Axcient Inc., a Mountain View, CA-based provider of cloud-based backup and recovery solutions for small- and medium-sized businesses (SMBs), said that it has hired a new chief financial officer, and operations and customer satisfaction vice presidents, moves the company suggested will help position it for a future public stock sale.
The company named John Finegan, a 35-year finance veteran, as its chief financial officer (CFO); Jeff Teddleton, a software-as-a-service (SaaS) specialist, will serve as the company’s operations vice president; and, Pam Lyra, a 20-year IT industry veteran, as vice president, customer satisfaction.
Prior to joining Axcient, Finegan served in a similar capacity at ShoreTel and Cornerstone, shepherding both of those companies’ initial public offerings (IPOs). Teddleton previously built a global IT team at WebEx and served as Zuora’s vice president, technology operations, while Lyra developed a global customer service presence for WebEx and Trimble.
Axcient, which reworked its channel partner program in April into three tiers based on commitment levels with benefits such as dedicated sales and marketing assistance, financial incentives and quarterly business planning, said that the three new executives together command 50 years of experience building high-growth companies and boast a history of successful IPOs.
"These key executives bring the vision and experience necessary for the accelerating growth of Axcient and will play a pivotal role as we continue to scale the company,” said Justin Moore, Axcient chief executive.
The company has been touting its successes, investment profile and technology of late, pointing to a 10-fold increase in the amount of customer data added to its cloud each day to 15,000GB daily by the end of 2011, a 400 percent spike in monthly recurring revenues, a doubling of the number of channel partners selling its technology in North America, the addition of more than 300 new features and functions to its platform, a team that now numbers some 100 people, and $15.5 million in Series C funding.