DALLAS, August 23, 2016 – FPX, a leader in enterprise Configure-Price-Quote® (CPQ) applications, today announced Todd Boney has joined the company as Chief Financial Officer (CFO), effective August 1, 2016. Holding nearly 30 years of executive experience, Mr. Boney will contribute significantly to FPX’s growth strategies.
“FPX has established a diversified plan for organic growth and as we look at expanding the scope of our growth strategies, we’ve also expanded our executive team with contributors who can drive these plans,” said Dave Batt, Chief Executive Officer of FPX. “Todd Boney brings great experience to FPX with a strong track record of contributing to high-growth Software as a Service (SaaS) companies. We are delighted to welcome Todd to the FPX Management Team.”
After recently being acquired by private equity firm HGGC, FPX sought out a financial executive who specializes in managing the organizational changes brought about by significant growth. Mr. Boney certainly fits the criteria.
Throughout his career, Mr. Boney has lead corporate growth efforts for private equity-owned organizations by partnering with management teams and their ownership groups. His sales management expertise and experience working for other rapidly growing software companies make him uniquely qualified to support FPX’s expansion into international markets.
“FPX’s vision for its growth trajectory is what compelled me to join the company,” said Mr. Boney. “I am excited to take on this role and join such an experienced leadership team led by Dave Batt and to partner with members of HGGC.”
Mr. Boney has served as CFO for two other software companies, Strata Decision Technology and PreVisor, as well as Magnequench International, Inc., a specialty materials company. Owned by private equity firms, all three companies were industry and product leaders and all shared a common theme of rapid growth, driven in part by international expansion and M&A. Most recently, Mr. Boney founded a consulting business focused on M&A integration for companies owned by private equity firms.
Mr. Boney will be based in FPX’s Dallas headquarters.