NEW YORK ,
July 31,
2024 /PRNewswire/ -- Concertiv, the leading
provider of procurement for professional services firms, is
thrilled to mark a significant milestone by appointing Shane Torchiana as its Chief Executive Officer
and welcoming him to the Concertiv Board of Directors.
With the support of former CEO Priya
Iyer, Concertiv has experienced remarkable growth, doubling
its client base and revenues, and greatly expanding its product
offerings since 2021. With Torchiana at the helm and additional key
strategic hires, the company is poised to further accelerate this
growth. Enhanced by significant investment in its Concertiv360
platform, Concertiv continues to build on its successes.
"I am both humbled and excited to step into
the role of CEO at Concertiv," Shane remarked. "I believe the
company, with its innovative platform, deep industry expertise,
high retention rates, and blue-chip client roster, presents a rare
opportunity to rapidly scale a business that is exceedingly well
positioned to add value for its clients."
For nearly two decades, Torchiana has excelled in advising and
scaling fast growing companies. As COO and later CEO of Bird, Shane
grew operations from a few dozen to over 400 cities and led its
public offering and subsequent nine-figure sale. He has deep
experience in markets and investing, both as a Partner at BCG and
as a global macro investor at Morgan Stanley. At Concertiv, he is
poised to leverage his experience to build out the team and lead
the company through its next phase of growth.
ENTRUSTING THE FUTURE
Since joining in 2021, Iyer built Concertiv into an industry
leader. Together with the Board, she decided that now was the right
time to pass the torch to a new leader.
"Priya's experience, and leadership have
guided Concertiv to new heights, and we thank her for her tireless
work ethic and leadership," said Kipp
Nelson, President of Long Arc Capital and Chairman of the
Concertiv Board of Directors. "When we started the search for
Priya's replacement, we were looking for someone with a proven
track record of building high-growth, technology-driven services
businesses while also having experience working with leading asset
managers and banks. Shane's experiences at Boston Consulting Group
and Bird leave him well positioned to accelerate Concertiv's
continued growth."
DELIVERING MARKET EXPERTISE
To enhance the Company's ability to deliver expert solutions
tailored to the evolving needs of its clients, Concertiv has also
recently built out a deep bench of practice area experts. We're
excited to announce that we now have the most experienced senior
team in our industry:
- Will Lau, Head of Technology,
former Managing Director at Credit Suisse
- Tom Boran, Head of Data, former
Head of Market Data Services & Global Lead at Mizuho Americas
Services, previously the Global Head of Market Data Services at
Jefferies
- Patrick Cain, Head of Insurance,
former VP at CAC Specialty
- Jennifer Dzialo, Head of Travel,
former SVP of Partner Relations at Navigatr
- Jay Fox, Head of Customer
Success, former Global Head of Customer Success at TRG Screen
OPTIMIZING YOUR SPEND WITH CONCERTIV360
Concertiv's proprietary technology platform, Concertiv360,
streamlines vendor and cost management, improving control and
visibility. The platform features a comprehensive suite of tools
for managing contracts, invoices, vendors, compliance, and user
feedback, integrated with spend analytics and benchmarking for
better informed decision-making. It simplifies client processes,
boosts operational efficiency, and ensures compliance, enabling
firms to de-risk procurement and achieve cost efficiencies.
ABOUT CONCERTIV
Founded to serve the needs of six preeminent boutique investment
banks, Concertiv has grown into the leading provider
of procurement for professional services firms, including
leading firms such as Coller Capital, General Atlantic, and The
Riverside Company. We've spent the last decade building a
world-class procurement solution for these firms. Today, our
platform delivers clients 3x or greater ROI while improving their
experience and freeing them up to focus on their core business.
ABOUT LONG ARC CAPITAL, LP
Long Arc Capital is a private equity firm based in New York City dedicated to building and
scaling breakthrough technology and technology-enabled businesses.
Founded in 2016, Long Arc has six Partners collectively with over
150 years of investing and operating experience. The firm has a
philosophy of "active ownership," partnering with entrepreneurs and
management teams by bringing to bear a comprehensive suite of
resources that advance the human capital, strategic, product
development, technology, and financial strengths of its portfolio
companies, with the goal of successfully driving their profitable
growth.
Media Contact:
Sarah Tremallo
stremallo@jconnelly.com
908 967 0381
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SOURCE Concertiv