Darren Wesemann

Darren Wesemann Email and Phone Number

Chief Executive Officer @ Paxel AI, Inc
Bountiful, UT, US
Darren Wesemann's Location
Bountiful, Utah, United States, United States
Darren Wesemann's Contact Details
About Darren Wesemann

I am an accomplished Product and Technology Executive with a proven track record of creating substantial value for both startups and established companies. With executive leadership and hands-on experience in product management, technology, and value creation, I specialize in transforming and growing companies to reach their full potential.As the Chief Technology Officer (CTO) and Chief Product Officer (CPO) at CXP, I have played a pivotal role in driving the success of the business. I led the SaaS product and technology operations, delivering a unique Medicare enrollment offering, and ultimately facilitated the successful sale of the company, achieving an exceptional 224% IRR and a 26x multiple. I initially joined CXP when it was a strugling startup and transformed the technology and product organizations, launching the company's SaaS offering and revolutionizing the healthcare market. My unique ability to innovate, lead, and execute effectively in challenging situations has been a cornerstone of my career.Throughout my journey, I have consistently demonstrated my capacity to innovate within large companies and led technological developments that revolutionized entire industries. At SunGard, as the Global CTO and President, I played an integral role in creating SunGard's SaaS cloud portfolio and doubling its revenues from $1.4bn to $3.0bn through over 60 acquisitions. Additionally, I transformed a failing business unit (Higher Education technology) into a market leader, generating a 14x multiple on the sale and launching Ellucian, a brand that remains the leading provider of technology to Higher Education globally.I have been fortunate to lead CXP, IDS, SunGard, and Berkadia through times of great economic uncertainty. I pride myself on my ability to provide clarity and vision within challenging situations, especially when it comes to guiding a company through periods of significant change. This has allowed me to prepare and appoint strong leaders, thereby leading companies to sustained success long after my departure.If you are looking for someone who can bring that unique blend of executive leadership, technology innovation, and industry disruption to your company, let's connect. My passion for creating value and driving change, combined with my deep experience across both startups and established companies, positions me as a unique and powerful asset for any business.#OpenToWork #Leadership #Technology #ProductManagement #BusinessTransformation

Darren Wesemann's Current Company Details
Paxel AI, Inc

Paxel Ai, Inc

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Chief Executive Officer
Bountiful, UT, US
Darren Wesemann Work Experience Details
  • Paxel Ai, Inc
    Chief Executive Officer
    Paxel Ai, Inc
    Bountiful, Ut, Us
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  • Kuali, Inc.
    Member Board Of Directors
    Kuali, Inc. Jan 2013 - Present
    Lehi, Ut, Us
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  • Connexion Point (Cxp)
    Svp Cto And Chief Product Officer
    Connexion Point (Cxp) Sep 2013 - Present
    Sandy, Utah, Us
    The role as CTO and Chief Product Officer at CXP allowed me to play a pivotal role in the successful creation and sale of the company, through strategic leadership and innovative technology development.• Successful Company Sale: Led the company sale process, resulting in an exceptional 224% IRR and 26x multiple by selling CXP to Integrity Marketing.• SaaS Product and Technology Operations: Directed the SaaS product and technology operations, resulting in a unique Medicare enrollment offering that was instrumental in CXP's success.• Startup Transformation: Engineered the transformation of CXP from a failing startup to a highly competitive and successful provider in the healthcare market.• Innovative Cloud Stack Creation: Architected and developed XE (Extensible Ecosystem), a cutting-edge cloud stack, pioneering the use of modern cloud technology in the healthcare industry. This breakthrough innovation provided CXP with a critical competitive advantage.
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  • Berkadia
    Evp And Chief Innovation Officer
    Berkadia Oct 2015 - Dec 2021
    New York, Ny, Us
    I served as the EVP and Chief Innovation Officer at Berkadia, a leading commercial real estate management and investment company. I was responsible for transforming the company and its operations, significantly increasing the debt servicing and production volume, and forming key partnerships for continued success.• Strategic Transformation: Transformed Berkadia into a leading broker in commercial real estate, servicing $320 billion in debt from $250 billion.• Production Volume Growth: Grew annual production volume from $10 billion to over $40 billion, demonstrating high-impact business growth and strategic direction.• Partnership Formation: Played a key role in forming a successful joint venture with Warren Buffett's Leucadia, showcasing strong relationship development and strategic partnership skills.
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  • International Decision Systems
    Member Board Of Directors And Ctpo
    International Decision Systems Nov 2014 - Oct 2019
    Minneapolis, Mn, Us
    During my tenure at IDS, I served as a CTO and Head of Product, overseeing the successful transformation of a legacy product into a leading cloud SaaS solution. As part of the executive team, I played a key role in facilitating the company's acquisition by Thoma Bravo and executed an impactful rebranding initiative that positioned IDS as a prominent player in the asset finance industry.• Strategic Transformation: Led the strategic shift from a failing legacy product to a highly successful cloud-based SaaS solution, contributing to a significant increase in market share and overall revenue growth.• Acquisition and Integration: Successfully navigated the acquisition of IDS by Thoma Bravo, a leading private equity investment firm, effectively positioning the company for continued growth and success within the asset finance sector.• Executive Leadership: As a member of the board of directors and C-suite executive, provided critical guidance and oversight to the company's operations, ensuring that all strategic initiatives aligned with long-term organizational goals.• Rebranding and Positioning: Spearheaded the rebranding of IDS to "Solofi," a pivotal initiative that strengthened the company's market presence, enhanced brand recognition, and supported its expansion into new industry segments.• Financial Performance: Played an instrumental role in realizing exceptional financial returns, contributing to a 727% IRR and a 27x multiple through the successful sale of IDS to a prominent investment partner.• Product Innovation: Drove the development and launch of innovative software solutions, consistently staying ahead of market trends and technological advancements to deliver exceptional value to customers.
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  • Leucadia National Corporation
    Operating Advisor
    Leucadia National Corporation Jun 2003 - Oct 2015
    Us
    As Operating Advisor I assisted in acquisition modeling, due diligence and operating strategies of the Leucadia portfolio companies.
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  • Ellucian
    Senior Vice President And Cto
    Ellucian Jan 2012 - Sep 2013
    Reston, Va, Us
    As the CTO at Ellucian, a newly spun-out company from SunGard, I was instrumental in leading the company's technology practice, inventing key technological properties, and growing revenues through successful product launches and business acquisitions. (See SunGard Higher Education)
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  • Sungard Higher Education
    Cto And Chief Product Officer
    Sungard Higher Education Oct 2009 - Jan 2012
    As a technology leader at SunGard Higher Ed, I was instrumental in transforming the company's technology practice, inventing key technological properties, and growing revenues through successful product launches and business acquisitions. My strategic guidance was pivotal in turning around the failing business unit and positioning it for a successful sale, ultimately leading to the creation of a new market leader in Higher Education technology.• Merger and Acquisition Strategy: Guided the successful integration and operation of over 60 businesses into SunGard, demonstrating an exceptional ability to manage the complexities of major acquisitions and consolidate processes for efficiency and profitability. Drove revenue growth from $1.4 billion to $3 billion.• Transformational Leadership: As CTO and Chief Product Officer, orchestrated a complete turnaround of the SunGard Higher Education business unit, elevating both its technology portfolio and commercial performance. Achieved remarkable results within 18 months, including raising NPS from -37 to +24, delivering 7 new products, and reversing deal-loss ratios from 80% to 20% in favor of wins.• Successful Business Divestiture: Spearheaded the strategic transformation of SunGard's Higher Education technology business and orchestrated its sale to Helman and Friedman. Achieved an impressive 14x multiple on the divestiture, reflecting the exceptional value created through the unit's revitalization and product innovations.• Market Transition and Continuity: Played a crucial role in the sale of the Higher Education Division by launching a new brand, Ellucian, and ensuring a seamless transition of operations to the new owners. The sustained success of Ellucian as a market leader reflects the effectiveness and long-term impact of this transition.
  • Sungard Financial Systems
    President, Infinity
    Sungard Financial Systems Oct 2007 - Oct 2009
    Wayne, Pa, Us
    As a technology leader at SunGard, I created the company's cloud strategy, branded SunGard Infinity, and lead the unit from inception to profitable returns and growing revenues through successful product launches and business acquisitions. I pioneered the successful SaaS models delivering cloud-based financial services solutions to the global banking industry in over 62 countries.• President of SunGard Infinity: Ensured the successful commercialization and management of SunGard's growing cloud offerings, allowing the company to establish a strong foothold in the segment and elevate its position in the industry.
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  • Sungard Financial Systems
    Global Cto, Financial Systems
    Sungard Financial Systems Jun 2003 - Oct 2007
    Wayne, Pa, Us
    As a technology leader at SunGard, I was instrumental in transforming the company's technology practice, inventing key technological properties, and growing revenues through successful product launches and business acquisitions.• Global CTO: Established global common technology practice and invented the common services architecture, allowing SunGard to streamline and standardize its technology offerings across business units.• Product Development: Revolutionized SunGard's portfolio with new products and services, including the launch of SunGard's SaaS cloud portfolio, "Infinity". This initiative grew SunGard's enterprise portfolio and played a significant role in expanding its client base and enhancing customer satisfaction.• Merger and Acquisition Strategy: Guided the successful integration and operation of over 60 businesses into SunGard, demonstrating an exceptional ability to manage the complexities of major acquisitions and consolidate processes for efficiency and profitability. Drove revenue growth from $1.4 billion to $3 billion.
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  • American Investment Bank
    Cio
    American Investment Bank Apr 2002 - Jun 2003
    As the Chief Information Officer at the American Investment Bank, I oversaw the transformation of a failing IT operation and provided key support during the bank’s acquisition by Wells Fargo.• IT Operation Transformation: Spearheaded the overhaul of IT infrastructure and processes, leading to improved efficiency, reliability, and security of critical systems.• Acquisition Support: Played a vital role in facilitating the acquisition process by Wells Fargo, ensuring a seamless transition and integration of IT and data systems.• Compliance and Security: Implemented enhanced security measures and governance protocols to ensure regulatory compliance and protect sensitive financial data.• Change Management: Introduced change management processes to minimize disruption and maximize user adoption of new technologies and IT services.
  • Spontaneous Technologies, Inc.
    Cto
    Spontaneous Technologies, Inc. Mar 2001 - Apr 2002
    As a co-founder and the CTO of Spontaneous Technology, I invented and patented the company's SSL VPN technology and played a key role in the successful acquisition of the company by Microsoft. Our groundbreaking technology laid the foundation for the future development of secure remote access solutions, significantly impacting the cybersecurity landscape.• Innovation and Technology Development: Spearheaded the invention and patenting of SSL VPN technology, positioning Spontaneous Technology as a pioneer in secure remote access solutions.• Acquisition by Microsoft: Played a critical role in the successful sale of Spontaneous Technology to Microsoft, recognizing the value and potential of our innovative technology.• Strategic Leadership: Guided the company's technological vision and development efforts, ensuring alignment with industry needs and future market demands.• Industry Impact and Recognition: Contributed to defining the future of cybersecurity by introducing a revolutionary approach to secure remote access, leaving a lasting impression on the industry.
  • Talk2.Com
    Cto
    Talk2.Com Oct 1998 - Mar 2001
    As the co-founder and CTO of Talk.com, I had the amazing opportunity to take a vision and technology just beginning to emerge and transform it into something that would be used around the globe - creating the first iteration of Voice Assistant technology.• Technology Invention: Co-founded startup and invented voice browser technology, which served as the technological foundation for future smart virtual assistants like Google Assistant, Alexa, and Siri.• Venture Funding: Successfully facilitated raising $42 million in venture funding to support research, technology development, and market expansion.• Market Expansion: Established a strong technological foundation that enabled the company to enter and effectively compete in the rapidly emerging voice assistant technology market.• Pioneering Innovation: Pioneered the development of voice browser technology, laying the groundwork for the evolution of virtual assistants and the integration of voice technology into various applications and devices.• Strategic Partnerships: Forged strategic partnerships and collaboration with industry leaders to accelerate technological advancements and maintain a competitive edge in the voice assistant market.
  • Blitz Technologies, Inc
    President
    Blitz Technologies, Inc Oct 1996 - Oct 1998
  • Ivm Systems
    Senior Vice President, Technology
    Ivm Systems Aug 1995 - Oct 1996
  • Eduserv Technologies, Inc.
    Senior Director, Information Technology
    Eduserv Technologies, Inc. Jul 1993 - Aug 1995

Darren Wesemann Skills

Saas Cloud Computing Agile Methodologies Management Software Development Product Management Business Analysis Agile Project Management Business Development Integration Business Intelligence Software Project Management Soa It Strategy Information Technology Technology Management Sdlc Professional Services Web Applications Financial Services Web Services Requirements Analysis Software As A Service .net Mobile Technology Mobile Devices Solution Architecture Scrum It Management Xml P&l Responsibility Educational Technology Higher Education Mobile Applications System Architecture Software Design Software Engineering Architectures Service Oriented Architecture .net Framework Strategic Planning Java Mobile Globalization Web Development Technology Security Network Technology Global Operations Financial Services Technology Financial Systems

Darren Wesemann Education Details

  • University Of California, Berkeley, Haas School Of Business
    University Of California, Berkeley, Haas School Of Business
    Management And Operations
  • University Of Utah
    University Of Utah
    Computer Science

Frequently Asked Questions about Darren Wesemann

What company does Darren Wesemann work for?

Darren Wesemann works for Paxel Ai, Inc

What is Darren Wesemann's role at the current company?

Darren Wesemann's current role is Chief Executive Officer.

What is Darren Wesemann's email address?

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What is Darren Wesemann's direct phone number?

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What schools did Darren Wesemann attend?

Darren Wesemann attended University Of California, Berkeley, Haas School Of Business, University Of Utah.

What skills is Darren Wesemann known for?

Darren Wesemann has skills like Saas, Cloud Computing, Agile Methodologies, Management, Software Development, Product Management, Business Analysis, Agile Project Management, Business Development, Integration, Business Intelligence, Software Project Management.

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