Niall Daly joins the first Welsh business on the London Stock Exchange Elite Programme as it prepares to float
OpenGenius, the creators of iMindMap and DropTask, has announced the appointment of a new Chief Financial Officer (CFO), Niall Daly. Niall is a Chartered Accountant with over 30 years’ experience in IT and software businesses.
OpenGenius, which also owns Tec Marina in Penarth, recently became the first company in Wales to be accepted onto the London Stock Exchange Group’s ELITE programme, which helps ambitious companies prepare for growth through access to long term financing opportunities. Other companies accepted onto the programme this year include Mumsnet and British manufacturer of hybrid airships, Hybrid Air Vehicles.
Chris Griffiths, CEO, OpenGenius, commented on the appointment: “We feel very lucky to have recruited Niall into this role. This is such crucial time for the business as we look to accelerate our growth and prepare for a flotation in 2018. The next 12 months is going to be an exciting ride for OpenGenius and we are thrilled that Niall is going to be part of it. He also brings more than the traditional CFO skillset with him and will be involved in developing product concepts, branding and messaging.”
Prior to joining OpenGenius, Niall founded Backpocket CFO, a business that provides flexible CFO and Financial Director support for companies of all sizes. He has extensive experience in helping businesses with their exits, and as such, has been instrumental in a number of trade sales, management buyouts and flotations.
Previously, Niall was Chief Operating Officer with e-skills UK for eight years, where his main responsibilities were finance, IT, HR and programme delivery. He has also been a Growth Expert on the Goldman Sachs 10KSB programme for the past five years, two of the companies he coached also undertook the London Stock Exchange Elite programme.
On his appointment, Niall said: “This is a great opportunity to join a company with ambitious growth plans. Open Genius Mind Mapping software is used by over a million people worldwide and that number is growing all the time. I’m looking forward to getting started and helping Chris and the team on their path to flotation in the next couple of years.”
OpenGenius are the creators of the pioneering Mind Mapping, brainstorming and project planning software, iMindMap and task management app, DropTask. The company delivers bespoke and accredited training courses worldwide in Mind Mapping, applied innovation, speed reading, leadership and memory skills. Their software and training solutions are used by individuals worldwide within Disney, NASA the BBC and Microsoft.
The company is headquartered in Penarth Tec Marina, a purpose-built office space that aims to bring a Silicon Valley look and attitude to Wales. It officially opened on July 1st 2015 and currently houses 26 businesses.