BigTime Software Appoints New CFO
What happened
BigTime Software, a provider of AI-powered professional services automation software, has appointed Jerry Cosmas as its new Chief Financial Officer. In his new role, Cosmas will be responsible for overseeing the company's finance operations. The appointment is intended to signal a new phase of growth for the company.
Why it matters
- The new CFO, Jerry Cosmas, has a background in financial leadership at other high-growth companies, including Shift, UPshow, and DNSFilter. - He is a Certified Public Accountant and a graduate of the Kelley School of Business at Indiana University, where he earned both undergraduate and graduate degrees in accounting. - The previous CFO, Peter Dedes, was responsible for all finance and accounting functions, HR, business and corporate development, revenue operations, and legal. Before his time at BigTime, Dedes was the CFO at Hireology, where he helped grow the company from $4 million to $30 million in annual recurring revenue. - This leadership change follows a period of significant growth for BigTime Software, which received a $100 million strategic growth investment from Vista Equity Partners in 2022. - The company has also been active in acquisitions, purchasing Projector PSA in 2022 to become a leading platform for professional services organizations, as well as acquiring WorkRails, Primetric, and Projector PSA. - BigTime Software has raised a total of $117M over 5 funding rounds. - The company serves over 3,000 professional firms, and its software is used to track over $8 billion in billable time annually. - In the past year, BigTime has increased its investment in AI technology, introducing new tools for time management, invoicing, and resourcing.
Key numbers
- Before his time at BigTime, Dedes was the CFO at Hireology, where he helped grow the company from $4 million to $30 million in annual recurring revenue.
- This leadership change follows a period of significant growth for BigTime Software, which received a $100 million strategic growth investment from Vista Equity Partners in 2022.
- The company has also been active in acquisitions, purchasing Projector PSA in 2022 to become a leading platform for professional services organizations, as well as acquiring WorkRails, Primetric, and Projector PSA.
- BigTime Software has raised a total of $117M over 5 funding rounds.
What happens next
- In his new role, Cosmas will be responsible for overseeing the company's finance operations.
Quick answers
What happened in BigTime Software Appoints New CFO?
BigTime Software, a provider of AI-powered professional services automation software, has appointed Jerry Cosmas as its new Chief Financial Officer. In his new role, Cosmas will be responsible for overseeing the company's finance operations. The appointment is intended to signal a new phase of growth for the company.
Why does BigTime Software Appoints New CFO matter?
The new CFO, Jerry Cosmas, has a background in financial leadership at other high-growth companies, including Shift, UPshow, and DNSFilter. He is a Certified Public Accountant and a graduate of the Kelley School of Business at Indiana University, where he earned both undergraduate and graduate degrees in accounting. The previous CFO, Peter Dedes, was responsible for all finance and accounting functions, HR, business and corporate development, revenue operations, and legal. Before his time at BigTime, Dedes was the CFO at Hireology, where he helped grow the company from $4 million to $30 million in annual recurring revenue. This leadership change follows a period of significant growth for BigTime Software, which received a $100 million strategic growth investment from Vista Equity Partners in 2022. The company has also been active in acquisitions, purchasing Projector PSA in 2022 to become a leading platform for professional services organizations, as well as acquiring WorkRails, Primetric, and Projector PSA. BigTime Software has raised a total of $117M over 5 funding rounds. The company serves over 3,000 professional firms, and its software is used to track over $8 billion in billable time annually. In the past year, BigTime has increased its investment in AI technology, introducing new tools for time management, invoicing, and resourcing.
