Brainshark Appoints Greg Flynn as CEO

Former CEO Joe Gustafson Named Chairman of the Board

Waltham, Mass. — January 28, 2016 Brainshark, Inc., delivering SaaS-based sales enablement solutions, today announced that Greg Flynn has been promoted to CEO. A co-founder of the company and previously president of Brainshark, Flynn will now direct strategy and lead all day-to-day operations.

Joe Gustafson, Brainshark founder, has been named chairman of the company’s board of directors. In his new role, Gustafson will continue to provide input into Brainshark’s strategic direction and will remain active in developing relationships with key customers and partners. These transitions come as Brainshark further extends its leadership in the sales enablement market – recently announcing expanded operations and demand, and plans to grow headcount by 35 percent this year.

“Over the last 17 years, Joe and Greg have created a strong partnership, which has produced market-leading solutions for customers and excellent business results,” said board member Jack Derby. “As CEO, Joe has had a singular focus on setting an unbeatable company strategy. He will be a great chairman.

"We've been planning this succession for the past few years, as signaled by Greg's promotion to president in 2013. Greg's achievements leading Brainshark’s product development, marketing, sales and services organizations have positioned him well to take the helm as chief executive. He has the full confidence and support of the board behind him.”

Gustafson said: “Helping to grow Brainshark since our inception in 1999 and working closely with our talented team have been truly rewarding and defining experiences. This is now a natural evolution of leadership at Brainshark. I’m looking forward to working with Greg to advance our strategy, while also continuing to help our customers achieve their sales productivity objectives. I’m confident Greg will continue to innovate, grow our business and maximize the value of our solutions to customers.”

Appointed to Brainshark’s board in 2014, Flynn has also been a member of the leadership team since the company was founded. He has been instrumental in building and solidifying Brainshark's reputation as a leading provider of sales enablement solutions and a top-tier SaaS organization.

"Joe is a thought-leader, great mentor and friend," Flynn said. “As the visionary behind Brainshark’s innovations, Joe has continuously demonstrated his dedication to the company. This won't change in our new roles. I appreciate the trust that he and the board have placed in me to extend Brainshark's market leadership and continue to grow our brand.

"I look forward to leading Brainshark’s team – composed of the most motivated and talented people in the industry. At Brainshark, our customers come first, and we are dedicated to creating market-leading solutions that help companies close more deals. We’re well-positioned for growth and success."

About Brainshark

Brainshark sales readiness software equips businesses with the training, coaching and content authoring capabilities to achieve sales mastery and outsell the competition. With Brainshark, companies can: prepare sales teams with on-demand training that accelerates onboarding and keeps reps up-to-speed; validate readiness with sales coaching that ensures reps master your message; and empower sales organizations with rich, dynamic content that can be created quickly and accessed anywhere. Thousands of companies – including more than half of the Fortune 100 – rely on Brainshark to identify and close performance gaps, and get better results from their sales enablement initiatives. Learn more at www.brainshark.com.