New VP Role for Continuum’s Steve Cardillo Brings Sharper Focus to Key Technology Partnerships and Execution of Acquisition Strategy
BOSTON – Aug. 25, 2015 – Continuum®, the industry's only channel-exclusive provider of fully integrated managed IT services solutions, has promoted Steve Cardillo to Vice President of Corporate Development. Steve joined Continuum in late 2011 after sourcing the investment opportunity for Summit Partners, the Boston-based growth equity firm with more than $16 billion in raised capital. Since joining Continuum, Steve has led the company’s corporate development efforts, establishing relationships with key technology partners such as LogMeIn, Malwarebytes and Webroot®, and driving the company’s acquisition strategy. As part of this, Steve identified and led the company’s acquisition of R1Soft, a leading provider of server backup software for the Web hosting industry, which now serves as the backbone of Continuum’s new backup and disaster recovery platform, Continuity247™.
“Steve has made key contributions to Continuum before day one,” said Michael George, CEO at Continuum. “While at Summit, Steve uncovered this unrealized line of business inside of a publicly held company and discovered it had extraordinarily unique attributes that supported a strong growth opportunity going forward. In addition to leading business development and acquisitions, Steve has brought a transformative, metrics-driven approach to the entire business – a completely new way of thinking that has enabled us to predict performance with an extraordinarily high degree of accuracy – quarters and years ahead. I am grateful to have someone of Steve’s unique set of skills on my team.”
Steve will continue to lead Continuum’s corporate development efforts, encompassing the establishment of relationships with key technology partners and the definition and execution of the company’s acquisition strategy. Steve also continues to head the company’s analytics strategy, including the development of an organization-wide business intelligence platform. Prior to Continuum, Steve spent several years at Summit Partners identifying and executing investments in rapidly growing software businesses and the software-as-a-service industry. Prior to Summit, he worked in investment banking at Citi® in New York City.
“One of the leading private software companies in the Boston area, Continuum is experiencing tremendous growth and is poised for a very bright future,” said Steve Cardillo. “I look forward to continuing to support the success of the organization as we transform the managed services industry.”
Steve is also actively involved with the greater Boston community. Since 2008, he has served on the board of Minds Matter of Boston, a non-profit organization that transforms the lives of accomplished high school students from low-income families by preparing them for college success. He is also a strong supporter of the Pan Mass Challenge, the largest single athletic fundraiser in the United States and a key funding source of the Dana Farber Cancer Institute.