Symplified Appoints Andrew Evans Chief Financial Officer

  • May 20, 2011

Symplified, a cloud security company, announced that technology start-up veteran Andrew Evans has joined the company as its chief financial officer. Evans brings more than 20 years of financial management experience to Symplified, including 15 years working with venture-backed technology firms. His previous two companies, brand monitoring firm Umbria and financial securities risk management firm FTEN, were acquired by McGraw-Hill/JDPower and NASDAQ OMX respectively.

“The cloud market is experiencing enormous growth, with SaaS expected to expand 25.3 percent through 2014. Andrew Evans brings the exact combination of financial management, strategic planning, and start-up expertise for us to extend our leadership position as the fastest growing provider of cloud identity and access management,” said Eric Olden, CEO of Symplified. “He joins our seasoned management team and will provide the fiscal and business management leadership needed to ensure Symplified achieves its short and long-term objectives for managing growth, partnerships, and customer satisfaction.”

Evans brings a broad range of industry experience from venture-backed companies to Symplified, which includes managing finance, operations, sales, legal, human resources and administration functions. At FTEN, a provider of hosted financial securities risk management services, Evans oversaw management of the company’s delivery infrastructure. He has raised more than $110 million in equity and debt for technology companies at various stages of development from seed funding through private placements. His two most recent companies achieved rapid growth and successful exits. Brand monitoring firm Umbria was acquired by McGraw-Hill/JDPower in 2008, while FTEN was purchased by NASDAQ OMX in 2010. Evans began his career at KPMG in London and Sydney after graduating with a bachelor of science degree in chemical engineering from Birmingham University.

“Symplified quickly established the market for identity and access management and established itself as the leader,” Evans said. “The company has only scratched the surface of a very large market opportunity, so I am coming on board to help scale Symplified’s resources to meet explosive demand for our services. Joining Symplified at this point in time is an exciting professional and personal opportunity.”

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