Boomi appoints David Meredith as CEO
Boomi, the Cloud technology, connectivity and automation provider, confirms that its board of directors has appointed David Meredith as chief executive officer.
Meredith joins Boomi from Everbridge, where during his tenure as CEO, the company experienced rapid revenue growth. To this new role he brings over 25 years of executive leadership across both multi-billion-dollar public companies as well as private equity-backed technology platforms.
"In a world where data represents the most valuable asset, an enterprise's ability to understand, integrate, and optimise that data becomes paramount," said Meredith.
"Boomi's cloud-native technology serves as critical infrastructure and enables companies to compete, win, and grow in today's digital environment. The company is a true innovator, and I am thrilled to partner with Francisco Partners and TPG to lead Boomi through the next stage of the company's growth journey."
Effective as of 31 January 2022, Meredith will succeed Chris McNabb, who is retiring.
"It has been an honor to serve as CEO of Boomi for the past nine years and I want to offer my sincere thanks to our employees whose hard work and dedication have allowed us to achieve so much," said McNabb.
"I am confident David is the executive best suited to guide Boomi through this next chapter and I look forward to working closely together with him to ensure a smooth transition."
Boomi simplifies the ability of enterprise companies to unify their full digital ecosystems. The company's cloud-native technology automates workflows and minimises disruption across applications so that data can flow seamlessly throughout an organisation.
Francisco Partners and TPG acquired Boomi earlier this year, in a $4 billion transaction that established the iPaaS leader as an independent company.
"We thank Chris for his years of leadership in scaling the business and are thrilled to welcome David Meredith to Boomi," said Brian Decker and Andrew Kowal of Francisco Partners.
"David's track record scaling category-leading software-as-a-service and infrastructure providers and his thought leadership within the industry make him the perfect choice to lead Boomi through its next phase of growth."
"David has proven himself as a capable leader over the last two dozen years working in this industry, and he has the vision and experience to expand Boomi's position as an innovative leader in one of the fastest growing segments in software," said Nehal Raj and Art Heidrich of TPG Capital.
"We also want to recognize Chris McNabb, who successfully established the company as a market leader and trusted partner to many organizations across the globe. We thank him for his leadership and wish him all the best in retirement."