BlueCat appoints Stephen Devito as Chief Executive Officer
BlueCat, the Adaptive DNS Company™, today announced that Stephen Devito has been named Chief Executive Officer effective September 11, 2020.
Key takeawaysThis key takeaway was generated through LLMs crawling the page and coming up with an overview of the content.BlueCat announced on September 22, 2020 that Stephen Devito has been named Chief Executive Officer effective September 11, 2020, succeeding Michael Harris who will remain on the Board of Directors. The article highlights Devito’s internal progression from CFO (since February 2018) to COO earlier in 2020, his two decades of financial and operational leadership, and his role in advancing BlueCat’s Adaptive DNS strategy amid accelerated digital transformation. It also reports recent business momentum: double-digit net new revenue growth, tripled logo acquisition since March 2020, and a customer Net Promoter Score around 80, underscoring customer satisfaction and market relevance for DDI, hybrid cloud, security posture, and automation initiatives.
What qualifications and experience does Stephen Devito bring to his role as CEO of BlueCat?
Stephen Devito joined BlueCat as Chief Financial Officer in February 2018 and served as Chief Operations Officer since early 2020 before becoming CEO effective September 11, 2020. He brings over two decades of senior financial and operational leadership, a Bachelor of Commerce from the University of Toronto, and is a designated CPA, CA with the Institute of Chartered Professional Accountants of Ontario. His prior roles include serving as CFO at Marketwired (which he helped sell to Nasdaq in 2016), leadership at Second Cup through an IPO, and work with Q4 Inc., demonstrating a track record in finance, operations, and strategic transactions relevant to scaling and maturing the company.
How has BlueCat performed commercially and with customers leading up to and during Devito’s leadership transition?
The article reports that since March 2020 BlueCat achieved double-digit net new revenue growth and tripled its logo acquisition compared to the prior year, indicating accelerated commercial momentum. During this period the company’s customer Net Promoter Score (NPS) remained around 80, significantly exceeding industry averages for customer satisfaction. These outcomes are credited to the company’s diversified product portfolio and strategy to accelerate adoption of Adaptive DNS, positioning BlueCat to support customers’ digital transformation, hybrid cloud adoption, security posture improvements, and automation at scale.
What strategic role does BlueCat claim its Adaptive DNS technology plays for customers?
BlueCat positions Adaptive DNS as a re-imagined DNS approach that is dynamic, open, secure, scalable, and automated to support challenging digital transformation initiatives. The company states Adaptive DNS enables hybrid cloud adoption, improves security posture, and drives automation at scale — core needs as organizations accelerate infrastructure change. BlueCat frames its product portfolio as differentiated and central to helping large organizations manage network complexity from the edge to the core, with the company aiming to accelerate adoption and deliver increased value to customers.
TORONTO, September 22, 2020 /PRNewswire/ – BlueCat, the Adaptive DNS Company™, today announced that Stephen Devito has been named Chief Executive Officer effective September 11, 2020. Michael Harris, who has served as BlueCat’s CEO for the past eight years, has decided for personal reasons to step down and will remain on the BlueCat Board of Directors. Devito, who joined the company as Chief Financial Officer in February 2018, has also served as Chief Operations Officer since early 2020 and brings over two decades of senior financial and operational leadership to the CEO role.
“Stephen’s deep knowledge of the business, cultural fit within the organization and calculated approach to growing the company in strategic areas make him the right choice to lead BlueCat alongside the talented executive team,” said Harris. “BlueCat’s customers, employees, shareholders and partners know him well and will benefit tremendously from his continued leadership and commitment to building the company’s differentiated product portfolio.”
Since joining BlueCat, Devito has worked alongside Harris to develop the company’s winning strategy and diversified product portfolio, positioning the company to accelerate adoption of Adaptive DNS and drive increased value for customers in the face of today’s unpredictable environment. Since March 2020, BlueCat has achieved double-digit net new revenue growth and tripled its logo acquisition compared to the prior year. In addition, during this time the company’s customer Net Promoter Score (NPS) remained around 80, far exceeding industry averages for customer satisfaction.
“BlueCat’s products are core to enabling the rapid acceleration of change in infrastructure required to achieve the goals of digital transformation,” says Devito, “The DDI market has continued to expand to enable hybrid cloud, increase security posture, and drive automation at scale with BlueCat leading the way. I look forward to continuing the incredibly profitable growth trajectory we have established in the space and the success we have enabled for our customers. On behalf of the BlueCat team, I want to thank Michael for his tremendous contributions to this company and many years of dedicated service as we work to build on our significant momentum.”
Devito’s experience includes an impressive track record serving as the Chief Financial Officer at Marketwired, which he helped sell to Nasdaq in 2016; Second Cup, which he led through an initial public offering (IPO); and Q4 Inc. He is a designated CPA, CA with the Institute of Chartered Professional Accountants of Ontario and holds a Bachelor of Commerce from the University of Toronto.
About BlueCat
BlueCat is the Adaptive DNS™ company. The company’s mission is to help the world’s largest organizations thrive on network complexity, from the edge to the core. To do this, BlueCat re-imagined DNS. The result – Adaptive DNS™ – is a dynamic, open, secure, scalable, and automated resource that supports the most challenging digital transformation initiatives, like adoption of hybrid cloud and rapid application development. Learn more at bluecatnetworks.com
Contact:
Dana Iskoldski
Corporate Communications Manager
[email protected]
Published in:
BlueCat provides core services and solutions that help our customers and their teams deliver change-ready networks. With BlueCat, organizations can build reliable, secure, and agile mission-critical networks that can support transformation initiatives such as cloud adoption and automation. BlueCat’s growing portfolio includes services and solutions for automated and unified DDI management, network security, multicloud management, and network observability and health.
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