Swingtide, Inc., a leading management and technology consulting firm specializing in CIO business issues, announced today that Managing Director Diane M. Carco has been named President and Chief Operating Officer, effective January 1, 2009.
Carco succeeds David Wroe, who will continue as Chairman and CEO and remain active in day-to-day operations through 2009.
“Diane has done an outstanding job leading the Swingtide consulting efforts in the areas of IT cost containment, optimization, and outsourcing advisory services,” Wroe said. “I am very pleased to see her take over all operations immediately and later become the key person directing Swingtide’s long-term growth. She is highly regarded not only externally in the Information Technology industry but internally by all members of the Swingtide team.”
Diane’s appointment comes at a time of growth for Swingtide. Its consulting services have recently been streamlined to form a suite of offerings to help CIOs and others with Technology Business Operations (TBO) – those functions of an IT department that go beyond the basics of applications and infrastructure and include strategic business areas such as IT sourcing and relationship management, the IT business office, and the management and oversight of outsourcing and complex transactions.
“Swingtide is expanding to respond to the market demand for optimization and efficiency in IT created by the current economy,” said Lawrence D. Lenihan, CEO of Swingtide’s primary investor, FirstMark Capital. “Diane’s thought leadership in this area has been an important part of our success, and I am happy that she has accepted the invitation from David and me to lead Swingtide into the future.”
Carco joined Swingtide in 2004 and has been instrumental in the development of its innovative and industry-leading IT optimization consulting offerings. She is coauthor of The Smart Way to Buy Information Technology: How to Maximize Value and Avoid Costly Pitfalls (AMACOM, 1998), a popular guide to the IT acquisition process.
About Swingtide
Swingtide, Inc., is an organization of high-value consultants with real-world experience, an analytical approach, and the ability to identify and solve IT-related business problems with well-defined methods. Its senior business and IT professionals have the experience required to solve complex business and technical problems in rapidly changing environments. Founded in 2001 with backing from FirstMark Capital and private investors, Swingtide helps its consulting clients reduce costs, efficiently outsource, and effectively complete mergers, acquisitions and divestitures.
About FirstMark Capital
Based in New York City, FirstMark Capital has established itself as a venture leader with a strong, national reach over its twelve year history. FirstMark invests in companies that are creating new markets with innovative technology solutions or rethinking existing markets by applying a novel business model. With nearly $2 billion in capital commitments, FirstMark’s team of investment and operations professionals have decades of real-world experience and leadership in core technology markets, making the firm uniquely qualified to offer industry insight, relationships and the operational expertise to build lasting businesses. Select historical investments include: Netgear, Inc. (NASDAQ: NTGR); First Advantage Corp. (NASDAQ: FADV); StubHub, Inc (Acquired by eBay, Inc.); Netegrity, Inc. (Acquired by CA Inc); Flarion, Inc. (Acquired by Qualcomm, Inc.); OutlookSoft Inc. (Acquired by SAP AG); Analex Corp. (Acquired by QinetiQ); Vallent (Acquired by IBM); Syndesis (Acquired by Subex) and Navic (Acquired by Microsoft). For more information, please visit www.firstmarkcap.com.
|
