Raken’s founder and CEO Kyle Slager will be stepping down from his role as CEO and joining Raken's board of directors. Ty Kalklosch, formerly CRO of Paylease, has been named the new CEO of Raken. Kalklosch was an early investor in Raken, and he and Slager have known each other for more than a decade.
“It’s been an incredible run and I’m extremely proud of what our team was able to accomplish during my tenure as CEO. That being said, I’m excited about the next chapter with Ty taking over the position. Ty brings a breadth of knowledge from his time at Paylease, leading the company from pre-revenue to over $100M in annual recurring revenue. He’s a perfect culture fit for the company and I’m excited to see where he takes us from here. It feels great knowing that our customers, partners, and team are in really good hands,” said Slager.
Slager will continue to serve on Raken’s board and participate in our company’s strategic planning.
“We would not be here without Kyle’s leadership and vision to create the best mobile field solution in the construction industry,” said Kalklosch. “I am very excited about the future and the next chapter for Raken. I was brought in to continue the incredible momentum that’s been built, and we have a great opportunity in front of us.”
As the construction industry continues to adapt and recover in the wake of COVID-19, this internal move will expedite Raken's growth trajectory, as well as our ability to further support our mission to empower the people who build. We are committed to continuing to enable construction companies to make more data-driven decisions with better collaboration and documentation—and we can’t wait for the exciting progress that lies ahead.