GrowthCap’s Top 25 CEOs in B2B Software

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1/2/2015 GrowthCaps Top 25 CEOs in B2B Software | GrowthCap Insights https://growthcap.co/articles/?p=316 1/16 LOG IN HOME  INSIGHTS  COMPANIES INVESTORS  ABOUT US GrowthCap has compiled a list of the Top 25 CEOs in the B2B Software space. These impressive executives have helped build their fast-growing companies into industry leaders by leveraging their wide-ranging expertise and talent. Rankings were based on revenue growth, dominance in their field, capital raised, and overall career performance. See the full list and insights from the industry’s top CEOs below: “I am fortunate enough to be leading a company and a terrific team in a very hot market. My focus has always been, and continues to be, on four        things: vision, strategy, culture, and team. It’s very gratifying to see the results.” Raghu Raghavan, CEO of Act-On Software RANKINGS GROWTHCAP’S TOP 25 CEOS IN B2B SOFTWARE SEPTEMBER 2014

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“My mission is to make the web a better place by giving marketers the

tools they need to create transparent, authentic, and powerful

relationships with customers. One of the secrets to Moz’s success so far

is our community of employees, customers, and vendors.” – Sarah Bird,

CEO of Moz

1 BRIAN HALLIGAN

Company: HubSpot

Title: Co-Founder, CEO

In 2014, Brian was chosen as one of Glassdoor’s 25 Highest Rated CEOs. He leads

HubSpot, a leading inbound marketing and sales platform that serves over 11,000

customers in 70 countries. In 2013, HubSpot’s revenue grew 48% to $77.6 million and

239 new employees were added for a total of 668 overall. Before starting HubSpot,Brian was a Venture Partner at Longworth Ventures, a technology focused venture

capital firm. He serves on the Board of Directors at House of Possibilities and the

Massachusetts Innovation and Technology Exchange.

2 TOD SACERDOTI

Company: BrightRoll

Title: Founder, CEO

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Tod has created the only independent video advertising platform for viewers across

web, mobile, and TV networks. BrightRoll supports 90% of the top 50 U.S. advertisers

in digital video advertising. Prior to launching BrightRoll in 2006, Tod held senior

positions with Plaxo and Spoke software. He has scaled the company to close to 400

employees aided in part by $46 million in venture funding. Before earning his MBA at

Stanford, Tod was an investment banker with Robertson Stephens. Tod is an investor

in ReTargeter and Magnetic.

3 PRIYA IYER

Company: Anaqua

Title: CEO, Chairman

Since joining Anaqua in 2005, Priya has led the company’s global growth leveraging

her two decades of experience in the software industry. Previously, Priya held

leadership positions at Agency.com, AT&T Bell Labs, and Westinghouse Tata. Anaqua

offers enterprise software to help companies manage and monetize their intellectual

property and assets. The Boston-based company, which currently helps manage $500

billion worth of IP assets, closed a $25 million investment from Bessemer Venture

Partners in 2013. Priya earned her BA, MS and MBA from MIT.

4 COREY THOMAS

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Company: Rapid7

Title: CEO, President

After leadership positions with Parallels and Microsoft, Corey now focuses on bringing

Rapid7 to the next stage of growth and innovation. Rapid7 offers IT and data security

solutions to 3,000 enterprises, over 250 of which are Fortune 1000 companies. The

Boston-based company has raised over $60 million to date from notable investors suchas Technology Crossover Ventures and Bain Capital Ventures. Corey earned his MBA

from Harvard where he was a Baker Scholar.

5 ALAN GOULD

Company: uSamp

Title: CEO

Prior to leading uSamp, Alan founded and served as CEO of IAG Research until it was

sold to Nielsen for $250 million. uSamp is a survey technology that offers business and

marketing insights in real-time. The California-based company of 220+ team members

worldwide has gathered over a billion data points of actionable marketing insights. Alan

is a venture partner at Greycroft Partners and has served on the Board of Directors at

several companies, including AppAnnie, CrowdComputing, READ Alliance, Netsertive,

Harris Interactive, and VIZU.

6 ROBERT BRENNAN

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Company: Veracode

Title: CEO

Prior to Veracode, Brennan was the President and CEO of Iron Mountain, a publicly

traded information security and services company. At Iron Mountain, he oversaw

operations in 39 countries, and grew revenue from $1.8 billion in 2004 to $3.1 billion in

2010. As CEO of Veracode, he leads the Company in offering a cloud-based service for

securing web, mobile, and third party applications for enterprises. Veracode has seen

significant growth, with annual revenue now estimated to exceed $60 million. The

Company has made several key recent hires as it prepares to test the capital markets

with a potential IPO.

7 COLIN DAY

Company: iCIMS

Title: Founder, CEO, President

Colin founded iCIMS in 1999. The Company offers a SaaS platform that allows

companies to streamline and manage their talent acquisition systems. Based in New

Jersey, the company has expanded to offices across North America, the U.K., and

China, and currently serves over 2,200 clients globally. Colin was twice named Fast

Company’s Top 5 forward-thinking innovators and in 2007 was Ernst & Young’s

Entrepreneur of the Year in IT Software. Colin graduated from Cornell with a degree in

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Psychology.

8 THOMAS ERICKSON

Company: Acquia

Title: Founding Director, CEO

Since joining in 2009, Tom has overseen business strategy and led the company to

exponential growth. The Drupal hosting company was named the fastest growing

private company according to Deloitte’s 2013 Technology Fast 500. Acquia is now in 11

countries and has 5 US offices. The company recently received an undisclosed

investment from Amazon, only three months after raising $50 million. Acquia has raised

over $120 million to date. Prior to leading Acquia, Tom served as Chief Products Officer

of TeleAtlas until it was sold to TomTom. Tom has over 30 years of career experience

with enterprise software.

9 MICHAEL LEE

Company: Airclic

Title: CEO

Prior to Airclic, Michael held senior management positions with AT&T and Cellular One.

Airclic offers a mobile proof-of-delivery software to facilitate over $165 billion in

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transactions for over 300 companies. Its Perform products line serves food service,

wholesale/retail, transportation, and healthcare companies. Early in his career, Michael

founded a company that was one of the nation’s first to commercially deploy a SaaS

solution that automated credit card and check authorization services; this successful

start-up was subsequently acquired by an international funds transfer company.

10 JOHN PERRY

Company: Bluefin Payment Systems

Title: CEO

John’s long successful career includes such positions as CEO of iPay Technologies,

EVP of Ruesch International, CEO of Spectrum, and President and COO of NOVA

Information Systems. As CEO of Bluefin Payment Systems, John leads the company’s

corporate development strategies. Bluefin offers cloud-based payment solutions for

software and SaaS providers through its proprietary PayConex platform. Since

launching in 2007, the Atlanta-based company has grown to over 70 employees, with

annual revenue in 2013 exceeding $65 million.

11 RAGHU RAGHAVAN

Company: Act-On Software

Title: CEO

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Prior to launching Act-On Software, Raghu was the co-founder and CTO of Responsys,

Inc., a public company that enables upscale retailers to manage emails and marketing.

Since starting in 2008, Act-On has raised approximately $74 million in funding to date,

with a recent $42 million infusion from Technology Crossover Ventures, Norwest

Venture Partners, Trinity Ventures, US Venture Partners, and Voyager Capital. Act-On

Software is an Oregon-based company that helps small to medium-sized businesses

with marketing automation. Raghu says, “I am fortunate enough to be leading acompany and a terrific team in a very hot market. My focus has always been, and

continues to be, on four things: vision, strategy, culture, and team. It’s very gratifying to

see the results.”

12 ROBERT SHELLMAN

Company: Odyssey Logistics & Technology Corporation

Title: CEO, President

Odyssey Logistics & Technology Corporation provides actionable intelligence for

logistics professionals, including data on transportation, technology, and infrastructure.

OL&T currently delivers data on goods worth over $60 billion transported from over

185,000 locations. The company recently raised $48 million from Goldman Sachs

Private Capital Investing. Before launching OL&T in 2003, Robert was president of

UniGlobal Logistics and was previously at Union Carbide, where he had 19 years of

experience in supply chain, operations, and channel management.

13 TIEN TZUO

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Company: Zuora

Title: Founder, CEO

Prior to launching Zuora, Tien spent 9 years at salesforce.com as the 11th employee,

working on the company’s original marketing and billing systems. Since starting in

2007, Zuora has grown to serve hundreds of companies, including Dell, Box, Zillow,

IBM, and TripAdvisor. Zuora is a SaaS provider that helps subscription-based

businesses manage their billing systems. Tien currently sits on the Board of Directors

for Radian6 and Network for Good. Tien earned his BS from Cornell and MBA from

Stanford.

14 ERIC MORGAN

Company: AtTask

Title: CEO

Prior to AtTask, Eric had several executive leadership positions at enterprise

technology companies, including President & CEO of AdvancedMD. AtTask is a Utah-

based provider of enterprise work management solutions which has grown to 500+

employees. The Company’s clients include Nike, Cisco, ABC, ESPN, and Kellogg’s.

Under Eric’s leadership and strategic efforts, AtTask has raised over $50 million in

additional funding from notable investors, including JMI Equity and Greenspring

Associates.

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Morgan Stanley, and Proctor & Gamble. Medallia recently took in a $50 million

investment from Sequoia Capital, bringing total funding from the sole institutional

venture to $105 million over three rounds. Borge earned an MBA from Stanford.

17 CHET KAPOOR

Company: Apigee

Title: CEO

Apigee is an API platform that helps businesses manage and analyze their apps and

API ecosystem. The company provides help to enterprises around the world, including

20% of the Fortune 100. Apigee recently took in $60 million in funding from investors

including Wellington Management, Pine River Capital Management, BlackRock, Focus

Ventures, SAP Ventures, and Norwest Ventures. To date, the company has raised a

total of approximately $170 million. Prior to joining Apigee, Chet held managementroles at IBM, Gluecode, and BEA Systems throughout his 20+ years of experience with

software and hardware companies.

18 GREG STOCK

Company: Zenoss

Title: CEO

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Prior to Zenoss, Greg was Chairman and CEO of Vovici, where he grew the company

over 300% and expanded its customer base to 1,200 before being acquired by Verint

Systems in 2011. Zenoss is a provider of management software for both physical and

virtual IT teams. Since its founding in 2005, Zenoss has been utilized by over 35,000

organizations worldwide. The company closed $25 million in a Series C round led by

Summit Partners in 2012, bringing its total backing up to $45 million.

19 DAVID COZZENS

Company: Telogis

Title: CEO

Prior to leading Telogis, David held numerous senior positions for Novell Corporation,

most recently as Vice President of Operations at Novell Americas, a $500 million

business. Telogis offers a software platform for businesses to better track vehicle fleets.The company took in $93 million of funding in a round led by Kleiner Perkins Caufield &

Byers after revenue rose to approximately $85 million and reaching 4,000 customers in

2013.

20 JAY LARSON

Company: Birst

Title: CEO

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Prior to leading Birst, Jay was President of Worldwide Field Operations at Jive Software

and Vice President of Worldwide Field Operations at SuccessFactors, during which

revenue grew from $100 million to over $350 million. The company then went public

and was later acquired by SAP. Before SuccessFactors, Jay was a senior executive at

Mercury Interactive, where he helped grow revenue from $300 million to over $1 billion

before it was acquired by Hewlett Packard. Birst provides a cloud platform for

companies to gain business intelligence on their raw data. The company recently raised$38 million in a Series E round led by Sequoia Capital.

21 JASPREET SINGH

Company: Druva

Title: Founder, CEO

Druva, which launched in 2008, is a SaaS-based company offers cloud backup andendpoint data protection to enterprises. It is currently used by over 1,500 companies.

The rapidly growing company has raised a total of $92 million and plans to expand its

presence in both Asia and Europe. Jaspreet was previously at Veritas and has

engineering experience at Ensim Corporation. Sequoia has participated in each of the

Company’s funding rounds.

22 TIM WALLACE

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Company: iPipeline

Title: CEO

iPipeline is a CRM software provider that caters to the insurance and financial services

industries. The fast-growing company recently acquired insurance industry platform

Aplifi as part of its plans to expand its customer network and integrate its product lines.

iPipeline has raised over $100 million in funding to date. Prior to joining iPipeline, Timserved as interim President and COO of MEDecision Inc., a public software company.

23 JUSTIN MOORE

Company: Axcient

Title: CEO

Axcient is an innovative cloud platform that manages, stores, and protects businesses’data. Since launching in 2006, Axcient has grown to serve thousands of businesses in

15 different industries, securing over 10 billion files and applications. The company

raised approximately $25 million through two rounds of funding in 2013. Before

founding Axcient, Justin founded MK Global, which offers asset recovery services to

the telecommunications industry. Justin is a Venture Partner at Thomvest Ventures, a

$200 million fund focused on B2B companies.

24 SARAH BIRD

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Company: Moz

Title: CEO

Founded in 2004 as a consulting firm, Moz now offers inbound marketing and analytical

software and has since grown to support 20,000 customers worldwide. Sarah joined

Moz as the 8th employee in 2007. She states, “My mission is to make the web a better

place by giving marketers the tools they need to create transparent, authentic, andpowerful relationships with customers. One of the secrets to Moz’s success so far is our

community of employees, customers, and vendors. We are just as passionate about

what we do as how we do it. We’re not perfect, and never will be. We don’t shy away

from hard stuff; We work harder and try new things.” Previously, Sarah was an Attorney

at VanSiclen, Stocks & Firkins.

25 CHRIS LUECK

Company: FastSpring

Title: CEO

FastSpring is an online e-commerce and subscription management software provider

with over 2,200 clients. The Company has been profitable since 2009 and recently took

in its first outside investment from Pylon Capital in 2013, after bootstrapping since

2005. Prior to joining FastSpring, Chris was a Co-founder and Managing Partner of

Pylon Capital, where he invested in fast-growing technology-enabled servicecompanies.

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