Selfie-based onboarding specialist Jumio has announced that Jennifer N. Harris will serve on its Board of Directors. Harris has a finance-focused executive track record, having served as Director of Finance for Motive Communications (from 1998 to 2005), VP and Corporate Controller for Convio (2005 to 2012), and Chief Financial Officer of Q2 Holdings, a provider of cloud-based solutions for the financial services sector, from 2013 to April of this year.
In announcing the appointment, Jumio paid special attention to Harris’s term with Q2, noting that “she took the company through its initial public offering on the New York Stock Exchange in 2014.” Jumio went on to highlight Harris’s “extensive experience with acquisitions and IPOs,” and her experience in rapid-growth, hi-tech companies.
Jumio also said that the appointment comes at “a strategic inflection point” for the company, noting that it secured a $150 million investment from Great Hill Partners in March of 2021. That investment itself prompted some speculation about the possibility of Jumio going public from the likes of Forbes, which ran a column comparing Jumio’s favorable business metrics to those of a high-profile competitor.
All that having been said, there was no discussion of official plans for an IPO in Jumio’s announcement, with CEO Robert Prigge focusing on the value of Harris’s expertise in helping the company to effectively manage a high rate of growth.
“Jennifer’s expertise in financial and operational infrastructure at high-growth technology companies is a tremendous asset for Jumio as we continue to scale our leadership in the digital identity space,” he said. “Her stewardship role will further strengthen our ability to leverage record growth and our recent investment from Great Hill Partners for long-term profitability and performance.”
For her part, Harris praised the company for its unique position as a solutions provider amid growing demand for remote identity verification technology, calling it “an auspicious moment” for Jumio.
“Jumio is transforming the identity verification playbook for KYC, fraud detection, compliance, bank-grade security and other demanding use cases,” she said. “It’s an honor to be on the Jumio team as they disrupt the sector to meet unprecedented challenges in today’s online environment.”
September 22, 2021 – by Alex Perala