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Press Release

FiscalNote Announces Can Babaoglu as Chief Product Officer to Accelerate AI-Powered Product Innovation, Customer Engagement, and Product-Led Growth

 

WASHINGTON, D.C. – Tuesday, September 10, 2024 – FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote"), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced the appointment of Can Babaoglu as Chief Product Officer, effective immediately. Babaoglu will report directly to Josh Resnik, FiscalNote’s President & Chief Operating Officer.

Babaoglu brings almost two decades of product development, product management, and product-led growth experience to his new role as a member of FiscalNote’s senior leadership team. He will lead the conceptualization, development, and growth of dynamic software-as-a-service (“SaaS”) products and AI copilots for the Company’s global customers who depend on FiscalNote as an essential partner to deliver results in policy, regulatory, legal, and strategic and operational risk.

Immediately prior to his role at FiscalNote, Babaoglu was Vice President for Product at Casetext, which was acquired by Thomson Reuters for $650 million in 2023 (Babaoglu continued in his position post-acquisition). In that role, he spearheaded the development of CoCounsel, the world's first AI legal assistant. During his six years at Casetext, Babaoglu held progressively senior roles and helped design, build, and expand products in the areas of legal tech, SaaS, and AI while driving annual recurring revenue growth (ARR), doubling Net Promoter Scores (NPS), and tripling trial-to-subscription conversion rates for its products. An entrepreneur by nature, his other positions include Cofounder of Smartup Network, Cofounder & CEO of Sprongo.com, and CEO of Zampus.com.

In his new role at FiscalNote, Babaoglu will lead the Company’s overall product roadmap, strategy, and vision to drive profitable growth by meeting the needs of global customers and evolving market demands. He will leverage FiscalNote’s market-leading position in AI and its strengths in data science – as showcased in the Company’s recent AI Product Day – to create more valuable and engaging solutions, including optimizing existing products and launching new ones.

“At FiscalNote, we are committed to creating the most engaging and valuable experiences for our customers, and bringing in a world class Chief Product Officer to lead those efforts has been a top priority,” said Resnik. “Can’s experience, leadership, and proven track record of innovations and accomplishments are a perfect fit for our organization, and will fuel the acceleration of our product roadmap to drive higher engagement and retention rates to grow revenue and improve operating leverage. We are thrilled to have Can lead us into the next frontier of product innovation, development, and excellence.”

“FiscalNote has accumulated an AI-focused product leader's dream set of assets – a large customer base, highly valuable and costly to replicate datasets, technology that is very difficult to emulate, and a team of exceptional people who have put it all together,” said Babaoglu. “I am very excited to work with my new colleagues to ensure FiscalNote continues to bring clarity to an uncertain and complex world by empowering customers with market-leading, innovative AI products.”

As part of his appointment, FiscalNote’s Board of Directors has approved the grant of the following equity awards to Babaoglu:

  • 25,000 restricted stock units vested immediately;
  • 275,000 restricted stock units vesting over three years (with one-third vesting on the first anniversary of the grant date and the remaining two-thirds vesting in equal increments each quarter over the next two years); and
  • 200,000 options vesting over four years (25% on the first anniversary of the grant date and the remaining 75% vesting in equal increments each quarter over the next three years).

    The awards will be made under FiscalNote Holdings, Inc.’s 2024 Inducement Equity Incentive Plan (the “Plan”), which provides for equity awards to new employees of FiscalNote, effective upon the registration of the Plan on Form S-8 with the Securities and Exchange Commission. The awards will be granted as a material inducement to Babaoglu joining FiscalNote, in accordance with the exemption from the shareholder voting requirements of NYSE Listing Rule 303A.08.

    About FiscalNote
    FiscalNote (NYSE: NOTE) is a leader in policy and global intelligence. By uniquely combining data, technology, and insights, FiscalNote empowers customers to manage political and business risk. Since 2013, FiscalNote has pioneered technology that delivers critical insights and the tools to turn them into action. Home to CQ, Dragonfly, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.

    Contacts:

    Media
    Nicholas Graham
    FiscalNote
    press@fiscalnote.com

    Investor Relations
    Bob Burrows
    FiscalNote
    IR@fiscalnote.com

    Source: FiscalNote