PayScale Appoints Mark Klebanoff as Chief Financial Officer

SEATTLE, WA--(Marketwired - Dec 17, 2013) - Today, PayScale, Inc. -- the leader in cloud compensation data and software -- announced the appointment of Mark Klebanoff as Chief Financial Officer. Klebanoff will guide PayScale's financial operations, building upon the company's recent business growth. Klebanoff has a proven track record of leadership in the technology industry, having shepherded several companies to achieve new levels of growth.

"By all measures, PayScale is experiencing a period of great momentum and we're on track to add more than 700 new customers this year. In today's volatile economy, more businesses than ever want real-time data to attract and retain the best talent and make the most of their compensation spend," said PayScale's Chief Executive Officer, Mike Metzger. "We will continue to add new functionality to our compensation software and services while we aggressively expand our customer base. I am thrilled to have Mark join our executive team as PayScale continues this expansion."

Klebanoff has more than 20 years of executive experience in finance and operations. Most recently, he was CFO at Appature where he guided the company through a period of notable revenue and headcount growth. At Appature, Klebanoff was responsible for raising venture financing and oversaw all aspects of an acquisition by IMS Health. In addition, Klebanoff held the CFO position at All Star Directories, Daptiv, M:Metrics, AccessLine, RealNetworks and Industrial Systems. He earned a Bachelor's and a Master's of Business Administration degree from Yale University.

"Companies of all sizes have a huge appetite for data-driven insights to better manage every aspect of their business. PayScale is part of this analytics wave and I'm excited to join a disruptive company that is challenging the traditional compensation services market," said Klebanoff, CFO at PayScale. "I look forward to working together with PayScale's strong leadership team, building upon the company's impressive success to date."

PayScale demonstrated strong traction this past year, increasing its recurring revenue and growing its customer base to more than 3,000 customers. PayScale also recently received a 2013 Tech Impact Award from Seattle Business Magazine in the SaaS category. For more information about PayScale and its executive team, please visit: www.payscale.com.

About PayScale:
Creator of the largest database of individual compensation profiles in the world containing 40 million salary profiles, PayScale, Inc. provides an immediate and precise snapshot of current market salaries to employees and employers 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™. For more information, please visit: www.payscale.com or follow PayScale on Twitter: http://twitter.com/payscale.