New Mendix CEO Tim Srock Sets Strategic Direction for Next Phase of Hypergrowth
BOSTON, May 19, 2022 /PRNewswire/ -- Mendix, a Siemens business and global leader in modern enterprise application development, recently promoted CFO Tim Srock to be the company's new CEO. Srock, who replaces co-founder Derek Roos, takes the reins at a time during which Mendix has enjoyed impressive growth in customers, partners, and geographic reach, while increasing annual recurring revenue (ARR) by more than 300% since Siemens acquired Mendix in August 2018.
- In his new role, Srock will lead the company in its next phase of hypergrowth to place Mendix and its market-leading low-code application development platform at the heart of the enterprise software stack.
- Tim is focused on ensuring Mendix delivers the agility, the solutions, the emerging technology, and the employee- and customer-centricity that enterprises need to succeed."
- Additionally, the Mendix ecosystem includes the Mendix Academy , App Factory , Digital Execution Practice , and an engaged community of 50 million licensed users.
- His charter as CEO is to maintain the company's hypergrowth while positioning Mendix at the center of the enterprise software development stack.