Intellinetics, Inc. named Alison Forsythe President and Chief Executive Officer, effective February 17, 2026, after the retirement of James DeSocio. Forsythe brings more than two decades of experience leading SaaS and enterprise‑software companies, having driven growth at Humanyze, EverCommerce, and Exact Software.
The appointment follows a period of mixed financial performance for Intellinetics. In the third quarter of 2025, total revenue fell 12.8% year‑over‑year to $17.2 million, while SaaS revenue grew 14.6% to $9.8 million. The company’s gross margin percentage rose to 38.5% from 36.2% in the prior year, driven by a favorable mix shift toward higher‑margin SaaS contracts, even as operating expenses increased due to investments in infrastructure and sales and marketing.
Management highlighted the strategic intent behind the leadership change. Chairman Mike Taglich said the board was “thrilled to welcome Alison” and that she would “take Intellinetics to a much higher level of innovation, execution, and scalable growth.” Forsythe added that her focus would be on advancing product innovation, strengthening customer and partner value, and operating with rigor as the company scales its SaaS platform for K‑12 and enterprise markets.
Intellinetics is actively transitioning to a predominantly SaaS model, aiming to make recurring revenue the majority of its total revenue. The company’s recent financials show that SaaS revenue already accounts for roughly 57% of total revenue, up from 48% a year earlier, and the company expects SaaS revenue to exceed 2025 levels in fiscal 2026. However, the company remains unprofitable, reporting a net loss of $1.2 million in Q3 2025, and it has been reducing debt, including a $1 million secured term loan line of credit with JPMorgan Chase that expires December 31, 2026.
Market reaction to the announcement was muted. In pre‑market trading on February 17, Intellinetics’ shares were down 2.75% at $7.79, reflecting investor caution amid the company’s recent revenue decline and ongoing unprofitability. The leadership change was viewed as a positive step, but the underlying financial challenges tempered enthusiasm.
The appointment signals Intellinetics’ intent to accelerate its SaaS transition and expand its partner ecosystem. With Forsythe’s track record in scaling SaaS businesses, the company aims to strengthen its product portfolio, deepen customer relationships, and drive higher recurring revenue, positioning it for long‑term growth in the competitive digital‑transformation space.
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