SEATTLE, WA--(Marketwired - Jun 20, 2014) - Today, PayScale, Inc. -- the leader in cloud compensation data and software -- announced the appointment of Dave Smith to Chief Product Officer. In this new role, Smith will now be responsible for the company's strategic direction, building upon PayScale's impressive business growth and recent $100 million investment from Warburg Pincus. Smith will now also be responsible for defining PayScale's B2B product strategy, in addition to management of the company's B2B sales, marketing and product development teams. Additionally, Dave will become an observer on the board of directors.
"PayScale has experienced impressive growth every year since Dave joined the company and his contributions have played a huge role in our overall success," said PayScale's Chief Executive Officer, Mike Metzger. "Our executive team and board are very excited Dave is now also focused on the company's strategic direction. As a result, our products and services will ensure customers are even better equipped to attract and retain the best people in the increasingly competitive talent market."
Smith joined PayScale in 2009 as Senior Vice President of Marketing, Sales and Business Development and he was promoted to Chief Revenue Officer in 2011. Under Smith's leadership, PayScale grew its customer base to include more than 3,000 subscription customers and year-over-year revenue increased more than 40 percent. Prior to joining PayScale, Smith held executive roles at CareerBuilder and ran product marketing and business development at Unicru. He holds a Master of Business Administration from Portland State University.
"More companies than ever are using human capital management solutions and advanced analytics to make more informed business decisions. PayScale is squarely in the center of this booming trend," said Smith. "Our customers prefer real time compensation data and services over traditional, static annual compensation surveys. I look forward to extending our current products and services to help customers make compensation management a strategic asset for managing their most valuable resource -- their people."
For more information about PayScale and its leadership team, please visit: www.payscale.com.
Creator of the largest database of individual compensation profiles in the world containing 40 million salary profiles, PayScale, Inc. provides an immediate and precise snapshot of current market salaries to employees and employers through its online tools and software. PayScale's products are powered by innovative algorithms that dynamically acquire, analyze and aggregate compensation information for millions of individuals in real-time. Publisher of the quarterly PayScale Index™, PayScale's subscription software products for employers include PayScale MarketRate™, PayScale Insight™, and PayScale Insight Expert™. For more information, please visit: www.payscale.com or follow PayScale on Twitter: http://twitter.com/payscale.