Issue 117 - 29th June - 27th July
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expressHR appoints new CEO through management buy-in26/01/2007 09:47:00The management buy-in is supported by VC firm South East Growth Fund and injects £500,000 of fresh capital into the business, with the additional funding being used to further strengthen the Woodcote proposition. This capital supports the growth and development of expressHR’s market-leading Vendor Management System and Online Timesheet solutions, currently used by companies such as Manpower, Pertemps and Eden Brown. The funding will also be used to launch new products designed to expand Voyager’s recruitment agency software portfolio. Nick specializes in building technology businesses and is an entrepreneur with over 25 years experience in the sector. He has held senior management positions for over 17 years and was most recently founder and CEO of pioneering internet security company Prevx, taking the company from start-up to sale in just four years. Prior to this Nick founded and ran business advisory firm Clarity International, which worked with high-growth technology vendors and service providers across the US and Europe and was sold in 2000. Working with Nick as non-executive Chairman is Sven Skarendahl. Sven is currently chairman of LBI, Europe’s leading digital media agency with over 1,400 employees, which is quoted on the Stockholm and Amsterdam exchanges. He also holds a number of non-executive board posts, including quoted firm Nordnet AB and Libertas Capital PLC. Nick Ray said, “I am excited by the potential of both expressHR and Voyager as they have superb underlying technology, impressive clients and partners and a strong operational management team.” Ian Wolter, Chairman and CEO of expressHR partner Eden Brown, said “We welcome these developments, which further strengthen expressHR and will serve to reinforce our partnership.” Carmen Watson, Managing Director of Pertemps said, “This is clearly great news for employees and customers of expressHR. These moves will enable expressHR to continue to grow and have confidence for the future in marketing class-leading technology”. expressHR’s solutions are the underlying technology used by major recruitment agencies, enabling vendor management services contracts with major corporate organizations such as HP and numerous local government organisations. Voyager Software is an established provider of solutions to recruitment agencies worldwide, and a company with an excellent reputation for the usability of its products and for its customer service. onrec.com news can only be reproduced with the permission of onrec.com or if onrec.com is attributed as the source.
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