Brightcove Prepares For IPO With A New CFO
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).