Lockstep, an accounting cloud developer, has announced the expansion of their leadership team with the new hires of Rosalyn Curato and Preethi Pragash. The news comes just weeks after the Seattle-based accounting platform closed its $10 million Series A led by Point72 Ventures with participation from Clocktower Ventures, Avid Ventures, and Revel Partners.
“We are thrilled to add Rosalyn and Preethi’s deep experience in finance to our quickly growing team,” said Peter Horadan, Lockstep CEO. “Both of these roles are critical to our mission of helping the world’s accounting teams work better together. Rosalyn and Preethi are terrific talents and I couldn’t be happier to have them join the team.”
Rosalyn joins Lockstep as the company’s EVP of Customer Success. With more than 16 years of experience in the financial services industry, Rosalyn most recently served as Chief Customer Officer at Allovue, an education resource-planning platform for K-12 schools and districts, and as a Vice President at Citigroup prior to that.
“The onset of COVID-19 and its subsequent impact to businesses shed light on the importance of optimal cash-management processes,” said Rosalyn. “I am looking forward to using my experience in corporate finance and customer success to design a customer experience that is uniquely tailored to the needs of finance departments.”
Preethi Pragash joins the team as the VP of Finance. Preethi has over 15 years of experience leading finance for SaaS companies. Preethi is a Certified Public Accountant and previously served as the VP of Finance at Figure Eight, which combines human and machine intelligence to solve data problems for global companies. Prior to her time at Figure Eight, Preethi worked at Jigsaw data corporation which was acquired by Salesforce in 2010.
“My experience working in subscription-based, business-to-business SaaS companies has been instrumental in preparing me for my new role,” said Preethi. “What I am most excited about is the ability to directly help the product teams understand how the product is used so that it can truly shine for our customers.”
“We have been deeply impressed by the Lockstep executive team and their clear, methodical thinking and approach from our very first meeting,” said Addie Lerner, Founder and Managing Partner of Avid Ventures, an investor in Lockstep’s Series A financing. “We fully see and believe in the team’s vision for building a connected accounting ecosystem, and we appreciate the team’s deep expertise in building and running large-scale organizations and companies. We look forward to continuing to support Lockstep as they bring on new and exciting talent.”
Founded in 2019, Lockstep helps more than 190 customers process over one million invoices per month with over 4 million entities. Lockstep integrates over 40 ERP and accounting solutions into its connected accounting cloud. For more information on Lockstep please visit: https://lockstep.io
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