured, l.) has resigned from the cloud backup and online storage company to pursue new opportunities. Jay Bolgatz (r.), VP of engineering and development, has been named interim CEO. Intronis’s focus on MSPs and Channel Chief Ted Roller remain in place, and the company is “certainly on plan. We’re crushing it,” in terms of meeting internal 2012 financial goals, according to Bolgatz.OpenView Venture Partners, the company’s venture capitalist, has hired an executive search firm and also formed a committee to evaluate internal and external CEO candidates.
The Intronis CEO change comes amid continued growth at the company, but the MSP-centric storage market — on-premises, mobile and in the cloud — has become fiercely competitive. “As far as we’re concerned we see nothing but opportunity ahead,” said Bolgatz. “We’re doubling down investment in R&D, sales and marketing. Our focus, vision, and product strategy all remains in place. It’s all about the channel.”
This is the second Intronis CEO change in roughly two years. Former CEO Plunkett joined Intronis in November 2010, succeeding company co-founder Sam Gutmann. The company touted Plunkett’s previous SaaS experience at Salary.com, which he eventually took public. Intronis revenues more than doubled during Plunkett’s tenure, and the company has frequently appeared on the Inc. 5000 list of America’s fastest-growing privately held businesses. Plunkett pumped his own money into Intronis, joining a $3.85 million investment round earlier this year. He remains an investor in the company.
Interim CEO Jay Bolgatz, meanwhile, is a 25-year veteran of commercial software development. He joined Intronis in May 2010 as VP of engineering. His resume includes key development posts at Exit41, Iron Mountain, Informix and Digital Equipment (among other companies). Intronis says Bolgatz has deep experience leading cross-functional teams, multi-site engineering efforts, and off-shore development and testing. Bolgatz has no previous CEO experience, but two sources who have worked with Bolgatz during previous career stops say he is a born leader.