Online video platform Brightcove, which said publicly in April that it might go public next year, has now hired a new CFO, likely to lead the effort. The new CFO, Christopher Menard, previously was CFO at clinical trial software firm Phase Forward, which went public under his watch in 2004. The company was sold to Oracle earlier this year. Reuters cites a source in its report on Menard’s hiring who says that Brightcove’s IPO could come as soon as the first half of 2011.
Brightcove has raised more than $100 million, including $12 million in a fourth round earlier this year. Reports put its revenue last year at $80 million, near the $100 million figure usually associated with top candidates to go public.