Jack Sweeney, 56, former managing director at Bain Venture Capital, has taken over as chief executive officer (CEO) of SevOne in place of Michael Phelan, who has retired from the CEO position for health reasons but continues as a strategic adviser.

SevOne, which raised $150m funding from Bain Capital in January 2013, is an IT performance management and reporting platform. 

Sweeney, who has served previously at the helm of six companies as CEO, said: “SevOne has an incredible growth rate—75…

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