Qualtrics Hires Microsoft Veteran Rachita Sundar as CFO

Portfolio - People | Nov 04, 2024 | EIN

Qualtrics Hires Microsoft Veteran Rachita Sundar as CFO

In a round-up of recent executive movements and industry developments, Qualtrics has appointed Rachita Sundar, a former Microsoft and HubSpot executive, as its new Chief Financial Officer. Sundar will lead the company's financial strategy from Seattle. Qualtrics, a data analytics company, recently reverted to private ownership and undertook significant staff reductions. Similarly, F5 has appointed Kunal Anand as Chief Innovation Officer, shifting from his previous role as CTO, while announcing its intention to hire a new CTO. The company recently reported a positive financial quarter, despite laying off a small portion of its workforce. Lumen Technologies, under the guidance of new board member Chris Capossela, is positioning itself as a critical player in AI-driven strategies. Former First Mode executives have initiated the Sol Zero Group, focusing on solving critical global challenges. Among other notable transitions, Melanie Roberts takes up a leadership role at the Washington State Academy of Sciences, and Valant, post-acquisition by Resurgens Technology Partners, names Rick Katz as CFO. Lastly, Graham & Walker welcomes Eric Ries, a prominent tech industry figure, to its advisory board, while Michael Olson joins Tala as Chief Operating Officer.

Sectors

  • Technology
  • Private Equity
  • Telecommunications

Geography

  • United States – The article features U.S.-based companies and individuals in locations including Seattle, Utah, California, and Louisiana.

Industry

  • Technology – The article involves companies operating in the tech sector such as Qualtrics, F5, and Tala.
  • Private Equity – The mention of Resurgens Technology Partners acquiring Valant places part of the article within the private equity sector.
  • Telecommunications – Lumen Technologies, a key participant, operates in the telecommunications sector.

Financials

  • Unknown sum – The acquisition price for Valant by Resurgens Technology Partners.
  • $747 million – F5's reported revenue for the fourth fiscal quarter.
  • $165 million – F5's GAAP net income for the fourth fiscal quarter.
  • 10% – The increase in F5's stock following the reporting of its earnings.

Participants

NameRoleTypeDescription
QualtricsTarget companyCompanyAn experience management company appointed Rachita Sundar as CFO.
Rachita SundarNew CFOPersonFormer SVP at HubSpot and finance director at Microsoft, now CFO at Qualtrics.
F5CompanyCompanyA Seattle-based application security and delivery company.
Kunal AnandChief Innovation OfficerPersonAppointed CIO at F5, previously CTO.
MicrosoftFormer EmployerCompanyProvided former employment for Rachita Sundar and Chris Capossela.
Lumen TechnologiesCompanyCompanyTelecom company with board member Chris Capossela, former Microsoft CMO.
Sol Zero GroupCompanyCompanyA think tank founded by ex-First Mode executives.
First ModeFormer EmployerCompanyThe previous employer of Sol Zero's founders.
Resurgens Technology PartnersPrivate Equity FirmCompanyAcquired Valant, an electronic health records company.
ValantTarget companyCompanyAn electronic health records and billing company acquired by Resurgens Technology Partners.