TechCXO, the pioneer in on-demand executives, reported a 27% increase in service fees to $52 million. The firm is in its 20th year and will soon be expanding to include full-time, interim executives for the middle market.
ATLANTA, Feb. 23, 2023 /PRNewswire-PRWeb/ -- TechCXO, a pioneer in providing industry-relevant, on-demand executives and teams to companies in the U.S. and U.K., reported an increase of 27% in annual service fees in 2022 over 2021 to more than $52 million. TechCXO has increased revenue every year since its inception in 2003.
"As TechCXO celebrates its 20th anniversary this year, we are in the strongest position in our history. We now have more than 100 partners – the most in our history – and 90 consultants. We are retaining our partners at record rates because they love their clients, the firm's business model and our collegial environment," said J. Kent Elmer, TechCXO's Managing Partner. "Very soon we will be announcing a major new service offering in response to requests from the private equity community and middle-market companies for full-time, interim executives."
TechCXO was founded in 2003 on the premise that companies can benefit from having the best executive talent available and serving as their CFOs, CTOs, CSOs, CMOs, CROs, COOs, CHROs and other executives on a part-time or project basis. Companies might not otherwise be able to access the talent and experience level of a TechCXO partner and teams due to cost or availability.
TechCXO has assisted more than 5,000 clients in its history. In addition to executive support, companies can also outsource their entire Finance, Sales & Marketing, IT, HR and Operations functions to TechCXO for 50-75% less than it costs to staff full-time, loaded salaries. All TechCXO partners and staff are U.S. and U.K.-based.
"TechCXO was built on financial expertise from our CFO partners, and it remains our largest practice, but our Product & Technology and Executive Operations groups were our fastest growing practices last year," added Kent Elmer. "The market for proven executive leadership talent is tight, so new companies are entering the space, but our two decades of experience providing expert, on-demand support is a differentiator, we believe."
Recently, TechCXO named new regional leadership. Viraj Parikh (bio), who has served as TechCXO's Managing Partner for Nashville since the firm began operations there in 2017, will now lead the firm's Central Region, which includes Austin, Dallas, Chicago/Great Lakes, and Nashville. Additionally, Viraj will be leading the firm's recruiting and outreach efforts in cities of interest which include Cleveland, Ohio; Columbus, Ohio; Detroit, Michigan; Houston, Texas; and Indianapolis, Indiana.
Jim Corr (bio), who has led TechCXO's operations in Philadelphia since joining the firm in 2019, is an accomplished CFO with 30 years of financial management experience. Jim will now add North Carolina cities to his responsibilities with an emphasis on Charlotte and Research Triangle Park. Jim will lead TechCXO in metro Washington, D.C., as well.
TechCXO will continue to be led in Boston by Chris Thomajan (bio), and in New York by Ted Stone (bio). In Atlanta, TechCXO's headquarters, Kent Elmer (bio) remains firm-wide Managing Partner; Mike Casey (bio), TechCXO's co-founder, now leads TechCXO's Finance & Operations Practice, and Paul Sansone (bio) leads outreach in metro Atlanta. Kevin George (bio) is Managing Partner for the Executive Operations Practice. Maria Goldsholl (bio) is the Managing Partner for the Human Capital Practice. Rick Nichols (bio) is Managing Partner for the Revenue Growth Practice. Greg Smith (bio) is Managing Partner for the Product & Technology Practice.
TechCXO is a pioneer in providing high potential companies across the country with industry-relevant interim and part-time executives on-demand. More than 5,000 companies, from startups to the Global 1000, have entrusted TechCXO to help with their critical functions by calling on TechCXO executives and teams as their CFOs, COOs, CSO, CTOs, CMOs, CHROs and other executive roles. For more information about the firm, please visit https://www.techcxo.com.
Bill Getch, TechCXO, 1 7703808481, [email protected]