Phoenix, AZ, January 29, 2014 – ClearDATA Networks, Inc., the leading healthcare cloud computing platform and service provider, today announced that cloud computing veteran Aaron Barfoot has joined the company as Chief Financial Officer. Mr. Barfoot will be responsible for ClearDATA’s global budgeting, forecasting, and capital planning process in order to maximize the company’s revenue goals while efficiently managing its operational and organizational growth. This latest addition further strengthens ClearDATA’s management team and its ability to deliver secure, compliant, agile, cost effective cloud services to health care.
“ClearDATA has rapidly established its leadership role in healthcare cloud computing by executing with laser-like focus, precision, and excellence in the key areas of cloud performance, reliability, security, and HIPAA compliance,” said Aaron Barfoot, CFO for ClearDATA Networks, Inc. “I’m excited to join their already strong executive team and to help contribute to the company’s success in delivering best-in-class cloud solutions for the healthcare industry.”
“Aaron Barfoot is an excellent addition to our executive team based on his successful track record and experience for achieving aggressive growth and financial objectives while also meeting operational objectives,” said Darin Brannan, CEO of ClearDATA Networks, Inc. “I’m confident that his financial stewardship will have a significant positive impact on our company.”
Previously, Mr. Barfoot was the vice president of finance for Rackspace Hosting during the company’s recent six year period of significant growth and success in the marketplace. His strategic planning and initiatives helped revenue growth from $362m to $1.5B in 2013 while also driving better margins and improving capital returns. He played a key role in acquisitions, provided financial support during the company’s $188M IPO, and developed several financial planning systems to maximize resources and staffing.
Prior to his term at Rackspace, Mr. Barfoot held senior positions responsible for business and financial planning and analysis with USAA, Transocean Offshore, and Continental Airlines.
ClearDATA’s HealthDATA™ Cloud Services are designed to reduce capital expenses, support and maintenance costs for healthcare organizations, while also improving productivity, business agility, security for PHI and regulatory compliance.
ClearDATA is serving the $35 billion Healthcare IT Market, which is growing at an estimated 20% annually. This industry includes thousands of healthcare providers who must migrate to electronic records and maintain vast amounts of data, which currently exist mostly on paper charts, film or tape. These healthcare providers need storage and processing solutions that can be securely accessed and analyzed anywhere, and at any time.