Seasoned financial executive Sujan Jain joins as CFO; CRO Ted Krantz is named President
SAN FRANCISCO, Aug. 31, 2017 — App Annie, the most trusted app market data and insights company, announced the appointment of Sujan Jain to Chief Financial Officer (CFO) and the promotion of Ted Krantz, Chief Revenue Officer (CRO) to President. With the global app economy continuing to expand and expected to be valued at $6.3T by 2021, App Annie continues to experience rapid growth with both mobile-first and brick-and-mortar companies worldwide. In the first half of 2017, App Annie added new customers globally such as: Visa, Starz, LEGO, Index Ventures, SINA Corp, Viacom18 Digital Ventures and Headspace. Today 94 of the top 100 app publishers use App Annie to guide a successful app strategy.
New-to-mobile companies in banking, travel, retail and media and entertainment are embracing mobile apps as transformational to their business. App Annie, as the clear market leader, is providing these companies with the data and insights they need to build and execute their mobile app strategies. As President, Ted is positioned as second-in-command next to CEO and Co-Founder, Bertrand Schmitt, and will focus on leading the company's customer-centric efforts and go-to-market strategy and execution.
Newly-appointed CFO, Sujan Jain, brings a wealth of operating experience in implementing scalable infrastructure to support both public and private companies. Sujan most recently served as CFO at Couchbase, where he helped scale and build operations while taking the company through hyper growth. Prior to Couchbase, Sujan was CFO at Model N where he led the company's $120 million IPO financing. Before joining Model N, Sujan served as the VP of Finance and GM of Software Vertical for NetSuite.
"I am excited to have Ted and Sujan partner with me and our executive team to usher in the next phase of growth for App Annie. Their expertise is crucial as we scale our business and deepen our investment in a comprehensive solution — from our product suite and customer success to operations and professional services," stated Schmitt. "Mobile apps are transforming business models across all industries — and App Annie's core belief is that they allow the connection with consumers to be more personal, relevant and powerful than any other channel. Our goal is to help all customers achieve business success."
App Annie has experienced rapid financial and customer growth across industries and, as a result, launched several initiatives. The company:
- Saw YoY Active ACV growth across all segments including: 140% in Personal Finance and Banking, 76% in Social & Communications, and 50% in Corporate & B2B Services (from Q2'16 to Q2'17)
- Delivered a new customer and market education hub — App Annie Academy — to provide hands-on training and advanced learning across all aspects of running an app business
- Launched its first Professional Services with support for customers and partners in Mobile App Strategy, Marketing Strategy, Customer Engagement & Loyalty, API Customer Workflow and Business Intelligence
"I joined App Annie for its strong customer-centric vision, industry impact and, most importantly, its high market potential as the company enters this next stage of growth," says Sujan Jain, Chief Finance Officer, App Annie. "This promising combination, backed with a powerful product suite, has made App Annie the market leader in the app market data space. I'm looking forward to to help support the company's successes and growth alongside our team."
"App Annie is the market leader because of our consistent focus and investment in product over the years, which has allowed us to globally scale a comprehensive app market data offering," says Ted Krantz, President, App Annie. "As we expand our customer base, we will need to deepen our go-to-market strategy, operations and services to best serve those newer to mobile apps. I'm honored to be partnering even more closely with Bertrand on our next phase of growth."
For more information, please visit https://www.appannie.com.
About Ted Krantz
As President, Ted is responsible for the company's customer-centric efforts and go-to-market strategy. Ted has over 25 years of senior-level experience leading high-growth sales organizations across the technology industry. Most recently, he served as App Annie's CRO for two years. Prior to this role, he was CRO for global marketing software provider Kenshoo, where he led global sales and customer operations for three years. Prior to Kenshoo, he held senior-level sales positions at SAP and PeopleSoft. Ted holds an M.B.A, International Business and a Bachelor's degree from the University of Texas.
About Sujan Jain
As Chief Financial Officer, Sujan is responsible for finance, accounting, legal, facilities, investor relations and treasury. Sujan is an operationally-focused seasoned finance executive with over 20 years of strong track record managing large public companies to hyper growth private companies. Sujan most recently served as the SVP & CFO of Couchbase, a leading provider of subscription based NoSQL database software where he helped scale and build the operations while taking the company through hyper growth. Prior to Couchbase, as SVP & CFO, Sujan led a successful $120 million IPO for Model N, a leading provider of revenue management software. Prior to Model N, Sujan served as the VP of Finance and GM of Software Vertical for NetSuite / Oracle, a leading provider of SAAS / cloud based financials and ERP suites. Before joining NetSuite, Sujan served as the EVP & CFO at Transmeta Corporation and as CFO & Secretary at NanoAmp Solutions Inc. Sujan has held several investment banking and operating roles at J.P. Morgan Chase, Lazard and Schlumberger.
About App Annie
App Annie delivers the most trusted app market data and insights for your business to succeed in the global app economy. Over 800,000 registered members rely on App Annie to better understand the app market, their businesses and the opportunities around them. The company is headquartered in San Francisco with 450 employees across 15 global offices. App Annie has received $157 million in financing, including from investors such as Sequoia Capital, Institutional Venture Partners, IDG Capital Partners, e.ventures, Greenspring Associates, and Greycroft Partners.