Stack Overflow has announced that it has hired Greg Hart as its new Chief Financial Officer. Hart has more than 20 years of experience in accounting and finance, with an additional 15 years of experience in leadership roles in both software and technology companies. Most recently, he was the CFO of Prosus , a cloud-based AI platform created by former Salesforce execs. In his new role, Hart will oversee all aspects of the company’s financial operations, from research and development to sales and marketing.
Stack Overflow, the world’s largest developer-focused Q&A website, has made a few job changes in the past week, including one to its Chief Financial Officer. The company has announced the appointment of Mike Muir to the role of Chief Financial Officer (CFO) (read full press release here).
Stack Overflow, the community where developers and programmers go to learn, share and help each other, has made a new hire: a new chief financial officer. The company has named the former CEO and CFO of mobile and mobile-enabled technologies company Prosus, Andrew L. Fisher. Fisher will be vice president of finance and operations at the company, which is based in San Francisco. The company said Fisher will be responsible for executing the company’s financial strategy and overseeing financial planning, budgeting and control, and will be responsible for the company’s treasury and investor relations functions.
After being purchased by European IT giant Prosus NV for $1.8 billion last month, Stack Overflow appointed Matt Gallatin as chief financial officer.
Mr. Gallatin began working for the New York-based firm, Stack Exchange Inc., on Aug. 16, according to the company. He was formerly the finance head of Reltio, a data management business located in Redwood Shores, Calif., after stints at technology companies Drawbridge Inc. (which was purchased by LinkedIn in 2019) and OneLogin Inc. Mr. Gallatin takes over at Stack Overflow from Jerry Raphael, who left in March after a year in the position to become finance head of cybersecurity company Axonius.
Stack Overflow is a free question-and-answer site for developers that was formerly sponsored by venture capital companies such as Union Square Ventures and Andreessen Horowitz. According to the business, the site has approximately 100 million monthly visits and earns a part of its income via advertising. It was purchased after raising $153 million.
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According to Jeffrey Hammond, vice president and senior analyst at Forrester Research Inc., the business has benefitted from the move to remote labor throughout the epidemic.
Mr. Hammond commented on the change in corporate workers to remote work, saying, “It provided an almost unforeseen opportunity for the team at Stack Overflow to give a lot of value.”
Stack Overflow provides an enterprise subscription service that enables workers inside a single business to communicate on a private platform, but the company refused to disclose revenue data. The service, which started four years ago and now accounts for roughly half of Stack Overflow’s income, is used by approximately 5,000 businesses, according to the company.
Stack Overflow’s CFO, Matt Gallatin.
Matt Gallatin/Getty Images
According to Chief Executive Prashanth Chandrasekar, the Prosus transaction gives the 13-year-old Stack Overflow the support of a big, well-funded business to accelerate development, including via possible acquisitions or corporate collaborations.
Mr. Chandrasekar said that Stack Overflow is seeking for a CFO to lead the company’s capital allocation choices and enhance the predictability of its financial performance. “Predictable and dependable financial performance is one of our strategic objectives, which as a CFO is all I could wish for,” Mr. Gallatin added.
To improve the company’s forecasting skills, he said he intends to invest in data analytics inside the finance department. Mr. Gallatin also said that within his department, he intends to concentrate on staff retention and skill development. The business employs approximately 300 people, with 16 of them working in finance and accounting.
According to Mr. Chandrasekar, Stack Overflow anticipates its enterprise subscription business to provide the bulk of its income over the next three years. In the three years before to the purchase, he said, the business was profitable.
Kristin Broughton can be reached at [email protected]
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Stack Overflow, an online platform that lets developers and software professionals share and discuss code, today announced that it has hired a new chief financial officer following the acquisition of the company by LinkedIn in August. Prosus, a Silicon Valley-based financial services company that has provided stock and bond trading services to companies including Apple, Google, Facebook, Netflix, Spotify, Twitter, and Uber, has been named to the CFO position.. Read more about prosus acquires stack overflow and let us know what you think.
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