Penny is President & CEO of FirstRain and sits on two public company boards: Lumentum (formerly JDSU) and Rambus. She is an experienced technology CEO, based in Silicon Valley, who took her first company, Simplex Solutions, public in 2001 and sold it to Cadence Design Systems in 2002 for $300MM. Prior to Simplex, Penny was a member
Penny is President & CEO of FirstRain and sits on two public company boards: Lumentum (formerly JDSU) and Rambus. She is an experienced technology CEO, based in Silicon Valley, who took her first company, Simplex Solutions, public in 2001 and sold it to Cadence Design Systems in 2002 for $300MM. Prior to Simplex, Penny was a member of the executive leadership team at Synopsys from $0, through their IPO, to $400MM in revenue.
FirstRain is an enterprise software company providing unstructured data analytics to the Fortune 500. The company serves customers like Cisco, HP, Pfizer, GE, J&J, Microsoft, Ciena, Motorola Solutions, D&B, Fidelity, IBM, Thomson Reuters, American Express, Facebook and more... across the technology, healthcare, communications, industrials and financials markets. FirstRain's big data analytics are both mobile and integrated into top enterprise platforms such as Salesforce.com, Microsoft Sharepoint and Microsoft Dynamics.
Penny chairs the Compensation Committee of the board at both Lumentum and Rambus and has deep expertise in executive compensation. She volunteers teaching business classes at Stanford Business School, the Haas School of Business at UC Berkeley, and Santa Clara University, and she is a speaker on leadership and career growth at various industry organizations.
Specialties: Leadership, executive management, strategy, marketing, enterprise sales, growth, software, analytics, electronic design automation, executive compensation, governance.
President & CEO @ CEO of one of the world's leading unstructured data analytics platforms. Privileged to be managing a group of spectacularly talented, passionate individuals, serving the world's largest companies and their information analytics needs. From December 2004 to Present (10 years 11 months) San Mateo, CABoard Director @ Member of the board of directors, Chair of the compensation committee, member of the Governance committee. On the board through the split of JDSU into Lumentum and Viavi which was effective August 1, 2015. Lumentum is the world leader in optical communications components and modules, powering virtually every communications network in the world—telecom, enterprise, or data center. From August 2008 to Present (7 years 3 months) Milpitas, CABoard Director @ Member of the board of directors, Chair of the compensation committee. Rambus creates cutting-edge semiconductor and IP products, spanning memory and interfaces to security, smart sensors and lighting. From July 2006 to Present (9 years 4 months) Sunnyvale, CABoard of Trustees @ ABI is one of the leading non-profits dedicated to the recruitment, retention and advancement of women in technology. Member of the board of directors and member of the Strategy committee for 11 years, and still works with the board and ABI on strategy as an emeritus board member. From January 2003 to December 2013 (11 years) Board of Trustees @ Member of the board of directors of the largest Planned Parenthood affiliate in the US. From 2007 to 2012 (5 years) San Jose, CAGM & CMO @ Member of Cadence senior management team. Managed marketing and the services division and then formed the high level design division. Lead several acquisitions in synthesis and simulation to build out a competitive product line for Cadence. From June 2002 to November 2003 (1 year 6 months) San Jose, CAPresident & CEO (& Chair) @ Built Simplex from $0 to $50M in revenue in the EDA space. Simplex invented new approaches to voltage gradient and currrent flow analysis in semiconductor design for the world's largest chip companies. Penny took the company public in May 2001, sold to Cadence for $300M in June 2002. It was her privilege to lead a spectacular group of people and to develop long lasting relationships with Simplex global customers. From April 1996 to June 2002 (6 years 3 months) Sunnyvale, CAGM, VP Marketing, Director Biz Dev @ Member of the senior management team that grew Synopsys from $0 to $400M in revenue. Penny held a series of leadership roles in marketing, business development and then as a GM running the $100M high level design division. Synopsys now has $2B in revenue and is the leader in EDA serving the world's top semiconductor and systems companies. From June 1988 to 1996 (8 years) Mountain View, CAR&D @ Software engineering manager, moved into marketing in 1986 From January 1984 to June 1988 (4 years 6 months) Sunnyvale, CAR&D Engineer @ Software developer for Design Automation Division working on chip test and layout applications From September 1982 to November 1983 (1 year 3 months) Bedford, UK
Executive MBA Program @ Stanford University Graduate School of Business From 1991 to 1991 BA HONS, MA, Mathematics, Kings College @ University of Cambridge From 1979 to 1982 Wycombe Abbey School From 1972 to 1979 Penny Herscher is skilled in: Executive Management, Marketing Strategy, Enterprise Software, Enterprise sales, Executive Coaching, Executive Compensation, Public company..., Technology Development, Software Engineering, Gender Equality, Non-profit Board..., Start-ups, Business Analytics