Evans succeeds MX founder Ryan Caldwell who is transitioning from his role as Chief Executive to a new role as Executive Chairperson in order to spend more time with family while focusing on other personal matters. As mentioned in the update, Caldwell will continue to advise the executive team at MX, as well as the board of directors on go-to-market, product development, and business growth plans.
Ryan Caldwell, Founder and Executive Chair, MX, stated:
“As President, Shane has worked extensively with the board and executive team to increase revenue, scale the business, and position MX as the leading financial data platform for organizations everywhere. I am confident that Shane is the right person to lead MX through this next phase of growth and category leadership.”
“I look forward to working closely with Shane as we continue to build the business, help organizations connect to and harness the power of financial data to grow their business, and transform the way people engage with their money.”
Shane Evans had been promoted to President of MX last year after joining the firm back in 2019 as the MX’s first Chief Revenue Officer. Since joining MX, Evans has helped establish the firm as a key player, scale the sales department and go-to-market teams, and also helped double revenue.
Before MX, he spent several years working at Qualtrics. He served an important role in the growth and expansion of an international sales team that led to in the firm’s $8 billion acquisition by SAP as well as laying the foundation for its $27 billion IPO two years later.
Shane Evans, Interim CEO and President, MX, remarked:
“I am grateful for the opportunity to help lead MX through our next phase of growth, as we accelerate the business and help organizations unlock the power of financial data. The MX Founders—Ryan Caldwell and Brandon Dewitt—have built an incredible culture and team despite unprecedented health challenges for themselves and their families. We are grateful for Ryan Caldwell’s continued strategic leadership moving forward as Executive Chair and stand committed to honoring their vision and legacy as we continue to build MX.”
As Executive Chair, Caldwell will remain an important member of the MX team and the board of directors focused on offering counsel and helping to support ongoing business growth and profitability.
During the past decade, Ryan Caldwell has led MX as Founder and CEO along with his Co-founder and CTO Brandon Dewitt, who passed away in November of last year. He has helped with expanding the business to over 700 workers, more than 2,000 clients, and in January 2021, completed one of the biggest investment rounds in Utah’s history.
Jon Winkelried, CEO of TPG and member of MX’s board of directors, said:
“Under the strategic leadership of Founder and CEO Ryan Caldwell, MX established itself as a preeminent financial data platform, and leader in modern connectivity, and is well positioned for significant growth in 2022 and beyond.”
“We look forward to continuing to work closely with Ryan Caldwell as Executive Chair and with Shane Evans in his expanded role as President and Interim Chief Executive Officer. Shane has demonstrated an unwavering commitment to the organization, its mission, people, and customers, and we are confident that he brings the right combination of experience and passion to lead MX at this important point along its growth journey.”