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Puppet Labs Taps Microsoft Executive as Chief Financial Officer

Bill Koefoed Brings Over 20 Years Experience in Strategic Financial and Operational Leadership to Further Fuel Company's Rapid Growth

PORTLAND, OR -- (Marketwired) -- 12/18/13 -- Puppet Labs, the leading provider of IT automation software, today announced that Bill Koefoed will join Puppet Labs as CFO. With more than 20 years of industry experience, including senior leadership roles at Microsoft and Hewlett-Packard, Koefoed joins at the end of a year in which the company experienced accelerating growth along with increased momentum with its community and partners.

Prior to joining Puppet Labs, Koefoed was CFO of the Skype Division of Microsoft, where he played a key role in leading its global strategy and finance organization. Prior to Skype, Koefoed was general manager of investor relations for Microsoft, where he was responsible for communications to the financial community regarding Microsoft's activities, financial performance and business plans. Prior to investor relations, Koefoed was general manager of finance and strategy for Microsoft IT.

Koefoed joined Microsoft from Hewlett-Packard, where he led the strategy & planning team for customer & sales operations. Prior to joining HP, Koefoed was a managing director for PricewaterhouseCoopers Consulting, where he was instrumental in the planning and execution of the HP/Compaq and IBM/PwC merger integrations as well as the Agilent and Palm spin-offs.

"The rapid adoption of virtualization and cloud is increasing the demand for IT automation, accelerating Puppet Labs' momentum," said Luke Kanies, founder and CEO of Puppet Labs. "Bill's financial and operational experience in leadership roles at Skype, Microsoft and Hewlett-Packard will be key to Puppet Labs sustaining its aggressive growth."

"Whether measured by its large global community, its widespread adoption throughout enterprise IT, or the rich partner ecosystem that includes VMware, Google, Cisco, Dell and others, Puppet Labs' market leadership is undisputed," said Bill Koefoed, chief financial officer of Puppet Labs. "I'm excited to join the team and contribute to Puppet Labs' rapid expansion during this pivotal stage of the company."

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About Puppet Labs
Puppet Labs, Inc. is the leader in IT automation. Puppet Labs' software provides system administrators the operational agility, efficiency and insight they need to proactively manage dynamic infrastructure, scaling from tens of servers to thousands, on-premise and in the cloud. Thousands of the world's leading organizations use Puppet Labs' software to configure and manage their IT infrastructure, including Citrix, eBay, NYSE, Cisco WebEx, Salesforce, Bank of America and PayPal. Based in Portland, Oregon, Puppet Labs employs more than 190 people. The company is backed by investors Kleiner Perkins Caufield & Byers, Google Ventures, VMware, Cisco, True Ventures, Radar Partners, and Emerson Street Partners. To learn more, please visit www.puppetlabs.com.

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