Online video platform Brightcove took another step towards an eventual IPO today by hiring a new chief financial officer. Christopher Menard is the new CFO. Previously, he was the CFO at Phase Forward, a clinical trials enterprise software company bought by Oracle last April for $685 million. Before the Oracle acquisition, Phase Forward was a public company.
In the announcement of Menard’s new role, Brightcove stresses that he “played an integral role in the execution and integration of six acquisitions, successful execution of the IPO and secondary stock offering, and implementation of global financial systems.” Menard also teaches a course on M&A at Boston College’s business school. Just the kind of guy you want before you file for an IPO. Either that, or an M&A exit.
Over the past year, Brightcove has been beefing up its executive team, adding a new president and COO (David Mendels), a new board member (former Macromedia CFO Betsey Nelson), a new senior VP of sales in North America (Paul Goetz), and a new VP in charge of its growing Asia-Pacific business (Dennis Rose).
Christopher Menard became the CFO of Brightcove in October 2010. Menard was formerly the Senior Vice President, Chief Financial Officer, Chief Accounting Officer and Treasurer of Phase Forward, Inc. in Waltham, Mass. In his previous role as vice president of finance, he managed worldwide finance and accounting groups responsible for accounting, financial reporting, budgeting, treasury and compliance, external audits and SEC reporting. Menard began his career at Phase Forward as director of finance before being promoted in 2004 to...
Brightcove Inc. (NASDAQ: BCOV), a leading global provider of cloud content services, offers a family of products used to publish and distribute the world’s professional digital media. The company’s products include Video Cloud, the market-leading online video platform, App Cloud, a pioneering content app platform, and Zencoder, a leading cloud-based media processing service and HTML5 video player technology provider. Brightcove has more than 6,100 customers in over 60 countries that rely on Brightcove cloud content services to build and...
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