About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Ex-Autodesk Exec Bado Joins MarkLogic as CEO

Subscribe to our newsletter

MarkLogic Corporation today announced that Ken Bado, a veteran technology executive who most recently was the executive vice president of sales and services at Autodesk, has been named CEO and a member of the board of directors.

Bado, 56, was at Autodesk for eight years and led sales and services under former Autodesk CEO Carol Bartz. During his time at Autodesk, Bado was key in driving revenue from US$800 million to more than US$2.3 billion. The company’s share price increased more than 800% during his tenure. He envisions exceptional growth at MarkLogic as well.

“MarkLogic has the foundation, the technology, and the people to be a multi-billion dollar company. In a relatively short time, the company has experienced tremendous growth and now it is my job to multiply it ten times over,” said Bado. “The technology is groundbreaking, the people at this company are by far some of the smartest in Silicon Valley, and the customers and partners we work with are in on a secret that we’re dying to tell the rest of the world – that gaining insight into your business by managing your unstructured information is the only way to win. My philosophy is and always has been that it is all about the people. My goal is to develop and employ the best and brightest for MarkLogic so that our partners and customers benefit from an expertise that is unmatched by our competitors.”

Bado added, “More than 80 percent of today’s information is unstructured and it’s typically too big to manage effectively. The Big Data movement and the market demand for software to solve Big Data problems will continue to fuel MarkLogic’s growth and momentum. You can’t rely on 30-year-old relational database technology to solve today’s unstructured information problems. Any organisation is doing itself a disservice by not calling MarkLogic – a company with a proven technology, trusted business practices, and a desire to be a true partner to the people who buy from us.”

“We are very excited to have Ken Bado leading MarkLogic in the next wave of its expansion,” said Mark Kvamme, partner, Sequoia Capital, and chairman of the board, MarkLogic. “Ken is a seasoned technology executive and the leader that the board was looking for. We met many candidates, and Ken was the obvious choice. He has a strong track record of deep management expertise, driving technological innovation and building customer and partner relationships. With a clear vision of what MarkLogic is and where it is headed, Ken is the perfect person to lead the company into the next era.”

Prior to his success at Autodesk, Bado spent 11 years at Mentor Graphics, in positions of increasing responsibility in sales, marketing, customer support, and consulting before becoming senior vice president of world trade, where he managed 1,200 people. Bado previously was a top sales representative at Intergraph Corporation. He has been a member of the Bethany College board of trustees since 2006.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Regulatory change management – challenges, solutions and case studies

Regulatory change has become part of the fabric of capital markets. It has also become increasingly complex as more regulations are introduced, significant amendments are made frequently, and small changes are made on a rolling basis – the whole made more difficult by jurisdictional interpretation and the UK’s amended regulatory regime post Brexit. If keeping...

BLOG

DTCC Names BNY Mellon Executive Frank La Salla as President and CEO

DTCC has named Francis (Frank) La Salla as president and CEO of the company with effect from 12 August 2022. He will join DTCC from BNY Mellon, where he is CEO of the bank’s issuer services business and a member of the executive committee. La Salla’s appointment is the result of long-term succession planning and...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...