Infobip appoints Richard Kraska as Chief Financial Officer as it continues to target ambitious profitable growth

Vodnjan, Croatia, March 21, 2023 - Global cloud communications platform Infobip has appointed Richard Kraska as Chief Financial Officer (CFO). Richard is a seasoned finance professional who has previously held CFO roles at several fast-growth software businesses. He will lead Infobip's finance team as it enters a new phase of ambitious profitable growth and cements its position as the leading full-stack omnichannel communications platform for every platform.

Richard joins from RealPage, a real estate software platform with a market leading position in US $250B rental market, where he was CFO. Before this, he was CFO of the IT business Rocket Software, where he led significant transformations within the finance function to drive overall business growth. Prior roles include leadership positions at memory company Western Digital in Silicon Valley and 16 years at GE. Over his career, he has developed a broad business knowledge, having worked across media, financial services, oil and gas, healthcare, and more.

Richard joins Infobip during a period of significant growth. The platform has expanded its global reach and technical offering with several acquisitions, including messaging heavyweight OpenMarket and VoIP provider Peerless Network in the U.S. In addition, the platform acquired developer conference Shift and tech magazine Netokracija to support its developer relations strategy. Just last month, tech analyst Juniper Research ranked Infobip as the number one CPaaS provider of 19 vendors exceeding all its competitors in its capacity and capabilities.

Silvio Kutić, CEO at Infobip, said: "The CPaaS market will double in size in the next four years, according to Juniper research. So, Infobip is capitalizing on that growth and reinforcing our position as the market-leading CPaaS provider. Our continued expansion reflects that customers increasingly demand seamless interactions between businesses, people and things.

"Richard is an outstanding finance leader who understands our business and market and has notable expertise leading the finance functions at fast-growth, innovative software businesses. With Richard, we are confident in our mission to achieve ambitious profitable growth."

Previous CFO Mario Baburić is leaving to start a new career path after almost four years as a part of Infobip's leadership team.

About Infobip
Infobip is a global cloud communications platform that enables businesses to build connected experiences across all stages of the customer journey. Accessed through a single platform, Infobip's omnichannel engagement, identity, user authentication and contact centre solutions help businesses and partners overcome the complexity of consumer communications to grow business and increase loyalty. With over a decade of industry experience, Infobip has expanded to 70+ offices globally. It offers natively built technology with the capacity to reach over seven billion mobile devices and 'things' in 6 continents connected directly to over 9,700+ connections of which 800+ are direct operator connections. Infobip was established in 2006 and is led by its co-founders, CEO Silvio Kutić, Roberto Kutić and Izabel Jelenić.

About Peerless Network, An Infobip Company
Peerless Network is a leading-edge provider of telecommunications services that delivers the highest quality voice solutions for VoIP and enterprise customers worldwide. As a disruptor in the telecom industry, Peerless Network is a reliable network that scales efficiencies, lowers customer costs, increases quality, and automates workflows with ease of implementation via our portfolio of cutting-edge products and services. Our automated platforms, the Peerless Portal and ANImate, allow customers to easily provision Cloud PBX, SIP trunking channels, SD-WAN, telephone numbers, local service, domestic/international long distance, and toll-free services from one advanced system. Peerless is dedicated to driving innovation and bringing value to customers by expanding our suite of products, services, and markets we serve. Peerless Network is headquartered in Chicago, IL. The company was acquired by Infobip, the world's most connected cloud communications platform, in 2022. For more information, visit www.peerlessnetwork.com and follow us on LinkedIn.

Recent award wins include:

• Ranked the leading service provider in CPaaS by Juniper Research in its new Competitor Leaderboard CPaaS Vendors (January 2023)
• Infobip named a leader in the CCaaS Leaderboard, Juniper Research (Aug 2022)
• Omdia Ranks Infobip as Leader in CPaaS Universe Report (May 2022)
• Ranked the leading service provider in CPaaS by Juniper Research in its new Competitor Leaderboard CPaaS Vendors (October 2021)
• Infobip named a Leader in the IDC MarketScape: Worldwide Communications Platform-as-a-Service (CPaaS) 2021 Vendor Assessment (doc #US46746221, May 2021)
• Best A2P SMS provider for the fourth year running by mobile operators and enterprises in ROCCO's annual Messaging Vendor Benchmarking Report
• Best CPaaS Provider of the Year, Best RCS Provider of the Year, and Mover & Shaker in Telco Innovation at the 2021 Juniper Digital Awards

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