AppDynamics announced that Dev Ittycheria has joined the
board of directors of AppDynamics. Ittycheria has a track record of leading and
advising early-stage software companies that far outperform their competition
by leveraging their substantial technology and business model advantages with
high performance distribution models.
Ittycheria was the co-founder, president & CEO of
BladeLogic, and later was the president of the Enterprise Service Management
(non-mainframe) business at BMC Software.
Today, he is a member of the board of directors of two
SaaS companies athenahealth and Bazaarvoice. Earlier, Ittycheria was the
co-founder, president & CEO of Applica, which later merged with Breakaway
Solutions to become one of the first publicly traded SaaS companies.
Under Ittycheria’s leadership, BladeLogic, a server
automation company, was recognized as one of the fastest-growing software
companies of the past decade as its compound annual growth rate over its
history was close to 100 percent.
During that time BladeLogic became the de-facto standard
for server automation across nearly every vertical industry, completed a highly
successful IPO in 2007, and was acquired by BMC Software in 2008 for
approximately $900M, which also represented the highest multiple paid for any
public technology company that year.
As the president of the ESM business at BMC Software,
Ittycheria had responsibility for a $1.2B business with over 4,000 employees.
During his tenure at BMC the company completely restructured its sales
organization and methodology to increase sales productivity by 50 percent,
demonstrably improved its product advantage through organic investments and
multiple acquisitions, and positioned itself as the leader in systems
management by outperforming all relevant competition as measured by revenue
growth and stock performance.
“As someone who has had first-hand experience
leading both a new breed company as well as a large incumbent in the $15B IT
Operations Management market, I have come across many companies who have made
bold claims about changing this industry,” said Ittycheria.
“I’m enthusiastic about welcoming Dev to our team as
we continue to exceed even our most aggressive expectations and solidify our
position as the leader in the APM industry,” said Jyoti Bansal, founder
and CEO of AppDynamics. “Dev’s extraordinary success leading high-growth
software companies is a tremendous asset for us, and we’re looking forward to
drawing upon his strategic insight and deep management expertise at this
critical point in our company’s journey.”
AppDynamics recently released
a disruptive new .NET monitoring and management solution that can change the
way APM is used by IT personnel who support critical .NET environments.
By Telecomlead.com Team