INRIX is driving toward an initial public offering, and today the Kirkland-based provider of traffic information analysis hired a new chief financial officer to help guide the way. The spin-out from Microsoft Research has hired Saul Gates, the former senior vice president of finance and chief accounting officer at Coinstar, to lead the company’s financial operations. Prior to Coinstar, Gates worked at Microsoft and Pricewaterhouse Coopers, where he primarily worked with multi-national clients in the U.S. and South Korea.
“Saul brings a tremendous amount of finance experience from his previous roles at multinational companies like Coinstar and Microsoft. This will be invaluable in providing a solid foundation for INRIX’s next growth stage,” said INRIX CEO Bryan Mistele in a statement.
Gates replaces Jeff deCillia, who will remain with the company in a new operational role, likely with INRIX’s growing European operations.
INRIX also named Mike Arcuri, the former vice president of marketing and executive producer at Zipline Games, to the position of vice president of mobile applications. Previously Arcuri worked with World Blender, Photobucket, Ontela and Microsoft. And the company tapped He Bing as director of China Business Development, working out of the company’s Beijing office. He previously worked as vice president of sales at Aircom Technologies and helped the company transition its business from a regional to a national technology provider. He has also held previous positions with Alcatel, Motorola and NEC Electronics.
INRIX has been bolstering its board and management team in recent months as the company preps for a possible initial public offering. Earlier this year, it hired Tracy Daw, who previously served as RealNetworks’ chief legal officer, as general counsel. Late last month, the company named former Microsoft CFO John Connors to its board, following the appointment of former Blue Nile CEO Diane Irvine in July.
In October, INRIX reportedly picked Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. to help lead the efforts on a 2013 IPO that could raise up to $100 million. The company raised a $37 million round of venture capital and purchased its largest European rival for $60 million last year.