Steve Sprague is a results-oriented executive with a proven track record of leading key growth initiatives in cloud technology, ranging from bootstrapped start-ups to private equity-backed M&A consolidations. As the Chief Product & Strategy Officer at Sovos, Steve drives innovation and integration across Sovos’ global product ecosystem to ensure alignment with emerging trends, technological advancements and the changing regulatory landscape.
In his time at Sovos, he played a pivotal role in expanding the company’s global footprint as the acquired sponsor of more than 15 deals across 11 countries, ensuring successful integration of new technologies that ultimately positioned the company to introduce the industry’s first unified tax compliance platform solution. His vision and leadership led to double-digit revenue and sales growth in its GVAT line of business and the development of the company’s API and OEM strategy underscoring its successful Partner Alliance Network.
Steve’s career highlights include successful financial exits with entrepreneurial start-up companies and quarter-billion-dollar enterprises. Notable achievements include being part of the successful deal team in the sale of Invoiceware International to Sovos Compliance with a remarkable return on investment, elevating Crossgate’s market position to become a Leader on the Gartner Magic Quadrant and attract a successful exit to SAP AG; and contributing to Sovos’ acquisition by Hg Capital and TA Associates.
Throughout his career, Steve has excelled in strategic planning, cross-functional leadership, demand generation, and mergers & acquisitions. His expertise in product management and marketing has been recognized through certifications including Pragmatic Marketing and Sirius Decisions Product Management.
As a mentor and leader, Steve emphasizes the importance of nurturing talent and fostering growth opportunities for individuals at all levels. He advocates for a proactive approach to professional development, fostering an open environment of ideas and perspectives to drive innovation and success.
For more, see Steve’s LinkedIn profile.