SALT LAKE CITY and SEATTLE, Nov. 9, 2017 /PRNewswire/ -- Qualtrics, the leader in experience management, today announced the appointment of veteran financial leader David Faugno as Chief Financial Officer.
Faugno served as CFO for over 10 years at Barracuda Networks, a leading provider of cloud-enabled security and data protection solutions. While there he helped take the company from 100 to 1,500 employees and approximately $20M to nearly $400M in annual billings. In addition, Faugno successfully led the acquisition of 11 companies while at Barracuda. In 2013, Faugno helped lead the company to a successful initial public offering.
"We couldn't be more excited to add David to the Qualtrics team," said Ryan Smith, co-founder and CEO of Qualtrics. "His experience helping to scale an early stage, high growth start up to a public company is incredibly unique. As Qualtrics continues to scale, we'll benefit a great deal from the experience David brings to the table. I'm looking forward to continuing to build the experience management category together."
In addition to his experience at Barracuda Networks, Faugno served as Senior Director of Corporate Finance – M&A at Cisco Systems, was CFO for Actona Technologies and spent 8 years at AT&T, including as CFO of the EMEA region. In 2013, he was awarded Silicon Valley Business Journal's CFO of the Year.
"Qualtrics is one of those incredibly rare companies given its scale, growth and the unmatched strength of its team. Working at a founder-led company is an incredible opportunity and Ryan and Jared Smith are as talented as they come," said David Faugno, CFO of Qualtrics. "The most exciting part of this new move is the immense opportunity in front of us in the experience management market that Qualtrics has pioneered. Every organization needs an experience management platform. It's absolutely critical to their business objectives and Qualtrics is the only company positioned to provide that single system of record."
Faugno will be based at the company's Provo, Utah headquarters. He is a graduate of Rutgers University and has an MBA from Duke University.
Qualtrics is a single system of record for all experience data, also called X-data™, allowing organizations to manage the four core experiences of business—customer, product, employee and brand experiences—on one platform. Over 8,500 enterprises worldwide, including more than 80 percent of the Fortune 100 and 99 of the top 100 U.S. business schools, rely on Qualtrics. To learn more, and for a free account, please visit www.qualtrics.com.