July 10th, 2019
Electric, the world’s first real-time IT support & security solution for small and midsize businesses, announces the appointment of Vic Russo to Chief Financial Officer.
Vic joins Electric with two decades of experience spanning business strategy, optimization, operations, and corporate finance, most recently serving as the CFO at Savills Studley and SVP of Finance at SaaS-based technology company, BuddyMedia. As SVP of Finance at Buddy Media, he helped lead the company through its explosive growth and its sales to Salesforce.com for $745 million. While serving as controller of DoubleClick, he helped guide the company through its change of ownership and eventual sale to Google for $3.1 billion.
"Vic’s long-term experience in scaling a SaaS business combined with his proven track record of optimizing business operations will be a tremendous asset to Electric" says Ryan Denehy, founder and CEO of Electric. "By bringing proven expertise to our leadership team, I'm excited about the opportunity to build upon our rapid emergence as the leading IT solution for small and midsize offices all over the country.”
"Electric’s impressive revenue growth is a testament to its revolutionary approach to helping businesses scale their IT support & security," Russo said. "This is a tremendous time for solutions that tackle efficiency and collaboration in an environment where security and compliance continue to increase in importance.”
Today, Electric boasts over 300 customers with more than 10,000 employee end users through its innovative network-to-device level IT support platform, which includes managing day-to-day requests, systems administration, and employee onboarding & offboarding.