DataStax Snags Former Fusion-io CFO
Apache Cassandra distributor DataStax announced today that it has appointed Dennis Wolf as chief financial officer. The Silicon Valley veteran joins the company from flash storage solutions maker Fusion-io, which posted a first-quarter loss of $27.9 million, or 28 cents a share on Wednesday.
Wolf brings more than 30 years of experience to the company. He is credited with leading Fusion-io through its hugely successful IPO, and laying the groundwork for the $1 billion Sun-MySQL deal before that. He is currently a director and chair of the audit committee of Codexis, having previously served in similar roles at data protection giant Quantum and half a dozen other companies.
The appointment underscores the aggressive growth plans of DataStax CEO Billy Bosworth, who commented in a statement that:
“Dennis Wolf brings much more to the table than financial experience. With his amazing track record at successful startups combined with his public company and public board experience, Dennis provides executive wisdom and strategic vision, which are vital to a fast-growing startup. Dennis has a proven ability to build a strong financial model for an open source software company as well as taking new and innovative technologies to a public offering, making him the ideal CFO for DataStax.”
Founded in 2010, DataStax serves 20 of the Fortune 100 companies, including eBay, Netflix and Adobe, among its more than 300 clients that use its software to power their applications. The privately-held company says that it’s growing 150 percent year-over-year, a pace that caught the attention of several big-name investors. In July, DataStax raised $45 million in Series D funding from Scale Venture Partners, DFJ Growth, and Next World Capital. Original backers Lightspeed Venture Partners, Crosslink Capital, and Meritech Capital Partners also participated in the round.
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