Wavefront, the real-time data analytics platform that helps organizations scale and improve customer experience with visibility into enterprise-wide data, powerful analytics, and real-time responsiveness, has announced the appointment of Pete Cittadini as the Chief Executive Officer.
Cittadini will be replacing Jeff Cordova who left Wavefront for Sutter Hill Ventures, an American equity fund that focuses on investments in the technology-based startup companies. Cittadini, will take office from Sam Pullara, the Interim CEO and Co-founder, who will return to his role as Managing Director of Sutter Hill Ventures.
“Pete has been the driving force behind Actuate’s success. Now, he will set Wavefront’s strategy to become the first billion-dollar company in the sector. I look forward to Pete’s leadership at the company,” says Pullara.
Cittadini has been in the industry since 30 years as an enterprise software executive, including two decades heading Actuate Corporation, a leading data analytics provider. Interestingly, he is departing from Actuate Corporation post a $11.5 million round of funding led by Sequoia Capital. Before joining Actuate, Cittadini was Senior Vice President of Worldwide Operations at Interleaf, a software firm focused on integrated document management. He previously spent six years as Vice President, Northeast Division, Oracle Corp.
“I am thrilled with the opportunity in front of Wavefront and understand its magnitude. Wavefront is set to grow rapidly to become a leader in the APM market by continuing to innovate and creating multiple value propositions for both clients and consumers. I look forward to working with the Wavefront team to building a world class enterprise software company,” says Cittadini.
Cittadini has had a 20 year stint with Actuate where he was the president and CEO. The firm offered powerful open-source data analytics and visualization software. He joined Actuate when it was a young startup in 1995 and took it public three years later. The firm founded BIRT, an open-source technology platform serving more than 3.5 million developers building customer-facing applications. In January 2015, he oversaw the sale of Actuate to Ontario-based OpenText for $330 million.
“Accelerating our growth and differentiating our offerings is critical to our success. Pete’s deep experience and proven track record will be the catalyst we need to extend our value as the top provider of unified, real-time analytics,” says Pullara.