— Poised for rapid growth, ShopKeep continues to invest in infrastructure with appointment of John Baule to lead its finance team, international expansion and talent division–
NEW YORK – September 1, 2015 – ShopKeep, the cloud-based technology and business management solution for more than 18,000 small businesses, today announced the appointment of John Baule as the company’s new CFO, effective October 1st. Reporting to CEO Norm Merritt, Baule will oversee the company’s finance and talent functions and will also lead its international expansion efforts. The addition of an experienced CFO, coupled with its recent $60M Series D fundraising round, leaves ShopKeep well-positioned for continued, rapid growth.
Baule, a CPA, started his career with Peat Marwick and then spent nearly 10 years with Bristol-Myers Squibb, primarily working in the Asia Pacific region. He was also COO and CFO for K12 (NYSE:LRN), helping to build the infrastructure necessary to support the ed tech company’s rapid growth and its initial public offering in 2007. Most recently, Baule helped to lead ChannelAdvisor (NYSE:ECOM), a leading SaaS platform company, through their successful IPO.
“John’s appointment marks a significant milestone in ShopKeep’s history,” said Merritt, who has led the company since May 2014. “It’s rare to find someone with the leadership and drive that he brings to the table, as well his expertise in taking cloud companies public. I’m beyond excited to welcome John to ShopKeep during our period of accelerated growth and believe he will play an invaluable role in furthering our mission to help merchants run smarter businesses.”
“In electing to join ShopKeep, I was especially attracted by the combination of a high-quality management team, a reputation for outstanding customer service, and the opportunity to achieve exponential growth against a sizeable target market,” said Baule, who will work out of ShopKeep’s NYC headquarters.
Baule’s appointment reflects continuing momentum at ShopKeep. Earlier this month, the company announced a $60M Series D funding round, bringing its total funding to $97.2M. And in March, ShopKeep acquired Payment Revolution, a leading payment processor, which enabled ShopKeep to combine payment processing with its core point of sale functions and integrated tools for customer marketing, inventory and staff management, back-end reporting and detailed analytics.