Centage has announced the death of president and CEO Barry Clapp. He died Thursday, Nov. 16, on his 66th birthday, surrounded by family.

Centage provides financial software including tools for budgeting and analytics.

Jeb Spencer, co-founder and managing partner of TVC Capital, a lead investor in Centage, has been appointed executive chairman of Centage in the interim until a successor is named.

“Barry worked tirelessly over the last five years to transform Centage into the leader the company has become,” Spencer said in a statement. “His passion for the company, his commitment to excellence, his unequaled standards of integrity and character and his devotion to his customers, employees and investors is unlike anything I’ve seen in my lifetime. We will all carry the things we learned from Barry with us for the rest of our lives, and he will serve as an inspiration to us all.”

During his five years at Centage, Barry oversaw the quadrupling of Centage’s sales with a consistent 30 to 40 percent yearly growth. He streamlined the company’s sales processes and quintupled the number of employees. His innovation led to the successful transition of Centage’s flagship product, Budget Maestro, to a cloud-based budgeting solution.

Clapp started his 30-plus year career in technology sales, marketing, and business management at IBM. He credited his experience at IBM with fostering his customer-driven, value-driven, solution-oriented approach to management that he put into practice throughout his career. After leaving IBM, he spent five years helping build Management Decision Systems, a decision-support software company. Clapp then moved into international business development, opening worldwide distribution for an application development tool sold by Cortex. He participated in raising venture capital for that firm and doubled the company sales by growing the international division. Later, he managed $25 million in worldwide sales and support as vice president at satellite imagery company DigitalGlobe and then served as a strategic consultant to accelerate the growth of several early-stage companies. Clapp earned his Bachelor of Science degree in business administration from Nichols College and his MBA with honors from Babson College.

He is survived by his wife Paula; son Jesse Clapp and his wife, Erica (Decker) Clapp; daughter Laura Clapp; and his grandsons, Clyde and Felix Clapp.

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