Company Sets Vision and Team to Power Next Stage of Growth
Redwood Shores, CA June 12, 2015 –– Saba, a leader in cloud-based Intelligent Talent Management solutions, today announced the appointment of Thomas Berquist as its Chief Executive Officer. Mr. Berquist succeeds Shawn Farshchi, who has guided Saba from its legacy as a pioneer and leader in learning management software to a key market player in the broader, $5 Billion Talent Management suite market.
Mr. Berquist joined Saba in March, with the close of Saba’s acquisition by Vector Capital, as Chief Operations Officer where he has already driven significant efficiencies in the business infrastructure and systems. He has built a strong track record in enterprise software including nine years in executive leadership roles at private equity-backed companies Corel as CEO and Ingres as CFO. Prior to that, he spent 10 years on Wall Street with Goldman Sachs, Citigroup and Piper Jaffrey, and six years at Deloitte implementing financial and operational on premise enterprise applications.
“Together with Shawn and Saba’s new board members from Vector Capital, I see a terrific market opportunity to leverage and extend Saba’s powerful cloud platform to provide an unparalleled hiring, development and engagement experience for businesses worldwide,” said Tom Berquist, Saba’s new CEO. “We are grateful to Shawn for his leadership in product innovation, cloud business growth and customer satisfaction that has helped build a tremendous global customer base, powerful platform and world class team, that we plan to extend and invest in, moving forward.”
Mr. Farshchi played a pivotal role during his four years at the company building out the Saba Cloud suite including Recruiting, Performance, Learning, Succession, Workforce Management and Compensation. Mr. Farshchi will maintain his seat on the Board of Directors and will continue in an advisory role on innovation and customer success initiative.
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