SOURCE: Mindjet

Mindjet

March 24, 2014 09:00 ET

Mindjet Announces Two New Executive Hires Amidst Strong Customer Momentum

Mindjet Is the Enterprise SaaS Engine for Innovation Programs That Keeps Business Growth Repeatable and Predictable

SAN FRANCISCO, CA--(Marketwired - Mar 24, 2014) - Mindjet, the world's leading enterprise SaaS platform for Innovation Management, today announced two new executive hires. Steve Anderson joins the company as Chief Financial Officer and Todd Clyde joins as Executive Vice President Global Field Operations.

The new hires come on the heels of pro forma year-over-year subscription revenue growth of 38%. In Q4 2013 alone, Mindjet signed 14 new enterprise customers to its SpigitEngage platform, including Pfizer, Cigna, ADGAS, and Amway, among others.

As EVP Global Field Operations, Mr. Clyde is responsible for the strategy and operations of customer-facing functions including sales, services, and support. Prior to Mindjet, Mr. Clyde was the EVP Sales & Marketing and General Manager for Monitise (Clairmail) a provider of enterprise software for mobile banking and payments. Prior to Monitise, he ran sales for two software companies focused on master data management and human capital management respectively. Mr. Clyde also worked at Accenture for 12 years as part of the industrial products and high tech practices.

"With 80% of the Fortune 500 using its visual thinking tools, I was familiar with Mindjet as the leader in innovation software for individuals and teams. I was also aware that analysts had identified SpigitEngage as the leader in the emerging software category of Enterprise Innovation Management," said Clyde. "I believe that the combination of these two companies has created one of the fastest growing innovation companies in the world. I also believe we are only seeing the start of what will soon become a mandate for organizations to better source and evaluate ideas and also to improve visibility and management of the entire innovation process."

As CFO, Mr. Anderson brings more than 25 years of financial experience to Mindjet, with venture-backed and publicly traded technology companies. He has a successful record of helping grow and manage companies through rapid domestic and international expansion, strategic fundraising, and mergers and acquisitions. Prior to Mindjet, Mr. Anderson was the CFO for Clairmail, a provider of enterprise software for mobile banking and payments. Prior to Clairmail, Mr. Anderson was CFO of Good Technology, Trigo Technologies, Capstan Systems and Navis. Mr. Anderson began his career at Arthur Andersen & Co.

"I'm very excited to be joining Mindjet and to work closely with Scott and his team," says Anderson. "Mindjet just finished a year that saw tremendous revenue growth and a successful acquisition of Spigit so it's an exciting time to look toward the future and help increase the company's visibility in the innovation space."

ABOUT MINDJET

Mindjet is committed to enterprise innovation excellence. We provide the first software platform with the capability to drive repeatable business innovation at scale. Our enterprise-ready innovation management suite, featuring SpigitEngage and MindManager, is used by millions and over 83% of the Fortune 100. We enable the world's leading brands to build and manage sustainable innovation programs with social dynamics, purposeful collaboration, crowd science, and analytics to surface and develop the best ideas then bring them to market. Mindjet is headquartered in San Francisco with offices throughout the US, UK, France, Germany, Japan, and Australia.