Motive Brings on Chirag Shah as CFO; Reports Record Business Growth Fueled by Enterprise Demand for AI-Powered Operations [Yahoo! Finance]
Ares Management Corporation Class A (ARES)
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Source: Yahoo! Finance
Chirag's experience scaling high-growth businesses will accelerate Motive's growth as it takes on the $46 billion physical operations market opportunity SAN FRANCISCO, December 04, 2024 BUSINESS WIRE Motive , the AI-powered Integrated Operations Platform, today announced that Chirag Shah has joined the company as Chief Financial Officer (CFO). With nearly two decades of expertise in strategic finance and operational leadership, Chirag will be instrumental in strengthening Motive's financial strategy and operations. Motive announced record growth driven by strong enterprise demand for its AI-powered safety and operations solutions. Annual recurring revenue from the enterprise segment increased by 164% year-over-year with enterprise net revenue retention exceeding 127%. New customers joined from FedEx Freight , CRH Canada, CoolSys, Inframark, Mavis Tires & Brakes, and Lumen. "With the addition of Chirag to the Motive team, Motive will double down on scaling operations to meet the
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