San Mateo, California-based Apttus, a quote-to-cash solution provider, has named Terry Schmid as its chief financial officer. Previously, Schmid was CFO at Imperva. Apttus’ backers include K1, Iconiq, Premji Invest and KIA.
SAN MATEO, Calif., Nov. 28, 2017 /PRNewswire/ — Apttus, the global leader in Quote-to-Cash and Contract Lifecycle Management utilizing artificial intelligence, today announced that it has appointed Terry Schmid as its Chief Financial Officer.
Schmid has spent more than 20 years helping to scale high growth technology companies. For the past seven years, Terry served as CFO at Imperva, a leading application and data security company that he guided through a successful IPO process in 2011. Prior to Imperva, he served as CFO at Coremetrics, where he helped to grow the business and facilitated the company’s acquisition by IBM. Schmid has also held CFO positions at several other privately-held technology companies.
Schmid becomes a key part of a fast-growing company, helping customers improve the outcomes of their most crucial business processes – revenue generation and managing commercial relationships that drive their businesses.
“Terry’s proven experience of helping high growth technology companies expand on a global basis meshes perfectly with Apttus’ current evolution and future growth strategy,” Apttus CEO Kirk Krappe said. “His well-rounded expertise will serve as a critical asset as we look to scale to the next level. He is a tremendous addition to Apttus, and will provide proper structure and executive leadership that is characteristic of larger, established companies.”
“Joining a company that creates revenue success for many of the largest blue-chip organizations in the world presents a compelling opportunity for the next step in my career,” Schmid said. “Apttus has a clear product and industry leadership position. In addition, I believe the company’s disruptive artificial intelligence capabilities will extend Apttus’ lead over competitors and have a big impact on the efficiency and effectiveness of our customers’ revenue operations.”
Apttus, the category-defining Quote-to-Cash and Contract Lifecycle Management technology company, drives the vital business process between a buyer’s interest and the realization of revenue. Utilizing a patented combination of SaaS-based applications, the Apttus Intelligent Cloud maximizes revenue and business outcomes for companies of all sizes. Enhanced by Machine Learning and Max, an Intelligent Agent, Apttus applications include Configure Price Quote (CPQ), E-Commerce, Contract Management, Incentives Management, Renewals, Billing and Order Management. The Apttus Intelligent Cloud is powered by the world’s most trusted cloud platforms, including Salesforce and Microsoft Azure. Apttus is based in San Mateo, California, with additional offices located across the globe. For more information visit: apttus.com.