Appcelerator Expands Executive Bench with New Chief Financial Officer Appointment

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Former EMC Financial Executive Joins Fast-Growing Mobile Cloud Platform Leader

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Developer numbers have skyrocketed from 65,000 developers developing 4,000 mobile apps last August, to more than 1.5 million developers powering more than 22,000 apps today.

Appcelerator®, the leading mobile cloud platform for rapidly developing native mobile, HTML5, desktop, web and tablet applications using web technologies, today announced it has appointed Michael Asher as Chief Financial Officer. Asher brings more than 15 years of finance experience with fast-growing Silicon Valley software companies to Appcelerator.

This is Appcelerator’s third executive appointment in 2011; 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. In addition, developer numbers have skyrocketed from 65,000 developers developing 4,000 mobile apps last August, to more than 1.5 million developers powering more than 22,000 apps today.

Jeff Haynie, CEO, Appcelerator noted, “Appcelerator is experiencing tremendous growth, in part due to the explosion in user adoption of mobile apps and devices, and certainly due to the developer and business community’s adoption of our flagship offering -- Titanium. Mike brings proven experience navigating fast-growing companies into new growth and revenue opportunities. We’re thrilled to have him on board as a member of our executive team.”

Most recently, Asher served as CFO for Greenplum, where he grew the company from $2 million through its acquisition to EMC in July 2010. During the Greenplum acquisition period, he spearheaded financial and legal negotiations, due diligence, investor relations, and company assimilation. Asher was integral to raising more than $40 million in venture capital and was a key contributor to expanding the company internationally. Prior to Greenplum, Asher served as the CFO for newScale (acquired by Cisco) and before that VP of Finance for Octane Software (acquired by Ephiphany).

“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,” stated Michael Asher. “We intend to continue pushing the envelope in expanding Titanium’s capabilities while maximizing Appcelerator’s revenue opportunities. I look forward to helping Appcelerator expand to its next level of growth.”

Asher also has a strong engineering background with Chevron Corporation. He received his Bachelor of Science degree in engineering from the University of California Berkeley, where he also earned his MBA in finance at the Walter A. HaaS School of Business. He resides in Palo Alto, CA.

About Appcelerator
Appcelerator is the leading enterprise-grade, cross-platform development solution on the market today, with over 1.5 million developers using its software to power over 20,000 cloud-connected mobile, desktop, and web applications used by tens of millions of users every day. The company’s flagship offering, Appcelerator Titanium, is the only mobile cloud platform to enable fully native, cross-platform development, from a single codebase, at web development speed for these three platforms. Appcelerator’s customers can leverage their existing skills and open, industry standard technologies to decrease time-to-market and development costs, increase customer adoption and revenues, and enjoy greater flexibility and control. For more information, please visit http://www.appcelerator.com.

Editor’s Note: (Artwork Available Upon Request)

Press Contact:
Carmen Hughes
Ignite Public Relations
650.227.3280 x1
carmen(at)ignitepr(dot)com

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