Symplified Appoints Andrew Evans Chief Financial Officer
BOULDER, Colo., May 4 , 2011 – Symplified®, the Cloud security company, today announcedthat technology start-up veteran Andrew Evans has joined the company as its Chief Financial Officer. Evans brings more than 20 years of financial management experience to Symplified, including 15 years working with venture-backed technology firms. His previous two companies, brand monitoring firm Umbria and financial securities risk management firm FTEN, were acquired by McGraw-Hill/JDPower and NASDAQ OMX respectively.
“The cloud market is experiencing enormous growth, with SaaS expected to expand 25.3 percent through 2014. Andrew Evans brings the exact combination of financial management, strategic planning, and start-up expertise for us to extend our leadership position as the fastest growing provider of cloud identity and access management,” said Eric Olden, CEO of Symplified. “He joins our seasoned management team and will provide the fiscal and business management leadership needed to ensure Symplified achieves its short and long-term objectives for managing growth, partnerships, and customer satisfaction.”
Evans brings a broad range of industry experience from venture-backed companies to Symplified, which includes managing finance, operations, sales, legal, human resources and administration functions. At FTEN, a provider of hosted financial securities risk management services, Evans oversaw management of the company’s delivery infrastructure. He has raised over $110 million in equity and debt for technology companies at various stages of development from seed funding through private placements. His two most recent companies achieved rapid growth and successful exits. Brand monitoring firm Umbria was acquired by McGraw-Hill/JDPower in 2008, while FTEN was purchased by NASDAQ OMX in 2010. Evans began his career at KPMG in London and Sydney after graduating with a Bachelor of Science degree in Chemical Engineering from Birmingham University.
“Symplified quickly established the market for identity and access management and established itself as the leader,” said Andrew Evans. “The company has only scratched the surface of a very large market opportunity, so I am coming on board to help scale Symplified’s resources to meet explosive demand for our services. Joining Symplified at this point in time is an exciting professional and personal opportunity.”
Symplified provides the trust fabric of the Cloud by enabling companies to extend and enforce identity and access management policies on cloud applications. The Company is the market share leader in cloud identity with more than 1 million seats of the Symplified Suite currently deployed by Fortune 500 and small medium businesses. The Symplified Suite is the only complete cloud security platform that unifies Web access management, federated SSO, auditing and user provisioning. Meanwhile, the Symplified Trust Cloud™ is the only identity and access management solution woven into the fabric of the Amazon Web Services platform and capable of delivering cloud security services on a massively scalable and global basis. It is deployed in 40 data centers worldwide. The company has been recognized by the Wall Street Journal in its 10th Annual Technology Innovation Awards, named Coolest Cloud Security Vendor by CRN, a Start-Up to Watch by Network World, and one of the Top 10 Most Innovative Companies at the RSA 2011 conference. Symplified’s management team has been developing pioneering identity and access management solutions for 15 years, and created Web access management market originator Securant and the ClearTrust product, which was acquired by RSA Security for $140 million. The company has received more than $18M in financing from leading venture capital firms Granite Ventures and Allegis Capital. Symplified is headquartered in Boulder, Colorado.