In late November of 2017, I informed Fugue's Board that I intended to lead a search for a new CEO. We had a substantial amount of money on the balance sheet, some really impressive customers, a solid product, and a highly motivated team - many of the things needed to attract a world class CEO. My passion has always been for technology and team building, and it's been an amazing 4 years at the helm through the R&D and engineering phases of the company and well into the go-to-market execution phase, but I've known since founding Fugue that someday I'd look for a partner to fulfill Fugue's potential, and the time is right. Growing Fugue is now about execution in the market, building out great sales and marketing functions, and scaling the business. We've put together great teams to execute, but we now need an experienced and passionate CEO to lead the business into what it can and will be. I will remain Chairman of the board, and CTO.
We interviewed many candidates for the position, but Phillip Merrick really stood out to me and the others on the search committee for many reasons. I think you need a Founder mentality in the CEO, whether they were there for the initial creation of the company or not. Phillip founded one of the most successful startups in enterprise infrastructure software in WebMethods and took it all the way to IPO. It was clear in our conversations that he and I could work together as a partnership to really change how things are done on the cloud and realize the huge opportunity we have.
I've never been more excited about the future for Fugue!
Founder & CTO