Lone Wolf Real Estate Technologies has appointed Patrick Arkeveld as its new chief executive officer. Lorne Wallace, founder and former CEO of Lone Wolf, will assume an active role as executive chairman, focusing on strategic growth opportunities, industry engagement and long-term corporate vision, the company says.
Vista Equity Partners, a private equity firm and an investor in Lone Wolf, is making additional investments in the business to “fuel product development, increase sales and cultivate customer success,” the company says.
Arkeveld served as president of Lone Wolf for the past year.
“I am very proud of how far we have come and I’m excited for our next chapter of growth under Patrick’s leadership,” says Wallace. “Patrick brings a wealth of operational knowledge in the software industry and I look forward to working with him and the entire leadership team as we continue to serve our customers.”
Prior to joining Lone Wolf, Arkeveld served as the president of Jonas Construction Group, a division of Constellation Software, a Canadian software company and international provider of enterprise management software and solutions. During his time at Jonas Software, he held a number of operational roles, which included spending time in the U.K. as the managing director of international operations, responsible for growing the Jonas brand in Europe, the Middle East and Africa.
“Already a market leader, Lone Wolf is in a great position to build its market presence through innovative products and exceptional customer service and we look forward to continuing and strengthening our partnership with the leadership team,” says Alan Cline, principal at Vista Equity Partners. “Lorne has built a very strong business and we are thankful that he will continue to play an active role. Patrick is an exceptional leader and we look forward to working with him as he guides the company into its next phase of growth.”