Virtualization Technology News and Information
Hyperic Names Industry Veteran as New Chief Financial Officer
Open source web infrastructure management provider Hyperic Inc., today announced it has named Kathryn Rose as chief financial officer (CFO). In this newly created position, Rose will be responsible for the companys financial operations plan as well as being part of the executive team that sets strategic direction. Her extensive experience gained at both start-ups and Fortune 100 companies will bring added momentum to the program of fast-paced growth currently in place at Hyperic.

Rose brings nearly 20 years expertise in financial management and capital markets at both large public companies and smaller, privately held startupsmuch of that in the tech sectorto Hyperic. Her CFO-level roles include successful tenures at global consumer products company Leapfrog as well as at Autodesk, Sage Systems and Foresight Energy Company. She has also held high-level financial positions at Merrill Lynch and Chevron. Roses work ranges from raising $200 million in venture capital, to tight integration of financial and strategic functions across global enterprises to increase profitability.

In the past two years, San Francisco based startup, Hyperic has built relationships with 500 customers, set up production deployments in over 80 countries and established more than 30 strategic partnerships. The company also increased its staffing from the original 5 man team of founders to over 50 people in 5 locations including a new office opened in London last month.

I am extremely excited to be joining Hyperic. This is an incredible opportunity to work for an organization that is at the forefront of one of the biggest technology evolutions the market has seen cloud computing. This market has immense potential essentially lowering the barriers and risks of any entrepreneur to use IT in a more manageable, affordable, and scalable way, said Rose. I am looking forward to working with the rest of the leadership team to build on the existing growth and momentum.

Rose holds an MBA in finance from the University of California at Berkeley, and a BA from the University of Texas, Austin.

"The role of CFO at a modern, venture-backed start-up is about so much more than balancing the books. Kathryn brings the knowledge and track record of a successful CFO, along with deep experience in leveraging capital for growth, said Hyperic CEO Javier Soltero. Her leadership will not only ensure the operational diligence usually associated with the position of CFO, but will also add the necessary expertise in focusing Hyperics business strategy drive profitable growth in an emerging market despite complex economic conditions.

Published Monday, October 06, 2008 6:49 PM by David Marshall
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