âThe market opportunities for GCI are tremendous, and Dominickâs proven success in the global arena and his enterprise experience will help us move to the next level of growth,â said Hiten Patel, chairman and founder of GCI. âDominick has an intrinsic understanding of our BestShoreâ¢ global engagement model as well as much experience growing companies internally and externally at the right pace. In addition, his expertise in creating collaborative and distributive global delivery organizations is very much in line with the companyâs goals.â
Cavuoto has over twenty-five years of experience in the IT services sector. As the leader of Worldwide Services Operations for Unisys, Cavuoto had responsibility for Unisys 3D Visible Enterprise High Performance Center and Worldwide Delivery Operations. As president of Global Financial Services at Unisys, he led the team that provided enterprise transformation and strategic technology solutions to top-tier financial institutions around the world, helping companies better align business and IT goals. Prior to joining Unisys, Cavuoto was senior vice president and managing director at KPMG Consulting (now Bearing Point).
âGCI has had a truly amazing trajectory of growth, evolving from a startup to a major global player in record time,â said Dominick Cavuoto, chief executive officer of GCI. âTheir blend of entrepreneurial spirit and customer-centric philosophy, as well as a very flexible, global business model, are very much in line with my corporate vision. I look forward to driving and overseeing their next phase of growth.â
GCI received $30 million in funding from Oak Investment Partners in 2006 to help fund future acquisitions and continue to grow its business worldwide. In line with that, last month GCI announced the acquisition of a leading SAP Enterprise Resource Planning (ERP) services firm, IVL India, in an all cash deal. GCI continued its rapid global expansion in 2006 with over $250 million in total sales, resulting in year-over-year increase of over 35%.