Axeda Appoints Desisto as New CEO
Axeda, the cloud-based M2M management company, today announced the appointment of Todd DeSisto as President and CEO. The news comes as Axeda closed a $12 million round of funding led by JMI Equity, a long-term supporter of Axeda, as well as Wipro Ltd. and Mitsui & Co.
DeSisto has held executive roles in finance and operations with private companies including Network Intelligence, New River Inc., Hawaiian Wireless, Atlantic Cellular Company and Aloha Partners. Prior to joining Axeda, DeSisto served as CFO and COO of Axeda.
In a press release, Axeda said the most recent round of funding follows a record quarter of new customer growth. The company said it has added more new customers in the first half of 2013 than in all of 2012.
All told, the Axeda Machine Cloud now manages nearly 1.3 million assets.
Axeda will take on Mitsui USA as a strategic business partner. The companies will work together to expand Axeda's geographical footprint and customer base by identifying and expanding sales and business development in Asia-Pac.