Data analytics company Quantexa, which specialises in AI and network analytics, has appointed heavyweight John McAdam to the board.
With over 30 years’ experience, McAdam served as president and CEO of F5 Networks where he brought the company to profitability and grew annual revenue from $100m to $2bn.
Prior to this, he was general manager of the web server sales business at IBM, after serving for 10 years as president and COO of Sequent Computer Systems, which was sold to IBM in September 1999.
McAdam said of his appointment: “I’m delighted to join the Quantexa board at a key time in the company’s growth and development. I have spent my career immersed in innovative, game-changing technology; the way that Quantexa is using Big Data and AI to create context and bring unique value will continue to disrupt industries for years to come.
“Quantexa has ambitious growth goals and I look forward to being part of this exciting journey.”
The company has raised over $25 million in venture capital funding to date, and over the past 12 months annual recurring revenue has grown over 400%. It has accomplished rapid global expansion, with over 200 staff across offices in London, New York, Boston, Toronto, Belgium, Singapore, Melbourne and Sydney.
Vishal Marria CEO of Quantexa, added: “John’s unrivalled experience and success at F5 Networks and Sequent make him an important appointment to support Quantexa’s long term growth as we scale into even more regions and industries.”
Quantexa has raised more than $25 million in venture capital funding to date, and over the past 12 months annual recurring revenue has grown over 400 per cent, expanding its 200-strong team across offices in London, New York, Boston, Toronto, Belgium, Singapore, Melbourne and Sydney.