Stephen Devito
About Stephen Devito
Stephen Devito is the Chief Executive Officer of BlueCat, where he has served since September 2020. He has over two decades of experience in senior financial and operational leadership roles across various companies, including significant positions at Marketwired and The Second Cup Ltd.
Current Role at BlueCat
Stephen Devito serves as the Chief Executive Officer of BlueCat, a position he has held since September 2020. Under his leadership, BlueCat has experienced significant growth, achieving a 2.3x increase in Annual Recurring Revenue (ARR) and a 4x increase in EBITDA. He has also executed strategic acquisitions, including Men & Mice and Indeni in 2023. His tenure has been marked by a focus on customer acquisition and operational efficiency.
Previous Experience at BlueCat
Before becoming CEO, Stephen Devito held the role of Chief Financial Officer at BlueCat from 2018 to 2020. During this time, he contributed to the company's financial strategy and operations. He briefly served as Interim Chief Executive Officer for seven months in 2020. His leadership helped guide BlueCat through a period of transition and growth.
Career Background
Stephen Devito has over two decades of experience in senior financial and operational leadership roles. He worked at Marketwired as Executive Vice President and Chief Financial Officer from 2008 to 2016, where he played a key role in the company's sale to Nasdaq. His earlier positions include Chief Financial Officer at The Second Cup Ltd. and Controller at DWL Incorporated, among others.
Education and Qualifications
Stephen Devito studied at the University of Toronto - University of St. Michael's College, where he earned a Bachelor’s Degree in Accounting and Economics from 1993 to 1997. His educational background provides a strong foundation for his extensive career in finance and operations.
Achievements and Contributions
As Chief Executive Officer of BlueCat, Stephen Devito has led the company through significant milestones, including the sale from MDP Private Equity to Audax Private Equity in 2022. He also led The Second Cup through its initial public offering (IPO). His strategic vision has resulted in record years of customer acquisition and financial growth for BlueCat.