Percussion Software, a provider of web content management and content marketing software, has named Mark Somol as chief financial officer (CFO). Somol will lead all finance, accounting, and corporate development strategy for the company as it witnesses significant growth and demand for its Percussion CM1 web content management product, the only offering to deliver full web content management (WCM) functionality in an easy to use, downloadable app.
Before joining Percussion Software, Somol served as CFO and chief operating officer (COO) at Mzinga, a social software and analytics company. During his tenure, he helped the company grow in strategic areas, launch a new analytics strategy and product, raise venture capital, and put in place an infrastructure to scale the business.
Prior to Mzinga, Somol spent seven years with NeoCarta Ventures, a US$300m venture capital fund, where as principal he worked closely with the chief executive officers (CEOs) of portfolio companies on business strategy, raising capital, merger and acquisition (M&A) transactions, and operations. Additionally, Somol co-founded Highgate Ventures, a US$75m venture capital fund that invests in software and information technology companies, and held investing and operating roles at GE Capital and Oracle. Somol holds a Bachelor’s degree in quantitative economics from Stanford University and received an MBA with Distinction from the Wharton School of the University of Pennsylvania.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.