• Executive with proven ability in executing growth strategies at private and public technology companies• Currently building AI-first Enterprise Applications on top of Microsoft's Low Code Platform. Previously served as the Head of Strategy for the Dynamics 365 Finance and lead efforts to build Finance and Procurement AI products.• Co-founded and lead Suplari, an AI-driven insights platform that enables enterprises to realize hard dollar cost savings and effectively manage supplier risk that is today hidden within millions of data points in the enterprise, raised $18.6m from Shasta Ventures, Madrona Ventures, Amplify Partners, Two Sigma Ventures, and Workday Ventures. Suplari was sold to Microsoft in July 2021.• Lead Trulia's growth businesses in rentals, mortgage and new construction. Achieved >25% yoy rentals traffic growth with no paid advertising support and the highest consumer satisfaction in rentals category, based on NPS. Evolved display advertising businesses to native advertising and lead generation. Trulia was acquired by Zillow for $2.5Bn in February 2015.• Drove strategy and lead turnaround at leading real estate SaaS sales & marketing & lead generation platform driving 30% annual revenue growth, 10% EBITDA margins, and acquisition of Market Leader Inc. for $380m in August 2013.• Lead the largest social network & blogging platform in the real estate industry to profitability in six months, leading to acquisition of ActiveRain by Market Leader Inc. in October 2011.• Raised $35m in financing in difficult venture market for novel cleantech start-up Bio Architecture Lab in 2009.• Drove product strategy that delivered $87m in revenue growth and $15m in EBITDA growth, resulting in $375m IPO for real estate lead generation company HouseValues in December 2004.• Personally executed nine acquisitions worth more than $500m and seven financings worth more than $150m
Provn
View- Website:
- microsoft.com
- Employees:
- 10
- Company phone:
- 0124 415 8000
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Ceo And Co-FounderProvnBellevue, Wa, Us
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General Manager, Copilot Accelerator (Ai-First Enterprise Apps)Microsoft Oct 2022 - PresentRedmond, Washington, UsLeading awesome product and engineering teams to drive revenue and adoption of Microsoft Copilot and Power Platform by creating AI-first enterprise applications for CIOs, CFOs, Supply Chain Leaders, and business decision makers across the enterprise. -
General Manager, Dynamics 365 Finance Insights & Chief Strategy OfficerMicrosoft Jul 2021 - Sep 2022Redmond, Washington, UsMicrosoft Dynamics 365 Finance is the fastest growing and most collaborative financial management system/ERP in the industry. Finance Insights (aka Suplari) helps mid-size and large enterprises continuously optimize costs, cash flow, operations, and processes using unified, cleansed data, automated insights, and predictive workflows across all ERPs. Dynamics 365 Finance Insights is based on the acquisition of Suplari, Inc from 2021.
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Innovation Advisor / Supply Chain Advisory Board MemberUniversity Of Washington 2015 - PresentSeattle, Wa, UsWorking to commercialize intellectual property, incubate new technology companies, and foster entrepreneurship at the University of Washington.Serving on the Supply Chain, Transportation, and Logistics advisory board. -
Ceo, Co-Founder, Board Of Directors (Ai For Procurement & Finance App Acquired By Microsoft)Suplari, Inc. 2016 - 2021Seattle, Wa, UsSuplari provides an AI-driven insights & workflow platform that enables finance, procurement, and budget owners to optimize spend, cash flow, suppliers, strategic sourcing, risk, and ESG. Suplari connects and unifies disparate supplier data sources and systems and then continuously analyzes millions of supplier and sourcing transactions to generate real-time AI-driven insights on reducing spend, mitigating risk and increasing compliance. Suplari then recommends next best action workflows to enable enterprises to capture value and drive accountability. Suplari was acquired by Microsoft in July of 2021. -
Advisor / Mentor / ConsultantAdvisor / Mentor / Consultant 2015 - 2017I have been advising a number of companies and social enterprises on their strategies, particularly as they relate to innovation, building marketplace businesses, and driving traffic. I am also very interested in social enterprise and pursuing business opportunities with great purpose in job training and career counseling.- University of Washington, Innovation Advisor: Working with Vice Provost to commercialize intellectual property, incubate new technology companies, and foster entrepreneurship at the University of Washington.- BURN Manufacturing: BURN makes the Jikokoa clean cookstove which reduces fuel consumption by 45-60% and emissions by more than 60% for more than 1 billion people living in sub-Saharan Africa.- Largest B2B Marketplace for IT Managers: Consulting helping CEO and Executive Team drive traffic and build a B2B marketplace for the trillions of $$$ controlled by IT Managers- TechStars / Keepe: Advising a mobile marketplace for home services serving property managers with go to market strategy and fundraising- DESC: Helping largest provider of housing for the homeless with strategy and operations support- Social Venture Partners: Working on the Fast Pitch Committee identifying & coaching innovative non-profits & social enterprises in education and the environment- Year Up: Mentor & guest speaker for one-year, intensive training program that provides low-income, urban young adults with skill development, college credits, corporate internships, and soft skills support.-Partners4Housing: Business plan competition mentor to start-up focused on providing housing solutions to the developmentally disabled in Washington State. -
Vp Of New VenturesTrulia (Acquired By Zillow In February 2015) Jan 2014 - Aug 2015San Francisco, Ca, UsLeader & general manager of Trulia's three growth businesses in mortgage, rentals and new construction, evaluating build, buy, and/or partner strategies. One of three revenue owners at the company and member of Trulia's Senior Management Team. Key accomplishments: Lead evolution of mortgage and new construction businesses away from display advertising to native advertising placements and lead generation across web, mWeb and mobile apps, grew rentals traffic >25% yoy with no paid advertising support, and developed the leading rentals property in the industry based on NPS. Trulia was purchased by Zillow for $2.5Bn in February 2015. -
Co-Founder, Chairman Of Board Of DirectorsHome Envoy 2012 - 2015Partnered with two talented entrepreneurs in the home services industry to start a company to bring e-commerce and online ordering to large ticket, replacement/like for like home services (water heaters, furnace, windows & doors, roofing), plumbing and handyman services. Bootstrapped to achieve proof of concept for Seattle metro area. Company continues as a profitable home services business.
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Evp, Product & StrategyMarket Leader (Acquired By Trulia In August 2013) 2011 - 2014Seattle, Wa, UsDrove product management and strategy for all Saas & performance marketing products (RealEstate.com/HouseValues.com/JustListed.com), social media and print (in partnership with Shutterfly) for Market Leader, a subsidary of Trulia Inc., one of the largest real estate web sites serving 40 million consumers and 150k real estate professionals each monthKey member of the executive team that drove tunaround strategy and execution that lead to 3 years of 30% annual revenue growth at 10-15% EBITDA margin. Led company sale to Trulia Inc for $380m (based on enterprise value at closing) in August 2013. Lead strategy and product integration between Market Leader and Trulia. Developed product strategy for Trulia Seller Ads which became Trulia most successful product launch and fastest selling product in company history. -
CeoActiverain (Acquired By Market Leader In October 2011) 2011 - 2013ActiveRain is the largest social network and blogging network dedicated to the real estate industry, publishing more than 100k blogs posts per month, generating more than 200k comments, and more than 2m visits per month. ActiveRain has one of the highest domain authorities in the real estate industry. As CEO, grew blogs per month by 60%, managed through the Google Panda, expanded the position of ActiveRain in major social networks, while managing community through significant change. Grew revenue significantly, focused company on profitable products, and brought the company to profitability. ActiveRain was acquired by Market Leader in October of 2011. -
Ceo & Board Of DirectorsBio Architecture Lab (Raised $35M In Financing) Mar 2008 - Sep 2010Founded in 2007 and spun out of the University of Washington, Bio Architecture Lab is focused on producing the world's lowest cost, most scalable, and sustainable source of sugars for biofuel and renewable chemical production from aquafarmed, native macroalgae (seaweed). We raised $35m in financing - $8m from venture capital and then an additional $27m from strategic partners and government grants. BAL has strategic partnerships in place with Statoil, DuPont, and the Chilean national oil company ENAP. We grew the company from 0 employees in 2008 to 40 people in 2010, built out the executive team with industry experts, and hired an experienced CEO from the biofuels industry to take the company to the next level.
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Entepreneur In ResidenceMadrona Venture Group 2007 - 2008Seattle, Wa, UsWorked with Madrona team to incubate and develop business in Internet marketing. Served as advisor to Mixpo & BaconSalt. -
Vice President, Product, Marketing, Business Development, Corporate Development, & MortgageHousevalues, Inc. (Ipo In December 2004) Jan 2002 - Jul 2007-Member of the Executive Team, growing company from $10m in revenue in 2001 to $100m in 2007; IPO in 2004 with $375m valuation-Drove corporate growth, corporate development, business development, product strategy, and served as GM of mortgage team -Completed 3 acquisitions leading to nearly $50m in revenue growth over three years-Drove strategy and P&L for the turnaround of mortgage lead generation strategy-Managed an annual $20m media spend focused on television, search, and web marketing. -Developed pricing, inventory and yield management for company
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Venture CapitalSecond Avenue Partners 2000 - 2002Evaluated early stage venture capital opportunities in the Pacific Northwest. Invested in HouseValues (NASDAQ: LEDR, acquired by Trulia for $380m), In Situ Group (acquired by Boeing for $400m), TeamOn (acquired by RIM), Essention (purchased by McKinstry), Location Labs (acquired by AVG for $220m), and several other companies. -
Private EquityCvc Capital Partners 2000 - 2002UsEvaluated technology investments and telecom buy-outs for Europe's largest private equity fund -
Dell Online ServicesDell Computer 1999 - 1999Round Rock, Texas, UsLaunched Dell consumer portal and consumer email service. Generated new revenue through online business development partnerships. -
Investment BankingCredit Suisse First Boston 1996 - 1998Zurich, ChWorked on M&A and financings for biotech, pharmaceutical and health care services companies. Worked with a broad range of companies including Pharmacia Biotech, Amersham, Genzyme, Affymetrix, and Heska.
Nikesh Parekh Education Details
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Harvard Business SchoolGeneral Management -
Harvard UniversityBiochemical Sciences
Frequently Asked Questions about Nikesh Parekh
What company does Nikesh Parekh work for?
Nikesh Parekh works for Provn
What is Nikesh Parekh's role at the current company?
Nikesh Parekh's current role is CEO and Co-founder.
What schools did Nikesh Parekh attend?
Nikesh Parekh attended Harvard Business School, Harvard University.
Who are Nikesh Parekh's colleagues?
Nikesh Parekh's colleagues are Ahmad Errami, Concus Concys, Catarina Nunes, Shubham Prakash Gupta, Hunena Badat, Данаил Дунков, Stefani Suarez.
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