Socure Announces Two New Executive Hires

Socure has added a couple of new faces to its executive team. Gary Sevounts has signed on as the company’s new Chief Marketing Officer (CMO), while Eric Woodard is joining as the new Senior Advisor to CEO Johnny Ayers.

As CMO, Sevouts will be asked to guide the company’s ongoing expansion, and to establish the Socure brand as one of the top digital identity and fraud prevention providers for organizations that are looking to complete a digital transformation. His career includes prior CMO stints at Kount and Aryaka Networks, where he helped quadruple revenue growth in a three-year period. Equifax acquired Kount for $640 million in the first quarter of 2021. Sevouts has also been listed as one of the Top 35 Marketing Executives in The Wall Street Journal.

“Gary’s reputation for building scalable teams that result in tremendous revenue generation and market share will help us further accelerate our growth and realize our ultimate vision,” said Ayers. “His passion and energy, combined with his industry knowledge and proven track record, make him the perfect fit for our business and culture.”

Woodward, meanwhile, has held dozens of advisory roles with organizations in both the public and private sectors. He previously served as the group president of Early Warning, which enjoyed 300 percent revenue growth in its risk services business during his tenure. Woodward is currently on the board of Independence Holdings, as well as a digital identity advisor for the private equity firm Great Hill Partners, which recently made a $150 million investment in Jumio.

“Socure is becoming the essential solution for large and mid-size banks, FinTechs, gaming operators, and other industries moving money or working on any type of real-time interactions with customers online,” added Woodward. “Part of what attracted me to Socure is their ability to identify customers of all ages, further opening up financial services to many qualified customers who may have otherwise been denied access.”

In February, Socure appointed Rong Cao as its new Senior Vice President of Technology. The company itself recently completed a Baker Tilly audit that found that Socure’s Intelligent Know Your Customer solution fulfills all of the relevant risk management requirements for the financial industry.

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May 27, 2021 – by Eric Weiss