Prevedere Announces Executive Leadership Changes; Rich Fitchen Promoted to CEO
Company makes leadership changes to embrace growing demand as companies seek roadmap for volatile and uncertain economic climate
SUNNYVALE, Calif., June 21, 2023 /PRNewswire-PRWeb/ -- Prevedere, a leading provider of global intelligence and technology for enabling advanced predictive planning, today announced the appointment of Rich Fitchen as Chief Executive Officer and the transition of Rich Wagner, Founder and prior CEO, to President and Chief Product Officer. The move allows Fitchen, an enterprise software veteran, to drive accelerated growth and scalability for the company amidst the growing market demand as an increasing number of business leaders are seeking economic insights to plan for 2024 and beyond while allowing Wagner to focus on expanding Prevedere's solutions by embracing emerging technologies such as generative AI.
"Today's economic volatility has fueled demand for Prevedere's technology, which enables business leaders to understand how external factors impact their business, create forward-looking predictive models to quantify both opportunities and risks, and monitor these factors as they evolve," said Fitchen. "This new role will allow me to help even more executives realize the competitive advantages of predictive planning and, in turn, accelerate Prevedere's growth."
Before joining Prevedere, Fitchen served in senior executive roles at Model N, which he helped through a successful IPO in 2013. He also held executive leadership roles at Aceva Technologies, which was acquired by Sunguard, and Extricity, which was acquired by Peregrine.
"The combination of Rich Fitchen's expertise in scaling high-growth software companies and Rich Wagner's entrepreneurship in creating a solution that fills a critical gap in enterprise forecasting puts Prevedere in position to address a rapidly growing market," said Promod Haque, Managing Partner at Prevedere investor Norwest Venture Partners and Prevedere board member. "Prevedere's power to fuel intelligent forecasting is poised to create a new era of business planning."
With increased demand for its predictive planning software amidst today's uncertain economic climate, Prevedere's customer base and revenue have grown more than 50% in the first half of 2023. With these growing customer needs, Prevedere plans to expand its solutions to give executives even more predictive planning power.
"When I started Prevedere, it was to solve a void in forecasting processes - the lack of external data being factored into company planning," said Wagner. "Today, that void is compounded by a fast-changing economy and increasingly complex data. I'm excited for the opportunity to focus on addressing these challenges with emerging technologies like generative AI to propel Prevedere into its next phase of growth."
Both Fitchen and Wagner will serve on Prevedere's board of directors, along with current board members Promod Haque, Chairman Dan Fishback, Krish Panu of PointGuard Ventures and Ken Coleman of Saama Technologies.
For more information about Prevedere, visit prevedere.com.
About Prevedere
Prevedere is the world's leading provider of global data and technology for Advanced Predictive Planning.
The Prevedere Advanced Predictive Planning platform is a patented market-leading technology for identifying relevant external factors and creating forward looking econometric models. With millions of model-ready data sets from thousands of external sources, the Prevedere Global Intelligence Cloud augments internal data to drive Advanced Predictive Planning.
Prevedere is trusted by world-leading companies to generate strategic intelligence with planning and management tools that enable better risk mitigation and greater opportunity development. To learn more, connect with Prevedere or visit prevedere.com.
Media Contact
Deej Savage, Alloy, on behalf of Prevedere, 8553008209, deej.savage@alloycrew.com
SOURCE Prevedere
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