Seattle-based tax compliance company Avalara added a trio of new executives to its leadership team, the company announced today.
Avalara hired Amit Mathradas as president and chief operating officer, Sanjay Parthasarathy as chief product officer, and Ross Tennenbaum as executive vice president of strategic initiatives.
“Our business has ambitious, exciting goals to pursue and achieving them will require immense skill and collaborative leadership, and with the addition of Amit, Sanjay, and Ross to our current accomplished team we are now even better positioned for the future,” Avalara co-founder and CEO Scott McFarlane said in a statement.
COO Amit Mathradas comes to the company from PayPal, where he led the payment service’s small business segment. He also spent 14 years at Dell, ending his time as general manager of the small business division.
“One of the many things drawing me to Avalara is the magnitude of the team’s vision — to be part of every transaction in the world,” Mathradas said.
Mathradas will receive a base salary of $450,000 as well as a $300,000 sign-on bonus, according to a regulatory filing. He’s also eligible for an annual performance-based bonus of 80 percent of his base salary.
CPO Sanjay Parthasarathy was the CEO of Indix, a product information company that Avalara bought earlier this month. Prior to Indix, Parthasarathy was a senior executive Microsoft for nearly two decades. (Fun fact: Parthasarathy hired Microsoft’s current CEO Satya Nadella in the 1990s.)
“Now, more than ever, Avalara’s mission to simplify compliance is essential,” Parthasarathy said in the statement. “I am excited about the opportunity to help Avalara deliver on its ambitious vision through the technologies, product, and people that enable our customers and partners.”
Ross Tennenbaum, executive vice president of strategic initiatives, was an investment banker with Goldman Sachs. As managing director of the bank’s technology investment business, Tennenbaum advised Avalara, which went public this past June.
“Through more than five years working with Avalara, I have grown to admire its leadership team, large market opportunity, and competitive leadership position,” Tennenbaum said in the statement. “I am thrilled to join Avalara’s exceptional team to help achieve our long-term vision.”
Avalara has grown to more than 1,600 employees across 12 offices worldwide and is valued at more than $3 billion. Earlier this month, the company posted a net loss of $9.8 million on revenue of $76.9 million for the fourth quarter.
