June 24, 2011

HTML5 Leader Appcelerator Appoints New Chief Financial Officer

Appcelerator, the leading mobile cloud platform for developing mobile HTML5, desktop, Web and tablet applications, has announced the appointment of Michael Asher as the company’s chief financial officer.

A veteran of the industry, Asher has more than 15 years of finance experience with fast-growing Silicon Valley software companies. Prior to this appointment, he was working as CFO for Greenplum, where he grew the company from $2 million through its acquisition to EMC in July 2010.

Asher also served as the CFO for newScale (News - Alert), which was acquired by Cisco, and before that as vice president of finance for Octane Software that was acquired by Ephiphany.

Jeff Haynie, CEO at Appcelerator, said that Asher brings proven experience navigating fast-growing companies into new growth and revenue opportunities.

Asher said that for the past few years, Appcelerator has focused squarely on addressing critical requirements of the developer community and has rightfully earned its position as the go-to mobile app development framework for developers and leading brands.

Appcelerator is a mobile cloud platform for developing native mobile, HTML5, desktop, web and tablet applications using web technologies. This is the company’s third executive appointment in 2011. The company said that it has increased in size more than 300 percent in only 8 months, growing from 17 to 70 employees. Growth is expected to continue at this fast clip, with plans to reach 120 by year's end.

Earlier this month, the company announced the availability of Appcelerator Titanium Studio for building, testing, and deploying cross-platform applications.

Anshu Shrivastava is a contributing editor for TMCnet. To read more of Anshu’s articles, please visit her columnist page.

Edited by Carrie Schmelkin


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