Authenticom Group Appoints Stephen Foster to Enhance Revenue Growth

Authenticom Group Welcomes Stephen Foster as Chief Revenue Officer

Authenticom Group of Companies has exciting news that will steer them towards a successful future as they announce the appointment of Stephen Foster as their new Chief Revenue Officer (CRO). This strategic move is part of a broader vision for substantial growth as the company embarks on its 2025 journey.

A Leader with Proven Experience in the Automotive Sector

Stephen Foster is known for his impressive track record in the automotive Software as a Service (SaaS) sector. His experience working with original equipment manufacturers (OEMs), dealerships, and significant industry players positions him perfectly to contribute to Authenticom's ambitious plans. With a history of driving revenue growth, Stephen is expected to enhance the company's performance significantly.

Noteworthy Career Achievements

Foster's career is filled with impressive milestones that highlight his capabilities:

• While at ibex, he established lucrative partnerships with renowned brands, including Honda and Mercedes, which enhanced sales operations across multiple regions.
• His time at Alida saw global revenues surge by an incredible 600%, and he successfully doubled the average deal size.
• At his most recent position with Forsta, Stephen was instrumental in achieving a 1.5x year-over-year revenue increase.

His ability to refine sales strategies and foster enduring relationships will be critical as he steps into the CRO role.

Empowering Authenticom’s Solutions for Success

As the newly appointed CRO, Stephen will spearhead sales for Authenticom's flagship products. These solutions are designed to simplify operations and increase profitability for dealerships and OEMs alike:

• NADA Vault and Dealer Vault: These products serve as essential tools for dealerships, enabling seamless data sharing while prioritizing security and efficiency.
• Record Recharge: A vital data cleansing tool that helps organizations eliminate outdated customer information, ensuring marketing budgets are spent wisely.
• Motive Retail: Custom API solutions that empower OEMs with the tools needed to implement effective and scalable programs.

Stephen’s leadership will undoubtedly strengthen Authenticom's suite of innovative offerings, helping businesses optimize operations and thrive in the competitive market.

Commitment to Innovative Growth

Jason Tryfon, President of Canada International Growth & Operations, remarked, "Stephen knows this industry like the back of his hand. He brings a wealth of experience, forming partnerships with notable automotive brands, making him an invaluable leader during this pivotal time." With Stephen at the helm of the sales team, Authenticom is poised for an innovative year.

Apart from his professional achievements, Stephen is recognized for his approachability and teamwork. His roots in Nova Scotia reflect his strong Canadian background, currently residing in Burlington, Ontario, where he enjoys golf, playing guitar, and summer getaways to his coastal retreat.

Stephen will commence his journey with Authenticom, joining the team in La Crosse shortly, ready to contribute to the company's ambitious goals for the year ahead.

About Authenticom Group of Companies

Authenticom is a leading name in the automotive sector, renowned for its innovative data solutions that enhance dealership and OEM operations. Their core products, including NADA Vault, Dealer Vault, and Record Recharge, provide essential tools that save costs, improve efficiency, and drive measurable results.

Frequently Asked Questions

1. Who is the newly appointed Chief Revenue Officer at Authenticom?

Stephen Foster has been appointed as the Chief Revenue Officer, effective January 2025.

2. What prior experiences does Stephen Foster bring to Authenticom?

Stephen has a rich background in the automotive SaaS industry, having worked successfully in senior roles at ibex, Alida, and Forsta.

3. What products will Stephen Foster oversee as CRO?

Stephen will oversee Authenticom's major products, including NADA Vault, Dealer Vault, and Record Recharge.

4. How does Authenticom plan to grow under Stephen’s leadership?

With Stephen's expertise, Authenticom aims to enhance its innovative solutions and drive substantial revenue growth in the automotive sector.

5. Where is Authenticom Group of Companies based?

Authenticom Group is based in La Crosse, known for providing cutting-edge solutions in the automotive industry.

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