Welsh software house OpenGenius has appointed Niall Daly as its new CFO before it prepares to float on the London Stock Exchange.

Based in Cardiff, the firm created iMindMap and DropTask, and also owns Tec Marina in Penarth.

Daly is a Chartered Accountant with over 30 years’ experience in IT and software businesses.

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OpenGenius recently became the first company in Wales to be accepted onto the London Stock Exchange Group’s ELITE programme, which helps ambitious companies prepare for growth through access to long term financing opportunities.

Other companies accepted onto the programme this year include Mumsnet and British manufacturer of hybrid airships, Hybrid Air Vehicles.

CEO Chris Griffiths 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.”

Prior to joining OpenGenius, Daly founded Backpocket CFO, a business that provides flexible CFO and Financial Director support for companies of all sizes.

He has extensive experience in helping businesses with their exits, and has been instrumental in a number of trade sales, management buyouts and flotations.

“This is a great opportunity to join a company with ambitious growth plans,” said Daly.

“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.”