Progress announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.
Electric Cloud expanded its leadership team to build upon its growing success in the DevOps and Continuous Delivery marketplace.
New additions to the leadership team include Tom Frederick, Board Member; John Giannitsis, Chief Revenue Officer; and Carmine Napolitano, Chief Financial Officer.
“We’re thrilled with the recent traction we’ve been getting and the deals we’ve been winning, which include a Fortune 20 bank, a leading online mortgage lender and a leading privately-held online stock trading firm,” said Steve Brodie, CEO for Electric Cloud. “We’re excited for the immediate impact these industry veterans will have on the Electric Cloud team as we continue to capitalize on strong market demand with best in class technology and a relentless commitment to customer success.”
The new leadership team members bring invaluable experience to Electric Cloud:
- Tom Frederick, Board of Directors: Frederick will serve as the newest member on the Board of Directors. With more than 35 years of global and cross-industry experience in a wide variety of technology-based operating, investing and advising roles, Frederick is a proven leader with an established track record of creating industry level solutions, transforming organizations and building businesses. Frederick’s operating experience includes various CEO positions and executive roles in the strategy, sales, marketing, development, service and finance functions in variety of public and private SaaS and enterprise software and systems companies. Frederick’s consulting experience includes leading and building the global strategy and technology practice at Arthur Andersen Business Consulting. Tom’s venture capital experience includes formerly serving as a general partner at Venrock Associates.
- John Giannitsis, Chief Revenue Officer (CRO): Giannitsis works closely with the sales, marketing and engineering teams to enable a high-performing sales team through faster feedback loops both internally, and with customers. Giannitsis has more than 20 years of experience in sales, where he has led teams to big revenue numbers and company acquisitions. Prior to Electric Cloud, he was Senior VP of Sales at OnBoardify and also led successful growth at companies including Keynote Systems, MKS (now PTC), Rational Software (now IBM), and Computer Associates.
- Carmine Napolitano, Chief Financial Officer (CFO): As the CFO for Electric Cloud, Napolitano will oversee Electric Cloud’s financial activities and operations. With more than 25 years of experience in general, financial, and technology management in public and private companies, Napolitano has completed over $500M in financial transactions over his career. He has been part of industry leading teams at Paradata, Blekko, Computer Access Technologies, LeCroy, Centric Software, and Wavefront Technologies — all companies that pioneered new markets. Prior to Electric Cloud, Napolitano was CFO at Paradata.
Industry News
Red Hat announced the general availability of Red Hat Enterprise Linux 9.5, the latest version of the enterprise Linux platform.
Securiti announced a new solution - Security for AI Copilots in SaaS apps.
Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, has announced significant momentum around cloud native training and certifications with the addition of three new project-centric certifications and a series of new Platform Engineering-specific certifications:
Red Hat announced the latest version of Red Hat OpenShift AI, its artificial intelligence (AI) and machine learning (ML) platform built on Red Hat OpenShift that enables enterprises to create and deliver AI-enabled applications at scale across the hybrid cloud.
Salesforce announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale.
OpenText™ unveiled Cloud Editions (CE) 24.4, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work.
Red Hat announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade developer portal based on the Backstage project.
Pegasystems announced the availability of new AI-driven legacy discovery capabilities in Pega GenAI Blueprint™ to accelerate the daunting task of modernizing legacy systems that hold organizations back.
Tricentis launched enhanced cloud capabilities for its flagship solution, Tricentis Tosca, bringing enterprise-ready end-to-end test automation to the cloud.
Rafay Systems announced new platform advancements that help enterprises and GPU cloud providers deliver developer-friendly consumption workflows for GPU infrastructure.
Apiiro introduced Code-to-Runtime, a new capability using Apiiro’s deep code analysis (DCA) technology to map software architecture and trace all types of software components including APIs, open source software (OSS), and containers to code owners while enriching it with business impact.
Zesty announced the launch of Kompass, its automated Kubernetes optimization platform.
MacStadium announced the launch of Orka Engine, the latest addition to its Orka product line.