Infor, the industry cloud company, announced it has hired Wall Street veteran Jeff Laborde as Chief Financial Officer. Laborde, who reports to Infor CEO Charles Phillips, joins as Infor is experiencing high growth, particularly in bookings of its cloud applications, up more than 300% year-over-year in its most recent fiscal year, which ended 30 April 20151.
"After investing heavily in R&D to deliver the first set of industry suites delivered in the cloud, Infor is heading into a period of high growth," said Charles Phillips, CEO of Infor. "Jeff Laborde, with his extensive background in technology finance, is a perfect fit to help guide Infor through this next phase in the evolution of the company."
Laborde most recently served as CFO of SumTotal Systems, a supplier of Human Capital Management (HCM) software. Prior to SumTotal Systems, Laborde was a managing director at Goldman, Sachs & Co. in the Technology, Media & Telecom Group. Earlier in his career, Laborde served in Credit Suisse First Boston's Technology Group and Arthur Andersen LLP's Audit and Business Advisory Group. He has an MBA from the Wharton School of the University of Pennsylvania.
1 With the change in its fiscal year end from 31 May to 30 April effective for fiscal 2015, Infor's results for fiscal 2015 reflect the 11-month transition period from 1 June 2014 through 30 April 2015. The bookings increase reflected above relates to the 11-month transition period of fiscal 2015 and the comparable unaudited 11-month period from 1 June 2013 through 30 April 2014, as recast for fiscal 2014.
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