Business Issues -> Change
Released: 13th March 2014
UK-headquartered cloud HR software vendor announces strategic executive management moves to drive growth with Adam Hale as new CEO, Nic Scott as President, Fairsail Americas and ex-Sage CEO Paul Walker as new investor
Reading, UK & San Francisco 13 March 2014 – Fairsail today announced the appointment of Adam Hale to the position of CEO, building on Fairsail’s record performance in 2013, when it announced a 200% increase in sales. Previously Executive Chairman, Adam will take on the role operating out of the company’s Reading-based headquarters, assuming overall responsibility for global commercial operations and providing the leadership required to fulfil the growth potential of the business.
Nic Scott, former CEO, is appointed President, Fairsail Americas, to lead the next wave of international expansion with a focus on sales, implementation and support for U.S. based customers such as Roto Rooter and United Allergy Services.
Fairsail’s board believes these changes are indicative of the company’s ambition to become the leading cloud-based HCM provider for disruptive multinationals. Hale’s initial responsibility is to put in place the team and approach for long term success.
Commenting on the changes, European software industry icon Dr. Steve Garnett, who joined the board in 2013 said: “We are helping great companies globally to grow their businesses, solving some of their key issues with adding, managing and developing people. Fairsail continues to innovate with its cloud solutions and by investing in expansion across the world.”
Hale commented, “I am delighted to become CEO. Fairsail has an outstanding team, great customers and a distinctive product. Companies are growing fast but most are operating ageing separate legacy HR and HCM systems, which makes their growth more inefficient and painful than it needs to be. Fairsail has an integrated cloud solution that gives visibility across the whole business, works globally and is efficient and secure. We are proud to be working with successful companies like Betfair, RICS and Iris Software, and we are talking with many more.”
The changes reflect privately-held Fairsail’s continual strong performance and emerging position as a successful competitor to vendors such as Workday and SAP in the 500-5000 employee market. The company announced Q4, 2013 as its best ever quarter and during the year recorded a 200% increase in top line sales, including translation and content software provider SDL, which operates 70 offices across 38 countries.
About to close the latest investment round, new investor Paul Walker, ex-Group CEO at Sage, said: “Fairsail is a great example of a dynamic software business in a fast-growing space. I am excited about its global potential and the opportunity to help build a really significant business.”
Published by: electronicdawn Ltd.