Former CFO for NetSec and CareerBuilder to Continue BroadSoft’s Smart Growth
Gaithersburg, MD, July 16, 2007 — BroadSoft, Inc., a leading provider of VoIP application software, today announced the appointment of James A. Tholen as chief financial officer. Tholen brings to BroadSoft more than 20 years of financial management experience and has played key roles in major strategic moves for several notable companies, including CareerBuilder, Inc. He will direct BroadSoft's financial operations, including accounting and administrative functions.
Tholen previously served as both chief financial officer (CFO) and chief operating officer (COO) at NetSec, Inc., a managed and professional security services company acquired by MCI (now Verizon Business). Prior to NetSec, he served as chief strategy officer and CFO for CareerBuilder and was a founding member of that company’s board of directors. Tholen was an integral player in growing CareerBuilder into the No. 2 company in the Internet job board recruiting market.
Prior to CareerBuilder, Tholen was COO and CFO for FTP Software, and CFO at The Compucare Co. He also served as vice president of corporate development at Legent Corp., and was a technology investment banker at Morgan Stanley & Co.
"I’m pleased to welcome such a tried-and-true financial executive to BroadSoft. Jim’s proven track record of boosting company performance and his vision as a business strategist make him an important addition to our management team," said Michael Tessler, president and CEO of BroadSoft. "Jim will oversee our financial operations and manage our growth as we continue to expand our customer base globally.”
"I am excited about this opportunity. BroadSoft’s vision, commitment to innovation, worldwide market leading offerings, and dedication to helping its customers succeed is espoused by every employee," said Tholen. "I look forward to playing a role in the company’s continued growth."
Tholen will assume the main financial responsibilities at BroadSoft, taking over for Phil Salopek, who has been appointed vice president responsible for corporate development, including M&A, strategic planning and special projects. “As BroadSoft continues its explosive growth and with the significant opportunities in front of us, I am excited about my new role and the opportunity to contribute to the next phase of our success,” said Salopek.
Before BroadSoft, Salopek served as CFO and Secretary of Approva Corp., the leading provider of continuous controls monitoring and audit software. Prior to that, he held several financial management positions, including CFO and Treasurer, at AXENT Technologies, a public security software and services company acquired by Symantec.
“With these changes, we continue to strengthen our management team,” added Tessler. “As chief financial officer, Phil has been instrumental in building BroadSoft through a period of significant growth into a financially solid global company that is the market share leader in VoIP application software. He is an invaluable member of our executive team. In his new role, BroadSoft will continue to benefit from Phil’s strategic expertise and business savvy.”
BroadSoft provides VoIP application software that enables the delivery of hosted telephony and multimedia services. Its flagship BroadWorks® technology empowers wireless, wireline and cable carriers to deliver next-generation voice and multimedia applications and advanced features that enable them to increase revenue, enhance competitive differentiation and elevate customer satisfaction. BroadSoft's family of carrier-class software products delivers the scale, open architecture and reliability that the world's leading telecommunications companies demand to serve mission-critical enterprise and residential broadband customers. BroadSoft provides VoIP applications to 7 of the top 10 and 13 of the top 25 largest carriers worldwide, as measured by recent annual revenue, including Korea Telecom, Singtel, Sprint, Telefonica de Espana, Telstra, T-Systems, and Verizon. For additional information, go to www.broadsoft.com.