6. Kerry Grimes, Aveva

Aveva says its acquisition last month by Schneider Electric will accelerate its switch to a subscription-only business model.

Schneider Electric has owned 60% of Aveva since a reverse takeover in 2017. The recent acquisition saw the French firm buy the rest of Aveva in a deal worth nearly $11 billion.

Now Aveva says it want to become “the leading provider of software and industrial software applications and data platforms.”

Kerry Grimes is head of global partners at Aveva. He made waves when he said the company was transitioning to a subscription-based and hybrid cloud business model.

“Our customers will have the option to pay for our software on a recurring basis and have access to updates and support,” he said.

Learn how the Schneider acquisition will provide the necessary resources and support to transition to this model.