Yodlee, a provider of personal financial management (PFM) and integrated payments solutions, has appointed Jim Frankola as chief financial officer (CFO).
Frankola joins from Ariba, a provider of spend management solutions, where he was executive vice president (EVP) and held the role of CFO from 2001 through 2008. He led Ariba through several transformations, transitioning Ariba from a traditional enterprise application vendor to a top-performing software-as-a-service (SaaS) company. Frankola also helped define the strategy that has positioned Ariba as the global leader of cloud-based collaborative commerce solutions. As a measure of this success, Ariba built one of the leading on-demand businesses with US$152m in 2009 SaaS revenues, while improving its overall non-GAAP net income margins from breakeven in 2002 to 18% in 2009.
Prior to Ariba, Frankola held various financial and executive positions at Avery Dennison Corporation and IBM.
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