SAN MATEO, CA – October 3, 2011 - Xignite, Inc., the leading financial market data cloud provider, today announced it has appointed Peter Caswell as its Chairman of the Board. Caswell is a highly-successful Silicon Valley CEO with over 25 years of experience driving operational excellence and revenue for enterprise software companies. He spent 18 years leading venture-backed companies in the same high-growth stage as Xignite. Caswell is currently the CEO at NetBase, a social media analytics company. His track record in amalgam has generated over 3 billion dollars in market cap for Advent, Siperian, and other companies. Caswell provided the first external angel funding for Xignite and has been shouldering its success ever since.
"Peter has done great things in the past for Xignite, and we look forward to do greater things with him in the future," said Stephane Dubois, founder and CEO. "Peter's experience driving operational excellence, financial discipline and exponential revenue growth throughout technology organizations is invaluable to Xignite."
"I'm involved in Xignite because it has the potential to transform an industry, and I am excited to be a part of that," added Caswell. "Stephane and I have worked together for many years, and from the very first time I heard about Xignite, I have been ready and willing to roll up my sleeves and contribute to its growth."
Prior to NetBase, Caswell was CEO of Siperian where he was responsible for the overall strategic direction, growth and management of the company. He drove the business to operating profitability and grew revenue by seven times in three years before selling to Informatica for more than $130M.
Previously, Caswell served as the CEO at Enkata Technologies and Advent Software. While under his direction, Advent grew its revenues from $8M to approaching $200M while quadrupling its operating margins. Caswell also held executive sales and marketing positions with MSA (a Dun & Bradstreet Software company) and Hogan Systems.
Xignite is the leading financial market data cloud provider, offering more than 50 financial cloud APIs and fulfilling more than five billion service requests per month for real-time, historical and reference data covering global equities, commodities, currencies, options, fixed income, mutual funds, derivatives and OTC instruments. The Xignite market data cloud powers mission-critical applications for financial services front, middle and back office, financial websites, investor relations, corporate ERP and BI, e-commerce, and mobile for more than 900 clients in 47 countries, including Citi, GE, Wells Fargo, ING, BNY Mellon, Natixis, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, Netsuite, and Barrick Gold. The award-winning XigniteOnDemand cloud platform also provides new online channels for stock exchanges, trading venues, OTC brokers and market data originators including CME Group, NASDAQ OMX, BGCantor and Pearson. For more information, please visit www.xignite.com
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