ITRS, the leading provider of real-time IT monitoring and observability solutions, announced the appointment of Ryan Terpstra as Chief Executive Officer. He succeeds Guy Warren, who has decided to step down from his executive role to devote more time to his family, after successfully leading the business for over a decade.
Ryan Terpstra has over twenty years of experience leading and growing technology companies, ranging from venture-backed startups to private equity-backed mid-market companies to global public companies. Most recently, he served as Chief Product Officer at ION Analytics, a division of ION Group formed through the integration of Dealogic, Acuris, Backstop Solutions Group and Selerity.
Ryan Terpstra joined ION Group following the acquisition of Selerity, where he was the founder and CEO for over 10 years. During his time at Selerity and ION Group, Terpstra specialized in building and commercializing cutting-edge AI-powered products, making him ideally positioned to expand and innovate ITRS’ existing AIOps capabilities.
With Ryan Terpstra at the helm, ITRS is poised to continue strengthening its offering to new and existing customers through product innovation and targeted M&A. Ryan Terpstra is supported by ITRS shareholders, alongside Montagu and TA Associates, who remain committed to supporting the company’s growth over the coming years.
Commenting on his appointment, Ryan Terpstra said: “ I am delighted to be joining a world-class organisation like ITRS. Our customers are sophisticated and demanding, operating some of the most critical IT infrastructures that underpin the global economy. The trust placed in us by thousands of customers around the world, across many industries, means we play a vital role in ensuring that this economy is always on.”
“ The backing of some of the world’s leading growth investors, combined with ITRS’s incredibly talented professionals, places us in an ideal position to continue delivering on our mission.”
Since joining ITRS as Managing Director in 2014, Guy Warren has transformed the business into a $100 million revenue platform and expanded the company’s global footprint. He remains a significant individual shareholder and will continue to support the business as an advisor.
Looking back on his time at ITRS, Guy Warren said: “ I have had a great time building ITRS into the company it is today. I thank all my colleagues, the investors who have supported us and the customers who have shown us great loyalty. I know ITRS will be in good hands when Ryan takes over.”
Ryan Terpstra added, “ I want to thank Guy for his leadership and dedication in making ITRS the successful company it has become. I am honored to have the opportunity to continue his legacy and lead ITRS through its next chapter of growth.”
SOURCE: BusinessWire