Anticipating a continued growth spurt in 2006, grid technology vendor DataSynapse has appointed seasoned financial professional Roger Blanchette as chief financial officer.
Armed with more than 20 years of finance and business-related experience within the technology industry, Blanchette will oversee all corporate financial activity, human resource and legal matters throughout the company's operations.
He joins DataSynapse from Concord Communications, where he was vice president of finance. During his five-year tenure at Concord, he supported the merger and acquisition activity that resulted in three successful acquisitions and the receipt of an $86 million convertible bond debenture. Blanchette also managed the Sarbanes-Oxley 404 compliance effort and supported the sales process of the company to Computer Associates, which resulted in a purchase price at 70% premium in 2005.
He joins DataSynapse as the company reports a doubling in revenues, $25 million in sales and a 40 per cent increase in global headcount for 2005.
Peter Lee, co-founder and CEO of DataSynapse, comments: "Roger's merger and acquisition experience and work with publicly traded, high-growth technology companies will bring the institutional process, financial controls and reporting discipline needed to prepare DataSynapse for future growth."