Sugar Land, TX (August 15, 2022) – Sigga Technologies (Sigga), a provider of Enterprise Asset Management (EAM) software solutions, is pleased to announce the promotion of Stephen Timms from Chief Revenue Officer to Chief Executive Officer. The change follows Founder and CEO Warley Borges’s decision to transition from day-to-day operations of the business to Chairman of the Board of Directors.
“We are at a natural transition point with an innovative new product already launched and implemented,” Warley noted. “Stephen is a seasoned enterprise software executive and a passionate leader who will continue the customer-centric legacy that we have created with Sigga.”
Sigga was founded twenty years ago to address critical needs for EAM within the SAP ecosystem. Having led the business since inception, Warley will step away from day-to-day operations, but will continue to play a role in driving the strategic direction of the business and ensuring best-in-class execution for Sigga’s longstanding customer relationships.
Stephen Timms joined Sigga in the role of Chief Revenue Officer in January of this year. With more than twenty years in software sales, including a decade working in field services software, Stephen joined Sigga to help scale the business during a period of significant geographic and product expansion. “I am humbled and proud to represent Sigga as CEO and intend to build upon the great strengths of the people, software, experience, and values that have enabled Sigga’s impressive growth to date,” Stephen expressed.
As Sigga continues to offer new and innovative software solutions, including its ground-breaking No-Code Empower platform, Stephen will focus on continued expansion of Sigga’s international footprint and customer success initiatives. “We’re excited to have Stephen lead the next phase of Sigga’s growth. Across large, asset-intensive customers, there is an increasing need for flexibility and configurability across core EAM processes, and Sigga is well positioned to meet these needs. We’re confident Stephen is the right leader to help Sigga’s customers maximize the value of the tools the business provides,” said Aron Grossman, Board Member at Sigga and Managing Director at Gemspring Capital.
About Sigga Technologies
Sigga is an SAP certified global software company that provides scalable, out-of-the box EAM solutions across industry sectors. Our EAM solutions enable our clients’ digital transformation initiatives to improve processes. For two decades, we have been helping SAP customers across the globe in 14 different industries to achieve better results in their plant maintenance workflows by increasing profitability, productivity, maximizing efficiency, and reducing costs. For more information about Sigga visit www.sigga.com.
About Gemspring Capital
Gemspring Capital, a Westport, Connecticut-based private equity firm with $1.5 billion of capital under management, provides flexible capital solutions to lower middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth and value creation. Target companies have up to $500 million in revenue and are in the aerospace & defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors. For more information, visit www.gemspring.com.