Versa Networks, a leader in secure access service edge (SASE), has named former Medallia and NetSuite financial executive Lalit Kumar as its first Chief Financial Officer (CFO).
Kumar, a seasoned SaaS growth finance leader, joins Versa to further develop the financial infrastructure, teams, and processes which will increase the company’s growth. He has more than 20 years’ experience leading the growth of companies, including multiple successful exits.
Most recently, he was at Medallia, where he led a successful IPO and robust growth doubling revenue in his three years there. Prior to Medallia, Kumar led NetSuite through transformative growth with annual reoccurring revenue doubling to more than $1 billion and ultimately to a successful buyout by Oracle in one of the largest enterprise software deals at that time.
Early in his career, Kumar spent nearly 10 years at Dell Inc. leading the company through a period of rapid growth and significant IT landscape transformation.
“Lalit brings proven leadership in driving growth, successful exits, and building processes that Versa will leverage to continue on our aggressive growth trajectory,” said Kelly Ahuja, CEO with Versa Networks. “We look forward to benefiting from his proven expertise in scaling startups as we continue our rapid growth and global expansion to meet rising worldwide demand for Versa SASE.”