Frederick-based RocketDocs named Jason Pappas as its new CEO and is planning to relocate its headquarters to Baltimore.
Pappas, who is a cofounder of Antson Advisors and previously served as acting CEO of the Maryland Proton Treatment Center (MPTC) through a $277 million refinancing, is joined by a management team including the following members:
- Penelope Holt, a marketing expert who previously worked at Baltimore’s Bill Me Later and PayPal/eBay after its acquisition as well as 3M and Procter and Gamble, is joining as chief marketing officer.
- Jeremy Steinberg, a previous MPTC executive who will lead development of RocketDocs’ professional services offering as managing director.
- Steve Grosswald, who is experienced in growing sales working for Xerox, CA Technologies and Oracle as well as startups, is joining as VP of strategic growth.
“The new additions to the management team bring incredible depth and experience to RocketDocs, which has huge potential in solving a complex problem that is sapping brain power, energy, resources and profits within America’s largest corporations,” Jason Tagler, a partner at Baltimore-based Camden Partners, said in a statement. The downtown firm is the majority equity investor in the company.
RocketDocs makes a software as a service platform called ResponseFull that’s designed to help companies accurately respond to data requests related to RFPs, due diligence, sales proposals, compliance and more. The company aims to work with firms in finance, technology, healthcare, professional services and manufacturing — companies that are dealing with “data chaos,” Pappas said.
The company already has a roster of clients, counting banks, asset management, insurance and tech companies. Pappas sees opportunity to grow further, as the company released expanded versions of the software and professional services offerings in the first quarter of the year.
“We think we can evolve the software to provide a bigger solution to our clients,” said Pappas, a two-year board member at RocketDocs who is stepping into the top day-to-day role after previous CEO PJ Bellomo stepped down. After leaving MPTC following the hire of a permanent CEO, Pappas said he wasn’t necessarily looking to get back into an operating role. But the team’s experience and opportunity for the company proved attractive.
Initially founded in Boulder, Colo., as Proposal Software, RocketDocs relocated to Frederick two years ago. The company plans to move its headquarters to Harbor East in Baltimore.
Pappas has worked in Baltimore’s tech community for nearly a decade, and said the company can benefit from the connectivity to other East Coast cities like New York and Philadelphia. The move also puts the company in the same city as Camden Partners. Tech and finance teams will remain in Frederick, and the company also has an office in the United Kingdom, Pappas said.
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