Mews, a leading cloud SaaS and fintech platform serving the hospitality industry, has announced the appointment of Steve Cakebread to its board of directors. Known for his role in taking companies like Salesforce, Pandora, and Yext public, Cakebread brings a wealth of experience and expertise in capital markets and strategic leadership to Mews at a pivotal time in the company’s growth journey.

Steve Cakebread’s Stellar Track Record in IPOs and Financial Leadership

Cakebread, the author of “The IPO Playbook: An Insider’s Perspective on Taking Your Company Public and How to Do It Right,” has been instrumental in steering several high-profile companies through their initial public offerings. In addition to his IPO leadership roles, Cakebread currently serves on the board of Bill.com, which went public in December 2019, and has previously held board positions at SolarWinds and eHealth. Earlier in his career, he served as CFO for Autodesk, VP of Finance for Silicon Graphics (SGI), and Director of Finance at Hewlett-Packard.

Mews’ Leadership Enthusiastic About Cakebread’s Appointment

Matt Welle, CEO of Mews, expressed his excitement about Cakebread joining the company’s board, highlighting his deep knowledge of capital markets, governance, and team building. Welle noted that Cakebread’s expertise would be instrumental as Mews enters its next phase of growth.

“Steve’s capital markets experience is renowned, having led Salesforce, Pandora, and Yext through IPOs and beyond. He has a deep understanding of building teams, governance, and accountability, which will be instrumental in our growth journey. We are delighted that Steve joins the board at such a crucial time in our growth,” said Welle.

Mews Founder, Richard Valtr, Praises Cakebread’s Strategic Insight

Mews founder, Richard Valtr, echoed Welle’s sentiments, emphasizing the importance of Cakebread’s financial leadership and strategic insight in supporting the company’s aggressive growth plans.

“Steve is a seasoned leader with phenomenal experience leading financial teams to success. His invaluable knowledge and strategic oversight are exactly what we need to navigate Mews’ next chapter, support our aggressive growth plans, and cement our position as the market leader in cloud hospitality,” said Valtr.

Mews’ Impressive Growth and Future Ambitions

Cakebread’s appointment comes on the heels of exponential growth for Mews. Over the past 12 months, the company has achieved unicorn status, with a valuation surpassing $1.2 billion. Mews also reported a 250% increase in customers across North America, and the company’s software has facilitated over 25 million hotel check-ins globally.

In a move to support continued growth, Mews recently secured $100 million in new financing from Vista Credit Partners. The company plans to use these funds to fuel organic growth and support its M&A program through its investment arm, Mews Ventures.

Steve Cakebread’s Vision for Mews’ Future

Commenting on his appointment, Steve Cakebread expressed excitement about the potential of Mews in the hospitality software and payments markets, valued at over $20 billion.

“Mews has achieved market penetration in core geographies, serving more than 5,500 hospitality brands worldwide, and is well poised to become the market leader. A key enabler of the company’s success is its marketplace, which sees over 1,000 integrations on its platform, offering hoteliers the best solutions to build tailored tech stacks for their needs,” said Cakebread.

He also praised Mews’ team for their product development and execution, noting that their commitment to innovation and growth makes the company a leader in transforming the hospitality industry.

“Mews has the people and the passion to deliver on its mission and transform hospitality and beyond. The team is driving impressive product development and flawless execution, powering its growth trajectory. I am excited to be a part of Mews’ continued success and to work with the leadership team to accelerate the company’s next phase,” he added.

Conclusion

The appointment of Steve Cakebread to Mews’ board marks a significant milestone in the company’s journey toward becoming a global leader in cloud hospitality technology. With Cakebread’s extensive experience in IPO strategies and financial leadership, Mews is well-positioned to navigate its next phase of growth and continue its rapid expansion in the global hospitality market.

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