SOURCE: Actiance

Actiance

May 26, 2016 08:00 ET

Actiance Appoints Seasoned Chief Financial Officer to Support Rapid Growth

New CFO Naresh Bansal Brings Broad Experience in Scaling Financial Infrastructure at Software Companies

REDWOOD CITY, CA--(Marketwired - May 26, 2016) - Actiance, the leader in communications compliance, archiving, and analytics, today announced the appointment of Naresh Bansal as chief financial officer. Naresh is an experienced finance executive, bringing 20 years of financial management for private and public companies, including over 10 years of executive leadership for software-as-a-service (SaaS) companies. His experience at both private and public companies equip him to provide financial, strategic, and operational leadership to Actiance, helping to drive its growth trajectory.

"Actiance saw explosive traction in 2015 with partners and customers, and we expect even stronger demand in 2016," said Kailash Ambwani, CEO, Actiance. "Naresh will play a critical role as we continue to map out strategies for long-term growth and augment our financial structure to support fiscal management, profitability, and success. His experience as an operational CFO for highly successful companies will be invaluable to us. More importantly, he knows software-as-a-service (SaaS) inside and out, and has successfully scaled operations at companies in our exact growth stage."

Naresh has held executive finance positions at start-up to late stage companies, including Zscaler, Satmetrix Systems, Sage Software, and ACCPAC International. He has extensive experience with building finance teams, creating processes and systems, and taking companies through the IPO process. Most recently, Naresh served as vice president of Finance at Zscaler where he established and led financial operations and helped drive over five times monthly recurring revenue growth.

"Actiance's industry leadership is a testament to its remarkable talent and proven technology, and I'm honored to be joining the team," said Naresh Bansal, CFO, Actiance. "In my many years working with start-up and high-growth technology businesses, I can't think of a technology opportunity more properly aligned with a market need as what we have in front of us at Actiance."

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About Actiance
Actiance is the leader in communications compliance, archiving, and analytics. We provide compliance across the broadest set of communications and social channels with insights on what's being captured. Actiance customers manage over 500 million daily conversations across 70 channels and growing. Customers include the top 10 U.S., top 5 Canadian and top 8 European, and top 3 Asian banks. The Actiance advantage is customers stay ahead of compliance and uncover patterns and relationships hidden within their data. Learn more at www.actiance.com.

Actiance headquarters are in Redwood City, California. For more information, visit http://www.actiance.com or call 1-888-349-3223.