Matrix42 Appoints New CEO and CFO to lead Next Growth Chapter
02/02/2023, Frankfurt, Germany - Matrix42, a leading provider of Enterprise Service Management (ESM) SaaS solutions, is pleased to announce the appointment of Thomas Fetten as the new CEO and Marc Breitfeld as the new CFO.
Thomas Fetten brings a history of success growing technology and services businesses such as IBM, Orange and most recently DeutscheTelekom, as well as private equity backed companies such as Getronics and SecureLink. Fetten’s experience in building high-growth teams, and creating customer value through his deep understanding of markets and technology, will be instrumental in achieving Matrix42’s vision. Fetten most recently served as CEO of Deutsche Telekom Security GmbH.
“Tom is a proven leader with a distinguished track record of innovation, execution, and talent development,” said Al Monserrat, Chair of the Matrix42 Advisory Board and Partner, Growth & Value Creation at Corten Capital. “The board is confident that Tom, together with the rest of the leadership team, will accelerate Matrix42’s strategy, build on its product leadership, and take advantage of the significant opportunities in enterprise service management.”
"I am excited to be entrusted with the responsibility that comes from my appointment as CEO of Matrix42, and I am committed to building on the company’s strong foundation.“ said Thomas Fetten, CEO at Matrix42. “My focus will be on delivering innovation, improving efficiency, expanding our reach to new markets while continuing to build on the trusted relationships with our 4,500+ clients to drive business value for them. With Corten’s backing we are also looking to acquisitions to expand and enrich our technology platform and deliver greater value for our customers.”
Marc Breitfeld, Matrix42’s new CFO, brings extensive experience helping companies to build best practice financial processes and systems to enable growth and scaling, while simplifying engagement with customers and partners.
“Marc’s strong finance background and leadership style will help Matrix42 drive its strategic vision and accelerate profitable growth,” Fetten said. “We are excited to have him join a dynamic leadership team focused on generating superior customer and shareowner value.”
Breitfeld joins the company from the ATOS Gruppe where he served as CFO and Managing Director.
Matrix42’s ESM portfolio comprises IT Service Management (ITSM), Software Asset Management (SAM), IT Asset Management (ITAM) and Secure Unified Endpoint Management (SUEM) solutions. These solutions are used by customers worldwide to optimise employee service delivery, improve service quality and reduce service costs, while also contributing to the overall success of their organisations.
About Matrix42:
Matrix42 offers a platform for managing and automating the delivery of virtual, physical, and mobile work environments. This includes capabilities such as asset management, software deployment, and license management. The company's mission is to help organisations optimise their service delivery, improve service quality and reduce service costs. Customers select Matrix42 over competitive offerings because of its’ solutions rapid time to value and breadth of capabilities.
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About Corten Capital:
Corten Capital is a specialist investment firm that partners with entrepreneurial management teams to acquire and build market leading, B2B software, services and information companies across Europe and North America. Corten is backed by an exceptional group of university endowments, charitable foundations and family offices from North America, Europe, and Asia, who share its philosophy of investing for long term value creation through technology-led growth and innovation. Corten Advisors UK LLP is authorised and regulated by the Financial Conduct Authority in the UK.