Funding and New CEO for Business Data Exchange Adeptia

B2B data integration and business data exchange Adeptia has raised $65m in funding, led by growth equity firm PSG, whose Senior Advisor Vance Loiselle has been named CEO of Adeptia. Loiselle replaces Lou Ennuso, who will remain Head of Strategy and Executive Chairman.

US-based Adeptia provides enterprise software through which to automate business processes, and its B2B integration software is designed to simplify and speed data integration between companies and their customers, partners and suppliers. In addition to Loiselle's appointment, Adeptia has hired Paul Moriarity as Chief Revenue Officer, after a career which has included serving as VP of Worldwide Sales at software firm Rollbar, and leadership positions at PTC, Oracle, Medallia and Snowflake.

With the PSG investment, Adeptia intends to drive growth in software innovation, customer success and market adoption. Bill Skarinka, Managing Director at PSG, comments: 'In our view, the Adeptia team has built an incredible business, and now with Vance at the helm, we believe the company is uniquely positioned to own the intersection of AI, self-service and B2B data integration. We are looking forward to partnering with Vance and the team in this new chapter'.

Web site: www.adeptia.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.