AppDynamics Appoints Randy Gottfried as Chief Financial Officer

SAN FRANCISCO – FEBRUARY 3, 2014 – AppDynamics, the application intelligence company, today announced that Randy Gottfried has joined the company as chief financial officer, reporting to founder and CEO Jyoti Bansal. Gottfried will succeed Walter Berger, who resigned late last year. To assist in the transition, Berger will remain with AppDynamics through the end of March. Gottfried is charged with managing the financial growth strategy and internal operations functions of AppDynamics as it expands globally and continues to rapidly penetrate the $30+ billion IT operations management and analytics markets.  

Gottfried is a seasoned technology executive with a proven track record building high-growth businesses, managing rapidly expanding operations, and driving successful initial public offerings. Most recently, Gottfried was CFO and COO of Riverbed Technology, where he worked from from 2004 until 2013. Prior to Riverbed, Gottfried held a variety of senior finance roles at Inktomi and Sybase.

“Everything we do at AppDynamics is oriented to creating a more rewarding customer experience. As we continue to rapidly innovate and serve a much wider set of customers and market segments, Gottfried brings an impeccable track record of scaling large-scale business operations and a wealth of experience in the public markets,” said Jyoti Bansal. “We are thrilled to have Gottfried join us at such a pivotal point in our company’s growth.”

Bansal continued, “On behalf of the entire company, our board and investors, we thank Berger for his valuable counsel and outstanding leadership. He offered us a wealth of experience ensuring AppDynamics’ financial strength and implementing our strategy during a period of exceptional growth. We wish him the very best in the next phase of his career.

“The progress we have made at AppDynamics has been nothing short of phenomenal. I am grateful for the experience along with the relationships I have enjoyed since joining the company” said Berger. “I look forward to observing the company’s continued growth and successfully executing on the strategy we put in place.”

“AppDynamics has created a powerful technology foundation focused on an incredible market opportunity,” said Gottfried. “I’m thrilled and honored to join the team and to help shape the next phase of growth. The pace of innovation here is fierce, the execution world-class, and the quality and culture of the team is an inspiration.”

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