PlanetBids Expands Leadership Team with New Appointment
PlanetBids, a dynamic player in the procurement software market, recently announced an important addition to its leadership team. Kaleb Boudreaux has been appointed as the Senior Vice President of Finance, directly reporting to CEO David DiGiacomo. In this pivotal role, Mr. Boudreaux will focus on maintaining the company’s financial well-being, steering strategic growth initiatives, and providing expert advice on investment strategies, cost efficiencies, and comprehensive risk management.
About Kaleb Boudreaux’s Experience
Kaleb Boudreaux brings a wealth of experience to PlanetBids, having previously served as Director of Finance at Veriforce, a reputable supply chain risk management firm. During his seven-year tenure there, he was instrumental in shaping financial strategies, orchestrating mergers and acquisitions, and enhancing budgeting and forecasting processes. His career beginnings were with the renowned PriceWaterhouseCoopers, where he honed his financial skills and insights.
Comments from the CEO
Mr. DiGiacomo expressed his enthusiasm about Mr. Boudreaux's arrival, stating, "I’m thrilled to welcome Kaleb to the PlanetBids team. His keen analytical skills and comprehensive M&A experience precisely match our ambitions for sustainable growth through both organic expansion and strategic acquisitions." His confidence reflects the high expectations for what Mr. Boudreaux will contribute in this new capacity.
Mr. Boudreaux’s Vision for PlanetBids
In a statement reflecting his excitement about the new role, Mr. Boudreaux said, "Joining PlanetBids represents an exciting opportunity as we strive for thoughtful and strategic growth, ensuring our customers benefit from a modern, intuitive platform that delivers significant value." His commitment to partnership with the talented team at PlanetBids and their ally, Capstreet, underscores the company’s focus on meeting the increasing demand for streamlined procurement solutions.
About PlanetBids
Founded in 2000, PlanetBids offers innovative procurement solutions tailored to government agencies, private firms, nonprofits, and educational institutions. With a commitment to enhancing supplier outreach, PlanetBids provides its customers with vital control and transparency over expenditures, simplifying traditional procurement processes. Their eProcurement solutions are designed to be user-friendly, reliable, and secure, supporting sustainable practices across diverse sectors.
About Capstreet
Capstreet, established in 1990, is a distinguished investment firm specializing in the lower middle market. Their portfolio includes software, tech-enabled services, and industrial businesses. With over 50 platform investments and more than 200 add-on acquisitions, Capstreet is dedicated to accelerating growth and building sustainable enterprises through its Capvalue Framework, which enhances profitability and fosters long-term success.
Contact Information
For more details, please contact:
Lambert
Joanne Lessner, 212-222-7436, jlessner@lambert.com
Jennifer Hurson, 845-507-0571, jhurson@lambert.com
Frequently Asked Questions
What is the role of Kaleb Boudreaux at PlanetBids?
Kaleb Boudreaux serves as the Senior Vice President of Finance, overseeing financial strategy and growth initiatives.
What company is behind PlanetBids?
PlanetBids is backed by Capstreet, which is focused on investment in software and technology-enabled services.
What solutions does PlanetBids provide?
PlanetBids offers procurement software solutions that assist various organizational sectors in managing supplier outreach and controlling expenditures.
What experience does Mr. Boudreaux bring to his new role?
Mr. Boudreaux has extensive experience in finance, having previously worked with Veriforce and PriceWaterhouseCoopers in significant financial roles.
How is Capstreet positioned in the market?
Capstreet specializes in the lower middle market, emphasizing sustainable growth and profitability in its portfolio companies.
