Parallels Names David Arkley as CFO

Parallels, a provider of cloud services enablement and desktop virtualisation software, has appointed David Arkley as chief financial officer (CFO). Parallels generates more than US$100m in revenue and employs a global workforce of over 800 staff across the US, Europe and Asia.

Arkley joins Parallels’ leadership team with a seasoned background as an insightful financial expert and advisor. He will be a key contributor for shaping the company’s future direction as it continues its growth trajectory. He brings more than 20 years of experience in financial services and strategy, most recently in a senior financial role with Itron, a provider of energy and water resource management solutions for nearly 8,000 utilities in 130 countries around the world.

Arkley served in a variety of roles within Itron, including as CFO of Itron North America, where he was critical in positioning the domestic business to grow to US$1bn plus in revenue, and as vice president of mergers and acquisitions, where he led the US$1.7bn acquisition of Actaris Metering Systems.


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