Communications compliance and analytics company Actiance has appointed Naresh Bansal as its new chief financial officer. Bansal is stepping in for Tim Conley, the company’s former CFO, who left to pursue a career as a consultant.
Bansal’s impressive pedigree includes 20 years of financial management for both public and private firms including 10 years in leadership positions for SaaS companies. Bansal most recently served as VP of Finance for Zscaler, a cloud-based security company.
In a press release, the company notes Bansal’s success in “building teams, creating processes, and taking companies through the IPO process.” Actiance CEO Kailash Ambwani explains, “Naresh will play a critical role as we continue to map out strategies for long-term growth and augment our financial structure to support fiscal management, profitability, and success. His experience as an operational CFO for highly successful companies will be invaluable to us. More importantly, he knows software-as-a-service (SaaS) inside and out, and has successfully scaled operations at companies in our exact growth stage.”
Since launching in 1998, the company has raised $43.6 million in 3 funding rounds. At FinovateFall 2012 Actiance debuted Socialite, a tool that helps banks stay compliant while using social media. Earlier this month, the company unveiled a cloud-based platform to help healthcare and pharmaceutical companies comply with security and privacy regulations.
The post Actiance Brings on Naresh Bansal as New CFO appeared first on Finovate.