PayScale Appoints Two New Executives to Meet Demands of Company's Expansion

SEATTLE, WA--(Marketwired - Nov 13, 2014) - Today, PayScale, Inc. -- the leader in cloud compensation data and software for businesses and individuals -- announced the company hired Melody Brown as Senior Vice President of Sales and promoted Stacey Klimek to Vice President of People. The two new appointments bolster the leadership team by increasing PayScale's focus on expanding its existing customer base and attracting talent to join a number of growing teams across the company. These appointments will also enable the company to continue its significant expansion following a $100 million investment from growth investment firm, Warburg Pincus in April.

"As midmarket companies look to create smart, data-informed competitive compensation models to drive their success, PayScale is experiencing an exciting period of growth. Our revenues have increased dramatically and the company has grown from 60 people in 2011 to nearly 200 this year," said PayScale Chief Executive Officer, Mike Metzger. "We're delighted to enhance our sales leadership team to capitalize on the market opportunity for modern compensation solutions. In addition, we increased our recruiting efforts to attract highly qualified professionals so the company can continue to innovate and accommodate our rate of growth. I'm very pleased to have Melody and Stacey join our leadership team to ensure we accomplish our goals."

Brown has 16 years of sales experience with a focus in the technology industry. She joins PayScale from DataCore Software, an enterprise storage company, where she was Vice President of Sales and Channel. Previously, Brown was Vice President of Online Experience, Digital Marketing and Inside Sales at Safeco Insurance. She also founded and served as Managing Principal of Peak Consulting, driving sales effectiveness and developing innovative partner programs for VMware, Safeco, PTC, Oracle and other technology clients. In addition, Melody spent seven years at Lexmark International, serving in various Sales and Marketing leadership roles. Brown serves on the Board of Directors of the Pike Place Market Foundation.

Klimek has 20 years of experience building and managing finance and operations teams. She has been with PayScale for five years and was promoted from her previous role of Controller, where she was responsible for human resources, hiring and retaining talent, as well as managing the accounting function for the company. In this previous role, she was instrumental in helping PayScale double its number of employees. Prior to joining PayScale, Klimek was Chief Financial Officer at the construction management firm Redhawk Group and Controller at two prominent Seattle technology firms -- Captura Software and NetMotion Wireless.

For more information about PayScale and the company's leadership team, please visit www.payscale.com.

About PayScale:
Creator of the largest database of individual compensation profiles in the world containing more than 40 million salary profiles, PayScale, Inc. provides an immediate and precise snapshot of current market salaries through its online tools and software. PayScale's products are powered by innovative algorithms that dynamically acquire, analyze and aggregate compensation information for millions of individuals in real-time. Publisher of the quarterly PayScale Index™, PayScale's subscription software products for employers include PayScale MarketRate™, PayScale Insight™, and PayScale Insight Expert™. PayScale's cloud compensation software is used by more than 3,000 customers including Cummins, Warby Parker, Zendesk, Clemson University and Covenant Dove. For more information, visit: www.payscale.com or follow PayScale on Twitter: http://twitter.com/payscale.