Content recommendations search engine developer Outbrain Inc. today announced the appointment of Jeff Davison as CFO. While ostensibly just a routine appointment, such an appointment at a company of Outbrain's size is a strong signal of a pending IPO.
Outbrain plans to raise $100-200 million on Wall Street at a company value of $700-800 million.
Although Outbrain has not commented on Sunday's media reports, including in "Globes" about the IPO, the announcement of the new CFO reinforces the assessments about it. Moreover, until recently, Davison served as CFO of RightNow Technologies, a global customer experience software provider, where he played a key role in its IPO and subsequent acquisition by Oracle Corporation (Nasdaq: ORCL) for $1.8 billion. Before that, he was controller at Powerhouse Technologies, and an auditor at PacifiCorp and KPMG.
Outbrain said that, as CFO, Davison will handle the company's finances and help manage its rapid global growth.
Outbrain CEO Yaron Galai said, "Davison is joining the company at a critical moment in our growth. He extensive experience at public and private companies makes him the ideal choice to further consolidate Outbrain's reputation as a leader in content marketing."
Published by Globes [online], Israel business news - www.globes-online.com - on September 10, 2013
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