Salesforce.com CRM is set to part ways with its President Hilarie Koplow-McAdams.
Koplow-McAdams will be leaving the company where she occupied the position of President, Global Sales. Koplow-McAdams was tasked with focusing on growing the company's business globally.
Koplow-McAdams, a former executive at Oracle ORCL will be assuming the position as Chief Revenue Officer at New Relic, a fast growing software analytics company.
According to AllThingsD, Koplow-McAdams' departure at Salesforce was widely expected amid a broader shake-up on the company's executive team.
New Relic's main business is its cloud-based software that is used to monitor the performance of other softwares including Web apps, smartphone apps to ensure that it's running right. The company is in the final stages of finalizing its Rubicon Beta, a business intelligence engine.
“Earlier this year, I thought that if I could convince Hilarie to join us and complete Rubicon Beta, then everything else is just gravy, I would have done what I needed to do as CEO of the company,” New Relic's CEO Lew Cirne told AllThingsD.
“When I met Lew, it felt different,” Koplow-McAdams told AllthingsD. “This is a guy designing a product that people love. When I started talking to customers and analysts, I could not believe the warm reception that I got. That got me thinking.”
New Relic recently raised $80 million in a private equity round, bringing its total amount raised to $175 million since 2008. The company also recently hired Peter Currie, a long time Silicon Valley finance veteran to its board of directors. Currie also sits on the board at Twitter TWTR leading AllthingsD to describe the company as “starting to warm up the engines for an IPO.”
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in