- Thimot becomes the company’s Executive Chairman as it experiences 300% revenue growth year-over-year and connects over one million licensed devices
ROVA, the proprietary software company that enables remote work, announced that Tom Thimot has joined as Executive Chairman. The company, which provides carriers with a turnkey enterprise mobility management solution, has hired Thimot to scale the company as businesses and academic institutions continue to depend on technologies that enable remote working and learning.
Through its proprietary software for smartphones, mobile hotspots and laptops, ROVA, which stands for “Remote Orchestration Virtual Administrator,” enables secure, manageable and dependable network connectivity for a remote workforce. In his new role, Thimot, a former ROVA advisor and board member, will be charged with developing ROVA’s long-term growth strategy and expansion plans.
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“I admire the entrepreneurial mentality of ROVA’s founders and their ability to forge long-term relationships with partners, including a 12-year relationship with one of the largest global carriers,” said Tom Thimot, Executive Chairman of ROVA. “We’ve seen that remote work is now table stakes, and I believe ROVA offers the software essential to sustain this marketplace shift and ultimately become the dominant SaaS platform for carriers to enable the remote worker and the remote consumer.”
The pandemic caused a catalytic change that forced remote interactions for all businesses and academic institutions, many of which were not prepared to work remotely. In response, ROVA has seen an increased demand for its turnkey enterprise mobility management software, especially among small and medium businesses, as well as academic institutions. Since March, it has multiplied its customer base by almost 6.5x from 3,250 to over 21,000 enterprise customers. During the same timeframe, ROVA increased licensed devices from 380,000 to over one million. Acquiring an average of 300 new enterprise customers and 5,000 new devices per day, the company recently broke its daily record when it added 70,000 devices in one day. Through its work with academic institutions, its technology now enables a half a million children to learn remotely across the country, many in low-income areas.
“We take pride in our history of helping organizations of all sizes manage through dramatic, often devastating, change. We first launched our beta enterprise software after Sept. 11th when thousands of workers were displaced and companies recognized a need for mobile device management. We’re experiencing a similar transformation today that is impacting all aspects of our lives,” said Joe Bronowich, founder and CEO of ROVA. “Our mission has always been to help companies improve the mobility of their business safely and efficiently. We are proud to support so many small and medium sized businesses, as well as numerous schools in underserved communities throughout this pandemic.”
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Thimot continued, “Our proprietary software delivered via a SaaS distribution model positions ROVA to offer carriers both large margins and a 20X ROI that combines wireless pull through, add on gross profit, and significantly reduced churn. This creates a compelling value proposition positioning ROVA to become the global standard for carriers to enable remote work and learning.”
Thimot has successfully led five different fundraising exercises for several high-growth technology companies, totaling more than $100 million in private equity and venture capital markets with each fundraise more than doubling the previous valuation. Most recently, Thimot was the CEO of venture capital-backed Socure where he increased new enterprise customers five-fold and raised $65 million of new capital. He has also held the CEO position for a NASDAQ listed entity and a private equity-backed data and analytics consultancy that was sold to Accenture plc.
ROVA has been fully self-funded and profitable since its inception. Its bootstrap market leadership coupled with the societal shifts of 2020 have led to ROVA experiencing significant revenue growth, exceeding 300% year-over-year with virtually all of the growth attributable to new, recurring subscriptions.
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