Leadership Strengthens as SaaS Management Opportunity Grows, Accelerates
Zylo, the leading enterprise SaaS management platform, today announced Cynthia Stoddard, Adobe senior vice president and chief information officer, has joined its Board of Directors, and Theresa ONeil has joined as chief marketing officer. The additions come on the heels of a successful year for the startup, which manages more than $21 billion in SaaS spend and nearly 1 billion employee SaaS-based interactions for customers that include Nike, Adobe, Slack, Autodesk, Zendesk and Atlassian.
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According to Zylo data, large organizations maintain an average 600 SaaS applications. Yet, while IT controls 42 percent of SaaS spend, it only manages 25 percent of those applications. The rise of shadow IT – applications not managed by IT – increases organizational risks and costs for the business — both of which may have a significant impact on the bottom line. Gartner projects Cloud Application Services (SaaS) revenue will grow to $121 billion in 2021 (in U.S. dollars)1. We believe this is due to the continued shift from on-premise software and the increasing need for collaboration tools driven by COVID-19. To mitigate risk and retain control of spending, CIOs must gain control of SaaS management.
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As Senior Vice President and Chief Information Officer for Adobe, Stoddard owns the global strategy for delivering services that form the mission-critical backbone of Adobe. Stoddard is an accomplished leader with more than 25 years of experience leading IT strategies and systems for global enterprises including NetApp, Safeway, APL Limited, and Consolidated Freightways, Inc. She will provide valuable insights, contributing her expertise in IT and digital transformation as SaaS application growth accelerates.
ONeil brings more than 25 years of B2B enterprise software marketing expertise, with prior experience at global industry leader IBM and high growth SaaS scale-ups Showpad and PowerReviews. She has led marketing strategies at high-growth startups, and positioned two software companies for successful acquisition. As CMO, ONeil will be responsible for building the Zylo brand and accelerating revenue growth.
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