Domo Welcomes Paul Weiskopf as SVP, Corporate Development
Former Adobe and HP Strategist Joins Seasoned Management Team, Further Positions Domo for Growth
SILICON SLOPES, Utah – Sept 10, 2014 – Domo, a software-as-a-service (SaaS) venture started by Omniture co-founder and former CEO Josh James to redefine the business intelligence (BI) market, today announced the appointment of Paul Weiskopf as senior vice president, corporate development.
Weiskopf brings more than 25 years in corporate development to Domo’s executive team. As senior vice president of corporate development at Adobe Systems, he played a key role in acquisitions and venture investment including the company’s pivotal multi-billion-dollar acquisitions of Omniture and Macromedia.
He also served as vice president of strategy and corporate development for Hewlett-Packard, where he led strategic planning for the entire company, in addition to leading corporate development for the enterprise server, storage and software businesses. Before HP, Weiskopf held senior strategy positions for ecommerce companies InsWeb, BenefitPoint and Auction.com; as well as management consulting firms, Accenture and LEK.
“Paul and I worked together during and after the Adobe acquisition and I have tremendous respect for him as a strategist and human being,” said Josh James, Domo founder and CEO. “He has the ability to see around corners miles and miles before most. As we deliver a solution that’s bigger than BI and more than analytics, Paul’s experience will help ensure we are best positioned to capitalize on the massive opportunity ahead of us.”
“Domo is redefining the business intelligence space while also creating an entirely new experience with enterprise software,” said Weiskopf. “Most solutions in the market today were designed from a data-centric point of view. From the beginning, Domo has had a maniacal focus on the user experience and built its solution around the needs of the business user. That excites me.”
In related news, Domo recently announced the addition of former SuccessFactors executive Bruce Felt as CFO. The company also announced another outstanding sales performance with more than 600 enterprise customers, more than 40 percent sequential quarterly growth and annual growth that far exceeds 100 percent.
“At Domo we are finding the best athletes possible for our team and Paul is clearly a world-class athlete,” James added. “My boss once told me, ‘Where do elephants lie? Wherever the hell they want to lie.’ We know that with Paul’s background, skills and experience he could have chosen to work anywhere and in any work environment. I am thrilled Domo qualified as the number one opportunity in Mr. Weiskopf’s assessment.”
With $250 million in funding, Domo is backed by an all-star list of angels and investors including Benchmark, Fidelity Investments, Founders Fund, GGV Capital, Greylock Partners, IVP, salesforce.com, TPG Growth, T. Rowe Price, WPP and Zetta Venture Partners, plus CEOs of the world’s largest SaaS and Internet businesses.
Domo’s founding team consists of some of the most sought after talent in the industry with experience that includes Amazon, American Express, Ancestry.com, eBay, Endeca, Facebook, Google, LinkedIn, MLB.com, Omniture, salesforce.com and SAP.
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