SOURCE: QASymphony

QASymphony

July 19, 2016 09:00 ET

QASymphony Announces Appointment of Mike Vandiver as CFO After a Record-Setting Q2

Experienced Technology CFO Joins QASymphony to Help Scale the Business for Future Growth

ATLANTA, GA--(Marketwired - Jul 19, 2016) - QASymphony, a leader in modern test management software, announces the appointment of experienced technology executive Mike Vandiver to Chief Financial Officer. In this role, Vandiver will oversee the company's financial operations and help scale the business for future growth.

Vandiver previously held CFO positions at several high-growth technology companies. Most recently he was CFO at Pindrop Security where he helped raise a $75 million Series C round of funding led by Google Capital. Prior to Pindrop, Vandiver served as CFO of Ingenious Med, a privately held healthcare software technology company. He also served for 10 years as EVP and CFO of SecureWorks where he helped grow that business from $1 million to $140 million in annualized revenue, leading to its acquisition by Dell in 2011 for over $600 million.

Vandiver joins QASymphony after a record setting Q2. The following are some key accomplishments:

  • Year-over-year revenue growth of nearly 200%
  • Added several new enterprise customers including Boeing, Air Canada, DuPont, Sony, Robert Half and Frost Bank
  • Held first annual user conference with over 200 attendees
  • Recipient of the Red Herring Top 100 Award
  • Opened a London sales office and hired experienced software account executives to accelerate European growth
  • Expanded relationships with several current customers including Cox Automotive, Pearson and Visa
  • Completed a debt financing with Bridge Bank adding an additional $3 million capacity to further strengthen its balance sheet
  • Grew channel with the addition of several new Atlassian Partners including Manageware and Go2Group

"Mike and I have been friends for over 30 years and I have watched him become one of the top tech CFOs in the Southeast," says Dave Keil, CEO of QASymphony. "I can't tell you how excited I am that he is joining our leadership team. Mike knows what it takes to build an early stage company to $100 million+ having done this when he was a key part of the team at SecureWorks. His operational, financial and leadership talents are exactly what we need to take our company to the next level."

"I have been following QASymphony for several years and have been very impressed by what they have accomplished," says Vandiver. "I'm excited to join this talented team and help them scale the business for much bigger things in the future."

About QASymphony
QASymphony helps companies create better software by being the only provider of truly enterprise-level agile testing tools. With QASymphony's solutions, businesses have the visibility and control needed to ensure application quality in fast-paced development environments. Companies like Adobe, Barclays, Salesforce and Office Depot trust QASymphony to improve their teams' communication, productivity and collaboration. QASymphony is headquartered in Atlanta, GA. To learn more, visit www.qasymphony.com.

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