insightsoftware appoints Industry veteran Michael Sullivan as CEO.
Sullivan joins insightsoftware from Acquia, a digital experience software-as-a-service (SaaS) company, where he was President and CEO for five years. He is praised for his entrepreneurial flair and an in-depth understanding of the development process, Sullivan is an established pioneer in the growth of SaaS businesses, particularly accelerating Acquia’s expansion through innovation in its products and many strategic acquisitions.
In the early years of the course of his professional career Sullivan was the founder and CEO of Steelpoint Technologies, which became a leading player in the eDiscovery sector.
He was the CEO and Founder during its acquisition by Zantaz that was later bought from HP Autonomy. Sullivan was later able to assume various management positions within Hewlett Packard Enterprise before supporting the merger of Micro Focus and Hewlett Packard Enterprise’s software business.
Sullivan is the recipient of numerous honors and awards for his accomplishments. In the month of October, 2022, he received the honor of being named one of the most influential 50 SaaS CEOs in 2022.
In December 2018, he received the honor of being listed among the Top CEOs Comparably. In the past, in 2000 and 2004 , the company recognized him as a finalist by Ernst & Young as an Entrepreneur of the Year finalist.
“As companies face a global recession, tech solutions to help managers protect against risk and make informed decisions are becoming increasingly crucial. With its range of solutions that help teams become more productive and improve business results, insightsoftware has earned an enviable reputation and is now a trusted advisor to its clients,” said Sullivan.
“It is an honor being asked to head the company’s insightsoftware. The company has enjoyed immense success and is growing at a rapid pace. I am looking forward to building upon its solid foundation and driving further levels of innovation and growth. I am looking forward to working with the world-class team.”
insightsoftware has seen rapid growth since it was established at the end of 2018 under the direction of TA and ST6 and ST6. It has completed 24 acquisitions in the past and is growing to over 32,000 enterprise clients around the world. By 2021 the company received Hg to invest in addition to TA and minor investors ST6 along with Genstar to further invent and further develop its software offerings.
“As we prepare for the next phase of growth at insightsoftware and expansion, we believe that Mike’s extensive management experience and entrepreneurial nature and dedication to providing the best customer experience makes him the ideal choice to lead the company,” said Hythem El-Nazer, Managing Director of TA.
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“We are looking forward to working with Mike to ensure continued organic and acquisition-based growth and to introduce new services and features to the customers we serve,” added Nic Humphries Executive Chairman and Senior Partner of Hg.
Sullivan replaces Jim Triandiflou, who has been the CEO since 2020. Under Triandiflou’s guidance, insightsoftware meaningfully increased revenue it was able to successfully complete 12 acquisitions to expand its software offerings as well as expanding its employee base across the globe. Sullivan and Triandiflou worked closely with the new leadership team.
“On behalf of board of directors we’d like to acknowledge and thank Jim for his contribution in the role of CEO.” added Mark Friedman, the executive chairman of insightsoftware and ST6’s Managing Director. ST6.
“Jim played a pivotal role in the development of insightsoftware and has contributed to the direction of the company’s continued expansion. We’re excited to build on this momentum along with Mike and help further establish the company’s leadership position in the market.”
insightsoftware is a top provider of reporting, analytics and solutions for performance management. More than 32,000 companies worldwide depend on us to meet the business requirements in the fields of finance, accounting operations, supply chain management, budgeting, tax HR, disclosure, and management.
We allow our customers in the Office of the CFO to connect to and gain a better understanding from their information in real-time to enable them to increase the financial intelligence of their business. Our top-of-the-line products provide customers with improved productivity, visibility, precision and compliance. Find out more about us at insightsoftware.com.