Listed data company D4t4 Solutions has appointed a new CFO and made an acquisition.
The company headquartered in Sunbury-on-Thames has moved for Prickly Cactus, a data and analytics consultancy based in Bristol.
The deal for the company, which provides digital transformation consulting to companies across the globe, is for up to £750,000. It has an existing strategic relationship with D4t4 and its Celebrus family of products.
Prickly Cactus will be focused on driving customer success in the key markets of financial services, telecoms and insurance and building a stable of new Celebrus customers via partners and direct relationships.
Tony Brown, Managing Director of Prickly Cactus, said: “Joining D4t4 gives us the opportunity to work directly with some great partners and customers as well as bringing the group’s innovative and unique technology solutions to a host of new ones.
“We’re looking forward to adding real value to the existing D4t4 team and to helping more enterprises solve their digital transformation challenges.”
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Meanwhile D4t4 Solutions has appointed Ash Mehta as CFO with effect from 1st September 2021.
Mehta is an experienced public company finance director having previously served on the boards of a number of AIM-listed businesses, most recently Rosslyn Data Technologies Plc and Northbridge Industrial Services Plc.
Nitil Patel, who was appointed interim CFO in March 2021, will remain with D4T4 until the end of September 2021 to ensure a smooth transition of responsibilities.
Peter Kear, Chief Executive Officer at D4t4 Solutions, said: “Ash is a proven AIM CFO; his extensive experience in senior finance, non-executive and commercial roles makes him a great addition to the D4T4 board and will be key for us as the group moves ahead on the next phase of its growth journey and during this very important period of board transition.
“Alongside our new CEO elect, Bill Bruno, I believe D4T4 will have a first-rate executive and senior leadership team. I would like to personally thank Nitil Patel for all his hard work and assistance since March this year and wish him every success for the future.”