Wallack extends board depth as the company positions itself for the next stage of growth and financial success


Irvine, CA – June 11, 2015 – Kareo, the leading provider of cloud-based solutions for independent medical practices, today announced the addition of Perry Wallack, co-founder and CFO of Cornerstone OnDemand, Inc. (NASDAQ: CSOD), to its board of directors. As the company enters its next phase of growth, Wallack will provide additional financial and operational depth to the Kareo Board of Directors and will serve as a valuable resource for company leadership as Kareo pursues its mission to help small medical practices succeed.

Wallack brings over 20 years of executive experience in operations, finance, accounting, and tax to the Kareo board. As co-founder of Cornerstone OnDemand, Wallack has played a key role in growing Cornerstone from inception to one of the largest and most successful SaaS companies in the world. As CFO, Wallack guided Cornerstone through its successful IPO in 2011. Beyond the IPO, Wallack has successfully raised public and private equity, debt and commercial bank financing to sustain Cornerstone’s growth since November 1999. Prior to founding Cornerstone OnDemand, Wallack was responsible for managing tax and audit staff, and implementing numerous business enhancement processes at Ernst & Young.

“We are honored to have Perry join our board of directors as Kareo continues to see growth in demand for our products and services,” said Dan Rodrigues, founder and CEO of Kareo. “Perry’s background in successfully scaling a SaaS company and his experience advising fast-paced companies will be invaluable as we manage company growth driven by our efforts to help independent medical practices succeed.”

“I’m thankful for this special opportunity to share my expertise and skills with a cloud-based company that is not only on a very strong path to continued growth, but also on a path that will make a difference in the US healthcare landscape,” said Wallack. “I am proud to be a part of Kareo’s mission to support the viability and success of independent medical practices.”

About Kareo

Kareo is the only cloud-based medical office software and services platform purpose-built for small practices. At Kareo, we believe that, with the right tools and support, small practices can do big things. We offer an integrated solution of products and services designed to help physicians get paid faster, find new patients, run their business smarter, and provide better care. Our practice management software, medical billing solution, practice marketing tools and free, award-winning fully certified EHR help more than 50,000 medical providers more efficiently manage the business and clinical sides of their practice. Kareo has received extensive industry recognition, including the Deloitte Technology Fast 500, Inc. 500/5000, Red Herring Top 100 Company, and Black Book #1 Integrated EHR, Practice Management and Billing Vendor. Headquartered in Irvine, California, the Kareo mission is to help providers spend their time focused on patients, not paperwork. For more information, visit www.kareo.com.