Role No: 1014 - APPLY FOR ROLE

A Non-Executive Director (Non Exec, NED) is required for a software-as-a-service (SaaS) software, IT Company based in Hampshire and an office in the US.

With a strong sales pipeline and existing customers already established the company is looking to achieve revenues of £1.2m in 2017/18.

Our client is looking for a Non-Executive Director to contribute to the continued growth of the company and specific expertise in:

  • experience of an international software business and developing international distribution;
  • expertise in IT/software companies who have clients in government/corporate organisations;
  • a proven record of successful growing & exiting from a software/IT business.

 

The Non-Executive Director will be encouraged to become a shareholder in the Company to align the incoming Non Exec’s interest with that of the existing Directors who are all shareholders.

 

Business Concept: 

 

    • Our client develops and sells software which enable organizations to manage IT and software assets efficiently, with operations based in Hampshire and the USA. 
    • The company currently has four Directors including the MD and they are budgeting revenues of £1.2m in 2017/18. 
    • The company aims to significantly increase the scope and volume of its business activities in both the UK, USA and, in the longer term, globally with the new and existing technologies.  
    • The worldwide market for the targeted hosted software is worth over £1bn and growing. The company aims to address this market through the 20% of key vendors that control 80% of the market and has developed relationships and are in trials with these companies.  
    • Originally a reseller of business software to SMEs, the company moved into the provision of applications on a software-as-a-service (SaaS) basis, gaining significant experience in SaaS technologies. Against a background of changing licensing arrangements being introduced by many software vendors and with research indicating substantial wastage by companies on unused software, in 2014 the company launched a technology for measuring the actual usage of software applications - the aim of which was to provide organizations with accurate information on which to base their ongoing licensing provisions with vendors and improve their overall cost efficiency metrics for expenditure on software. Their product is now fully developed and in usage by major customers in both the public and corporate sectors.  
    • The growth of SaaS and cloud technologies have opened new opportunities in adapting to monitoring hosted software and services. In cooperation with major vendors (including Microsoft) and their partners the company has completed trials of a new technology for tracking and reporting on the licensing of hosted software.  
    • The founders are looking to ‘exit’ the company within 3-4 years.

 

Non-Exec Director Role/Requirements/Expertise:

  • experience of an international software business and developing international distribution;
  • experise in IT/software companies who have clients in government/corporate organisations;
  • business processes and business implementation;
  • It is expected that the role will require approximately 2 days per month.
  • The Non Exec will be encouraged to become a shareholder in the Company to align the incoming Non Exec’s interest with that of the existing Directors who are all shareholders. The company is registered for the EIS scheme which provides 30% tax relief and up to 100% capital gains relief subject to status.
  • The Non Exec will receive a remuneration package which includes share options plus commission payments on any introduced sales or deals they help with.

 

THIS ROLE WILL CLOSE ON MONDAY 20th MARCH 2017

 

 

 

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