Managing the financial risks of today's IT corporations

CFOs in Technology

Subscribe to CFOs in Technology: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get CFOs in Technology: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Top Stories

WEST POINT, Ga., April 18 /PRNewswire-FirstCall/ -- ITC^DeltaCom, Inc. , a leading provider of integrated communications services to customers in the southeastern United States, today announced that Richard E. Fish has been appointed the Company's Chief Financial Officer. Mr. Fish joined ITC^DeltaCom in February 2005 as Chief Administrative Officer and brings more than seventeen years of diverse financial and strategic management, business development and operational experience to the Company. Before joining the Company, Mr. Fish served from November 2000 to October 2004 as Executive Vice President and Chief Financial Officer for ICG Communications, Inc., a telecommunications service provider. Prior to assuming that role, Mr. Fish served from September 1999 to November 2000 as ICG's Senior Vice President of Finance. Before his service with ICG, Mr. Fish served from... (more)

RIA Leader Laszlo Systems Expands Management Team

Laszlo Systems, a global leader in Rich Internet Application (RIA) software, announced that it has appointed George Shahid as chief financial officer, Chris Helgeson as senior vice president of engineering, and Reid Thomas as senior vice president of worldwide sales and distribution.  Continuing the company’s momentum, today’s news follows recent reports that Laszlo is growing at a strong pace, its technology having already served over 40 million people per month nationwide. “Chris, George and Reid are terrific complements to our talented management team as they reflect our same commitment to excellence and proven ability to succeed,” said Steve Ciesinski, President and CEO, Laszlo Systems.  “In particular, Chris’s new role allows our Founder and CTO, David Temkin, to spend more time interfacing with our customers, as well as tech... (more)

Microsoft CFO Quits

CFOs in Technology on Ulitzer Microsoft’s CFO Chris Liddell (pictured), 51, a New Zealand import, is bored and wants a better job. So he’s “looking at a number of opportunities that will expand his career beyond being a CFO” – according to a statement out of Microsoft – and will be leaving at the end of the year. Microsoft’s replacing him with Peter Klein, 47, currently CFO of Microsoft’s $19 billion-a-year Business Division, responsible for Office. He was previously CFO of Microsoft's Server and Tools Business. Liddell failed to move Microsoft’s stock in the four years he’s had the job but is associated with its recent $3 billion cost-cutting exercise and the $14 billion the company returned to shareholders through dividends and stock buy-backs. ... (more)

Are You Pushing Too Much Paper?

Whether you are an electrical supplies wholesaler or a manufacturer of oilfield equipment, the challenge is the same: Are you maximizing your margins by keeping your administrative processes as streamlined as possible? Or, are you wasting time and money by supporting paper-intensive processes to handle quotes, orders, ship notices, receipt documents and invoices? Unfortunately, many companies face this challenge and feel as if they are pushing too much paper dealing with their suppliers, customers, and transportation providers, but they do not know how to break the cycle. Where is it coming from? Recently a trade association representing a group of independent distributors conducted a survey among their 146 member companies. These distributors and wholesalers ranged from $16 to $142 million in annual sales. When asked about the supply side of their businesses, over 70%... (more)

A Safe, Prosperous, and Happy New Year to All Our Readers!

A safe, prosperous, and Happy New Year to all readers and users! One handy way to catch up with all our articles with a 2010 theme, from forward-looking predictions to retrospectives on '09, is to visit, where we have gathered literally dozens and dozens of items for your reading pleasure. Enjoy! ... (more)

More Technology CFOs Migrate to the Cloud, According to Survey

Cloud Migration Session at Cloud Expo This year, according to an annual study by BDO, an accounting and consulting organization, a majority (56%) of chief financial officers (CFOs) at leading U.S. technology businesses are currently using cloud computing in some capacity. Further, the vast majority (90%) report their use of cloud computing will remain the same or increase this year. CFOs cite cost flexibility (32%), increased scalability (32%) and improved business ability (29%) as the driving reasons for embracing cloud computing instead of provisioning IT services from their own data center. The majority of tech CFOs (64%) are familiar with cloud computing. Still, despite the allure of cost savings, some CFOs (44%) have resisted the shift to the cloud and list security concerns (39%), the hassle and expense (29%) and limited application features (14%) as their rea... (more)

Software AG Acquires Terracotta Inc.

Software AG on Monday announced that it has entered into a definitive agreement to acquire Terracotta Inc. This acquisition will allow Software AG to provide innovative cloud solutions and dramatically increase the performance and scalability of its Business Process Excellence platform. Terracotta’s product portfolio provides leading edge in-memory technology and is the de facto caching standard for enterprise Java. Terracotta’s in-memory processing will provide the foundation technology for Software AG’s cloud offerings. With in-memory data access up to 1,000 times faster than database access, this will enable Software AG to increase revenue with existing and new customers through significantly larger business process excellence projects encompassing complex event processing, mobile technology, cloud distribution and virtualization. The acquisition also extends Sof... (more)

SoftLayer Appoints New Chief Financial Officer

SoftLayer Technologies on Monday announced the appointment of Walter Z. Berger as Chief Financial Officer (CFO), effective in March. A seasoned finance and accounting executive, Mr. Berger will help guide and oversee the company's continued market leadership and financial growth. He brings more than 30 years of experience to SoftLayer, including extensive operational experience as a CFO with several large, publicly held companies. Lance Crosby, CEO for SoftLayer, notes that Berger's "proven track record and leadership will be invaluable as we embark on our next phase of growth. We're delighted to have such a high caliber executive join our team." Prior to joining SoftLayer Technologies, Mr. Berger was the CFO and executive vice president of Leap Wireless International Inc. From 2006 to 2008, Mr. Berger served in senior management roles at CBS Corporation, including a... (more)

VMware Loses CFO

VMware's CFO Mark Peek has slipped the leash to go to Workday as CFO. Workday, the SaaS financial management and human capital management vendor built by PeopleSoft survivors Dave Duffield and Aneel Bhusri, is reportedly getting ready to IPO and Peek has been on its board. VMware CEO Paul Maritz said in the statement, "Mark helped take VMware public in 2007 and has provided a steady hand since then." His departure seemed to take a couple of bucks off VMware stock. He leaves June 1. In the same announcement VMware said it has made Carl Eschenbach, responsible for sales and marketing, COO and co-president and Raghu Raghuram EVP of cloud infrastructure and management. Maritz is supposed to focus on strategy. It said its financial results for the March quarter should "broadly meet or slightly exceed" its guidance. Earnings come out April 18. ... (more)

Six Things I Think I Think for IaaS in 2013

Another year, another dollar… or something like that.  It’s time for an update on the 6 things I think I think for Infrastructure-as-a-Service (IaaS) in the coming year! 1. Hybrid Cloud Computing 2012 Perspective: Hybridization WAS key in 2011 and I’m doubling down in 2012.  If you’ve paid attention to the consolidation in the industry, you’d best do the same.  The big boys are snapping up anything that smells like bridging the enterprise to the multi-tenant host.  Look for this trend to intensify. 2013 Perspective: VMware buys DynamicOps.  Red Hat buys ManageIQ.  Cisco buys Cloupia.  Consider the consolidation trend intensified.  The big question for 2013 is what the big boys have in mind for the cool technologies they’ve acquired in 2012. Whatever they might have in mind, the signal from the customer is clear.  Hybrid cloud computing is considered critically im... (more)

Measuring the Business Value of Cloud Computing

My favorite and least favorite question I get is the same – “Can you help me build a business case and ROI for cloud computing?” Well, yes… and no. The issue is that cloud computing has such a massive impact on how IT is delivered that many of the metrics and KPIs that are typically used at many enterprises don’t capture it.  I mean, how do you capture Agility – really? In the past I have broken this down into 3 buckets. Yes, some people have more but these are the big three… Agility Agility is reducing cycle time from ideation to product (or system delivery) – incredibly difficult to measure given that it’s hard to do apples to apples when every product/project is unique. You can do this in terms of Agile methodology task points and the number of points per fixed timeframe sprint on average over time. Most IT shops do not really measure developer productivity in a... (more)