Walters steps down as CEO of eMoney Advisor
Tom Paine
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Edmond Walters, the Main Line investment advisor who founded eMoney Advisor, the Conshohocken-based invetment management software firm that was sold to Fidelity for an estimated $250 million in February, has resigned effective immediately, Fidelity announced today.
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| Edmond Walters / LinkedIn |
Michael Durbin, the president of Fidelity Wealth Technologies, will serve as interim CEO.
The publication Investment News cited sources suggesting that Walter's resignation was not the typical post acquisition, pre-planned succession, but rather a decision by Walters based upon fundamental differences in strategic vision. One of them could be Walter's desire to maintain an open architecture in which eMoney's tools would continue to be available to Fidelity competitors, versus Fidelity desiring to keep the product more to itself.
eMoney's website says it now has 328 employees.
Qlik lures sales exec from EMC, expands in North Carolina
Tom Paine
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Radnor-based Qlik Technologies hired away the top sales exec from the "EMC Federation's" VCE unit, Mark Thurmond, to be its EVP of Worldwide Sales & Services. Surpising move across industry sectors for Thurmond, a career storage vet at EMC. But as CRN points out, several execs are jumping ship at EMC companies ahead of an anticipated restructuring.
At the same time, Les Bonney was appointed to a new role as Chief Strategy Officer. He was previously Chief Operating Officer.
Qlik also announced in early August that it was expanding into a much larger space in Raleigh, NC and its been hiring there, mostly in customer service it would appear. Triangle Business Journal says with the move Qlik could potentially boost employment there from 50 to 100. Not in itself unusual since Qlik has always maintained a very geographically diverse workforce.
Qlik reports having over 2,000 employees worldwide, and has a market cap of $3.6 billion.
Exclusive: Fanatics raises $300 million from Silver Lake (Fortune)
No word on valuation, which was last reported to be $3.1 billion in 2013.
Fanatics is majority-owned by Michael Rubin's Conshohocken-based Kynetic LLC.
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