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October 9

PerformLine Acqui-Hires Silverback Social With Chris Dessi Announced As VP of Sales

The acqui-hire accelerates PerformLine’s sales and marketing growth

Morristown, NJ – PerformLine, the leading RegTech company that delivers automated compliance solutions, today announced the acqui-hire of leading social media technology company Silverback Social, with former CEO Chris Dessi joining as VP of Sales. Former Silverback Social CMO John Zanzarella will be joining PerformLine as Director of Sales and Marketing Operations.

The acqui-hire of Silverback and appointments of Dessi and Zanzarella will help PerformLine meet the accelerated demand its sales and marketing functions are facing for their RegTech and compliance SaaS platform. The deal comes at an ideal time for the company, with PerformLine recently announcing a $4 million debt facility from Bridge Bank to build on the milestone of sustained profitability and high growth.

Dessi was CEO of Silverback Social since 2012 and brings 20 years of sales leadership expertise in the software and tech sectors. He’s written three highly regarded books on digital marketing, and is a regular contributor to FOX, CNN, MSNBC, and CNBC. Zanzarella is a natural marketer with a background in events who will assist in the growth of PerformLine’s industry leading RegTech and compliance conference COMPLY. He joined Silverback Social as CMO in 2013 and acted as CEO of the Westchester Digital Summit.

“This acqui-hire is a clear sign of how intelligently PerformLine is growing. When your customers are the largest and most complex financial institutions in the world, you recognize the need to bring in highly skilled A level talent quickly,” said Alex Baydin, CEO of PerformLine. “After closely tracking the success of Dessi and Zanzarella for the past five years, we knew that the most impactful way to further enhance our sales growth and COMPLY event was to integrate their leadership into the PerformLine team.”

“This transaction is a clear win-win for everyone involved,” said Chris Dessi, VP of Sales at PerformLine. “We’re excited to be joining PerformLine at a time when the demand for PerformLine’s compliance monitoring platform is at an all-time high.”

 

ABOUT PERFORMLINE

PerformLine is the leading RegTech company delivering automated compliance solutions for enterprises looking to mitigate regulatory risk and ensure brand safety. Its cloud-based platform empowers compliance functions with the intelligence, insights, and tools needed to mitigate risk across all consumer interactions channels including web, voice, chat, and mobile. PerformLine provides its clients with significant time and costs savings by automating compliance activities across channels and departments. For more information, visit www.PerformLine.com or follow PerformLine on Twitter and LinkedIn.