Directorate Change

RNS Number : 1971A

Maestrano Group PLC

10 September 2018

 

10 September 2018

                                                       Maestrano Group PLC

                                                  ("Maestrano" or the "Company")

Maestrano Appoints Highly Experienced Software as a Service (SaaS) Deputy CEO

Maestrano Group PLC (AIM: MNO), the open cloud business integration platform with cross-app data synchronization is delighted to announce the appointment of Andrew Pearson as Deputy CEO, based in the UK, effective 11th September 2018.

Mr Pearson is a seasoned CEO who successfully scaled global cloud software company (CloudPay) in the US, EMEA and APAC markets, achieving a ten-fold increase in recurring subscriber US$ revenue.  Prior to this he achieved similar results at Intralinks, a US$200m SaaS vendor of information exchange solutions.  He was most recently CEO of AIM listed LIghtwave (LSE AIM: LWRF), doubling revenue and achieving a strategic relationship with Apple Inc.

"Maestrano has tremendous technology and premium customers around the world that provide a great foundation for value creation together with our partners, employees and other stakeholders" said Mr. Pearson, "I am excited about the opportunities ahead and honoured to be appointed to the Company as it enters the next phase of its evolution."

Ian Buddery, Chairman of the Board, said: "Andrew's global execution experience will add significant value to the management team as Maestrano accelerates growth. The board anticipates that Andrew will apply the proven lessons from his experience with organisations such as Cloudpay and Intralinks to our very similar business model."

Stephane Ibos, founding CEO, said: " I am excited that we are appointing such a seasoned executive and SaaS growth expert, to help deliver on the promise of our potential.  I look forward to working closely with Andrew over the coming months, as we work towards our major client delivery."

Enquiries:

Maestrano Group plc Ian Buddery, Chairman Stephane Ibos, CEO	c/o IFC
Grant Thornton (Nominated Adviser) Colin Aaronson / Jamie Barklem	[phone]
Arden Partners (Broker) Ruari McGirr / Ciaran Walsh / Alex Penney	[phone]
IFC Advisory Limited (Financial PR & IR) Graham Herring / Miles Nolan / Zach Cohen [e-mail]     [e-mail]	[phone]

About Maestrano

Maestrano is a software company which develops and deploys a patented Cloud based Platform as a Service that addresses the needs of Small to Medium Businesses (SMBs) and large Enterprises (such as major banks and global accounting firms) to access real time, automated management data efficiently on an integrated Platform. This technology is called Master Data Management (MDM).

Further information on the Group is available at www.maestrano.com

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

 

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