NextGen Global Executive Search has been retained to commence an executive search for a CTO by our client, an IoT Asset Tracking Solutions organization. This role will be responsible for defining their product while empowering the team of Engineers through team alignment, balancing gaps in resource allocation, & solving critical problems via team collaboration. The Company vision of the CTO is to have a leader who is able to create synergy & cohesiveness amongst the team.
Opportunity at a Glance
Our client is an early stage full cloud IOT platform that processes over 1 billion IoT events per month and operates 250 servers. They provide cutting edge asset tracking solutions across various verticals.
They are seeking a CTO with leadership capabilities and a strong understanding of IoT technology specific to Asset Tracking Solutions. The scale of their business is much greater than one might expect based on recurring revenues alone as installed in 100k+ hotel rooms, as well as construction, healthcare, manufacturing, and warehousing.
Their biggest differentiator is solution affordability, which opens up enormous untapped market demand. They achieve this differentiation through the simultaneous achievement of greater asset location accuracy at lower costs, which are achieved from patented advances in power and data efficiency of edge devices.” They make it easy for customers to purchase by providing an end-to-end solution.
Primary Objectives of the Role
Develop and implement technical aspects of the company’s short-term and long-term product strategy and roadmaps to ensure alignment with its business goals (revenue growth; product sustainability, scalability, security). Maintain industry-leading uptime on critical technology infrastructure through great architectural decisions, successful monitoring and testing processes, and system redundancy. Build quality assurance and data protection processes and systems.
Oversee product research to ensure product deliverables meet market needs and exceed customer expectations.
Communicate technology strategy to internal and external stakeholders. Develop and implement personnel strategy for all product teams. Collaborate closely with Executive team to lead the assessment, prioritization and techno-economic feasibility of potential opportunities. Implement merger of acquired technologies to expand product capabilities. Ensure data privacy and system security compliance.
We need someone who understands software (cloud, cloud architecture, managing offshore and onshore resources). The CTO will be expected to make a senior hire to manage this on a day-to-day basis. May decide to split the software side of the house into two or even three senior roles that report to her/him.
There are three main buckets of work on the software side…keep the trains running (DevOps)…keep the infrastructure up-to-date (system maintenance…constantly upgrading all the various underlying technologies on the software platform side so that nothing becomes obsolete)…and application development (new features / functions). They might even have a separate UI team (more creative, design oriented). We need someone who understands software (cloud, cloud architecture, managing offshore and onshore resources).
The CTO will need to be able to continue to scale the engineering organization…Our client is on track to be a large company and the engineering team will grow to over 100 people in the coming years.
Target Candidate Profile
Candidate is currently a seasoned VP who has led BOTH software and hardware teams. Has experience with onshore and offshore management. A risk taker who believe they can make it happen and embrace opportunities to shape change. Has been a change agent with at least two turnarounds. Has a proven track record in BOTH developing and implementing technical aspects of the company’s short-term and long-term product strategy and roadmaps to ensure alignment with its business goals (revenue growth; product sustainability, scalability, security).
Has experience with BLE, IoT asset tracking, and RTLS. Has previously been or is now in a role that includes aspects of business development and/or product management that can showcase the ability to communicate technology strategy to internal and external stakeholders and ensure data privacy and system security compliance for all operations across all geographies.
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