SAN FRANCISCO - Cloudflare, Inc. (NYSE: NYSE:NET), a prominent cloud connectivity company, announced today the appointment of Mark Anderson as its new President of Revenue. Anderson, a seasoned executive with over 25 years of experience and a current board member of Cloudflare, is set to drive the company’s growth to reach and surpass $5 billion in annual recurring revenue.
Anderson's previous tenure as CEO of Alteryx (NYSE: NYSE:AYX) and his pivotal role in scaling Palo Alto Networks (NASDAQ:PANW)' revenue post-IPO to over $2.5 billion positions him as a strategic hire for Cloudflare. His experience also includes significant contributions to F5 Networks (NASDAQ:FFIV), where he played a key role in expanding the company's annual revenue to exceed $1 billion.
Matthew Prince, CEO and co-founder of Cloudflare, expressed enthusiasm for Anderson’s operational expertise and deep understanding of the company, which he has gained since joining the board in 2019. Prince anticipates that Anderson’s leadership will further strengthen Cloudflare’s sales organization and contribute to the company’s ambitious revenue targets.
In his new role, Anderson will oversee the sales, marketing, and customer success operations at Cloudflare, succeeding Marc Boroditsky, who will transition to an advisory role. Boroditsky’s efforts have been credited with repositioning Cloudflare’s sales approach, particularly towards enterprise buyers, which has been fundamental to the company’s recent growth.
Anderson's appointment is part of Cloudflare's strategic initiative to align its go-to-market strategy and operations more closely, aiming to scale the business efficiently. Cloudflare’s recent performance, including strong bookings in Q4 2023, is seen as a solid foundation for Anderson to build upon.
Cloudflare has made a name for itself by offering a unified platform of cloud-native products and developer tools, backed by one of the world's largest and most interconnected networks. The company is trusted by millions of organizations globally, providing security and performance enhancements for the internet.
This announcement is based on a press release statement from Cloudflare, Inc. and does not constitute an endorsement of the company or its strategies.
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