Seventh CEO in Ten Years for Webtrends

Webtrends CEO Joe Davis has left the company following the sale of its Infinity big data platform to Oracle. His replacement is former CFO Mike Laber.

Davis, who joined the company as CEO in 2014 from mobile ecommerce tech firm Tocata and had previously led Coremetrics, now says on his LinkedIn page: 'Having transitioned out of Webtrends after managing an asset sale to Oracle I am taking a break while exploring options for my next role'. The company confirmed his exit in response to an inquiry from new site www.oregonlive.com .

The firm employed around 400 people in 2014 and just prior to the Oracle sale this had reportedly declined to around 200, of whom almost half have moved across to Oracle. One of its problems over the years appears to have been hanging onto its CEOs - Davis' predecessor David Mitchell lasted just 5 months in the role, having replaced Alex Yoder. Yoder himself lasted five and a half years in the job but was the firm's fourth CEO in a year when he took over in August 2008.

Laber (pictured) joined the company in 2015 from Qorvo, a company formed by the merger of RF Micro Devices and TriQuint, where he worked for the previous six years as Chief Accounting Officer and Corporate Controller. Prior to that, he was VP of Finance at Harland Financial Solutions.

The Portland-based company was a pioneer in web traffic analysis and also has international operations in the UK, Sweden and Australia. Web site: www.webtrends.com .