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Kashflow expands board, takes ‘next logical step’

21st Jul 2009
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The Cloud Computing accounting solution appoints a new CTO and head of accounts, and confirms a move to London within weeks.  Jon Wilcox reports.

Software as a Service (SaaS) accounting provider, KashFlow has today confirmed the expansion of its board, together with news the company is to relocate from Essex to London within weeks.

Founded by Duane Jackson (whose crusade against Sage recently saw the contentious CEO ignite a copy of Sage software on a bonfire), KashFlow has continued to gather a head of steam in the evolving Cloud Computing space.  The provider is up for two awards at this year’s Sift Media Software Satisfaction Awards, where it faces competition from Liquid accounts and Arithmo.

Chairman of Kashflow, Lord Young of Graffham, said “KashFlow has grown very quickly and has reached an interesting stage. The business is now well established and making a profit from the SaaS (Software as a Service) model – so now we’re focussing on planning for the next phase of growth.”

“Relocating to London is the next logical step. It’s difficult to recruit good staff where the business is currently based and being in London gives us easy access to some of our key partners.”

The board of KashFlow, Lord Young and Jackson, will be joined by two additional faces: head of accounts, Michelle Gorsuch, and newly appointed chief technical office, Tim McOwan.  “Michelle’s past performance at the company speaks for itself” says Jackson, “Once I’d made the decision to devolve some responsibility she was the obvious choice for this role.”

Jackson went on to explain McOwan’s appointment: “Tim will oversee all technical aspects of the company, improvements to our existing products and development of new products.” He added: “I’ve known Tim in a professional capacity for a number of years and have wanted to bring him in to KashFlow for some time. When the opportunity came around, I grabbed it. His skills and expertise will be invaluable to the company during our next stage of growth.”



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