Kinetica Accelerates Worldwide Growth, Names Paul Appleby CEO; Appoints First CFO
Kinetica, provider of the world’s fastest next-generation analytics database, today announced the appointment of Paul Appleby as chief executive officer as the company accelerates momentum in enabling real-time applications for greater business value. Appleby has spent his career successfully building and leading global teams for industry brands and startups alike, most recently at BMC Software as president, worldwide sales and marketing. Prior to BMC Software, he also held executive leadership roles at Salesforce, C3 IoT, and Siebel Systems.
“Kinetica is fortunate to attract someone with Paul’s experience and proven track record to lead the company as it experiences hyper-growth in the U.S. and rapid expansion internationally,” said Ray Lane, managing partner of GreatPoint Ventures and board member of Kinetica. “2017 has been a breakout year for Kinetica, doubling headcount while it onboards and grows new customers and partners around the globe. There is considerable demand today for Kinetica’s speed and capabilities produced by its native GPU-accelerated, in-memory architecture. Paul recognizes the strategic nature of the enterprise data challenges Fortune 2000 companies face, and how Kinetica can accelerate real-time insights from any data sources, regardless of volume, velocity and structure. Paul’s proven experience leading global growth teams, plus the drive to take Kinetica to the next level, makes him a unique choice for Kinetica.”
Appleby, a respected industry veteran, will be tasked with furthering Kinetica’s domestic and international expansion and rapid growth. This move follows several outstanding 2017 accomplishments, including adoption by major Fortune 2000 brands such as Caesars Entertainment, GlaxoSmithKline, Lippo Group, PG&E, USPS; a $50 million Series A financing; and key partnerships with major hardware and cloud vendors including NVIDIA, Amazon, Google, and Microsoft.
“We are in the midst of a data revolution, with enterprises generating more massive volumes of rich data from applications, mobiles, and connected devices than ever before,” said Appleby. “Kinetica is thrilled to be working with customers such as GlaxoSmithKline to transform their data into business currency that drives differentiation, expansion and new vectors of growth.”
With Paul’s arrival, Kinetica founder and previous CEO Amit Vij will assume the role of president and chief strategy officer. Kinetica also appointed Bryan Morris as chief financial officer, who will report directly to CEO Paul Appleby and lead financial and administrative operations. Morris brings over 15 years of executive leadership in VC-backed start-ups and has been chief financial officer at three prior enterprise software start-ups. Most recently, Morris was CFO at Xamarin, a leader in enterprise mobility software that was acquired by Microsoft in 2016. Morris led the finance and operations teams through a period of rapid growth and international expansion before helping lead the M&A process and related integration efforts into Microsoft.
“Bryan’s experience with high-growth, VC-backed software companies from early revenue to successful M&A exits and his rigorous approach to financial management make him an excellent fit for Kinetica’s senior management team as we embark on this next phase of accelerated growth,” said Appleby.