REDWOOD CITY, Calif.--(BUSINESS WIRE)--Ivalua today announced that John McAdoo is joining its executive team as Chief Financial Officer (CFO). McAdoo brings with him many years of experience working in fast growth, high-tech companies including almost a decade at ARM Holdings. He offers an extensive background in corporate finance, financial planning and analysis, investor relations, strategic planning and risk management along with a deep appreciation for Ivalua and its unique position driving global procurement transformation.
“Ivalua continues its forward momentum, hitting our incredibly ambitious goals each year. As we accelerate growth and make Ivalua the leader in Spend Management, we will continue to develop our team to enable us to take on new challenges,” said David Khuat-Duy, Founder and Corporate CEO of Ivalua. “John offers proven experience leading companies through rapid growth.”
The appointment of John McAdoo as CFO is a key part of a broader investment in talent and technology since Ivalua’s $70M growth equity minority funding in April from KKR, a leading global investor. The company plans to increase overall headcount by 50% this year to drive innovation and penetrate new markets in Asia, LATAM and EMEA.
“I can’t imagine a more exciting time to join Ivalua,” said John McAdoo. “Ivalua is leading the transformation and digitization in spend management. David and his executive team recognize and appreciate the opportunity in Procurement, and I’m delighted to be a part of it.”
About Ivalua Inc.
Ivalua is the Procurement empowerment platform. Recognized as a Leader by Gartner, Ivalua’s Source-to-Pay suite is leveraged by over 250 leading companies across the globe to manage over $500 Billion in direct and indirect spend. The platform’s combination of ease-of-use, depth, breadth and flexibility ensures high employee and supplier adoption, rapid time to value and the ability to meet unique or evolving requirements, evidenced by the industry’s leading 98%+ retention rate. Realize the possibilities at www.ivalua.com. Follow us at @Ivalua.