S&P 500 slips as Fed meeting kicks off
DALLAS - Thryv Holdings, Inc. (NASDAQ:THRY), a $565 million market cap company currently trading at $12.87, announced Tuesday the appointment of Sean Wechter as Chief Technology Officer, a move aimed at advancing the company’s transformation into a software-as-a-service (SaaS) provider.
Wechter joins Thryv from Boomi, where he served as Chief Information Officer. His career spans over 20 years at technology, software and media organizations including PwC, Dell, Comcast, NBC and Qlik.
In his new role, Wechter will focus on infrastructure, tech stack, artificial intelligence, security and product engineering as the company works toward reaching $1 billion in revenue. Thryv, currently generating $758 million in annual revenue with an impressive 66% gross profit margin, provides marketing and sales software for small businesses. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value metrics.
"Sean has deep expertise in scaling platforms, building customer-first products, and aligning cross-functional teams," said Grant Freeman, President of Thryv, in a press release statement. "His technical vision and leadership will be critical to Thryv as we complete the company’s SaaS transformation."
Wechter stated he was "honored to join Thryv at such a pivotal time" and looked forward to helping "unlock new possibilities for our clients and drive meaningful, sustainable growth through technology."
Thryv’s software platform offers small and medium-sized businesses tools to manage day-to-day operations, attract new customers, and support business growth. The company reports that more than 100,000 businesses globally use its software to connect with customers and manage their operations. InvestingPro data reveals that analysts are optimistic about the company’s prospects, with multiple upward earnings revisions for the upcoming period. Discover more insights about Thryv and other growth stocks in the comprehensive Pro Research Reports, available exclusively to InvestingPro subscribers.
In other recent news, Thryv Holdings reported impressive financial results for the second quarter of 2025, exceeding both earnings and revenue forecasts. The company achieved an earnings per share (EPS) of $0.31, which surpassed the projected $0.264, resulting in a 17.42% positive surprise. Revenue also exceeded expectations, reaching $210.47 million compared to the anticipated $203.86 million, marking a 3.24% surprise. These results highlight Thryv Holdings’ strong performance in the quarter. Additionally, the company’s stock experienced significant movement following the announcement of these results. There are no recent updates on mergers or acquisitions involving Thryv Holdings. Analysts have not reported any upgrades or downgrades for the company at this time. Investors and stakeholders will likely be watching for any further developments.
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