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Percussion Software Names Veteran Technology Finance Executive Mark Somol Chief Financial Officer(May 03, 2012)
WOBURN, MA -- (Marketwire) -- 05/03/12 -- Percussion Software, a leading provider of web content management and content marketing software, today announced it has named Mark Somol as Chief Financial Officer. 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 WCM functionality in an easy to use, downloadable app.
"Mark brings nearly 20 years of experience as a finance executive and venture capitalist to Percussion Software, and he has a proven track record in building and guiding technology companies at every stage of their growth," said Deidre Diamond, president and chief operating officer. "Over the past several quarters we have seen substantial growth as our product approach to WCM has taken hold in the market. We expect that momentum to continue and accelerate under Mark's financial leadership as we grow the company."
Before joining Percussion Software, Somol served as CFO and COO at Mzinga, widely recognized as a market leader and innovator in social software and analytics. During his tenure, Somol 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 $300 million venture capital fund, where as Principal he worked closely with the CEOs of portfolio companies on business strategy, raising capital, M&A transactions, and operations. Additionally, Somol Co-founded Highgate Ventures, a $75 million 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.
"Businesses desperately need a web content management product that allows them to easily keep pace with all that the social web throws their way," said Somol. "I'm convinced Percussion has the answer. Our team is turning this category on its head and delivering what marketers need -- an affordable, highly flexible, easy-to-use product that empowers them to move more content online faster and more efficiently than ever before. I'm excited to be a part of this story and look forward to helping guide the company through its rapid growth trajectory."
About Percussion Software
Percussion Software's products enable you to take control over your web content management and content marketing strategies to increase traffic, drive revenue, improve engagement, and create compelling online customer experiences. Delivered in a highly usable and affordable product package, hundreds of leading companies, education institutions, and government agencies are using Percussion to lower the costs of their content strategies and gain the flexibility to address "What's Next" on the web. Leading customers include vegas.com, weather.com, AutoTrader.com, Rentokil, Watchguard Technologies, Lancaster Bible College, Sunoco, The Commonwealth of Massachusetts, the City of Corpus Christi, Saba Software, the U.S. General Services Administration, and the U.S. Department of Health & Human Services. To learn more, visit www.percussion.com.
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