BlueCat hires Francisco Velasquez as Chief Financial Officer (CFO)
BlueCat will leverage his experience scaling businesses organically and through mergers and acquisitions as it embarks on its next phase of growth.
Key takeawaysThis key takeaway was generated through LLMs crawling the page and coming up with an overview of the content.BlueCat Networks announced the immediate appointment of Francisco Velasquez as Chief Financial Officer to support the company’s next phase of organic and acquisitive growth. The move addresses the real-world challenge of scaling finance operations amid surging global demand for DDI software driven by digital transformation, cloud migration, automation, and security needs. Velasquez’s 15+ years of finance leadership across companies that included IPO experience and M&A work positions him to help BlueCat expand its Adaptive DNS-based DDI management platform and collaborate with Audax Private Equity and senior leadership to accelerate growth.
What experience does Francisco Velasquez bring to his new role as BlueCat’s CFO?
Francisco Velasquez brings more than 15 years of finance experience to BlueCat, including recent service as CFO of 360Learning where he oversaw financial planning and analysis, accounting, and treasury. Prior to that he was a senior financial leader at e2open, where he managed a successful IPO in 2021 and supported growth through organic initiatives and mergers and acquisitions. He also held increasingly senior finance roles at Forterro, Rackspace Technology, and CA Technologies, equipping him with operational and transaction experience relevant to scaling BlueCat.
Why is BlueCat prioritizing financial leadership now?
BlueCat is entering a new phase of accelerated growth driven by strong global demand for DDI software as organizations pursue digital transformation, cloud migration, network and IT automation, and enhanced security. The company expects both organic expansion and acquisitive activity as part of its strategy, making experienced financial leadership critical to planning, executing and integrating transactions, managing treasury and accounting, and aligning financial operations with growth objectives. Bringing in a CFO with IPO and M&A experience is intended to support those operational and strategic priorities.
How does this leadership change relate to BlueCat’s product positioning and market recognition?
The CFO appointment aligns with BlueCat’s positioning as the Adaptive DNS company, which offers a dynamic, open, secure, scalable, and automated DDI management platform designed to support challenging digital transformation initiatives such as hybrid cloud adoption and rapid application development. BlueCat’s platform was recognized as a market leader and outperformer in the 2022 GigaOm Radar report evaluating DDI management vendors, and the company’s leadership change is intended to support leveraging that market recognition to drive further growth and operational scaling in collaboration with Audax Private Equity and senior leadership.
TORONTO, May 2, 2023 (Globe Newswire) — BlueCat Networks, a leading provider of mission-critical network and cloud infrastructure software for reliable and secure DNS, DHCP, and IP address management (collectively known as DDI), announced that Francisco Velasquez would serve as its new Chief Financial Officer (CFO), effective immediately.
Velasquez brings more than 15 years of experience to the role. As CFO of 360Learning, he oversaw financial planning and analysis, accounting, and treasury. Before that, he was a senior financial leader at e2open, where he managed a successful IPO in 2021 and helped the company grow organically and through mergers and acquisitions. Velasquez also held increasingly senior finance roles at Forterro, Rackspace Technology, and CA Technologies.
Global demand for DDI software is surging. The main drivers are digital transformation initiatives, including cloud migration, network and IT automation, and security. As BlueCat enters its next organic and acquisitive growth phase, Velasquez is ideally suited for the role.
“I am thrilled to welcome Francisco to the BlueCat team and look forward to leveraging his experience scaling businesses both organically and through mergers and acquisitions as we embark on our next phase of accelerated growth,” said BlueCat CEO Stephen Devito.
“I’m excited to join a dynamic organization with a reputation for supporting and rewarding its employees,” said Velasquez. “I am eagerly anticipating the opportunity to collaborate with the talented workforce, senior leadership, and Audax Private Equity to help shape the next chapter of BlueCat’s journey.”
About BlueCat
BlueCat is the Adaptive DNS company. The company’s mission is to help organizations deliver reliable and secure network access from any location and any network environment. To do this, BlueCat re-imagined DNS. The result – Adaptive DNS – is a dynamic, open, secure, scalable, and automated DDI management platform that supports the most challenging digital transformation initiatives, like adoption of hybrid cloud and rapid application development. BlueCat’s DDI management platform was recognized as a market leader and outperformer in the 2022 GigaOm Radar report that evaluated all the vendors offering DDI Management. The company is headquartered in Toronto and New York and has additional offices throughout the world, including Germany, the United Kingdom, Japan, Singapore, and Serbia. Learn more at bluecat.com.
About Audax Private Equity
Based in Boston and San Francisco, Audax Private Equity is a leading middle-market investment firm with approximately $16 billion of assets under management, over 185 employees, and 85-plus investment professionals. Since its founding in 1999, the firm has invested in more than 160 platforms and 1,200 add-on acquisitions. Through our disciplined Buy & Build approach, across six core industry verticals, Audax helps portfolio companies execute on organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value.
Audax Private Equity is a part of Audax Group, a leading alternative investment manager with approximately $36 billion of assets under management. For more information, visit audaxprivateequity.com or follow us on LinkedIn.
Contact:
Pierre Hamilton
Senior Manager, Corporate Communications
[email protected]
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