Rackspace Appoints Former Ariba President to Board
Rackspace, the managed cloud company, named Kevin Costello, 52, has joined the Rackspace board of directors. A veteran in the SaaS industry, Costello served as the president of Ariba for six years. When SAP acquired Ariba in 2012, Costello continued to serve as president, where he focused on driving the Ariba solution through the SAP cloud go-to-market organization to ensure successful integration. Prior to Ariba and SAP, Costello served in various senior management positions during his 18-year career at Andersen Business Consulting.
LogMeIn Gets New CFO
LogMeIn promoted Edward (Ed) K. Herdiech to CFO and treasurer. Having joined LogMeIn in 2006, Herdiech currently serves as the company's SVP of finance and principal accounting officer. Current LogMeIn CFO Jim Kelliher has resigned from his position to pursue an executive role at a Boston-area technology startup. Kelliher, who has served as CFO since 2006, will assist Herdiech during the transition.
Digital River CFO to Resign
Stefan B. Schulz intends to resign as CFO of Digital River, for personal reasons, effective after the closing date of the Company's previously announced and pending merger pursuant to the Agreement and Plan of Merger, by and among the Company, Danube Private Holdings II, and Danube Private Acquisition Corp., each of which is an affiliate of Siris Capital Group.
Date Range: December 11th 2014 - January 3rd 2015