Adaptive Insights Appoints Finance and Operations Veteran Jim Johnson as Chief Financial Officer
PALO ALTO, CA – Jan 25, 2016 – Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies, today appointed Jim Johnson CFO as part of a broader leadership expansion plan. The appointment is part of a broader leadership expansion plan including the addition of Mark Templeton, former CEO of Citrix (NASDAQ: CTXS), as a new board member. Adaptive Insights also announced its Q4 2015 performance, which reinforces the company’s recognition as a high-growth leader1 with over 3,000 customers worldwide, continuing to scale, and defining the growing cloud CPM market.
Johnson will oversee the finance organizations, including finance, operations, information technology (IT), legal, and administrative, reporting to CEO Tom Bogan. Previously, Johnson held CFO positions with both TIBCO Software and Jaspersoft, as well as executive finance positions with VERITAS and Sun Microsystems, giving him valuable private and public company expertise and a deep understanding of SaaS business models and analytics.
“In addition to being a seasoned finance leader with extensive background in FP&A and large financial transactions, Jim is a savvy business person who has been deeply involved in operations and growth enablement,” said Bogan. “His diverse background and collaborative nature make him the true embodiment of a modern CFO and the perfect addition to our executive management team as we enter our next phase of growth.”
Prior to joining Adaptive Insights, Johnson was CFO of TIBCO Software where he helped lead the company through one of the largest take-private transactions of 2014. He joined TIBCO through the acquisition of Jaspersoft, the fastest growing SaaS and subscription analytics company at the time. As CFO of Jaspersoft, he was responsible for all internal accounting and financial controls; legal and administrative matters; and IT operations. He also oversaw the company’s strategic and operating plans.
“As a user of Adaptive Insights products, I have first-hand experience with how analytics and corporate performance management software can provide actionable insights that enable value creation,” said Johnson. “In addition, I believe the delivery of that software via a proven SaaS business model puts Adaptive Insights on the fast-track to growth. I’m looking forward to strategically guiding the company during this exciting time.”
Prior to Jaspersoft, Johnson served as the chief financial officer of privately-held MSC Software, where he was instrumental in restoring profitability, and VGH, an Elevation Partners-owned company that sold to Electronic Arts in 2008. Johnson’s experience also includes executive-level finance positions at VERITAS (which merged with Symantec in 2005) and 15 years at Sun Microsystems, during which time the company grew from less than $1 billion to over $18 billion in annual revenue.
