Mitek Aims for Big Scale-Up with New CEO

Mitek Aims for Big Scale-Up with New CEOSan Diego-based Mitek Systems has a new CEO. The company has announced that Max Carnecchia has taken the helm, and also been appointed to the company’s Board of Directors.

Carnecchia comes to the position after a 10-month stint as CEO of Illuminate Education, which he joined at the outset of an intensive growth period for the educational software startup. Before that, he served as the CEO of Accelrys, the provider of software for scientific research, from 2009 to 2014, when it was acquired by Dassault Systèmes and became BIOVIA, which Carnecchia led until September of last year.

In a statement announcing Carnecchia’s appointment, Mitek asserted that in his time with Accelrys, Carnecchia helped to drive significant growth in revenues, which rose from $75 million to $185 million. The company also emphasized EBITDA growth seen at Illuminate Education during Carnecchia’s time there, and the “numerous acquisitions and initiatives to significantly grow revenue while improving operating margins, profitability and cash flow” during Carnecchia’s his years as CEO of content management solutions provider Interwoven from 2006 to 2009.

In other words, the company is looking to Carnecchia to help drive significant growth on the back of multiple important business deals for the company this year, including integrations of its selfie authentication technology and its acquisition of document reading specialist A2iA.

Commenting on the appointment, Mitek Board Chairman Bruce Hansen asserted that Carnecchia “is joining Mitek at a pivotal time,” adding, “His proven record of driving growth and operational excellence will propel Mitek to the next level.”