Capital markets technology company Optimal Blue, based in Plano, Texas, has appointed a new CEO.
Former ICE Mortgage Technology President Joe Tyrrell succeeds interim CEO Scott Smith of Optimal Blue’s parent company, Constellation Software, Inc.
Tyrrell brings more than 25 years of experience in the mortgage, finance and technology industries to the role, most recently serving as CEO of customer and employee experience company, Medallia.
He also held various leadership roles at Ellie Mae, including chief operating officer, prior to its acquisition in 2020.
“I have always been attracted to companies that make their clients’ success their top priority, and that is especially true with Optimal Blue, the clear market leader in secondary marketing technology,” Tyrrell said in a statement. “For the past year and a half, I have been delivering innovation and real generative AI capabilities to the largest and most trusted consumer, health care, hospitality, financial services, and technology brands in the world, and I am excited to now bring those capabilities to Optimal Blue’s lenders and partners in an industry that I love.”
Smith will continue to serve Constellation Software, where he is currently president of Andromeda, the portfolio in which Optimal Blue operates. He plans to oversee Tyrrell’s transition to CEO while continuing to support Optimal Blue’s success, company officials said.
“It was a priority to identify the right leader to support our investment in Optimal Blue and the long-term success of the business,” Smith said. “We’ve found that and more with Joe Tyrrell, who is passionate about client relationships and innovation – two tenets that have been core to Optimal Blue’s culture throughout its decades as a market leader. Joe’s extensive experience in this industry affords him a fundamental understanding of the needs and challenges lenders face and ways innovative technology and real-time data can solve them. Along with the other leaders within the Andromeda portfolio of Constellation Software, I look forward to continuing to support the success of Optimal Blue under Joe’s leadership.”
