San Mateo, Calif.-based Apttus, a quote-to-cash solution provider, has named Sydney Carey as chief financial officer to prepare for its forthcoming initial public offering.

Carey brings experience with public companies and pre-IPO organizations to the role, and will report to Apttus CEO and co-founder Kirk Krappe. 

Carey’s financial experience includes more than two decades of strategic and operational roles. 

sydney carey

“Sydney’s extraordinary demeanor, experience and capability made her an instant fit with Apttus,” Krappe said. “We need experience like hers to match our tremendous growth and uniquely successful business model.”

Prior to Apttus, Carey served as CFO at Zscaler, CFO at MongoDB and spent nine years at TIBCO, a $3 billion infrastructure software company, most recently as executive vice president and CFO.

“Apttus has a long history of revenue growth, innovation, global expansion, and a tremendous list of blue-chip customers,” Carey said. “Finding a company that creates revenue success for the largest organizations in the world creates a rare, exciting opportunity that made for an obvious and natural next step in my career.”

In other enterprise technology software news ...

Workfront Hires CEO

alex shootman

Workfront has a new CEO.

The Lehi, Utah-based provider of cloud-based enterprise work management solutions has hired Alex Shootman as the company’s president and CEO. He will also serve as a member of its Board of Directors.

Eric Morgan served as CEO from 2011 until February of this year when he was replaced by Interim CEO Susan Carstensen.

Shootman brings more than 25 years of experience in all areas of revenue and profit generation for technology organizations, with experience for Software-as-a-Service (SaaS)-based organizations. 

Most recently, Shootman was the president for worldwide field operations of Apptio. Prior to Apptio, Shootman was the president of Eloqua, where he was part of the team that helped bring Eloqua to a public offering and acquisition by Oracle. Shootman has also held executive-level positions with Vignette, TeleTech, BMC Software and IBM.

“Alex is a leader befitting the kind of company Workfront is and who its people represent; authentic and driven,” Scott Johnson, Workfront chairman of the board, stated in the announcement. “We spent significant time and energy searching for the right leader to take Workfront through our next growth stage. Alex brings exceptional leadership skills, relevant market experience, and a track-record of growing businesses at a fast pace.”

Workfront was named a leader in the Gartner Inc. 2016 Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services for the fifth consecutive year and was also listed as a leader in the Gartner Inc. 2016 Magic Quadrant for Marketing Resource Management.

Veriflow Secures $8.2 Million  

San Jose, Calif.-based Veriflow, which provides network breach and outage prevention, announced today it has raised $8.2 million in Series A funding.

Menlo Ventures led the round along with current investor New Enterprise Associates (NEA). The company will use the funding to build its sales force, hire new engineering talent and increase marketing efforts.

"The feedback from customers and analysts indicates the market is ready for a new approach to network breach and outage prevention,” said James Brear, president and CEO of Veriflow. “Our use of mathematical network verification, grounded in data-plane information, gives customers a proactive approach to identifying vulnerabilities before they are exposed to catastrophic problems.” 

Veriflow’s technology secures networks with algorithms that predict all possible network-wide data flow, without waiting for that traffic to occur. This technique pinpoints vulnerabilities in the realization of network-wide security and resilience policies, such as network segmentation, service availability and network compliance standards like PCI and HIPAA, company officials said.

Brear was previously CEO of Procera until its acquisition in August 2015. 

Crownpeak Launches New Logo, Company Expansion

Los Angeles digital experience and digital quality management provider Crownpeak has a new look and website

The developments signify the final phase of integration with ActiveStandards since merging in April. The combined company will move forward under the Crownpeak name.

crownpeak new logo

The company, which has offices in London, has also expanded to Denver. Crownpeak also named Allan Stewart as global VP of sales, Frank Ronchetti as CFO and J.J. Gorsuch as VP of products.

“This is a defining moment for Crownpeak and the future could not be brighter for our customers, our partners and our employees,” said Jim Yares, CEO of Crownpeak. “Two great companies have come together to offer something truly unique in digital marketing. First and foremost, our top goal remains to empower our customers to delight theirs by providing sophisticated solutions that deliver exceptional experiences across all digital touchpoints.”

Stewart comes to Crownpeak as global VP of sales from Cloudera where he more than doubled the size of his sales team and helped grow the business 100 percent year over year during his tenure. 

Ronchetti is an entrepreneur and finance professional with more than 20 years of domestic and international experience with organizations including GE Equity, Biodesix and NetRegulus

Gorsuch brings experience in product development and marketing through roles with DigitalGlobe, TriZetto and CSG International.

Crownpeak also launched the new Crownpeak Support Community. This introductory service replaces Crownpeak’s existing email-to-case support service with a fully featured support environment. 

Medallia Appoints Chief Information Officer

Ashwin Ballal

Palo Alto, Calif.-based Medallia, which provides customer experience management software, has appointed Ashwin Ballal as the company’s first CIO. 

Ballal, who has more than 20 years of executive experience, will assume global responsibility for Medallia’s information services organization.

“After getting to know Medallia — its team, customers, partners, investors — I realized that this is a once-in-a-decade opportunity,” said Ballal. “Medallia is the leading software provider in a mission-critical business category. Its platform helps the world’s most admired companies eliminate customer pain points and create new value for customers at scale. It’s the future of how companies relate to customers, and I can’t wait to get started.”

Ballal had been chief information for intelligence and data officer for KLA-Tencor. Ballal earned his PhD and postdoctorate degrees in materials science and engineering from the University of Maryland at College Park and a bachelor's degree in metallurgy from India’s National Institute of Technology.

SpringCM Raises $17.5 Million 

SpringCM, a Chicago-based sales contract management solution for Salesforce customers, announced it received $17.5 million in funding from existing investors. The investors include Foundation Capital, North Bridge Venture Partners, Bluestem Capital and Square 1 Financial, as well as new financial partners Panorama Partners and Wellington Financial.

SpringCM’s sales contract lifecycle management platform streamlines contract processes for sales and legal teams in order to accelerate revenue growth, reduce costs and increase efficiency by bridging the gap between sales and legal, according to company officials.

SpringCM is currently on track to deliver six new product releases this year.

“With a leading contract management app on the Salesforce AppExchange, a sales content management solution designed for Salesforce users, and a document management platform that also addresses the unique needs of the public sector, SpringCM is well-positioned to take advantage of three very large markets,” said Greg Buchholz, CEO of SpringCM.  

WISP Targets Polls for HR Managers

WISP, a mobile HR solution, announced an update that will allow HR managers to create polls and make the results available on WISP-linked employee devices. Employees will also be able to share files in all formats of up to 200MB.

The WISP update also offers the ability for employees to share their status (online/offline) and see the status of sent messages (delivered/read).

WISP also now integrates with BambooHR. WISP clients who use this international online system will be able to sync their existing lists of employees with WISP.

“We never stop updating and upgrading our service,” said Vera Reshetina, CEO of WISP. “By responding to our customers’ feedback and modern trends, we try to keep the list of available features up to shape. Now we have added new functionalities that will allow companies to remain even closer to their employees and, as a result, to work more productively. We hope these new WISP features will help you to track your company’s activities as it grows and evolves.”

EBay Gets AMPed Up

EBay is working to deliver faster mobile browsing experiences leveraging the open source AMP Project, the company announced.

“One of the top initiatives for eBay this year is to leverage our structured data and other cutting-edge technologies to deliver the best possible browsing experiences for our users,” eBay officials wrote in a blog post. “We’re also well aware of the profound shifts in commerce being driven by mobile shopping. That’s why several of our new, compelling browsing experiences are rolling out for mobile devices users.” 

AMP stands for Accelerated Mobile Pages, a framework Google introduced in Oct. 2015 that has gained traction with publishers and technology companies. Initially, AMP was primarily tuned for publishing-based content, but eBay officials believe it has much promise for the e-commerce world.

Senthil Padmanabhan, principal engineer/engineering director, said that when users click from a link on a mobile device, they are not sure what sort of experience they’re going to get.

“When you build out pages with AMP you are consistently guiding users to a solid, fast user experience,” he said. “Working with AMP includes leveraging best practices that ensure the best mobile web experiences.” 

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