Thentia appoints technology services finance executive, Carol Carr, as new Chief Financial Officer

Former Gainwell Technologies Sector CFO to build out Thentia’s finance organization as part of senior leadership team

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Toronto, March 2, 2022 – Thentia, the GovTech software-as-a-service (SaaS) platform for regulators, is pleased to announce its appointment of Carol Carr as Chief Financial Officer of Thentia, effective March 1, 2022.

After an extensive executive search, Thentia’s senior leadership was able to identify a leader with an impressive track record across leading technology, government, and private equity companies. Carr has a performance history of building high-calibre teams focused on successful business outcomes that bridge finance and IT functions. Her strengths include integrating people, process, vendors, and systems to enhance performance, optimize costs, and streamline operations.

Prior to joining Thentia, Carr held the role of Sector CFO at Gainwell Technologies, a leading provider of technology, services, and solutions within healthcare where she was responsible for financial planning, budgeting, and forecasting. She also held senior leadership positions at DXC Technology, a tier-1 Canadian bank, and at Brookfield where she led its Finance Transformation.

“Having spent years in large, best practice organizations, I’m looking forward to joining a focused and agile team with the capacity to grow quickly,” Carr says. “Thentia is providing a leading-edge solution for an important, but underserved market. The company is proactively employing innovative technologies and processes, and everyone I’ve met is able to make strong decisions quickly. I’m confident that I will be able to steer the financial operations to help propel the company forward.” Carr adds, “I’ve been particularly impressed by the diverse experiences of everyone in the team, which bodes well for decision-making, as decisions will be the result of a diverse set of experience.”

“It was clear to us immediately that with Carol’s track record, she would be an excellent fit,” says Thentia’s CEO, Julian Cardarelli. “Carol intuitively understands the opportunities ahead of us. We are absolutely delighted to welcome her to the team.”

In 2021, Thentia closed a $10 million Series B investment led by New York City-based Spring Mountain Capital with participation from existing investor BDC Capital. The capital injection allowed the team to expand more fully into the U.S. where the GovTech space is lagging in digital transformation. This round in addition to financing from Espresso Capital has enabled the team to grow by 300% since 2020.

About Thentia

With operations in the U.S. and Canada and trusted by hundreds of regulatory agencies in North America and worldwide, Thentia was developed by subject matter experts with a mission to transform GovTech through best-in-class technology and the executive leadership regulators deserve. Its secure, modern and elegant solution, Thentia Cloud, is revolutionizing the way agencies manage data and licensing by bringing the entire process into the 21st century with speed, automation, ease of use, and best-in-class support. For more information, visit 

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