Yves Padrines, who led Synamedia from the Permira-backed buyout from Cisco’s Service Provider Video Software Solutions business, is leaving the company after two years at the helm.
In a statement, Padrines said he was leaving to “pursue opportunities” and that he was proud to “have been the first CEO and to have worked with such a talented and driven team to establish this wonderful company”.
Synamedia have announced the new CEO will be Paul Segre, who spent 18 years at customer experience software firm Genesys, latterly as CEO and then Chairman. He led the $1.6 billion spin out of Genesys from Alcatel-Lucent (now Nokia) in 2012, also backed by the Permira Funds.
“It is thanks to Yves’ drive, leadership and passion over the last two years that Synamedia is the market-leading business it is today,” said Synamedia Chairman Abe Peled. “We thank Yves and wish him continued success as he pursues new opportunities. Paul’s appointment signals our readiness and enthusiasm for the next chapter in our journey. His leadership track record, breadth of business experience, andability to scale software businesses will be invaluable as we move forward with innovative solutions and services designed for the IP era.”
Segre was also President of Alcatel-Lucent’s Applications Group and sat on the Alcatel-Lucent Management Committee.