Former SVP and CFO of Model N (NYSE: MODN) Becomes CFO of Couchbase
Mountain View, Calif. – June 17, 2014 - Couchbase, Inc., provider of the most complete NoSQL database, today announced the appointment of Sujan Jain as its SVP & Chief Financial Officer, expanding its management team to accelerate the company’s rapid growth as more and more enterprises build mission critical applications on NoSQL.
In the past year, Couchbase has achieved 400% growth, doubled the employee base and added large enterprise customers around the world, including Amadeus, Beats, Neiman Marcus and Viber. Jain will be responsible for the continued development of the company’s long-term financial success and will oversee all Couchbase financial and operational functions.
“Adding our CFO is a significant step forward for Couchbase as we continue to progress on our path to becoming a publicly traded company,” said Couchbase CEO Bob Wiederhold. “Sujan has impressive credentials that include senior executive positions responsible for increasing business, leading finance and operations, as well as serving as a board advisor for both publicly and privately held companies. We are thrilled to have Sujan join our leadership team.”
Mr. Jain is an operationally focused, seasoned executive with a strong track record in strategic planning, financial management and growing and scaling global organizations. He most recently served as the Senior Vice President and Chief Financial Officer of Model N (NYSE: MODN), a leading provider of revenue management software, where he led a successful $120 million Initial Public Offering within a year of joining the company. Prior to Model N, Mr. Jain served as the Vice President of Finance and General Manager of the software vertical for NetSuite, Inc. (NYSE: N).
Mr. Jain has also held Chief Financial Officer positions at Transmeta Corporation and at NanoAmp Solutions. Additionally, he has held several investment banking and operating roles at J.P. Morgan Chase, Lazard and Schlumberger. Mr. Jain is also an advisor to several publicly and privately held high-tech companies.
“Couchbase is showing incredible traction among the Fortune500 as the most scalable and reliable NoSQL solution for enterprise big data initiatives,” said Jain. “The adoption of Couchbase Server for mission critical applications by large, global organizations, as well as its experienced executive team, are what attracted me to the company. I am excited to leverage my experience working with pre and post IPO companies to extend Couchbase’s leadership in the NoSQL industry.”
Sujan holds a MBA, with Beta Gamma Sigma honors, from Columbia University, a B.S. degree in engineering from Delhi Institute of Technology and is a certified public accountant.
Couchbase provides the world’s most complete, most scalable and best performing NoSQL database. Couchbase Server is designed from a simple yet bold vision: build the first and best, general-purpose NoSQL database. That goal has resulted in an industry leading solution that includes a shared nothing architecture, a single node-type, a built in caching layer, true auto-sharding and the world’s first NoSQL mobile offering: Couchbase Mobile, a complete NoSQL mobile solution comprised of Couchbase Server, Couchbase Sync Gateway and Couchbase Lite. Couchbase Server and all Couchbase Mobile products are open source projects. Couchbase counts many of the worlds biggest brands as its customers, including Amadeus, Bally’s, Beats Music, Cisco, Comcast, Concur, Disney, eBay / PayPal, Neiman Marcus, Orbitz, Rakuten / Viber, Sky, Tencent and Verizon, as well as hundreds of other household names worldwide. Couchbase is headquartered in Silicon Valley, and has raised $56 million in funding from Accel Partners, Adams Street Partners, Ignition Partners, Mayfield Fund and North Bridge Venture Partners. www.couchbase.com