Former Cognizant CEO brings deep expertise scaling global technology companies
NEW YORK, Nov. 20, 2019 /PRNewswire/ -- MongoDB, Inc. (MDB), the leading, modern, general purpose database platform, today announced it has appointed Francisco (Frank) D'Souza to the company's Board of Directors. D'Souza is a veteran entrepreneur and tech executive who co-founded Cognizant, one of the world's leading professional services companies, and was its Chief Executive Officer for more than a decade. Currently, D'Souza is Vice Chairman of Cognizant's Board of Directors.
During his 12 years as Cognizant's CEO, he oversaw a period of sustained growth and transformation that included: a 10x increase in revenue from $1.4B in 2006 to $16.1B in 2018, a 7x increase in headcount from 39,000 in 2006 to 282,000 in 2018, and Cognizant's inclusion in the Fortune 200.
D'Souza also serves on the Board of Directors of General Electric Company, on the Board of Trustees of Carnegie Mellon University and as Co-Chairman of the Board of Trustees of the New York Hall of Science. He is a member of the World Economic Forum and serves as the 2019 Chairman of its IT and Electronics Governors community.
"Frank has tremendous experience scaling a Fortune 200 technology company with a giant market opportunity and maintaining high growth over a sustained period of time, the very things MongoDB is striving to do in the database market," said Dev Ittycheria, President & CEO of MongoDB. "Frank led Cognizant's transformation into one of the world's most admired and successful technology companies. His knowledge will be invaluable as we continue to transform the global database industry with our disruptive technology."
"MongoDB has done a fantastic job of bringing a much needed modern alternative to the database industry, one of the largest and most important technology markets," said D'Souza. "With a proven product market fit, the company now faces the challenge of sustaining growth and scaling to bring developers across the globe the database they most want to work with. I'm honored to bring my experience to MongoDB as it capitalizes on the tremendous market opportunity in front of it."
MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. Headquartered in New York, MongoDB has more than 15,000 customers in over 100 countries. The MongoDB database platform has been downloaded over 70 million times and there have been more than one million MongoDB University registrations.
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This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning our future growth, ability to transform the global database industry and to capitalize on market opportunities. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "project," "will," "would" or the negative or plural of these words or similar expressions or variations. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: our limited operating history; our history of losses; failure of our database platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain highly-qualified personnel; the price volatility of our common stock; and those risks detailed from time-to-time under the caption "Risk Factors" and elsewhere in our Securities and Exchange Commission filings and reports, including our Annual Report on Form 10-K filed on April 1, 2019 and our Quarterly Report on Form 10-Q filed on September 5, 2019, as well as future filings and reports by us. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.
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