Tungsten Automation Corporation, a leading provider of AI-powered document and workflow automation solutions backed by Clearlake Capital Group, L.P. and TA Associates, announced the promotion of Peter Hantman to Chief Executive Officer and his appointment as a Member of the Board of Directors, and the appointment of Robert Watson as Chief Financial Officer, both effective as of July 1, 2025. Mr. Hantman succeeds Reynolds C. Bish, who will continue to serve the Board of Directors of the Company (the “Board”) in his newly appointed role as Executive Chairman of the Board.
Mr. Hantman joined the Company as President and Chief Operating Officer in November 2023 and assumed responsibility for sales, services, product management, strategy and marketing. Since then, he has driven growth while completing the transition to a SaaS recurring revenue model, and will now lead the Company going forward in his role as Chief Executive Officer, managing the executive management team while accelerating growth and innovation.
“I’m honored to become Chief Executive Officer at such an important time in our customer’s transformation to GenAI enabled document and workflow automation,” said Mr. Hantman. “Tungsten Automation has built a strong foundation of customer trust, partner collaboration and dedicated employees at scale, and I look forward to continue accelerating value creation for our customers, partners, employees and shareholders.”
With over 30 years’ experience in technology companies, Mr. Hantman has a proven track record of success in scaling high growth enterprise SaaS companies while affecting business transformation. Prior to joining Tungsten Automation, he served as Chief Operating Officer of e2open, a publicly listed supply chain SaaS company where he led most go-to-market functions and earlier served as Chief Financial Officer over a 13 year span.
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Mr. Bish, outgoing Chief Executive Officer of the Company, will continue to serve the Board as Executive Chairman of the Board. He will assist Hantman and the executive management team as needed, drive Tungsten Automation’s acquisition efforts and coordinate Board activities. Mr. Bish said, “I’m proud of what we’ve accomplished during the last 17 years, and I have total confidence in Pete’s leadership going forward.”
Harry Taylor, Managing Director at TA Associates, said, “Pete has demonstrated strong vision, leadership and execution during his time as President and Chief Operating Officer, and we’re confident he will build on Tungsten Automation’s position as an important technology provider in this rapidly growing market.”
“We’ve been impressed by Peter’s strategic vision and operational excellence,” said Paul Huber, Partner & Managing Director at Clearlake. “Under his leadership, Tungsten Automation will be well positioned to accelerate innovation, expand its global footprint and deliver even greater value to customers and investors alike.”
Robert Watson joins Tungsten Automation from Athenahealth, a software and services company where he most recently served as interim Chief Financial Officer. Prior to that he worked in financial leadership roles at Rackspace Technology and Cinemark, and before that at Hewlett-Packard for over 16 years. Robert has extensive, highly relevant experience in financial leadership on a global scale.
“I’m excited to join Tungsten Automation at this pivotal moment in its growth journey,” said Mr. Watson. “The opportunity to contribute to a high-performing company and help scale operations globally is incredibly energizing.”
Source: Businesswire
