Brian Cully to
lead corporate development and Justin
Beck to lead North America
sales
SALT
LAKE CITY, Aug. 25, 2022 /PRNewswire/ -- Instructure,
the maker of Canvas, today announced the addition of two key
leaders that will have a broad influence over driving the growth of
the Instructure Learning Platform. Brian
Cully, a former investment banker with KeyBanc Capital
Markets, has been appointed senior vice president of corporate
development. In addition, Justin
Beck, a former sales executive with Salesforce.org, has been
named senior vice president of North
America sales. Both leaders have already started at
Instructure and bring significant leadership experience and
industry expertise to help the company deliver on its core mission
of elevating student success, amplifying the power of teaching and
inspiring everyone to learn together.
As senior vice president of corporate development at
Instructure, Cully will play a pivotal role in driving strategy for
mergers, acquisitions and integration. Working in close partnership
with the executive committee and Instructure's board of directors,
Cully will analyze, recommend and execute merger and acquisition
opportunities while prioritizing the needs of our customers. Cully
will report to Mitch Benson,
Instructure's chief strategy officer. He replaces Steve Workman, who retires after a successful
career that includes overseeing four acquisitions for Instructure
and establishing the foundational framework for managing the deal
lifecycle.
With over a decade of experience as an investment banker, Cully
most recently was responsible for sourcing and executing M&A
transactions that spur growth. With extensive experience
spearheading technology M&A activities, he drove a variety of
advisory and capital raise transactions with companies in the
software, internet, human capital management and financial
technology sectors. Cully earned a master's degree in accounting
and a bachelor's degree in finance and accounting from the
Ohio State University and is a CFA
charter holder.
As senior vice president of North
America sales, Justin Beck
will lead sales for both K12 and higher education, supporting over
150 teammates across sales, solution engineering, sales development
and account management. He will report to Frank Maylett, Instructure's Chief Revenue
Officer. Beck replaces Chris
Benwell, who recently stepped into the role of senior vice
president of global sales.
With the addition of Beck, Instructure gains close to 15 years
of sales leadership experience at a variety of ed-tech companies
and a nuanced understanding of the unique needs of both higher
education and K-12 institutions. Beck joins Instructure following
four years with Salesforce.org where he was a key part of the
higher education leadership team, significantly outpacing revenue
projections and growing market share. His team achieved greater
than 50% year-over-year growth across all Salesforce cloud
applications in the student and administrative lifecycle. A
frequent contributor to edtech publications and presenter at
industry conferences, Beck is an influential thought leader and
respected sales partner to some of the most innovative thinkers in
education today. He graduated with honors from Miami University in Oxford, Ohio with a bachelor's degree in
marketing.
"The addition of these seasoned, accomplished leaders will add
to the culture of success we're intentionally building," said
Instructure CEO Steve Daly. "Under
Brian's leadership, we expect a sophisticated, thoughtful process
for analyzing M&A opportunities, emphasizing maximizing value
for our current customers. Beyond simply determining the financial
viability of potential deals, he'll prioritize the needs expressed
by customers and look for ways to solve their most pressing
challenges. Justin brings a proven track record of leading sales
teams that consistently outperform. We're confident in his ability
to accelerate our growth and add significant value to our current
customer base. As we continue to expand the market share-leading
presence of Canvas, we anticipate a positive impact on the entire
suite of products comprising the Instructure Learning
Platform."
ABOUT INSTRUCTURE
Instructure (NYSE: INST) is an
education technology company dedicated to elevating student
success, amplifying the power of teaching, and inspiring everyone
to learn together. Today the Instructure Learning Platform supports
tens of millions of educators and learners around the world. Learn
more at www.instructure.com.
FORWARD-LOOKING STATEMENTS
This press release contains
"forward-looking" statements, which are subject to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
including statements regarding the potential, timing and examples
of any strategic alternatives. These statements are not guarantees
of future performance, but are based on management's expectations
as of the date of this press release and assumptions that are
inherently subject to uncertainties, risks and changes in
circumstances that are difficult to predict. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements
to be materially different from any future results, performance or
achievements. Important factors that could cause actual results to
differ materially from those expressed or implied by these
forward-looking statements include the risk factors described in
the Company's initial public offering prospectus filed with the
Securities and Exchange Commission (the "SEC") on July 23, 2021 and other documents filed with the
SEC and could cause actual results to vary from expectations. All
information provided in this press release is as of the date hereof
and Instructure undertakes no duty to update this information
except as required by law.
CONTACT:
Brian
Watkins
Corporate Communications
Instructure
801-610-9722
brian.watkins@instructure.com
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SOURCE Instructure