Published on TechTarget.com. Read the full article here.
The company, which is based in Toronto, has remained private without accepting venture capital investment, according to Dave Raffo, senior analyst at Evaluator Group.
The turnover of top-line executives marks a dramatic step for a company that has remained successful, albeit small. The continued profitability of the company under the same leadership marks consistency in the product’s capability and demand, alongside a seldom-seen length of tenure in the industry, according to Raffo.
“This is a really sweeping change,” he said. “That’s a different company right there, especially when they’re coming in and replacing a son-and-pop shop.”