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Dave Westrom

Internet of Things (IoT) and Digital Transformation Business Development Executive, Advisor, and Angel Investor

Professional Background

Dave Westrom is a highly accomplished Senior Operating and Business Development Executive with a remarkable history of enhancing growth and success for technology companies that are pivotal in the realm of digital transformation. With a proven record of effectiveness in executive leadership roles across several start-ups, Dave has played an instrumental role in driving successful exits, underscoring his strategic vision and dynamic leadership style. One of his most significant accomplishments includes his tenure at ThingWorx, a renowned pioneer in the Internet of Things (IoT) sector, where he demonstrated exceptional capabilities in business development and strategic partnerships.

Throughout his career, Dave has shown an unparalleled ability to innovate and re-engineer technology businesses across various industries, particularly with regard to Enterprise, Industrial, and IoT software and solutions companies. His leadership is characterized by inspiring sales, business development, and marketing teams to excel. He has a commendable track record of recruiting, managing, and mentoring talent, ensuring that key personnel thrive while developing large, multi-national corporate accounts.

Education and Achievements

Dave graduated with a Bachelor of Science in Mechanical Engineering from the University of Maryland, equipping him with a strong technical foundation that perfectly complements his business acumen in the technology space. His educational background laid the groundwork for his analytical thinking and problem-solving skills, which continue to serve him well in the fast-evolving tech landscape.

Throughout his illustrious career, Dave has achieved numerous key accomplishments that highlight his influence and effectiveness within the tech industry:

  • Designed and Managed the ThingWorx IoT Partner Ecosystem: Dave was integral in developing the partner ecosystem for ThingWorx, an effort that culminated in the successful acquisition of the company by PTC. His approach involved not only the design of the ecosystem but also active recruitment and management of strategic partners.

  • Global Telco Operator Partner Recruitment at PTC: Leading the recruitment team for Telco Operators, Dave played a significant role in driving revenue growth through the acquisition of multiple new logos in 2015. This initiative significantly bolstered PTC's position in the market.

  • Re-positioned Lighthammer: Under Dave’s leadership, Lighthammer transitioned to being recognized as an industrial application platform supplier. This strategic pivot was critical in attracting key strategic accounts, ultimately leading to Lighthammer’s acquisition by SAP.

  • Interim CEO at Fischer Block: At the behest of investors, he took on the role of interim CEO, successfully re-engineering the company's strategies, positioning, and customer engagement framework, thus leading to multiple new customer acquisitions in a short time frame that paved the way for subsequent funding rounds.

  • Founded Manufacturing Solutions at Invensys: Dave’s foresight in identifying market opportunities allowed him to create and lead the Manufacturing Solutions organization within Invensys (now Schneider Electric), where he achieved an impressive year-over-year growth of over 50% within a two-year span.

  • Strategic Roles Preceding Leadership Positions: As a principal at SSE, Dave played an essential role in securing strategic accounts and partnerships, contributing to the successful acquisition of the company by Wonderware, now part of Aveva.

Achievements

Dave Westrom's portfolio of achievements illustrates his expertise and leadership across different roles in well-respected organizations. His positions have ranged from VP of Business Development at MachineMetrics to Global Account Executive roles at esteemed firms like SAP and Asea Brown Boveri. He has also contributed as an Advisory Partner at Momenta Partners, where he provided valuable insights and strategic guidance.

Dave's diverse experience includes:

  • Senior Vice President at Invensys: Dave's leadership saw the company grow significantly while he focused on strategic account management and customer relations.
  • Sales Engineer at GE: This early role provided him with a robust beginning in technical sales and marketing, which he later expanded upon through his development in complex software solutions.
  • Director of Strategic Accounts at Wonderware: His strategic account management contributed to robust long-term relationships and successful outcomes for the company, further solidifying his reputation in business development.

Throughout his extensive career spanning multiple decades, Dave has mastered various facets of business development and sales management, demonstrating his prowess in developing and leading effective teams. His ability to foster relationships with partners and clients has consistently translated into measurable growth and success for every organization he's been a part of.

With his deep-seated knowledge of technology, particularly in IoT and enterprise solutions, coupled with his strong leadership skills, Dave Westrom continues to be a vital player in driving transformative growth in the technology sector. His journey thus far promises to yield further innovative contributions and progressive impacts on the industry in the years to come.

Related Questions

How did Dave Westrom leverage his education in Mechanical Engineering from the University of Maryland to succeed in the technology sector?
What strategies did Dave Westrom employ to recruit and manage strategic partners at ThingWorx?
In what ways did Dave's role as interim CEO of Fischer Block contribute to its success in securing new customers?
How has Dave Westrom's leadership influenced the growth trajectories of the companies he has worked for, particularly in the IoT space?
What innovative approaches did Dave take to reposition Lighthammer within the market, leading to its acquisition by SAP?
Dave Westrom
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Location

Greater Philadelphia