- Award-winning public company CEO joins global category
leader Boomi
- Appointment signals next stage of growth for the
company, following its recently closed $4
billion acquisition by leading technology investors
Francisco Partners and TPG
- Chris McNabb to retire
following successful 9-year tenure
CHESTERBROOK, Pa., Dec. 13, 2021 /PRNewswire/ -- Boomi, the
intelligent connectivity and automation leader, today announced
that its Board of Directors has appointed David Meredith as Chief Executive Officer,
effective January 31, 2022. Meredith
comes to Boomi from NASDAQ-listed Everbridge, where during his
tenure as CEO, the company experienced rapid revenue growth. He
brings to Boomi over 25 years of executive leadership across both
multi-billion-dollar public companies as well as private
equity-backed technology platforms. Meredith will succeed
Chris McNabb, who plans to
retire.
"In a world where data represents the most valuable asset, an
enterprise's ability to unerstand, integrate, and optimize that
data becomes paramount," said Meredith. "Boomi's cloud-native
technology serves as critical infrastructure and enables companies
to compete, win, and grow in today's digital environment. The
company is a true innovator, and I am thrilled to partner with
Francisco Partners and TPG to lead Boomi through the next stage of
the company's growth journey."
The IT market has evolved significantly in recent years as
organizations adopt a digital-first mindset to better serve their
customers. Enterprises are managing more applications than ever
before, but very few of them are integrated, resulting in
fragmented processes and experiences. Boomi makes it quick and easy
for companies to unify their full digital ecosystems. The company's
cloud-native technology powers the modern enterprise by
automating workflows and minimizing disruption across applications
so that data can flow seamlessly throughout an organization. For
the eighth consecutive year, Gartner has positioned Boomi as a
Leader in its 2021 Gartner Magic Quadrant for Enterprise
Integration Platform as a Service (EiPaaS).1
"We thank Chris for his years of leadership in scaling the
business and are thrilled to welcome David
Meredith to Boomi," said Brian
Decker and Andrew Kowal of
Francisco Partners. "David's track record scaling category-leading
software-as-a-service and infrastructure providers and his thought
leadership within the industry make him the perfect choice to lead
Boomi through its next phase of growth."
"David has proven himself as a capable leader over the last two
dozen years working in this industry, and he has the vision and
experience to expand Boomi's position as an innovative leader in
one of the fastest growing segments in software," said Nehal Raj and Art
Heidrich of TPG Capital. "We also want to recognize
Chris McNabb, who successfully
established the company as a market leader and trusted partner to
many organizations across the globe. We thank him for his
leadership and wish him all the best in retirement."
"It has been an honor to serve as CEO of Boomi for the past nine
years and I want to offer my sincere thanks to our employees whose
hard work and dedication have allowed us to achieve so much," said
McNabb. "I am confident David is the executive best suited to guide
Boomi through this next chapter and I look forward to working
closely together with him to ensure a smooth transition."
Francisco Partners and TPG acquired Boomi earlier this year, in
a $4 billion transaction that
established the iPaaS leader as an independent company. Meredith's
appointment marks another milestone in a year of strong momentum
for the company. Highlights include:
- Unveiling its vision for hyperautomation and the future of
business at its annual digital "Out of This World" user event where
it announced that it has connected nearly 200,000 unique endpoints
to date with over 18,000 customers that process more than 4.5
billion integrations every month
- Launching AtomSphere™ Go, Boomi's self-service, usage-based
full platform offering that allows customers to have access to a
wide range of services – Integration, Flow, API Management, Master
Data Hub and B2B/EDI Management – with unlimited users,
connections, integrations and workflows
- Being recognized by the Business Intelligence Group with a 2021
Stratus Award for Cloud Computing as a Top Organization and Cloud
Company of the Year in its business award program
- Celebrating 100,000-member milestone in the Boomiverse™
community by pledging $100,000 to
charitable causes
David Meredith Bio
As
Chief Executive Officer of Everbridge, Meredith led during a period
of rapid growth, resulting in Everbridge moving up into the
large-cap Russell 1000 Index in 2020. Meredith ranked Top 50 in the
largest company category by Comparably for Best CEO (2020) and Best
CEO for Diversity (2021), and earned a CEO rating of A+, measured
across 60,000+ companies. He also earned a 95% "Approve of CEO"
rating on Glassdoor throughout his tenure. Previously, Meredith
held leadership roles at Rackspace, CenturyLink (now Lumen
Technologies), VeriSign, CGI (formerly AMS), and Capital One
Financial Corporation. Most recently, Meredith received a
distinguished Globee® Award in the Visionary category as part of
The 9th Annual 2021 CEO World Awards.
As a recognized industry thought leader, notable forums have
hosted Meredith as a speaker, including CNBC's Mad Money with
Jim Cramer, CNBC's Squawk Alley,
Nasdaq Trade Talk and NPR's Morning Edition, among others. He has
also interviewed many global leaders, including Presidents
George W. Bush and Bill Clinton, Anthony
Fauci, MD, U.S. General Colin L.
Powell, USA (Ret.), and
Secretary of State Madeleine
Albright.
Throughout his career, Meredith has donated his time to a
variety of community causes such as serving on the Board of
Directors for the Tobin Center for the Arts, as well as being the
Executive Sponsor for the annual Fill-a-Box Feed-a-Family
Thanksgiving Food Drive while in Texas. Most recently, he supported the CDC
Foundation in its global efforts to protect the health of people
around the world.
Meredith earned his master's degree from the University of Virginia (UVA), where he previously
served as Chairperson for the Management of Information Technology
Board and continues to serve on an Advisory Board at UVA. He
graduated with honors from James Madison
University (JMU) with a Bachelor
of Business Administration in Corporate Finance.
About Boomi
Boomi instantly connects everyone to
everything with its cloud-native, unified, open and intelligent
platform. Boomi's integration platform as a service (iPaaS) is
trusted by more than 18,000 customers globally for its speed,
ease-of-use and lower total cost of ownership. As the pioneer at
fueling intelligent use of data, Boomi's vision is to make it quick
and easy for customers and partners to discover, manage and
orchestrate data, while connecting applications, processes, and
people for better, faster outcomes.
About Francisco Partners
Francisco Partners is a
leading global investment firm that specializes in partnering with
technology and technology-enabled businesses. Since its launch over
20 years ago, Francisco Partners has invested in more than 300
technology companies, making it one of the most active and
longstanding investors in the technology industry. With more than
$30 billion in assets under
management, the firm invests in opportunities where its deep
sectoral knowledge and operational expertise can help companies
realize their full potential. For more information on Francisco
Partners, please visit www.franciscopartners.com.
About TPG
TPG is a leading global alternative asset
firm founded in San Francisco in
1992 with $109 billion of assets
under management and investment and operational teams in 12 offices
globally. TPG invests across five multi-product platforms: Capital,
Growth, Impact, Real Estate, and Market Solutions. TPG aims to
build dynamic products and options for its clients while also
instituting discipline and operational excellence across the
investment strategy and performance of its portfolio. For more
information, visit www.tpg.com or @TPG on Twitter.
© 2021 Boomi, LP. Boomi, the 'B' logo, Boomiverse, and
AtomSphere are trademarks of Boomi, LP or its subsidiaries or
affiliates. All rights reserved. Other names or marks may be the
trademarks of their respective owners.
Media Contacts
Boomi:
Boomi Media Relations: media@boomi.com
Francisco Partners:
Kate
Sylvester
ksylvester@sloanepr.com
TPG:
Leslie Shribman
and Courtney Power
media@tpg.com
1 Gartner, Magic Quadrant for Enterprise Integration
Platform as a Service, Eric Thoo,
Keith Guttridge, Bindi Bhullar, Shameen
Pillai, Abhishek Singh,
29 September 2021
Photo -
https://mma.prnewswire.com/media/1708013/David_M_Headshot.jpg