REDWOOD CITY, Calif., Oct. 23, 2014 (GLOBE NEWSWIRE) -- Informatica Corporation (Nasdaq: INFA), the world's number one independent provider of data integration software, today announced Michael Berry will be joining the company as executive vice president and chief financial officer on November 1, 2014. Berry brings a track record of finance and operational leadership at growth companies and category leaders including SolarWinds, IO, and i2 Technologies. Berry will be responsible for the company's finance, information technology, legal, and investor relations functions.
"With his distinguished background in license, subscriptions and services businesses, Mike brings valuable financial and operational experience to Informatica as we focus on our growth opportunities in cloud and big data," says Sohaib Abbasi, chairman and chief executive officer, Informatica. "I look forward to working with Mike and our leadership team to effectively scale our organization."
Berry succeeds Earl Fry as chief financial officer of Informatica. Fry will help in the CFO transition and, increasingly, devote his attention to his new role as chief customer officer and executive vice president, Operations Strategy. In his role as chief customer officer, Fry will lead the global customer support and professional services groups. As executive vice president, Operations Strategy, Fry will play an instrumental role in helping scale the business for the next growth phase.
"Informatica is a company with a strong reputation, world-class product portfolio, a great customer base, dedicated employees and an exciting future. I am excited to bring my expertise to Informatica to help the company achieve its vision of growth," Berry said. "Earl has built a world-class team, and I look forward to working with him and continuing the company's strong discipline and focus on driving stockholder value."
As chief financial officer for IO, a global leader in software-defined data centers, Berry led finance, planning, accounting, and enterprise IT in a period of high-growth and expansion into new product lines. Previously, Berry served as executive vice president and chief financial officerof SolarWinds, a publicly held international provider of IT management software at which, during Berry's tenure, the company achieved total revenue growth of 28% on an annualized basis and non-GAAP operating profit of greater than 50 percent for eleven straight quarters. Prior to SolarWinds, Berry was chief financial officer at i2 Technologies, a leading provider of supply chain software, and held various executive positions at The Reynolds and Reynolds Company, a leading provider of software and services to the retail automotive industry, and Comdata Corporation, a leading provider of payment cards and related services.
Berry is currently a Member of the Board of Directors and Audit Committee Chairman for Rapid7, a privately-held security software company based in Boston, Mass.
Informatica Corporation (Nasdaq:INFA) is the world's number one independent provider of software. Organizations around the world rely on Informatica to realize their information potential and drive top business imperatives. Informatica Vibe, the industry's first and only embeddable virtual data machine (VDM), powers the unique "Map Once. Deploy Anywhere." capabilities of the Informatica Platform. Worldwide, over 5,000 enterprises depend on Informatica to fully leverage their information assets from devices to mobile to social to big data residing on-premise, in the Cloud and across social networks. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com.
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