The co-founders of SevOne are leaving the company.
Vess Bakalov announced his departure from a post on the business networking site, LinkedIn. The News Journal also announced that his wife Tanya would also leave the company that recently moved from Delaware to Boston.
Bakalov said he would continue to serve on SevOne’s board of directors and advise management.
Vess, who grew up in Newark, has served as chief technology officer, Tayna has served as chief of staff. The company has had a non-founder CEO for some years. The news was unexpected, with the SevOne website listing the Bakalov’s as top executives.
The couple founded the company, which grew rapidly by providing hardware and software that monitors the performance of information systems of large companies. Their work as Vess saw a need for such systems while working with bank IT systems.
The Bakalovs maintained ties to their alma mater, the University of Delaware and hired many students and alumni.
The company got its start in Newark, but outgrew its space and operated in Pike Creek. After initial plans indicated the company would have its headquarters in the University of Delaware STAR campus, SevOne later shifted gears and moves its general office to Delaware, with the STAR Campus housing other operations.
The company has been in the news of late over layoffs at Newark and other sites. The exact number of layoffs has not been disclosed, but by some accounts included a large portion of the company’s workforce.
SevOne had discontinued at least one business as its focused on its core markets.
