Appointment Coincides with Company Entering
Accelerated Growth Stage
HERNDON,
Va., April 17, 2024 /PRNewswire/ -- Exostar, a
leader in trusted, secure business collaboration solutions for
highly regulated industries including aerospace and defense, life
sciences, and healthcare, today announced the hiring of Dr.
Rick Simpson as Chief Finance
Officer. The move comes as the company anticipates building
on its record-setting success in the aftermath of its acquisition
by private equity firm Arlington Capital Partners.
Simpson strengthens executive leadership
team, bringing 20 years of CFO experience at companies similar to
Exostar.
"In addition to his core responsibilities leading all of our
financially related activities, Rick will play a key role in
developing our business strategies and in planning, executing, and
integrating acquisitions as we embark on the next phase of our
corporate journey," said Richard
Addi, Exostar's President and CEO. "He brings a long,
consistent track record of success helping companies like ours
achieve their growth objectives. Right person, right place,
right time."
Simpson joins Exostar with 30 years of directly relevant
experience, including the last 20 years as a CFO. In that
role, he has overseen functions including strategy, corporate
development, financial planning and analysis, accounting, legal,
human resources, and corporate IT. He has led dozens of
acquisitions, divestitures, and joint ventures worth billions of
dollars, as well as offerings totaling billions of dollars,
including public bonds, commercial paper, and other corporate
finance options.
Over the course of his career following receipt of his PhD and
MA degrees in finance and economics from Vanderbilt University, Simpson has worked for
domestic and international publicly traded enterprises and private
equity owned small and mid-sized businesses. Several of these
firms, such as ArisGlobal and Appriss, offer Software-as-a-Service
solutions targeting highly regulated industries like life sciences
and healthcare. He comes to Exostar from CB Insights, a SaaS
provider of data, insights, and analytics on private technology
companies.
"Richard and the entire Exostar team have done an outstanding
job transforming the company over the past several years to better
serve an expanding customer community via the products and
solutions of The Exostar Platform, while staying true to their
mission and core values," Simpson said. "They have laid the
foundation for rapid organic and inorganic growth. I'm
looking forward to doing my part, so we continue to deliver on the
promise to our customers and realize our enormous potential
together."
About Exostar
The Exostar Platform supports exclusive communities within
highly regulated industries where organizations securely
collaborate, share information, and operate compliantly.
Within these communities, we build trust. Over 200,000
companies and agencies in 175 countries trust Exostar to strengthen
security, reduce expenditures, raise productivity, and help them
achieve their digital transformation initiatives. More than
half of the Defense Industrial Base, including 98 of the top 100,
transact business over The Exostar Platform. Ten of the top
twenty global biopharmaceutical companies rely on The Exostar
Platform to help them speed new medicines and therapies to
market. Exostar is a Gartner Cool Vendor. For more
information, please visit www.exostar.com, and follow Exostar on
LinkedIn and X.
Media Contact:
Alan Gilbert Exostar
(703) 624-4675 (m)
Alan.Gilbert@exostar.com
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SOURCE Exostar