CVC-backed Omada, a provider of Identity Governance and Administration (IGA) software and cloud delivered IGA services, has appointed Michael Garrett as CEO.
IGA services improve the compliance and IT security, manage secure access across all corporate systems, ensure employee access is compliant with access policies and help automate IT processes for better efficiency.
Garrett has experience in software and services, most recently working as CEO for Workshare, a UK-based provider of secure enterprise file sharing and collaboration applications.
Garrett will bring his global software experience to the existing leadership team enabling the acceleration of Omada’s growth.
He takes over the role of CEO from founder Boel Sugurdsson, who is to take on a new role of President of the expanding North American region.
The appointment forms part of Omada’s growth and investment plan follow the acquisition of Omada by two private equity firms, CVC Capital Partners and GRO Capital. Garrett’s appointment is the latest of a number of leadership and Board changes over the last year, including: adding technology executives, Kevin Hickey (President & CEO of Prevalent and previously President & CEO of Beyond Trust) and Franck Cohen (previously President SAP Digital Core & Industry Solutions and previously President SAP EMEA) as Non-Executive Board Directors and Jim Ousley (Senior Operating Partner at CVC Growth Partners, previously CEO at Savvis) as Chairman of the Board, as well as new appointments in the Services and US Sales teams (Lars Bell and Jim Voloumanos).
Jim Ousley, Chairman, says: “We are excited to have Michael join the leadership team at Omada. His extensive and proven industry expertise in leading global software and services organisations will be a great addition to the company, coupled with the other on-going positive enhancements we are making as we embark on our next stage of global growth.”
“I am very pleased to join Omada at this pivotal time in the company’s history,” adds Garrett. “IGA is one of the fastest evolving requirements of digital transformation, compliance and IT security. Organizations across the globe are currently in a transition to the next generation of identity and access governance and this is exactly what Omada provides today.
“I believe Omada is perfectly positioned with a superior enterprise grade IGA SaaS solution in combination with the unique best practice IGA process framework. This combination differentiates Omada in the market, accelerating adoption and return on investment for its customers. I look forward to working with the broader Omada team to execute on our transformational growth strategy.”
Sigurdsson adds: “Omada is experiencing strong demand for its software and services offerings driven by increasing market demand for efficient, flexible compliance products and services. Our IGA leadership position was recently highlighted by being named as a Leader in the 2019 Gartner Magic Quadrant for Identity Governance and Administration. I look forward to working with Michael and our team in this exciting new chapter for the company.”
