June 16, 2023
Introducing Jim Bureau as Loftware's new President and CEO
Senior PR & Communications Manager
We recently announced that Loftware’s Board of Directors has named Jim Bureau as President and Chief Executive Officer. With his extensive leadership experience and expertise in driving cloud adoption and recurring revenue growth, Jim is poised to lead Loftware into its next phase of innovation and success.
As traceability and compliance continue to gain paramount importance in the supply chain ecosystem, Loftware's solutions have become mission critical.
“As the industry grows and changes, we knew it would be important that our new CEO help the company continue to innovate and deliver best-in-class solutions that meet the market’s evolving needs,” stated Park Durrett, Managing Director of Accel-KKR, a Loftware investor. “We felt very strongly that Jim, with his impressive track record of setting and exceeding high professional and personal standards, would be the right person to help lead Loftware in the next stage of its journey.”
Thank you, Bob O'Connor!
Before delving further into Jim Bureau's appointment, it is crucial to acknowledge the significant contributions of outgoing President and CEO, Bob O'Connor.
Retiring from the role, Bob will be joining Loftware’s Board of Directors as a senior advisor. Bob, who joined Loftware in 2010, helped establish the company as the global market leader, to oversee the development of next-generation cloud labeling solutions and to expand into the Artwork Management market. He also transformed the industry through Loftware’s combination with NiceLabel and with the acquisitions of Gap Systems and PRISYM ID.
“As we welcome Jim to Loftware, we also want to express our appreciation for outgoing CEO, Bob O’Connor. Bob has played a key role in Loftware’s success throughout the last decade, having led the company through substantial growth, including international expansion into Europe and the Asia-Pacific region,” stated David Belluck, General Partner for Riverside Partners, Loftware’s equal investment partner. “We are very pleased that he will be staying on as a trusted advisor and will continue to be part of the company’s future.”
Jim Bureau's accomplishments and vision
Most recently Jim served as CEO at JAGGAER where he played a pivotal role in the company's growth. Under his leadership, recurring revenue increased 55% as he transitioned the company to a SaaS model. He also transformed the go-to-market messaging and helped the company shift from spend management to Autonomous Commerce, resulting in a remarkable 45% improvement in partner-sourced revenue.
Additionally, Jim served as the Senior Vice President of North America at Verint Systems/KANA Software. Prior to that, he served as Vice President of Sales for Pegasystems and held leadership roles at Shared Health, Oracle, and 3M.
“Loftware is in a class of its own in the Enterprise Labeling and Artwork Management space. Over the past years the company has solidified its position as a cloud-based global leader with deep expertise across a broad range of sectors including regulated industries,” stated Jim Bureau, Loftware’s new President and CEO. “I am truly excited about my role in leading the talented team of professionals at Loftware. Stepping in it’s clear that we are well positioned for growth. We will continue to expand the market and provide best-of-breed solutions and services for our customers and partners as we accelerate our global growth plans.”
Learn more about Jim Bureau’s appointment by reading the full press release here.
- Company News