JAGGAER announces new CEO Andy Hovancik

Published: Tuesday, July 4, 2023

Dubai, United Arab Emirates—JAGGAER, a world leader in Autonomous Commerce, announced the appointment of Andy Hovancik as Chief Executive Officer and member of the Board of Directors.

Hovancik is a seasoned executive with proven success leading international, rapid-growth SaaS solutions providers across the financial, manufacturing and services sectors. He will lead JAGGAER into its next phase of growth, advance its vision and leadership position, and equip the company to continue to deliver exceptional customer success.

Hovancik joins JAGGAER after more than 10 years as CEO of Sovos Compliance, a global leader in international tax compliance and business-to-government reporting software that serves thousands of organizations worldwide. During this time, through a comprehensive organic expansion strategy, augmented by the organizational integration of 30 acquisitions, Sovos grew to become a category leader. The company experienced compounded revenue growth of over 25%, over 30% EBITDA year-over-year and a 9x increase in staffing to 2,700 worldwide employees.

“We see limitless potential for JAGGAER’s future. JAGGAER is already a global leader in solving complex supply chain and source-to-pay issues with over 1,750 customers worldwide, including some of the largest global firms,” commented John Burton, Chairman of the Board. “We firmly believe it’s the right time to assert our vision and further deliver our transformative capabilities to our market.”

Over five million global suppliers and $500 billion worth of goods flow through JAGGAER’s Enterprise Commerce Network.