Boomi appoints former Everbridge chief as new CEO
Boomi has elected former Everbridge chief David Meredith as its new CEO, who will take over the role at the end of January. Meredith will replace outgoing CEO Chris McNabb, who plans to retire after nine years in the role.
Earlier this year, Francisco Partners and TPG Capital acquired Boomi as part of a US$4 billion deal.
Commenting on his appointment, Meredith says that we live in a world where data is the most valuable asset so it is important for businesses to understand, integrate, and optimise data.
"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."
TPG Capital's Nehal Raj and Art Heidrich say that David Meredith is a capable leader with the vision and experience to continue Boomi's mission to be an innovator in cloud-native technologies.
"We also want to recognise Chris McNabb, who successfully established the company as a market leader and trusted partner to many organisations across the globe. We thank him for his leadership and wish him all the best in retirement."
McNabb also comments, "It has been an honour 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."
"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."
Francisco Partners' Brian Decker and Andrew Kowal thank McNabb for his work to scale the business, and they welcome David Meredith to the team.
"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."
According to Boomi, it has been a busy year for the company. It unveiled its vision for hyperautomation and the future of business at its annual digital "Out of This World" user event, where it announced that it had connected nearly 200,000 unique endpoints to date.
The company also launched AtomSphere Go, a self-service, usage-based full platform offering that allows customers to access Integration, Flow, API Management, Master Data Hub and B2B/EDI Management – with unlimited users, connections, integrations and workflows.
The company also reached a 100,000-member milestone in the Boomiverse community by pledging $100,000 to charitable causes.