Ipswitch Names Michael Grossi as the New Chief Executive Officer

Ipswitch, the producer of award-winning and easy to use secure file transfer and network management software, announced Michael Grossi as the company's new CEO. Grossi was previously Ipswitch's Chief Growth Officer. He joined the company in 2016. Ipswitch's Chief Financial Officer, Kevin Bisson, had been serving as interim CEO since October. Grossi has more than 25 years of experience in technology sectors, including mobile, telecom, security and IT with expertise in driving emerging and transformative growth strategies for leading global companies.

"We are pleased to have Michael Grossi as our CEO," said Roger Greene, Ipswitch's Chairman. "Since joining the company, Michael has been a collaborative and impactful leader. His experience leading strategy, sales and other departments in a number of companies puts him in a strong position to lead Ipswitch. He will work tirelessly to ensure our success."

Grossi is an analytically minded senior executive with an extensive track record of defining actionable organic, M&A and transformative growth strategies for high technology companies. Prior to Ipswitch, Grossi was Executive Vice President and Chief Revenue Officer at Xura, as well as Senior Vice President of Strategy and Corporate Development at American Tower Corporation. He was also a founder and senior executive at Helio, a leading mobile virtual network operator (MVNO) acquired by Sprint and a Partner at Altman Vilandrie & Co., where he worked on corporate strategy initiatives for Samsung, Disney, AT&T and ESPN.

Grossi was Captain in the United States Air Force where he oversaw a number of different technology defense programs in the Intelligence Command. He has a bachelor's degree from Villanova University and a master's degree from Bentley University.

"The complexity of the enterprise IT environment and the growing need for additional security in today's landscape are driving opportunities worldwide in managed file transfer and network monitoring for Ipswitch," said Michael Grossi. "I am pleased to leverage my experience to lead the company during this exciting time."

According to Research and Markets, the global secure file transfer market is expected to hit $1.6 billion by 2023, growing at an impressive CAGR of 5.21 percent during the forecast period 2017-2023. According to MarketsandMarkets, the total network management market is expected to grow to $11 billion in 2019 at a CAGR of 9.5 percent during the forecast period 2014-2019.