Socure has brought on a new Chief People Officer (CPO) to help drive its continued growth. Incoming CPO Scott Slipy will be asked to develop and implement strategies to attract new talent, and to retain that talent as Socure’s identity verification business expands.
Slipy joins Socure following a stint at Symphony, where he served as the Chief People and Human Resources Officer. Symphony is a fintech start-up that has reached unicorn status with its collaboration and workflow platform. Slipy, meanwhile, held prior executive roles with Microsoft, Cisco, and the UnitedHealth Group before signing on with Symphony.
The news comes in the midst of record revenue growth for Socure. The company’s annual recurring revenue was up 126 percent year-over-year in its most recent quarterly report, while its net retention rate is up to 177 percent. Socure credited its extremely low, “near-zero” attrition rates for those strong results.
“I’m inspired by the mission and business momentum that the entire Socure team have created,” said Slipy. “Together, we will continue to rapidly scale this organization that is leading the identity verification and fraud mitigation marketplace.”
“Scott is a highly accomplished leader with a deep commitment to developing a high-performance culture where everyone on our team can reach their highest potential,” added Socure founder and CEO Johnny Ayers. “I look forward to working with Scott to build a world-class working environment that attracts, engages, develops, and retains the most talented people in the industry.”
Following a $100 million Series D funding round in March, and after receiving an additional investment from Capital One, Socure is valued at $1.3 billion. Slipy is one of several new faces in the executive suite, with Gary Sevounts and Eric Woodard joining the company in May and Mike Cook joining in August. Sevouts is Socure’s new Chief Marketing Officer, while Cook is the VP of Commercialization and Woodard is the new Senior Advisor to the CEO.
September 27, 2021 – by Eric Weiss