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Guavus Gets a New Top Dog

Sarah Thomas
10/3/2013

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.

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— Sarah Reedy, Senior Editor, Light Reading

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Sarah Thomas
Sarah Thomas
10/3/2013 | 9:30:10 AM
M&A
I was trying to dig into Goel's past for evidence of M&A. There's not much directly. NetApp did acquire a company, ionGrid, when he was there. And, he used to work at McKinsey, so could have advised on M&A deals. Even so, I don't think it's a stretch to say Guavus is a prime candidate for an IPO or acquisition. It'll be an exciting company to watch over the next year. 
calipers
calipers
10/3/2013 | 10:42:21 AM
Same Manish?
this is the same guy who missed 2 product cycles at NetApp by more than few years? just wanted to check..
Sarah Thomas
Sarah Thomas
10/3/2013 | 10:44:33 AM
Re: Same Manish?
Not sure about that, but it's this Manish: http://www.bizjournals.com/sanjose/news/2013/09/17/manish-goel-leaving-netapp-to-head.html It was actually announced that he was leaving the company for a "privately held analytics company" last month, but they didn't confirm it was Guavus until this morning.
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