SaaS Veteran Pete Childs Joins Workfront as Chief Financial Officer

SILICON SLOPES, Utah, Nov. 12, 2015 /PRNewswire/ — Workfront, the leading provider of cloud-based Enterprise Work Managementsolutions, today announced Pete Childs joined the company as its new Chief Financial Officer and a member of the executive leadership team.

As Workfront’s Chief Financial Officer, Childs will be responsible for the overall financial strategy and direction of Workfront, as well as the finance, accounting, planning, and legal teams.

Childs brings over 20 years of experience working in finance leadership, including the successful completion of two IPOs. Prior to Workfront, Childs was the Chief Financial Officer at Cvent, a leading cloud-based enterprise event management platform. During his tenure at Cvent, Childs completed a $1 billion IPO and a successful follow-on less than six months later. He also contributed to the company’s high growth, and profitability with a 30+% CAGR, resulting in a doubling of revenue while maintaining positive margins during his tenure. Childs also held leadership positions at HCR ManorCare and Towers Watson, where he also participated in the company’s IPO.

“Pete is a great addition to the Workfront team due to his proven success and in-depth knowledge of what it takes to financially manage a high growth SaaS company,” said Eric Morgan, CEO of Workfront. “Pete’s insight and experience will play a vital role in the direction we take the company in the future.”

Childs replaces former Workfront CFO Michael Olsen, who left the company earlier this year for personal reasons.

Childs joins Workfront at an exciting time as the company just announced $33 million in funding and the acquisition of online review and approval leader ProofHQ, both of which add to Workfront’s growing opportunity. Workfront was also recently listed as a Leader in the Gartner Inc., 2015 Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services[1] and a Challenger in the Gartner Inc, 2015 Magic Quadrant for Marketing Resource Management[2].

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About Workfront

Workfront is a cloud-based Enterprise Work Management solution that helps marketing, IT, and other enterprise teams conquer the chaos of excessive email, redundant status meetings, and disconnected tools. Unlike other tools, Workfront Enterprise Work Cloud is a centralized, easy-to-adopt solution for managing and collaborating on all types of work through the entire work lifecycle, which improves team productivity and executive visibility. Workfront is trusted by thousands of global enterprises, like, Cisco Systems, Comcast, iProspect, Schneider Electric and Trek. To learn more, visit or follow us on Twitter @Workfront_Inc.