Dev Ittycheria Joins Bazaarvoice Board of Directors

Bazaarvoice, the market and technology leader in hosted social commerce applications that drive sales, today announced that Dev Ittycheria has joined the Bazaarvoice Board of Directors. Ittycheria, who co-founded BladeLogic and led the company's successful IPO in 2007, most recently served as president of the Enterprise Service Management (ESM) division of BMC Software (NASDAQ:BMC) where he was responsible for a business with $1.2 billion in annual revenue. He brings unparalleled leadership ability and deep experience in building high-growth technology businesses that excel at acquiring customers, delivering outstanding financial results, and building long-term sustainable value.

“It is an honor to welcome Dev Ittycheria to our Board of Directors,” said Brett Hurt, founder and CEO of Bazaarvoice. “Dev's unique experience of being both a serial entrepreneur as well as leading two different public software companies is invaluable to Bazaarvoice. We are excited to draw on his strategic insight and deep management expertise at this critical point in our company’s rapid growth. Dev is already proving to be a very valuable mentor for me and our executive team, and I am truly humbled and honored that he decided to join us in this exciting journey.”

Under Ittycheria's leadership as president & CEO, BladeLogic was recognized as one of the fastest-growing enterprise software companies of the past decade, culminating with a very successful IPO in 2007. BladeLogic was acquired by BMC Software in 2008 for approximately $900M, which was the highest multiple paid for any public software company that year.

“I worked with Dev for seven years since the founding of BladeLogic to the sale to BMC. He is one of the brightest minds in technology, so it was natural to introduce him to the Bazaarvoice team,” said Neeraj Agrawal, General Partner at Battery Ventures. “Bazaarvoice is one of our fastest-growing portfolio companies, and Dev’s insight and guidance will be very helpful as the company navigates its next phase of hyper-growth, both in the US and around the globe.”

As President of the ESM business at BMC Software, Ittycheria led the nearly 4,000 people who developed, sold, implemented, and supported BMC’s line of distributed management software solutions. During his tenure at BMC the company restructured its sales organization and methodology to dramatically increase sales productivity, improved its product advantage through key acquisitions and organic investments, and quickly positioned itself as the clear leader of the systems management market by outperforming all relevant competition. Previously, Dev was the president and CEO of Applica, which merged with Breakaway Solutions to become one of the first publicly-traded SaaS companies.

Ittycheria was recognized by Ernst & Young as an Entrepreneur of the Year for his leadership at BladeLogic, and was honored by Computer Reseller News as one of the Top 25 Executives in Technology for his role in creating the ASP business model, which is now more commonly known as SaaS. He earned a BS in Electrical Engineering from Rutgers University.

“After spending time with Brett and the team at Bazaarvoice, I see all the ingredients for a very successful software company -- a large market opportunity, a leadership team with a compelling vision as well as an ability to execute, and a highly disruptive business model,” said Ittycheria. “Bazaarvoice is growing at a tremendous rate, and there is still so much opportunity and potential in the social commerce market. I’m also impressed with the culture Bazaarvoice has built and the many accolades it has received, including being named the Best Place to Work by Austin Business Journal. I look forward to working with the management team to help them continue to capitalize on this amazing opportunity and rapidly scale the business to achieve its full potential.”