AMERICAN FORK — Business analytics innovator Domo announced a trio of new hires Tuesday, all of whom share pedigrees from well-known tech brands.
The company announced it has hired Rob Davy as new vice president of ecosystem; Pam Marion as its new chief customer success officer; and John Mellor will fill the chief strategy officer position. Davy, Marion and Mellor come from positions at Microsoft, European software giant SAP, and Adobe, respectively.
Domo specializes in a cloud-based software platform that provides businesses with data intelligence and analysis and was founded in 2010 by Utah serial entrepreneur Josh James. James previously co-founded and ran web analytics company Omniture, which was acquired in 2009 by Adobe for nearly $2 billion.
Domo has been on a roller-coaster ride, from a valuation perspective, since James and his team took the company public last summer. At one point valued at around $2 billion before it began the IPO process, the company was pilloried for information exposed in its filings with the U.S. Securities and Exchange ahead of its public markets debut, which it entered with a valuation of around $500 million.
Domo stock saw a nice jump on opening day, and rode a first year that saw its market capitalization briefly cross the $1 billion mark, but the stock has been on a downswing since a March high of about $43 per share. At the end of regular trading on Monday, Domo stock was priced at $25.51 per share, giving the company a market cap of just under $700 million.
James noted the company’s continued client growth, and the new talent addition, in a statement.
“We’ve been experiencing example after example of the world’s largest companies using Domo to transform their business,” James said. “The addition of John, Pam and Robert strengthens our ability to help organizations of any size understand how they can more rapidly achieve even greater benefits using Domo and putting real-time data to work across the entire enterprise.”
Davy worked for Microsoft for over 14 years, last serving as the company’s general manager for customer success unit in the financial services industry. Marion has a 25-year software background, including working for SAP over the last 12 years in various positions. Mellor most recently served as vice president for strategy and business operations for Adobe’s Digital Experience business, Adobe’s fastest-growing business unit, driving more than $3 billion in annual revenue.