Malbek hires new VP of finance to support its rapid growth

Artificial intelligence-fueled Contract Lifecycle Management platform Malbek on Wednesday said it hired Richard Colie as the company’s vice president of finance to support the organization’s ongoing growth. He leads all financial functions of the Princeton-based organization and brings his expertise in scaling successful Software-as-a-Service companies to the role.

“We are forecasting to more than double our revenue and customer base this year, and having Rich’s deep finance leadership experience with high-growth SaaS companies is a perfect fit for where we are as an organization and where we want to go,” Hemanth Puttaswamy, co-founder and CEO of Malbek, said in a statement. “As we continue to broaden our team of experts, we are perfectly positioned to scale the strong customer growth we’ve experienced over the past few years.”

The Malbek platform is trusted by Fortune 500 customers and other large enterprise teams, as well as many small to midsized high-growth organizations. By accelerating contract cycle times by 50% Malbek enables legal, sales, finance and procurement teams to achieve increased productivity.

Colie joins Malbek after more than a dozen years as a finance executive for multiple tech companies, spanning from SaaS startups to global leaders. Prior to Malbek, he spent last few years helping scale two venture capital-backed companies to 100-200% revenue growth. Before that, he spent seven years at Amazon, providing strategic financial vision and tactical support for some of the company’s largest and most disruptive initiatives.