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Sign into your accountMeet Patrick Arkeveld, Lone Wolf's New CEO
July 27 2016
Recently, Lone Wolf founder Lorne Wallace stepped up to the role of Executive Chairman of the real estate software firm and appointed Patrick Arkeveld to step in as Chief Executive Officer. The transition came at a key time in the evolution of Lone Wolf. The firm has been on an aggressive path of launching new products and acquiring real estate technology companies, warranting an additional capital investment by partner firm Vista Equity Partners. WAV Group founder Victor Lund connected with Mr. Arkeveld to create this article for RE Technology's "Follow the Leader" series.
Everyone who knows Lone Wolf's founder, Lorne Wallace, understands that his core passion in business comes from his love of the real estate industry coupled with a deep understanding of accounting and operational best practices within a real estate brokerage. Lone Wolf grew from 50 employees to more than 300, causing the founder to seek ways to strengthen Lone Wolf's bench by engaging specific operational expertise from large software companies. "There are a lot of great software products in the market today. But there is a difference between having a great product and running a great software business. That is why I brought on Patrick Arkeveld," says Lorne Wallace.
Patrick Arkeveld joins Lone Wolf from Constellation Software, the global software conglomeration that operates hundreds of software products across multiple industries. Constellation trades on the Toronto Stock Exchange at a $10 billion valuation (TSE:CSU). While at Constellation Software, Mr. Arkeveld worked in a wide variety of industries, ranging from product groups with $2 million in sales to groups with in excess of $100 million in sales. In many ways, Constellation is a huge version of Lone Wolf. Coupled with onboarding Arkeveld, Wallace has engaged the operational excellence of the consulting group within Vista Equity Partners. With Vista's guidancem coupled with Arkeveld's executional expertise, Wallace believes that his firm is poised for exceptional growth while continuing to enhance their product development, and all the while focusing on customer satisfaction. Patrick's LinkedIn profile is here.