PerformLine, a regtech company that delivers automated compliance solutions, has acquired social media technology company Silverback Social, with former CEO Chris Dessi joining as VP of Sales.
Former Silverback Social CMO John Zanzarella will be joining PerformLine as Director of Sales and Marketing Operations.
Dessi was CEO of Silverback Social since 2012 and brings 20 years of sales leadership expertise in the software and tech sectors. He joined Silverback Social as CMO in 2013 and acted as CEO of the Westchester Digital Summit.
“This acqui-hire is a clear sign of how intelligently PerformLine is growing. When your customers are the largest and most complex financial institutions in the world, you recognise the need to bring in highly skilled A level talent quickly,” says Alex Baydin, CEO of PerformLine. “After closely tracking the success of Dessi and Zanzarella for the past five years, we knew that the most impactful way to further enhance our sales growth and COMPLY event was to integrate their leadership into the PerformLine team.”
“This transaction is a clear win-win for everyone involved,” says Dessi, VP of Sales at PerformLine. “We’re excited to be joining PerformLine at a time when the demand for PerformLine’s compliance monitoring platform is at an all-time high.”
