Cloud technology company Boomi has announced that its Board of Directors has appointed David Meredith as chief executive officer, effective Jan. 31, 2022. Meredith comes to Boomi from NASDAQ-listed Everbridge, where during his tenure as CEO, the company experienced rapid revenue growth.
Meredith brings to Boomi over 25 years of executive leadership across both multi-billion-dollar public companies as well as private equity-backed technology platforms. His appointment follows the retirement of incumbent CEO Chris McNabb.
“Boomi’s cloud-native technology serves as critical infrastructure and enables companies to compete, win, and grow in today’s digital environment,” said Meredith. “The company is a true innovator, and I am thrilled to partner with Francisco Partners and TPG to lead Boomi through the next stage of the company’s growth journey.”
“We thank Chris for his years of leadership in scaling the business and are thrilled to welcome David Meredith to Boomi,” said Brian Decker and Andrew Kowal of Francisco Partners. “David’s track record scaling category-leading software-as-a-service and infrastructure providers and his thought leadership within the industry make him the perfect choice to lead Boomi through its next phase of growth.”
Francisco Partners and TPG acquired Boomi earlier this year, in a $4 billion transaction that established the iPaaS leader as an independent company. Meredith’s appointment marks another milestone in a year of strong momentum for the company.
“David has proven himself as a capable leader over the last two dozen years working in this industry, and he has the vision and experience to expand Boomi’s position as an innovative leader in one of the fastest-growing segments in software,” said Nehal Raj and Art Heidrich of TPG Capital. “We also want to recognize Chris McNabb, who successfully established the company as a market leader and trusted partner to many organizations across the globe. We thank him for his leadership and wish him all the best in retirement.”