Ambitious Welsh software firm recruits new CFO

Open Genius, the software firm behind successful apps like iMindMap and DropTask, has announced the appointment of a new chief financial officer.

The company has taken on Niall Daly to lead its financial department. He’s a chartered accountant with more than 30 years’ experience working for IT businesses.

Headquartered at the Tec Marina co-working space in Penarth, it recently became the first Welsh company to be accepted on the prestigious London Stock Exchange ELITE programme.

It’s designed to help ambitious companies prepare for growth through access to long-term financing opportunities. Other companies on the programme include Mumsnet and Hybrid Air Vehicles.

Best known for its project planning software iMindMap, OpenGenius delivers bespoke planning and accredited training courses worldwide. Its solutions are used individuals within Disney, NASA, the BBC and Microsoft.

Chris Griffiths, CEO of OpenGenius, said: “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.”

Before joining OpenGenius, Niall founded Backpocket CFO, which provides flexible CFO and financial director support for companies of all sizes.

He also previously worked as chief operating officer for e-skills UK for eight years, where his core responsibilities were finance, IT, HR and programme delivery.

Niall has also been a growth expert on the Goldman Sachs 10KSB programme over the past few years, and 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.”