NEW YORK, June 13, 2022 /PRNewswire/ — Clayton, Dubilier & Rice introduced that Monthly bill Berutti, the previous CEO of Plex Methods, a leading computer software supplier to the manufacturing sector, has been engaged as an Functioning Advisor to CD&R-managed resources. Mr. Berutti will do the job with CD&R’s engineering team to enable supply new investments and advise the funds’ engineering corporations. CD&R funds have invested in excess of $5 billion in know-how corporations around the past 10 years, which include investments in Cloudera, Epicor, Sirius, Capco, and Tranzact.
Mr. Berutti provides a lot more than 25 many years of practical experience as a senior government and leader in the enterprise software program industry. At Plex Systems, Mr. Berutti led a successful transformation of the firm, providing a combination of sector-leading development and profitability, culminating in a sale to Rockwell Automation in 2021.
“We are happy to have Invoice as an running advisor to CD&R cash. Monthly bill brings a potent track file of execution main world business software package firms across application and infrastructure application sectors,” said CD&R Companion Stephen Shapiro. “Bill’s deep working experience driving expansion and functions centered value generation as well as his superb reputation and network of sector relationships cultivated around extra than two a long time will be of terrific worth to the CD&R resources as we continue on to construct our technology endeavours,” mentioned CD&R Principal Harsh Agarwal.
“I am thrilled to be performing with a business whose benefit development design is oriented to making firms and rising its technological know-how footprint,” explained Mr. Berutti. “The CD&R funds’ popularity for running excellence, performing collaboratively with corporate and founder led corporations, and deploying a talented team of technology targeted operating and money professionals makes this role an suitable fit for me.”
Beforehand Mr. Berutti served as President of BMC Software program, a leading SaaS and software alternatives company, wherever he led the Cloud and Company Answers segments representing $1.5 billion in yearly income. Prior to that, Mr. Berutti used 17 years at PTC Inc., a publicly traded industrial software package enterprise, in various roles like revenue, main company enhancement, and as a member of the government crew working the assistance lifecycle management business enterprise device.
Mr. Berutti graduated from Miami College with a Bachelor of Science in Organization Administration.
About Clayton, Dubilier & Rice
Clayton, Dubilier & Rice is a non-public investment agency with a approach predicated on building more powerful, much more financially rewarding organizations largely in five marketplace sectors, including Industrials, Healthcare, Purchaser, Technological know-how and Monetary Products and services. Due to the fact inception, CD&R has managed the investment of additional than $40 billion in above 100 companies with an aggregate transaction price of extra than $175 billion. The Business has places of work in New York and London. For additional data, please visit www.cdr-inc.com.
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