Craig Dynes Joins Continuum's Board of Directors
Tuesday, April 5, 2016
Craig Dynes, former CFO at Pegasystems Inc. and Dealer.com, has been appointed to the board of directors at Continuum. He brings more than 30 years of experience in the software industry. Most recently, while preparing for an Initial Public Offering (IPO) for Dealer.com, Dynes negotiated and closed the sale of the 800-plus-person software-as-a-service company to Dealertrack for $1 billion.
"Craig has a tremendous amount of financial experience including acquisitions, taking companies public and transforming business models," said Michael George, CEO, Continuum. "We believe his expertise and advice will help guide Continuum on its next phase of growth and we are delighted to have someone with his experience to assist us."
Prior to Dealer.com, Dynes was CFO at Pegasystems when the company was ranked number 16 on the Fortune 100 list of fastest-growing public companies. He has held numerous financial positions for both startup and public companies, including CFO for Demandware, SilverStream Software, Powersoft/Sybase and Watcom. While at SilverStream, Dynes completed nearly a dozen acquisitions by the company and then the acquisition of SilverStream by Novell in 2002. He also raised approximately $300 million through an IPO and follow-on offering there, as well as approximately $100 million through many private financings. Dynes has a wide range of experience in the software business, including acquisitions (both as acquirer and target), writing code, sales and complete strategic- and business-model transformations. He is also on the board of directors for Applause.com and CarNow Inc.
"I am very pleased to be joining the board of such a great company," Dynes said. "I will apply my experiences to help propel Continuum forward in the managed IT services industry."
Dynes joins John R. Carroll, managing director at Summit Partners, James Foy, executive chairman at SemantX and Continuum CEO Michael George on the Continuum Board of Directors.