Newforma Names Peter Cannone as New CEO

MANCHESTER, N.H. (April 29, 2025) — Newforma announced Peter Cannone as its new CEO, effective April 24. With a track record of scaling software-as-a-service (SaaS) and cloud-based businesses into premier market leaders, Cannone brings extensive experience from companies like DemandScience, ThriveHive/New Media. 

“Peter’s appointment signals a bold new direction for Newforma,” said Erik Brooks, Founder and Managing Partner of Ethos Capital. “We’re full-speed ahead on growth, and Peter’s experience scaling cloud companies will help us meet the AECO industry’s challenges head-on — whether it’s labor shortages, rising costs or increasingly complex projects. With him at the helm, we’ll expand our footprint and deepen our impact across the industry.” 

Newforma is already powering over 16 million projects globally, enabling teams to manage massive amounts of project data, reduce rework by up to 40%, and improve construction efficiency by as much as 30%. Cannone will build on this momentum to scale Newforma’s SaaS platform and deliver even greater value. 

Cannone’s leadership will drive Newforma’s mission to empower complete design and construction teams with innovative solutions that transform how they manage data and deliver projects. 

Visit newforma.com.