OTTAWA, ON – June 27, 2023 – Alludo, a global technology company behind award-winning brands including Parallels, Corel, MindManager, and WinZip, is pleased to announce the appointment of Jeff Byal as its new Chief Financial Officer (CFO).
With over three decades working in industries including software, technology, retail, and fintech, Jeff brings a wealth of expertise in driving organic and inorganic profitable growth. Jeff most recently served as CFO for Avetta where he was responsible for integration of recent acquisitions, strengthening and streamlining global treasury, finance & accounting operations, and building out an in-house legal team. In his role as CFO at Alludo, he is responsible for overseeing the company’s accounting, finance, treasury, and tax operations, as well as pricing strategies, and corporate development.
Jeff has been a CFO for more than 25 years and has worked with a diverse range of companies, from early-stage operations to $1 billion global organizations. His impressive track record includes raising over $3 billion in debt and equity financing, leading more than $1 billion in M&A transactions, and managing multiple platform exit transactions.
"We are thrilled to welcome Jeff Byal to the team as our new CFO," said Christa Quarles, CEO at Alludo. "When you see Jeff in action, you’re immediately struck by his ability to roll up his sleeves and get things done, all while seeing the bigger picture in a financial world awash with details and complexity. With his more than 30 years of experience and long list of proven successes, he’s the ideal leader to oversee our financial operations as we deliver upon our next phase of growth. I look forward to his insights and contributions as we drive innovation, offer exceptional value to our customers, and continue our impressive track record of M&A."
“I’m excited to be joining a company whose mission and values align so tightly with my own— creating a culture that’s committed to driving durable and sustainable growth while putting people at the center of everything they do,” said Jeff Byal, CFO at Alludo. “Through my decades as a financial and business leader, I’ve had the opportunity to discover my passion for organizational transformation. I am proud to work with Christa, our investors at KKR, and the entire global Alludo team on our journey to deliver the innovations customers need to reimagine the way people work.”
Jeff Byal’s biography is available at www.alludo.com/about/leadership.
Alludo is a global technology company helping people work better and live better. We're the people behind award-winning, globally recognizable brands including Parallels®, Corel®, MindManager®, and WinZip®.
Our professional-caliber graphics, virtualization, and productivity solutions are finely tuned for the digital remote workforce delivering the freedom to work when, where, and how you want.
With a 35+ year legacy of innovation, Alludo empowers all you do, helping more than 2.5 million paying customers to enable, ideate, create, and share on any device, anywhere. To learn more, visit www.alludo.com.
© 2023 Cascade Parent Limited trading as Alludo. All rights reserved. Alludo, and the Alludo logo are trademarks of Cascade Parent Limited in Canada, the United States and/or elsewhere. Corel, CorelDRAW, MindManager, and WinZip are trademarks or registered trademarks of Corel Corporation. Parallels is a trademark or registered trademark of Parallels International GmbH. For all notices and legal information please visit www.alludo.com/en/legal, www.corel.com/en/legal-information/ and www.parallels.com/about/legal/