BOULDER — TeamSnap Inc. announced on Monday that the company has hired as chief financial officer Pat Benner, who twice in the past three years helped guide Louisville-based NexGen Storage through sales to other firms.
TeamSnap’s chief executive and cofounder David DuPont cautioned, though, that the hiring of Benner doesn’t mean the firm is strolling around with the stated goal of being acquired. But he did acknowledge that Benner’s experience could come in handy for a company that has its own track record of making acquisitions.
The EPEWA Act went into effect on January 1, 2021. Employers had to make robust changes to address and implement external employment opportunities and internal employee advancement opportunities. Is your business compliant?
“Mergers and acquisitions are just part of the portfolio of a broad-shouldered CFO,” DuPont said. “It is true that, as we grow and as we outdistance competitors in a fragmented market, I expect us to have acquisition opportunities.”
Benner replaces Daryl Overholt, who DuPont said left to pursue other interests. Overholt’s LinkedIn profile now lists him as CFO of Westminster-based World Panel.
Boulder-based TeamSnap — founded in 2009 by DuPont and four others — makes a mobile platform for keeping coaches, parents and young athletes in tune with every aspect of team life, from practice times and locations to game schedules to uniform and equipment needs.
The platform provides not only a consumer solution for coaches and athletes, but is also an enterprise play, as it relates to entire leagues signing on for the service.
As much as Benner’s merger and acquisition expertise, his unique experience in both the consumer and enterprise realms made him a strong fit, particularly, DuPont said, with such experience on the consumer side tougher to come by along the Front Range.
Benner served as CFO for flash-storage provider NexGen when it was acquired by Fusion.io in 2013. After SanDisk acquired Fusion.io, he helped guide NexGen as it spun off into its own company once again last year and then eventually merged with Texas-based Pivot3 earlier this year.
But he’s also served as CFO for a broad range of companies that includes TapInfluence, The Beryl Cos., StrionAir and McKesson Health Solutions.
“Pat has brought expertise in guiding companies through the kind of growth we’re experiencing,” DuPont said.
TeamSnap’s growth includes the acquisitions of Easy Team Manager in 2014 and the 2013 purchase of Weplay, which had significant venture backing, including investment and promotion from pro athletes such as Peyton Manning, LeBron James and Derek Jeter.
TeamSnap doesn’t disclose revenue, but it has seen its number of users double over the past 18 months to 10 million in 196 countries.
TeamSnap raised a $10 million Series B funding round last summer. At the time, the company had about 65 employees, roughly a third of whom were in Boulder. Without getting specific, DuPont said the company’s headcount is now approaching 100, though he said the pace of hiring is tapering off.
TeamSnap in January moved into a new office at the corner of 14th and Spruce streets in downtown Boulder that DuPont said should last awhile for the company, for which a large percentage of employees telecommute.