iRobot Corporation (NASDAQ:IRBT)’s Leahy to lead Care.com’s finances

Boston, MA 04/10/2013 (wallstreetpr) – iRobot Corporation (NASDAQ:IRBT) (Closed: $24.82, Down by 1.74%)’s John Leahy will be joining Care.com as Chief Financial Officer. The website that is a search tool for finding local caregiver and babysitter services is slated to hold an Initial Public Offering. Leahy has been the IRobot Chief Financial Officer for over four years. The company is the Roomba automated cleaning services-maker. Prior to IRobot the versatile CFO was in other executive positions at different publicly traded companies.

Vast experience
Care.com is planning on financing events in the future and Leahy’s experience will be a definite asset for the website said Sheila Lirio Marcelo the Chief Executive Officer. Marcelo said that Care.com has funds over $100 million and is considering different business expansion options. It provides online services that help customers find local care for seniors, childrens and pets. It has made some smart business decisions with acquisitions and has also been expanding its global reach. All these measures have helped it in doubling its revenue over the last one year. She said that the company has a long way to go and that on-boarding John will help the organization scale up and grow.

Bright prospects
No comment has been made by Marcelo or the Care.com about any impending IPO or new acquisition. In 2012 care.com had raised funding to the tune of $50 million via a financing round that had been led by Institutional Venture Partners which has now taken total cash reserves to $111 million. Leahy said that the brand has great potential and that this is his first opportunity to work with a well-established firm such as Care.com and hopes that his services will help it make progress.

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Published by Donna Fago

I believe in writing content Informing investors with the knowledge they need to invest better today- I have been following the markets for many years and was asked to join the team at WallStreetPR.com recently due to my passion for the markets.

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