As current CEO Tom Thimot has departed to pursue new endeavors, Johnny Ayers, who also co-founded Socure, will step into the chief executive role. Thimot parted with Socure on amiable terms, remarking that “Johnny is poised to take Socure to the next level by offering the right products and penetrating the right markets so that Socure is truly built to last.”
Board member Dan Rosen, founder and general partner of Commerce Ventures, also commented on the appointment of Ayers as CEO, “Three years ago Socure was in a different place, and Tom’s contributions since have been invaluable. Revenues have grown rapidly, the team has raised $65 million more in funding, and the company has become recognized in the industry as a top place to work. We are grateful to Tom for his leadership and wish him well in the next step in his journey. He hands the CEO reins to a very ready protege in Johnny, who most recently had been leading the company’s product organization while helping to close several transformational commercial opportunities. We’re very optimistic about the path ahead for Socure.”
Having most recently served as Socure’s Chief Product Officer, Ayers led the expansion of the company’s Socure ID+ platform to include Intelligent KYC, DocV, and Sigma Synthetic Fraud, which together provide deep data analysis, reliable document verification, and fraud reduction.
“I am extremely grateful to Tom for his commitment to expanding Socure, building the organization, and serving as a mentor over the past 2+ years,” said Ayers. “His leadership skills and wealth of experience in running technology companies have been extremely instrumental in building the phenomenal work culture and team here at Socure, while laying the groundwork for our next phase of growth. This is a thrilling opportunity for me and I am excited to guide Socure to the next stage in its mission to positively identify every good user in the digital commerce ecosystem while also completely eliminating identity fraud.”