Jack Sweeney, 56, former managing director at Bain Venture Capital, has taken over as chief executive officer (CEO) of SevOne in place of Michael Phelan, who has retired from the CEO position for health reasons but continues as a strategic adviser.
SevOne, which raised $150m funding from Bain Capital in January 2013, is an IT performance management and reporting platform.
Sweeney, who has served previously at the helm of six companies as CEO, said: “SevOne has an incredible growth rate—75 percent year-over-year growth—and has captured some of the largest brand names in the world as clients. Global brands in financial services, technology, healthcare, telecom and service providers trust SevOne’s network and IT performance management solution and know it delivers tremendous value. I am very excited about being part of the momentum and continued success of SevOne.”