Clearlake Capital and Siris-Backed Constant Contact Names Software Industry Veterans Frank Vella and Michael Pellegrino as CEO and CFO
Summary
The appointments come after a $400 million growth equity investment by Clearlake and Siris funding Constant Contact’s spin-out from Endurance International Group Holdings, Inc. announced in February. “Constant Contact pioneered digital marketing solutions for SMBs and has invested heavily to develop dynamic tools to support data-driven business decisions. With the carve-out, Constant Contact is at an exciting inflection point, and I will be working closely with the team to honor its legacy and further accelerate innovation and organic and inorganic growth.” Marketing Technology News: Yotta Extends Infrastructure And Cloud-Hosted Workload Protection Via Partnership With Virsec Mr. Vella is joined by Mr. Pellegrino, who has a proven track-record of strategic financial leadership. Prior to Constant Contact, Mr. Pellegrino served as the COO of SumTotal Systems, LLC, and CFO of Skillsoft, where he led finance teams for more than 14 years. “I am thrilled to partner with the Company’s talented team to help drive our reinvestment in growth and acquisition strategy, as Constant Contact continues to scale as a broader platform and bring new solutions to its customer base.”