DotNetNuke Corp. Names Lee McGrath as Chief Financial Officer
July 22 2010 - 8:00AM
Marketwired
DotNetNuke Corp. (http://www.dotnetnuke.com), the company behind
the most widely adopted Web Content Management Platform for
Microsoft .NET, today announced that Lee McGrath has joined the
company as Chief Financial Officer effective July 12, 2010. In this
new role, McGrath will be responsible for ensuring that the
company's financial and administrative functions scale to support
company growth and will be a key part of the executive team in
setting the strategic direction of the company.
Prior to joining DotNetNuke Corp., McGrath served as CFO at
Librato, Inc., a provider of resource management software for cloud
computing and physical data center environments, where he closed a
$5 million venture debt loan and $3 million preferred stock round.
Before Librato, he was CFO of PANTA Systems, a manufacturer of data
warehouse appliances, where he secured several rounds of bridge
financing, a $5 million loan facility with key commercial bankers
and led the due diligence process for a proposed acquisition
transaction by a Fortune 500 software company. As CFO of Versant
Corp. (NASDAQ: VSNT), a database software company, McGrath led four
acquisitions and one divestiture, managed the S4 registration
process on an acquisition of a public company, moved the company
from NASDAQ's NMS to SmallCap market and was a key part of the
investor relation programs to maintain compliance with NASDAQ's
listing requirements. McGrath previously served as Director of
Financial Planning and Analysis at Philips Electronics where he was
part of the due diligence team on Philips' $4 billion joint venture
with LG in Korea, Controller for Digital Link Corp., and held a
variety of positions spanning the globe for Measurex Corp. (later
acquired by Honeywell). Lee is a Chartered Certified Accountant and
holds a master's degree in business administration from Pepperdine
University.
Quotes
Navin Nagiah, President
and CEO at DotNetNuke Corp. "Lee brings more than 20 years of
experience to DotNetNuke Corp. in a wide range of finance roles at
public and private companies. His extensive background in
operations, strategic planning, accounting and finance operations,
and merger and acquisition due diligence and negotiations, make him
a valuable asset to the company as we continue to grow at a rapid
rate to meet customer and market demand. We are delighted to have
him on our team."
Lee McGrath, Chief
Financial Officer at DotNetNuke Corp. "I am extremely pleased
to join DotNetNuke Corp. as it doubles its customer base and
receives four prestigious industry accolades. I look forward to
working with the executive team to further the company's position
in the market and ensure its sustained success. The high growth
rate of the company's revenues and its continually expanding
customer base make this a very attractive opportunity."
About DotNetNuke Corp.
DotNetNuke Corp. is the steward of the DotNetNuke open source
project, the most widely adopted Web Content Management Platform
for building web sites and web applications on Microsoft .NET.
Organizations use DotNetNuke to quickly develop and deploy
interactive and dynamic web sites, intranets, extranets and web
applications. The DotNetNuke platform is available in a free
Community and subscription-based Professional, Elite and Elite
Premier Editions. DotNetNuke Corp. also operates Snowcovered.com
where users purchase third party software apps for the platform.
Founded in 2006 and funded by Sierra Ventures, August Capital and
Pelion Venture Partners, DotNetNuke Corp. is headquartered in San
Mateo, Calif. For additional information, visit
www.dotnetnuke.com.
DotNetNuke® and DNN® are registered trademarks of DNN Corp. All
other registered and unregistered trademarks in this document are
the sole property of their respective owners.
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Press Contacts Kimberly Stoddard Eastwick Communications
650-480-4033 DNN@Eastwick.com Terry Erisman DotNetNuke Corp.
650-288-3159 Terry.Erisman@DNNCorp.com
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