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Former NYSE Euronext Executive Paul Cassell Launches PC IT Consulting Inc.

Companies mentioned in this article: PC IT Consulting Inc.

NORWALK, Conn., June 17, 2014 /PRNewswire/ -- Paul Cassell, former U.S. chief information officer for NYSE Euronext and its iconic New York Stock Exchange, today announced the launch of PC IT Consulting Inc. The firm allows clients to benefit from Cassell's stature as one of the nation's leading experts in how to transform organizations by balancing cost and innovation, changing corporate culture and leveraging automation.

"Our philosophy is simple, but profound -- the right people plus the right products equals transformation," Cassell said. "My soup-to-nuts approach to IT strategy gives companies the actionable insights they need to make technology an asset, not a liability."

Cassell has held leadership positions at some of the world's most influential firms, from NYSE Euronext to Archipelago and IBM. His 25-year track record of transforming organizations and reputation as a trendsetter CIO have earned him the respect of the technology community, from Wall Street to Silicon Valley.

"Paul understands technology. But what sets him apart is the ability to come into an organization, spot weaknesses -- and fix them," said Steve Rubinow, chief technology officer of Catalina Marketing and former chief information officer of NYSE Euronext. "He sees the big picture, and can talk to both the technology side and the business side."

In his most recent role as U.S. CIO for NYSE Euronext, Cassell oversaw a $300 million budget for an S&P 500 company with more than $3.5 billion in annual revenues and a workforce in excess of 1,500 that spanned three continents and 10 countries. NYSE is the world's largest equities platform, trading more than one-third of cash equity volume.

Larry Leibowitz, former chief operating officer of NYSE Euronext, said that while most people think of NYSE Euronext and the New York Stock Exchange as financial institutions, at heart they are complex technology companies, whose ability to process three billion transactions a day keeps global markets moving.

"Behind the scenes, Paul helped keep this massive apparatus humming and helped transform the way the company operated," Leibowitz added.

PC IT Consulting works with clients to analyze and implement or adjust their ITIL framework to align with the formal control objectives of the COBIT 5 framework. This includes assisting on both the "people" and "products" sides by helping clients:

    --  People: evaluate their talent, identify operational efficiencies,
        enhance near-shoring or off-shoring solutions, implement proper capacity
        planning, drive proper sizing of testing environments, make decisions
        about cloud usage and prepare for audits.
    --  Products: evaluate their products, evaluate their technology, leverage
        automation and implement SaaS models.

"Paul has seen it all, so he has the wisdom to buck fleeting trends and come up with truly creative solutions," said Jeri Smith, president and founder of Chicago-based testing giant Galmont Consulting. "He knows how to make bold decisions, whether sourcing talent or finding ways to leverage automation."

In previous roles, Cassell served as managing director at Archipelago, managing director at Instinet, senior business analyst at Optimark Technologies, program trader/systems analyst for the Floor Broker Network and as an equities trader for IBM Retirement Fund.

Among his career highlights, Cassell helped take Archipelago public, became the lead equity trader for a $30 billion-dollar pension fund by age 30, and created an automation group that reduced costs by $30 million in one year. Cassell is also a demonstrated expert in technology mergers, having been tapped to lead the technology aspects of five high-stakes mergers and acquisitions.

Cassell is a sought-after advisor to key boards such as Warburg Pincus and Aruba Networks. He has been quoted in national industry media outlets and is an in-demand public speaker.

"Paul's forward-thinking technology strategies and leadership techniques are admired across the country," said Dominic Orr, president and CEO of California-based Aruba Networks. "Those talents, combined with his experience in the mobile space, make him a trusted member of our advisory board. I know that his clients will benefit from his experience and wise counsel just as much as we have."

Frank Slootman, president and CEO of California-based ServiceNow, praised Cassell's innovative style.

"Paul's ability to deliver technology solutions in a cutting-edge fashion has made him a national expert on innovation," Slootman said. "He just thinks differently. Paul always has the customer experience in mind as he invents creative ways to implement platforms and tools in eclectic ways."

About PC IT Consulting Inc.

PC IT Consulting Inc. transforms IT organizations by helping clients balance cost and innovation, change corporate culture and leverage automation. Its comprehensive approach to IT strategy gives clients the actionable insights they need to make technology an asset, not a liability.

More information is available at


Esther Campi

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SOURCE PC IT Consulting Inc.