Solifi on Tuesday announced the appointment of Dan Corazzi as its new CEO, in a move that becomes effective on Monday.

Solifi said current CEO David Hamilton will transition into the role of chairman for the global fintech software partner for secured finance.

Corazzi joins Solifi from JAGGAER, a leading global provider of procurement software, where he held the position of chief revenue officer and was responsible for all customer facing activity.

During his 25-year career in enterprise software, Corazzi has held executive leadership positions with firms such as SAP, where he was general manager of the company’s customer experience business in North America and as chief operating officer for SAP’s Financial Services Industries business.

Corazzi also served for seven years as CEO of ESM Solutions Corp., a cloud-based spend management solutions provider, where he contributed to the firm being named among the Inc. 5000 fastest growing private companies.

“I am honored to have the opportunity to lead such a well-respected and world-class technology solutions provider,” Corazzi said in a news release. “I am excited about partnering with our customers and global team to continue delivering world-class mission-critical solutions that help power the economy and equip businesses for success.”

After serving the company as CEO for more than seven years, Hamilton will step up to become Solifi’s chairman.

The company highlighted Hamilton has led Solifi through tremendous growth. Key to this growth has been the development and launch of the company’s Open Finance Platform along with acquisitions in the automotive finance and working capital space.

Hamilton commented about what might be ahead for the company and his career.

“Dan has championed customer delivery excellence, talent development and innovation throughout his entire career, all of which make him a fantastic fit for our business and to lead Solifi through our next chapter of growth,” Hamilton said. “It is an exciting time for Dan to join the business and I look forward to working closely with him to reach our strategic goals.

“I am excited to take on this new challenge as Chairman and continue to work alongside our extremely talented team of technology and industry professionals,” Hamilton went on to say.