Visionary SaaS leader joins AI resilience pioneer to
further capitalize on immense opportunities for supply chain and
artificial intelligence technologies
ARLINGTON, Va., April 16, 2024 /PRNewswire/ -- Interos today
announced global SaaS executive Ted
Krantz will join the company as Chief Executive Officer to
work alongside Jennifer Bisceglie,
who will assume a new role as Founder & Executive Vice Chair,
both joining the Interos Board of Directors, effective immediately.
Krantz and Bisceglie will work together to usher in a new chapter
of growth and build on a record year of momentum, including
accelerating margins, customer expansion, and groundbreaking
platform innovations.
Organizations today face an estimated $2.5 trillion in annual losses from supply chain
disruptions. Bisceglie was an early visionary to recognize this
critical challenge nearly two decades ago, founding Interos and
building an AI-first company that helps numerous Global Fortune 500
companies, the U.S. Department of Defense, and many other leading
organizations proactively mitigate supply chain risk. Interos was
recently recognized as one of Inc. magazine's Fastest-Growing
Private Companies in North America
and named a Fastest-Growing Technology Company in North America on Deloitte's Technology Fast
500.
"Interos has been on a powerful trajectory as organizations and
government agencies have awoken to the tangible and immediate
impacts of supply chain disruptions. Together with Ted, I look
forward to writing the next chapter in Interos' journey to help
customers take control of risk for competitive advantage," said
Jennifer Bisceglie, Founder and
Executive Vice Chair.
Interos has seen significant growth and momentum in 2023,
including +50% ARR growth and +60% improvement in gross margin. Its
recent launch of Interos Resilience Watchtower™ empowers customers
with industry-first personalized risk intelligence for a faster and
more precise risk response.
"I am excited to join Interos, a dynamic company well positioned
to be the primary artificial intelligence player in the supply
chain ecosystem," said Ted Krantz,
CEO of Interos. "Jennifer and the Interos team have built an
incredible company and groundbreaking supply chain operational
resilience technology that is helping some of the world's most
influential companies and government organizations automate
supplier risk to get in front of disruptions. I look forward to
working together with Jennifer and the team to accelerate this
success and scale the organization forward into the future."
Krantz has more than 20 years of CEO and executive leadership
experience at artificial intelligence market leaders and ERP
organizations. He is uniquely positioned to lead the adoption of
artificial intelligence to mitigate systemic threats, achieve
regulatory compliance, and drive scale for next-generation supply
chain resilience AI. He brings deep digital and sector expertise,
including a history of strong operational rigor and a demonstrated
track record of driving impressive growth at various stages of
multiple SaaS AI companies.
Krantz joins Interos most recently from leading mobile
intelligence platform data.ai, where he served as CEO and helped
drive significant recurring revenue growth and the use of
artificial intelligence technology across nearly all the company's
product lines. Prior to that, he held top go-to-market and sales
roles at organizations including Skai, C3.ai, SAP America and
Oracle.
"Interos has made extraordinary inroads in helping organizations
mitigate the multi-trillion-dollar supply chain challenge. In a
classic 'better together' story, Ted brings his artificial
intelligence, go-to-market and operational expertise to the table,
alongside Jennifer's visionary leadership and industry knowledge,
to accelerate Interos and its customers to the next stage of growth
and position the company to capitalize on the immense opportunity
ahead of it," said Dave DeWalt,
member of the Board of Directors and Founder and CEO, NightDragon,
an investor in Interos.
About Interos
Interos is the AI-first operational resilience company,
pioneering scoring and relationship discovery technologies that
enables customers to automate risk assessment, detection, and
response. As the world's first, and only, automated supplier
resilience platform, we map and monitor physical and digital supply
chains at scale to protect organizations from regulatory
violations, unethical labor, cyber-attacks, bankruptcy,
catastrophe, and other systemic vulnerabilities. Interos serves a
variety of commercial, government, and public sector customers
around the world including a host of Global Fortune 500 companies
and from within the members of the Five Eyes nations.
www.interos.ai.
Media Contact:
media@interos.ai
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SOURCE Interos