Whaleback Systems has promoted chief financial officer Karil Reibold to chief executive officer. Reibold joined Whaleback in October 2008 to oversee finance and administration and will now be responsible for all aspects of Whaleback’s operations. That includes administration, engineering, finance, human resources, sales and marketing. Reibold brings extensive “C level” expertise in management, finance and operations with more than 20 years experience leading technology startups in all phases of growth.
Over the course of her career, Reibold has helped companies raise in excess of $300 million in venture capital and has worked on staff or as a consultant to venture funds in Silicon Valley and Boston. As an entrepreneur in residence for Norwest Venture Partners, she served as an operating partner assisting with numerous portfolio companies. Karil also served as CFO and vice president of finance and operations for Annuncio Software through its successful acquisition by Peoplesoft in January 2002. As a partner at David Powell Inc. Financial Services, she worked with more than 20 startups such as Netratings Inc, where she was acting CFO from inception through IPO.
“As businesses continue to transition from circuit- switched to packet-based telephony systems and services, there is a tremendous opportunity for young technology companies such as Whaleback to reshape the competitive landscape and deliver business telephony services that deliver more value, features and efficiencies to the SMB market than the incumbent class of service providers and PBX vendors,” said Reibold.