Xevo Seeks New CEO
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ASP infrastructure vendor Xevo Corp has begun the search for a new CEO, having parted company with former incumbent Rick Hronicek on Friday (Nov 17th).
"Rick has done a great job helping us grow the company to over 80 employees and through the release of our product," company founder Hal Chapel told ASP News in a briefing yesterday.
Hronicek joined in August 1999, ahead of the initial launch of the company's ASP Workbench product in September that year. He had previously led the Siebel practice at pioneering ASP startup USinternetworking.
The main reason for the change of CEO is a change in the scale of Xevo's prospect customer base, rather than any internal reasons, said Chapel. "This has nothing to do with Xevo, ASP Workbench continues to evolve."
Whereas Xevo had previously targetted ASP startups such as Futurelink and Telecomputing, it is now selling to established telcos and infrastructure hosting providers, he explained. "This is a larger opportunity and this is the time for us to grab it."
Chapel has stepped in as acting CEO while the company initiates an executive search for a replacement.
Xevo's software automates the provisioning and management of applications in an ASP data center. Last month, the privately-held company announced closing a $20m funding round led by corporate backers Cisco Systems, KPMG Consulting and Portal Software. See related ASP News story on internetnews.com, Xevo Raises Round, Strengthens Ties With ASP Players, Oct 13th 2000. It also announced opening a European sales office in Sophia Antipolis, France.