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Nearly six months after stepping aside as the CEO of IDP Education (ASX: IEL), Andrew Barkla has picked up a new gig as chairman of Capsifi - an Australian business management platform based in Sydney.
His appointment forms part of Capsifi’s new leadership team, which also includes the appointment of former Salesforce chief commercial officer Australia Ian McAdam as CEO, and former Imperva ANZ vice president Tony Mascarenhas as chief revenue officer.
As part of the reshuffle, Capsifi founder and former CEO Dr Terry Roach has decided to hand over the reins, instead choosing to return his focus to leading the strategy and vision for product innovation at the software developer as chief innovation officer.
Capsifi operates a centralised business architecture platform for large and complex companies, enabling the planning and management of transformation initiatives from concept to execution.
This includes tools to capture and visualise large swathes of data, planning mechanisms to deliver operational efficiencies and communications software to eliminate misunderstandings with consistent messaging.
Since developing its solution with inaugural client Service NSW, Capsifi has attracted blue-chip clients in Europe and North America including American Express, Costco and IKEA.
Founder Roach, who started the business in 2013, said it was vital to have leaders with the right experience to drive the company forward as it moves into its next phase of growth.
“I’m thrilled to welcome these industry stalwarts into the Capsifi fold, having worked extensively with Ian McAdam and Andrew Barkla in various capacities in the past,” Roach said.
“Andrew has a strong background in global strategy and market growth, and Ian provides extensive experience in business leadership and market expansion.
“Additionally, Tony brings Capsifi a leadership background in strategic revenue growth through sales and partner channels.”
The founder attributed the company’s ability to attract such high level talent to a $11 million investment from the Australian Business Growth Fund (ABGF) which it received in 2022.
ABGF co-head of investment Ghazaleh Lyari said Capsifi was now well positioned to fulfil its growth potential.
“Terry’s deep technical capabilities will ensure Capsifi continues to be at the leading edge of innovation and stays ahead of its competitors; while Ian’s extensive experience in leading large enterprises will enable Capsifi to refine and execute its go-to-market strategy,” Lyari said.
“Australian Business Growth Fund provides more than capital to help businesses grow. We work closely with our portfolio companies, assisting them with strengthening executive team capability to deliver on their growth objectives.”
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