New CFO brings broad expertise in scaling financial infrastructure to support rapid growth
(Minneapolis — Feb. 23, 2016) —
Code42, the leader in endpoint data protection and security for the enterprise, today announced that Tim Connor, former chief financial officer at Datalogix, has joined the company as its new chief financial officer (CFO).
As CFO, Connor’s core responsibilities include financial reporting and analysis, and investor relations. Connor will focus on initiatives that scale Code42’s financial and administrative infrastructure, enabling the company to continue to meet growing global demand for its end-user backup Software-as-a-Service (SaaS) solutions. He’ll also oversee the company’s business enablement, human resources, legal and facilities functions.
“Building the financial infrastructure necessary to support a rapidly expanding technology company is no small task,” said Joe Payne, president and chief executive officer at Code42. “Having built rock-solid financial engines for several other high-growth companies, and possessing a wealth of financial and investment expertise, Tim will ensure Code42 has the teams, tools and processes needed to support our significant growth around the world.”
“When I began to explore my next career challenge, my goal was to join an organization with a massive market opportunity, demonstrated rapid growth, a talented executive team, powerful technology and products, an impressive customer base and a world-class investor group—Code42 was a perfect fit,” said Connor. “I am excited to join the Code42 team and help efficiently scale our business, enhance our financial and administrative foundation, and continue to build value for our shareholders.”
Connor brings more than three decades of executive-level financial experience to his new role at Code42. Prior to joining Code42, Connor was chief financial officer at Datalogix, where he was responsible for all finance and administrative functions at the fast-growing big data and analytics company until its acquisition by Oracle in 2015. Connor also previously served as chief financial officer and senior vice president of operations at Access Health (until its acquisition by McKesson) and as managing director in technology investment banking at Lehman Brothers. In addition, Connor is a partner at Sequel Venture Partners, where he has invested in and served as a board member for several early-stage, high-growth SaaS and technology companies.
The addition of Connor solidifies Code42’s executive leadership team and adds to a year of momentum. The company recently raised $85 million in Series B funding led by JMI Equity and New Enterprise Associates, Inc. (NEA), and hired leaders from eBay and Adaptive Insights. Last July, Code42 announced Joe Payne, a proven SaaS executive and previously the chairman and CEO of Eloqua, as president and CEO.