GFT Appoints Chief Strategy Officer in the U.S. to Deliver on Companies’ Growing AI and Data Ambitions
Tom Cozzolino Will Support Further Innovation and Development of GFT’s Digital Solutions As The Company Scales Growth Across Americas
NEW YORK, February 15, 2024--(BUSINESS WIRE)--Global digital transformation company GFT today announced the appointment of Tom Cozzolino as its new Chief Strategy Officer (CSO) in the U.S. The C-suite expansion comes as a result of GFT’s growing business with U.S. clients, which saw a 15% year-over-year increase in its most recent financial results. As CSO, Cozzolino will support GFT’s continued local market expansion with a focus on deepening its AI and data-based offerings.
With an increasing number of AI and data tools available to them, companies are making investments in these areas a top priority in their digital transformation strategies. By 2027, software and IT services including AI, cloud and security will grow to make up 69% of all global technology spending. The next step for organizations across every industry is implementing these new technology solutions in a way that aligns with their individual business needs.
New U.S. CSO to Focus On Shaping Enterprises’ AI, Data and Larger Digital Strategies
Cozzolino will work alongside GFT’s U.S. executives to shape the digital strategies of banks, financial institutions, insurers and manufacturers. He will specifically focus on working with GFT’s Customer Innovation Solutions team to guide the modernization of companies’ legacy operations into digital, cloud-based architectures. As part of this, he will also drive further delivery and expansion of the GFT AI.DA Marketplace, the company’s catalog of ready-to-implement AI and data solutions.
"AI and data advancements are creating never-before-seen opportunities for companies, including everything from increased business efficiencies to improved decision making, hyper-personalized experiences and product innovation. But in many cases, the journey to capitalizing on these opportunities is met with some initial complexities and confusion," said Cozzolino. "GFT has been demystifying this process for companies for decades now as it transforms their digital ambitions into tangible business outcomes. I look forward to furthering this work as CSO."
Cozzolino brings over 25 years of technology and digital transformation experience to GFT, including more than a decade in management and technology consulting. In his most recent role as Senior Director at Salesforce, he oversaw go-to-market strategy for the company’s Salesforce Platform and Data Cloud products. He also introduced the company’s first thought leadership program for its modern architecture offerings.
U.S. C-suite Expansion Reflects GFT’s Sustained Local Market Growth
"GFT’s sustained growth in the U.S. and larger North and South American markets over the past year is evidence that companies aren’t slowing down in their digital transformation journeys—but they don’t want to go through them alone," said Scott Hofmann, Chief Revenue Officer, GFT. "Our focus continues to be on deepening our offerings and expertise alongside our clients’ rising technology ambitions. Tom’s appointment as CSO reinforces this mission."
GFT Remains Hyperfocused on AI Proficiencies
GFT’s AI expertise continues to contribute disproportionately to its global growth. In 2022 alone, the company generated 30% growth of its AI revenues, totaling €50M. GFT additionally announced its acquisition of Sophos Solutions from Advent International in January 2024, further expanding its AI and cloud proficiencies.
This press release is also available for download via the GFT newsroom
About GFT – Shaping the future of digital business
GFT is a digital transformation pioneer. By leveraging next-generation technologies, we enable clients to boost their productivity with intelligent software solutions. We focus on Digital Finance, Enterprise AI & Data Solutions, and Platform Modernisation.
GFT's strengths include deep technological excellence, a strong ecosystem of partners, and industry expertise. We are agile@scale and boost digital transformation for clients from the finance and insurance sectors, as well as the manufacturing industry. GFT talents create, implement, and manage software applications to enable innovative businesses while complying with regulations.
With locations in more than 15 markets around the globe, GFT ensures proximity to its clients. We draw on over 35 years of experience and a global team of over 10,000 determined talents. GFT provides them with career opportunities in the most innovative areas of software engineering. The GFT Technologies SE share is listed in the SDAX index of the German Stock Exchange (ticker: GFT-XE).
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Contacts
Katherine Lee
Head of Marketing GFT USA
GFT Technologies SE
T 1 516 402 2014
marketing.us@gft.com
