CARPINTERIA, Calif., July 7, 2016 — Procore, the leader in cloud-based construction management software, today announced the appointment of Perry Wallack, co-founder of Cornerstone OnDemand (NASDAQ: CSOD), to its board of directors. Wallack, who recently retired from his role as Cornerstone's chief financial officer, held the position for over 16 years since the company's inception in 1999. Wallack also serves on the boards of TigerText and Kareo.
"We're very fortunate to be adding someone with Perry's professional background to the board," said Tooey Courtemanche, CEO, Procore. "As we continue to scale our business, expanding our mid-market client base while pushing further into the enterprise space, Procore will truly benefit from Perry's financial expertise and leadership."
Wallack brings his 24 years of experience in finance, accounting, and tax and operations to Procore's board. During his time with Cornerstone, he built a world-class finance organization and led the company's financial and accounting operations throughout Cornerstone's growth trajectory as it emerged as a leading talent management vendor. During Wallack's tenure as chief financial officer, Cornerstone's performance made it one of the fastest growing publicly traded software companies in the world, with compound annual revenue growth of 50 percent since the company's initial public offering in 2011.
"I'm excited for the opportunity to work with the team at Procore as they continue to have a positive impact on the construction industry through new and innovative technology," said Wallack. "Procore's mission is to modernize construction, and I'm looking forward to sharing my expertise in cloud-based technology and strategy to help them achieve that goal. It is not easy to scale a SaaS company to nearly $500 million in sales, and I want to share all of my knowledge with the Procore team."
About Procore Technologies, Inc.
Procore, the world's most widely used construction project management software, helps construction firms simplify the construction process with a powerful, yet easy to use platform. With unlimited user licenses and user-centric product development, we are able to create the most intuitive and collaborative platform — resulting in immediate ROI. When all stakeholders have constant access to real time project information from anywhere, at any time, with any device, firms drastically increase their project efficiency, and more importantly, profit. For more information about Procore, or for a free demo, visit www.procore.com.