Earlier today, IQNavigator, one of the top VMS platform providers (and also an MSP), announced that procurement and staffing industry outsider, Lou Andreozzi, would be taking over the helm. Andreozzi is replacing John Raeder, who founded IQNavigator ten years ago. John was known as someone in the market who was both a tenacious sales leader and innovator — an ideal prescription for a fast growth entrepreneurial company coming out of the starting gate. Andreozzi, in contrast, appears on paper to be someone with the experience and credentials to ultimately take IQNavigator through a potential future IPO while in the meantime, putting in place the processes and systems to get the company to the final test before granting GTCR a windfall generating liquidity event: $100+ million in revenue.
By Jason Busch on November 12, 2009
Obsessed with how companies manage, spend and save money, Jason writes about procurement, trade and supply chain issues @ Spend Matters. He has significant first hand experience developing and marketing technology and services products, has advised numerous companies on sourcing and related techniques as well as M&A pursuits. In previous lives before tech, he was a management consultant and merchant banking analyst.