|[February 11, 2013]
finalsite Announces New Chief Financial Officer
EAST HARTFORD, Conn. --(Business Wire)--
finalsite, a leading online learning and communications platform for the
education industry, today announced that it has hired Jim Calabrese as
Chief Financial Officer.
Mr. Calabrese joins finalsite with over 25 years of expansive
professional experience, primarily with growing software companies. Over
the course of his career, Mr. Calabrese has helped companies pursue
acquisitions and organic growth initiatives and guide businesses through
a wide range of debt and equity financings. Most recently, he served as
Chief Financial and Operating Officer for NetKey, an applications and
management software company acquired by NCR Corporation. Previously, Mr.
Calabrese spent eight years as the Chief Financial and Operating Officer
for Vertafore, a software-as-a-service business serving the insurance
"We are delighted to add Jim to the finalsite team as we continue to
strengthen and extend the company's market leadership position,"
commented Jon Moser, CEO and Founder of finalsite. "Jim is a highly
talented executive with a demonstrated track record of growing software
businesses. His deep industry experience in working with businesses like
ours will be instrumental in helping finalsite fulfill its goal of
providing best-in-class software solutions to the educational community."
"I am thrilled to be joining finalsite at such a dynamic time for the
cmpany and the education technology industry," said Mr. Calabrese. "Jon
and the management team have built a dynamic growth business that is
well positioned to benefit from many accelerating industry tailwinds. It
is also a pleasure to join a company with such an admirable mission in
providing state of the art software and technology solutions to some of
the world's most influential and prestigious schools. I am looking
forward to working with the team to continue to build on and accelerate
the company's success."
Mr. Calabrese joins finalsite as the company continues to build on its
market leadership position and long track record of profitable growth.
finalsite is a portfolio company of Spectrum (News - Alert) Equity, a growth equity
firm focused on the information economy, which made a significant
investment in finalsite in June 2012.
Mr. Calabrese is a CPA and received his Master's in Business
Administration from Rensselaer Polytechnic Institute at Hartford.
finalsite's online learning and communications platform is utilized by
over 1,000 schools and educational organizations across 48 countries and
as many as 1 million unique users per day around the world. The platform
facilitates the distribution of digital content across school
communities and in classrooms via a proprietary, SaaS (News - Alert)-based software
suite accessed through desktops and mobile devices. In addition,
finalsite's software enables customers to engage dynamically with a wide
range of third party data providers including student information
systems, learning systems and social media applications. finalsite is
based in East Hartford, CT and has 71 employees. For more information,
please visit http://www.finalsite.com.
About Spectrum Equity
Spectrum Equity is a leading growth equity firm focused on investing in
innovative growth stage businesses in the information economy. Spectrum
Equity has been an active investor in software and information service
providers including iPay Technologies (News - Alert) (acquired by Jack Henry &
Associates), RiskMetrics Group (acquired by MSCI), Seisint (acquired by
LexisNexis/Reed Elsevier), and World-Check (acquired by Thomson
Reuters (News - Alert)), as well as digital media franchises including Ancestry.com
(acquired by Permira), Demand Media, lynda.com, NetQuote (acquired by
Bankrate), Seamless and SurveyMonkey. Founded in 1994 with offices in
Boston and Menlo Park, Spectrum Equity has raised $4.7 billion in
capital across six funds.
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