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October 3, 2013
The big-data analytics company Guavus has snagged a new CEO, Manish Goel, who previously served as executive vice president of product operations at the storage and data management company NetApp.
Guavus announced the hiring Thursday morning and said Anukool Lakhina, the company's founder and previous CEO, "handpicked Goel as his successor." Lakhina will remain with the company in a yet-to-be-decided role that will let him work more closely with customers and "focus on innovation" as it seeks additional markets.
The company said in a press release that Goel will help the company further expand its analytics applications for communication service providers and enterprises globally.
Why this matters
Guavus announced its new CEO the same week it won a Leading Lights Award for Private Company of the Year. The innovative vendor landed the award because of its rapid growth, funding, and operator wins. It is now a prime candidate for an IPO or acquisition, with industry gossip citing Ericsson AB (Nasdaq: ERIC) as a potential buyer. What's more, it's operating in a hot space -- big-data analytics -- that has seen a rash of acquisitions of late. (See: Light Reading Announces 2013 Leading Lights Winners, IBM Acquires Analytics Expert, and 2013 Leading Lights Finalists: Company of the Year (Private).)
The seven-year-old company has raised more than $87 million in funding and acquired a rival, Neuralitic Systems. Its customers include Sprint Corp. (NYSE: S), Verizon Wireless , and possibly AT&T Inc. (NYSE: T).
Shaking up its senior management by bringing in a new CEO could be the next step in its path to going public or making itself more attractive to suitors.
— Sarah Reedy, Senior Editor, Light Reading
Director, Women in Comms
Sarah Thomas's love affair with communications began in 2003 when she bought her first cellphone, a pink RAZR, which she duly "bedazzled" with the help of superglue and her dad.
She joined the editorial staff at Light Reading in 2010 and has been covering mobile technologies ever since. Sarah got her start covering telecom in 2007 at Telephony, later Connected Planet, may it rest in peace. Her non-telecom work experience includes a brief foray into public relations at Fleishman-Hillard (her cussin' upset the clients) and a hodge-podge of internships, including spells at Ingram's (Kansas City's business magazine), American Spa magazine (where she was Chief Hot-Tub Correspondent), and the tweens' quiz bible, QuizFest, in NYC.
As Editorial Operations Director, a role she took on in January 2015, Sarah is responsible for the day-to-day management of the non-news content elements on Light Reading.
Sarah received her Bachelor's in Journalism from the University of Missouri-Columbia. She lives in Chicago with her 3DTV, her iPad and a drawer full of smartphone cords.
Away from the world of telecom journalism, Sarah likes to dabble in monster truck racing, becoming part of Team Bigfoot in 2009.
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