Pilgrim Quality Solutions, a portfolio company of Riverside Partners, said Monday that its board named Richard Lowrey as its CEO and member of the board. Lowrey succeeds Thierry Durand in the role. Lowrey was previously Executive VP of Deltek Inc.
TAMPA, Fla.–(BUSINESS WIRE)–Tampa-based Pilgrim Quality Solutions (“Pilgrim”), a leading global provider of enterprise quality management software and services for the Life Sciences, announced today that its Board of Directors has appointed Richard Lowrey as its Chief Executive Officer and as a member of the Board, effective immediately. Mr. Lowrey succeeds Mr. Thierry Durand in the role.
“We are pleased to welcome Rick to Pilgrim and to have him lead the Company through its next phase of growth and continued success,” said Philip Borden at Riverside Partners and Chairman of Pilgrim Quality Solutions. “Rick’s deep experience as an executive in growing enterprise software companies coupled with his demonstrated operational and leadership skills have made him particularly well-suited for his role. We thank Thierry for his leadership over the past several years and are enthusiastic about Rick building on what has already been accomplished at Pilgrim.”
Mr. Lowrey brings more than 30 years of experience leading organizations and driving growth. Previously Mr. Lowrey was the Executive Vice President at Deltek, Inc., an enterprise software and information solutions provider for professional services firms and government contractors. While at Deltek, he held various roles including Vice President of Strategy and Business Development, Executive Vice President and General Manager of the Enterprise Solutions Group and Executive Vice President for Products & Strategy. Prior to Deltek, Mr. Lowrey held financial positions at Titan Corporation, Digicon Corporation and SRA International. Rick is formerly a Managing Partner with Caserta Solutions and FuseLinecx, both boutique management consulting firms. He received his B.S. in Public Administration from George Mason University.
“I am extremely excited to join the team at Pilgrim,” said Mr. Lowrey. “As I have gotten to know Pilgrim, I’ve been attracted to Pilgrim’s remarkable customers, unparalleled product suite, and dedicated employees. I look forward to working with Pilgrim’s employees, customers and partners in the months and years to come as we capitalize on the strong foundation at Pilgrim to continue to grow the business to meaningful new levels of success.”
“I am incredibly proud of the growth and success of Pilgrim over the past several years. As a continuing investor, I remain confident and optimistic about the future success of the Company under Rick’s leadership,” said Thierry Durand, former Chief Executive Officer of Pilgrim.
About Pilgrim Quality Solutions
Pilgrim Quality Solutions is a leading global provider of enterprise quality management software and services for the Life Sciences and other highly regulated industries. For more than 20 years, our solutions have automated thousands of processes that ensure the quality of life’s most important products. Product quality and patient safety increase while risks decline. Our on premise and cloud technologies reflect quality industry standards and include electronic signatures, audit trails and validation packs – helping customers more easily achieve compliance and pass regulatory audits. With Pilgrim Quality Solutions as your partner, you are prepared to succeed. For more information, visit www.pilgrimquality.com.
About Riverside Partners LLC
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. Today, Riverside Partners manages $1 billion of equity capital and seeks to make investments in companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA. For more information, please visit www.riversidepartners.com.