ZOO Digital Group, the listed software company based in Sheffield, has appointed an experienced chief financial officer to replace Helen Gilder.

Phillip Blundell will take up his new position with effect from 23 July, while current CFO Helen Gilder will remain with the company through to the end of July.

The firm also announced a 73 per cent increase in revenue to $28.6 million for the year to March 31st 2018. However it lost $5m before tax, compared with a profit of $0.5m the previous year.

“This has been another extremely successful year for the group, delivering considerable revenue growth while expanding our offering," said CEO Stuart Green.

“ZOO is increasingly viewed as a significant player in the media localisation market, and with the introduction of dubbing we have achieved a key milestone on our journey towards becoming a one-stop shop for all media localisation and digital packaging services across all languages.

“Through the development of our innovative technology, we are facilitating the ongoing disruption and growth of the digital entertainment market and we will continue to invest in innovation, quality and security to ensure we remain at the forefront of our industry.“Blundell has held senior finance and operational roles within UK technology public companies, including DotDigital Group, Eagle Eye Solutions Group and Intelligent Environments.He has over 20 years' experience building strong software businesses through product innovation and global strategic partnerships.

“ZOO is clearly recognised as one of the leading innovators in the world of media localisation and has an outstanding customer base and product platform on which to build,” he said.

"I look forward to assisting Stuart and the team in continuing to drive the business forward and delivering shareholder value."

Green added: “We are delighted to have secured a CFO of Phill's calibre. He brings a wealth of knowledge regarding the successful growth of public technology businesses and I'm sure he will be a real asset to our management team as we seek to capitalise on our significant market opportunity in media localisation."

Helen Gilder announced in February that she would be leaving ZOO Digital after more than a decade in the role and 18 years with the company.

Green said: "I would like to take this opportunity to extend my sincere thanks to Helen for her commitment and the support she has given me and the company over her 18 years with ZOO.

"It has been my privilege to work alongside Helen throughout that period. She leaves the company on a strong financial footing and we wish her all the very best for the future."