LastPass, a $200M fast-growing security company privately backed by Francisco Partners as the global leader in zero-knowledge password management, recently built its executive leadership team through the guidance of new CEO, Karim Toubba.
Executive Placements In The Second Half Of 2021
ON Partners highlights private equity & growth executive placements for the second half of 2021
Named to the Hunt Scanlon Private Equity Recruiting Power 100 ranking of the most prominent executive search firms serving the sector, ON Partners brings deep experience in the space. With growth and PE firms deploying capital at record-setting rates, the need for key executives to lead these companies is vital. The sharp growth in market demand has made it exceptionally difficult to acquire top talent, and the companies that are successfully bringing on top-tier executives are those moving swiftly and decisively, often exceeding compensation expectations.
According to financial data and research company Pitchbook, “Through the first half of the year, PE firms have closed on 3,708 deals, worth a combined $456.6 billion—nearly two-thirds the deal value we recorded in all of 2020. Q2 2021 registered the second-highest deal activity in a decade after Q4 2020. While it may be too early to predict with certainty, deal-making and exits are easily on pace for a record-setting year, while fundraising is tracking close to 2019’s elevated levels.”
Notes ON partner Baillie Parker, “The current climate is unprecedented. There is so much acquisition activity despite the high valuations.”
H2 2021 EXECUTIVE SUCCESSFUL PLACEMENTS
Highlights of ON’s private equity and growth executive placements in the second half of 2021 include:
365 Retail Markets – CRO
365 Retail Markets is the global leader in unattended retail technologies and a personalized partner to foodservice operators on the road to success.
AbacusNext – CRO
AbacusNext provides industry-leading practice management solutions for thousands of professional service organizations worldwide.
Campspot lists top-rated camping destinations available for online booking in North America. The company partners with its listed campgrounds to get real-time pricing, guaranteeing the best deal, with no membership fees required.
Greenlight Guru – CTO
Greenlight Guru is the only quality management software designed speciﬁcally for the medical device industry.
Klaviyo – VP Engineering
Klaviyo is a marketing automation platform that automates SMS and email marketing to help businesses acquire, retain and grow their customers.
Lower – VP Engineering
Lower’s goal is to make homeownership more accessible and to help more people buy homes. The company compares the lowest home finance, refinance, and savings interest rates, and then beats them.
Point of Rental – SVP Sales
Point of Rental provides rental and inventory management software solutions that connect people from every rental vertical and job role, empowering them with the tools they need to streamline operations and grow strategically. For more than 35 years, Point of Rental has led industry innovation, earning dozens of innovation and service awards for rental software.
Real – COO
Founded in 2014 and headquartered in New York City, Real (TSXV: REAX) (NASDAQ: REAX) is a technology-powered real estate brokerage. Real is on a mission to always find ways to make agents’ lives better, creating financial opportunities for agents through a better agent plan, best-in-class technology, revenue sharing and equity.
SmartRecruiters – CMO
As a global leader in enterprise recruitment software, SmartRecruiters offers a cloud-based global Talent Acquisition Suite that allows teams to attract, select, and hire the best talent.
Vena Solutions – CTO
Vena connects people, existing systems and data to power finance-led business planning and real-time reporting using the world’s leading spreadsheet platform.
For more information on the demand for private equity & growth executive as we move through 2022, see our latest report here.
About ON Partners
Since 2006, ON Partners is the only pure-play executive search firm building diverse C-level and board leadership teams. We rebuilt the institution of executive search for the way you work. Our approach includes present partners who engage with their clients from the first brief to the final decision, individually crafted solutions that are unique to each client, and an easier experience all around. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists nine times, ON Partners is consistently ranked among the top 20 retained executive search firms in the U.S.
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