Investment Banking and Venture Capital Veteran Brings Extensive Financial and Operational Expertise
San Mateo – May 2, 2013 – SnapLogic, the leader in enterprise cloud integration, today announced the appointment of Spencer Punter as chief financial officer. The appointment builds on SnapLogic’s $20 million funding injection in late 2012, from Ignition Partners, Triangle Peak Partners and existing investors Andreessen Horowitz. Recent customer wins include Netflix, Best Buy, Fox News, Activision, ING Direct, Pandora and other companies.
“Spencer’s track record across venture capital, investment, operations and management makes him the ideal person to help scale SnapLogic to the next level,” said Gaurav Dhillon, founder and chief executive officer, SnapLogic. “The scope of our ambitions and our anticipated future growth demand an executive of Spencer’s caliber, and we’re delighted that he’s joined us,” Dhillon added.
Punter joined SnapLogic from Capital Dynamics, a leading global asset management firm, where he was managing director, head of US venture capital and responsible for oversight of the firm’s West Coast office. Previously, he held venture capital investment positions with Bay Partners, Bowman Capital and Integral Capital Partners. Earlier in his career, he worked in the technology investment banking group at Morgan Stanley.
Punter was also co-founder and chief executive of ApexMD, a SaaS company focused on indexing healthcare professionals. A dual British and Canadian citizen, he holds a bachelor’s degree in Physical Science (Engineering) from Harvard University.
“I have known Gaurav Dhillon since participating in one of the early rounds of funding for Informatica while I was at Integral Capital,” said Punter, “and I am particularly excited by the progress that SnapLogic has made. The company is poised to be an indispensable link between SaaS, enterprise apps and how all companies will operate in the cloud – one of the hottest market areas today. I am thrilled to be joining SnapLogic as it scales to capitalize on this huge opportunity.”
Punter’s responsibilities will include oversight of worldwide strategy and business planning, budgeting, finance, accounting, tax, financial data systems, financial reporting and compensation.
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SnapLogic is the leader in enterprise cloud integration, helping companies connect SaaS and enterprise applications for improved business agility and faster decision-making. With the award-winning SnapLogic Integration Solution, organizations can implement data integration six times faster than with traditional integration solutions, and thereby improve the timeliness of information flow and decision-making. SnapLogic offers a scalable enterprise integration hub, a browser-based drag and drop visual designer, and a rich library of intelligent connectors, called Snaps. Funded by leading venture investors, including Andreessen Horowitz and Ignition Partners, SnapLogic’s products are used by prominent companies in the Global 1000.
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