Newforma Fortifies Leadership to Drive AEC Tech Growth

BOSTON, MA – April 01, 2026 – Newforma, a long-standing leader in project and information management (PIM) software for the AECO industry, has announced a series of high-level internal promotions, signaling a strategic effort to accelerate growth and innovation in an increasingly competitive market. The move elevates proven internal leaders to key executive roles, a deliberate configuration designed to steer the company through its next chapter of expansion.

The promotions span the company's core operational pillars, with Ben Bazso named Chief Technology Officer (CTO), Victoria Salvador as Vice President of Marketing, David Wagner as Vice President of Product Marketing, Stacey Vigna as Vice President of Human Resources, and Dave Porrell as Vice President of Finance.

According to CEO Peter Cannone, the restructuring is about creating synergy between the company's technological ambitions and its customer-centric focus. "These promotions place proven leaders in roles where they can connect the dots between innovation and client outcomes," Cannone stated in the announcement. "That's how we continue to drive growth not just as Newforma, but for the project and information management category as a whole."

A Strategic Realignment Post-Acquisition

While corporate promotions are routine, this comprehensive leadership shuffle at Newforma appears to be a calculated move, coming three years after the company was acquired by private equity firm Ethos Capital in April 2023. Such moves often follow a period of strategic review, positioning the company to capitalize on new market opportunities. For Newforma, a 22-year veteran in the industry it helped pioneer, this realignment aims to fortify its position against a backdrop of rapid technological change.

The company, which has historically been a stalwart in on-premise PIM solutions, has been making concerted efforts to embrace the cloud and integrate more deeply with modern workflows. This includes its 2021 acquisition of BIM One, the developer of the popular BIM Track issue-tracking platform, and the subsequent launch of Newforma Konekt. This new leadership team is now tasked with executing that hybrid vision at scale, blending Newforma's deep PIM expertise with the collaborative, cloud-native demands of today's architecture, engineering, and construction projects.

The Architects of Newforma's Future

The promotions draw heavily from Newforma's own ranks, suggesting a strategy that values institutional knowledge while aiming for aggressive innovation.

The appointment of Ben Bazso as Chief Technology Officer is arguably the most telling signal of the company's direction. Having joined Newforma as VP of Engineering in 2022, Bazso's elevation to CTO comes with a clear mandate to "propel a bold AI vision." In an industry where AI is rapidly moving from buzzword to essential tool for generative design, predictive analytics, and workflow automation, placing an AI-focused leader at the technology helm is a critical strategic play. His background includes leadership roles at tech giants like Nuance Communications and IBM, bringing enterprise-level experience to Newforma's specialized domain.

On the commercial front, the promotions of Victoria Salvador to VP of Marketing and David Wagner to VP of Product Marketing create a powerful go-to-market tandem. Wagner, a true company veteran who has been with Newforma since 2004, brings unparalleled product and market knowledge to his role overseeing positioning and commercialization. His deep understanding of the core AEC user is an invaluable asset. He is complemented by Salvador, who, since joining in 2021, has focused on modernizing the company's brand and demand generation strategies, bringing experience from other high-growth tech firms like SmartBear and Rapid7.

Supporting this growth engine are Dave Porrell as VP of Finance and Stacey Vigna as VP of Human Resources. Both are internal promotions, reinforcing the theme of stability and deep company knowledge. Porrell, who has been with Newforma since 2017, will guide the company's financial planning, while Vigna will oversee the global HR organization, ensuring the company has the talent and culture to support its ambitious goals.

Navigating a Crowded and Cloud-First Landscape

Newforma's strategic adjustments are occurring within a fiercely competitive AEC software market. The landscape is dominated by comprehensive, cloud-based platforms like Procore, Autodesk Construction Cloud, and Oracle Aconex, which offer end-to-end solutions connecting every phase of a project's lifecycle. These platforms have set a high bar for integration, collaboration, and data accessibility.

For years, Newforma's strength has been its unparalleled ability to manage the deluge of project information—emails, submittals, RFIs, and documents—creating a comprehensive project record. However, the industry's decisive shift to the cloud and the rise of Building Information Modeling (BIM) as a central workflow have created new challenges and opportunities. AEC firms now demand seamless integration between their PIM systems and their BIM and design tools, all accessible from anywhere.

Newforma’s response has been a hybrid strategy, exemplified by products like Newforma Konekt, which aims to bridge the gap between on-premise data and cloud-based BIM collaboration. The challenge for the new leadership team will be to accelerate this integration, proving that their solutions can offer the best of both worlds: the robust, detailed information management they are known for, combined with the flexibility and real-time collaboration of modern cloud platforms. The focus on AI under CTO Ben Bazso suggests a future direction where Newforma could leverage its vast repository of project data to offer unique predictive insights and automated workflows, a potential differentiator in the crowded market.

The success of this newly configured leadership team will be measured by its ability to not only innovate its product offerings but also to effectively communicate that evolution to a market that is constantly being courted by larger, all-in-one platform providers. Their task is to ensure that Newforma, the company that defined project information management, continues to shape its future in the era of AI and the cloud.