Mike Silagadze, who in 2009 co-founded Top Hat, will be stepping away from the role on March 15 after serving as CEO for over a decade. His successor will be Joe Rohrlich, who previously served as chief revenue officer for Bazaarvoice, an e-commerce analytics company. Over his 11 years at Bazaarvoice, Rohrlich helped grow the business to hundreds of millions in annual revenue, a sign that “he can take a company of our size and do the same,” says Silagadze. Concurrent with the leadership change, Top Hat also raised $130 million in a Series E round from Georgian, an existing investor that also co-led its $55 million round announced exactly a year ago.

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