BOSTON--(BUSINESS WIRE)--AutoReturn, a leading SaaS vehicle towing management platform backed by Nexa Equity, announced today its new and expanded executive leadership team, as well as the relocation of its international headquarters to Boston. The executive team’s selection of Boston’s Fort Point neighborhood for their headquarters reflects the city’s favorable business environment, the region’s deep bench of talent, and the team’s close ties to the local business community, which CEO Craig Powell has been a part of for nearly 20 years. The company was previously based in San Francisco.
Powell has been strategically building out the new leadership team for the past year, keeping top of mind AutoReturn’s mission to modernize the antiquated towing industry by establishing a streamlined towing management process for leading cities, states, and private parking facility owners. Joining him are new members to his leadership group, including COO Nina Carazas, co-founder and former CEO of Host Events, and President Ryan Davis, co-founder and former President of Backlotcars.com. Also joining the team are several individuals with whom he has worked previously, including Rick Blaisdell, Chief Technology Officer, and Sharada Iyer, Chief Product Officer. The new leadership plans to nearly double the size of the team over the course of the coming year through hiring in Boston.
“I’m thrilled to lead this high-caliber team as we put down roots in Boston and grow the company quickly over the coming years,” Powell said. “I’ve spent the past year methodically digesting our market, building relationships with our customers, and developing our strategic plan and product pathway. Most importantly, we have attracted a group of highly capable and motivated leaders to bring this business to the forefront of innovation and in doing so improve upon the value we deliver to our partners and customers. AutoReturn is an essential component of the digital infrastructure for smart cities, especially those that are committed to making their roads and streets safer for everyone through goals like Vision Zero. There is no better place to do that work than Boston with a highly capable team focused on building a winning culture, and I am excited by the many advancements that we will continue to share in the future.”
Prior to AutoReturn, Powell led Motus, a Boston-based SaaS workforce management platform, from a small tech-enabled services company into a true SaaS and an Inc 500 company with more than 500 employees. Before Motus, Powell was Founder, President and CEO of ConnectEDU, in Boston, which amassed the world’s largest educational network of student records, educational institutions and employers.
“We are excited to have Craig lead AutoReturn through this next stage of growth,” said Vlad Besprozvany, Founder and Managing Partner at Nexa Equity. “Craig brings significant experience and a demonstrated track record of scaling software businesses that automate and streamline antiquated manual processes, resulting in significantly improved value for their customers.”
AutoReturn’s new international headquarters and leadership announcement will be celebrated with a ribbon-cutting ceremony on the afternoon of April 25 at 280 Summer Street in Boston. More news is expected to follow as the company aligns the brand to its broader vision and platform.
AutoReturn is a Boston based provider of towing and impound management SaaS software and services. AutoReturn helps clear roads quicker, makes communities safer, and adds transparency to the entire towing and parking enforcement process. AutoReturn counts 9 of the largest 20 cities in the U.S including San Antonio, TX, Indianapolis, IN, and large international cities like Rome and Naples as customers. For more information, please visit www.autoreturn.com.
About Nexa Equity
Nexa Equity is a San Francisco, California based private equity firm that partners with founder-led, rapidly scaling SaaS and fintech companies that address markets underserved by technology to create enduring value for the benefit of its investors and portfolio companies. The firm has more than $300 million in private equity capital under management and is focused on continuing to grow its portfolio of companies. The Nexa Equity team brings substantial investing and operational experience to the table and helps management teams professionalize and scale their businesses and drive long-term sustainable growth. For more information, please visit nexaequity.com.