Today, we are proud to announce two significant developments that will fuel our next phase of growth.
Chris Babel, a transformative leader with a 20+ year track record of driving customer success, partner growth, and global operations, is joining Arcserve as Chief Executive Officer.
At the same time, our long-term financial backers, H.I.G. WhiteHorse and Monroe Capital are making a substantial investment to accelerate the development and delivery of our innovative, reliable data protection and recovery solutions.
"We are thrilled to welcome Chris Babel as the new CEO of Arcserve," noted Mark Bernier, Managing Director at H.I.G. WhiteHorse. "Chris is a transformative leader and industry visionary who brings significant experience in establishing businesses as global leaders in the security arena. Our customers face an expanding threat landscape, and we are confident that Chris is the right person to lead the company as it continues its mission to keep global businesses and their data secure."
"Arcserve's track record of innovation and customer commitment positions it at the forefront of the rapidly evolving data resilience market. We are excited to support the company as it enters this next chapter of growth," said Matt London, Managing Director at Monroe Capital. "Our investment will allow Arcserve to continue developing customer-centric innovative products and solutions globally. We look forward to supporting Chris and the leadership team as they enable more organizations to protect, access, and leverage their data through any challenge."
Arcserve remains committed to helping companies protect and recover their data and increase its value. Babel joins Arcserve from TrustArc, where he was CEO from 2010 to 2023 and turned the company into a global leader in privacy compliance and risk management. His prior experience includes leadership roles of increasing complexity and impact at Verisign, where he ran the global security business, solving customer needs in over 150 countries.
"Every day, the volume and value of data grows for businesses. Data has truly become business-critical and the lifeblood of organizations, making it imperative for businesses to ensure its availability," said Arcserve's new CEO, Chris Babel. "With this investment, we will accelerate Arcserve's development of innovative offerings and help businesses address the crucial challenge of protecting and leveraging their data in the face of increasing cyber threats and AI opportunities."
