Apttus makes its third hire this month

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fintech insurtech wealthtech regtech ai cybertech esg news

Quote-to-cash management platform Apttus has appointed former-Imperva CFO Terry Schmid as its new chief financial officer.

US-based Apttus provides quote-to-cash and contract lifecycle management technology solutions, to help companies with the processes from a buyer’s interest through to revenue realisation. The solution is powered by machine learning technology and helps to streamline businesses as well as allinging and driving revenues.

Through the solution users also gain access to applications for e-commerce management, incentives management, renewal, billing and order management.

Prior to this role, Schmid served as the CFO at application and data security company Imperva for seven years. In this position he helped guide the company through an IPO in 2011. Schmid has also worked as the CFO at Coremetrics, a digital marketing optimisation solution, where he helped facilitate the acquisition by IBM.

Apttus CEO Kirk Krappe said, “Terry’s proven experience of helping high growth technology companies expand on a global basis meshes perfectly with Apttus’ current evolution and future growth strategy. His well-rounded expertise will serve as a critical asset as we look to scale to the next level. He is a tremendous addition to Apttus, and will provide proper structure and executive leadership that is characteristic of larger, established companies.”

This is the third new hiring by Apttus this month, after the company appointed former-Cisco Systems EVP and CMO Sue Bostrom and Veeva Systems CFO Tim Cabral to its board of directors.

Earlier in the year, the company raised $55m in a Series E round led by Premji Invest, with participation from Salesforce, K1, and Iconiq. Total capital raised by the company has now totalled up to $329m.

The data and analytics sector was dominated by the North American market, with the rest of the world only pulling in a third of the capital than North America alone. The region managed to pull in $904.5m in equity, while the combined global total raised by the sector was $1.2bn.

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