Seasoned Financial Executive Sujan Jain Joins as CFO; CRO Ted Krantz Is Named President
App Annie, the most trusted app market data and insights company, announced the appointment of Sujan Jain to Chief Financial Officer (CFO) and the promotion of Ted Krantz, Chief Revenue Officer (CRO) to President. With the global app economy continuing to expand and expected to be valued at $6.3T by 2021, App Annie continues to experience rapid growth with both mobile-first and brick-and-mortar companies worldwide. In the first half of 2017, App Annie added new customers globally such as: Visa, Starz, LEGO, Index Ventures, SINA Corp, Viacom18 Digital Ventures and Headspace. Today 94 of the top 100 app publishers use App Annie to guide a successful app strategy.
Newly-appointed CFO, Sujan Jain, brings a wealth of operating experience in implementing scalable infrastructure to support both public and private companies. Sujan most recently served as CFO at Couchbase, where he helped scale and build operations while taking the company through hyper growth. Prior to Couchbase, Sujan was CFO at Model N where he led the company’s $120 million IPO financing. Before joining Model N, Sujan served as the VP of Finance and GM of Software Vertical for NetSuite.
“I am excited to have Ted and Sujan partner with me and our executive team to usher in the next phase of growth for App Annie. Their expertise is crucial as we scale our business and deepen our investment in a comprehensive solution — from our product suite and customer success to operations and professional services. Mobile apps are transforming business models across all industries — and App Annie’s core belief is that they allow the connection with consumers to be more personal, relevant and powerful than any other channel. Our goal is to help all customers achieve business success,” stated Schmitt.
App Annie has experienced rapid financial and customer growth across industries and, as a result, launched several initiatives. The company:
- Saw YoY Active ACV growth across all segments including: 140% in Personal Finance and Banking, 76% in Social & Communications, and 50% in Corporate & B2B Services (from Q2’16 to Q2’17)
- Delivered a new customer and market education hub — App Annie Academy — to provide hands-on training and advanced learning across all aspects of running an app business
- Launched its first Professional Services with support for customers and partners in Mobile App Strategy, Marketing Strategy, Customer Engagement & Loyalty, API Customer Workflow and Business Intelligence
“I joined App Annie for its strong customer-centric vision, industry impact and, most importantly, its high market potential as the company enters this next stage of growth. This promising combination, backed with a powerful product suite, has made App Annie the market leader in the app market data space. I’m looking forward to supporting the company’s successes and growth alongside our team,” says Sujan Jain, Chief Finance Officer, App Annie.
“App Annie is the market leader because of our consistent focus and investment in product over the years, which has allowed us to globally scale a comprehensive app market data offering. As we expand our customer base, we will need to deepen our go-to-market strategy, operations and services to best serve those newer to mobile apps. I’m honored to be partnering even more closely with Bertrand on our next phase of growth,” says Ted Krantz, President, App Annie.