Allan Wallack President and CEO of Akorri

Akorri, Inc., in virtual infrastructure performance and capacity management for the data center, achieved its best fourth quarter in the history of the company, with Q4 2009 revenues increasing 134 percent over Q4 2008 and 82 percent over the previous quarter. In addition to a record Q4, Akorri experienced significant customer expansion in 2009, added 33 new US national and regional partners within its newly launched PartnerPoint channel program, and expanded into international markets by opening regional offices in the United Kingdom, Switzerland and Australia.

Allan Wallack

To lead the company during its next phase of growth, Akorri has appointed technology industry veteran executive Allan Wallack as President and CEO. Allan has spent the last 40 years leading high-profile startup companies through their early stages to IPO or acquisition.

"I am proud of our performance this year and am pleased to have a person of Allan’s caliber to lead us as we continue to expand," said John Gavin, COO at Akorri. "Allan’s vast technology and management experience, as well as his strong track record, illustrate his talent for growing businesses. I am very excited about the opportunities ahead of us."

Recently, Allan Wallack has held board, advisory, consulting and investing positions with numerous technology companies. Previously, Allan served as President and CEO of Spring Tide Networks, an IP services company purchased by Lucent Technologies; was Chairman, President and CEO of Chrysalis Symbolic Design, an electronic design automation software company purchased by Avanti Corp.; was President and CEO of Synernetics, a communications company which was bought by 3COM; was COO of COGNEX Corporation during its IPO; and Vice President of Marketing for MASSCOMP during its IPO. Allan began his career working at Digital Equipment Corporation where he held numerous engineering, marketing and management positions.

"I have been involved in the technology marketplace with a number of promising, leading edge companies, but I haven’t been inspired to take on the CEO role again until now," said Allan Wallack, CEO at Akorri. "After getting to know founder Richard Corley, the management team and Akorri’s unique and industry leading software, I believe the company has the right product at the right time and is extremely well positioned to exploit a high growth market opportunity. I’m looking forward to helping Akorri reach the next stage of its growth as a market leading software company."