The company has appointed American Roger Pilc as its new chief executive. Mr Pilc will replace Qumas founder and chief executive and chairman for the past 12 years, Paul Hands. Mr Hands will however remain on in his post of chairman.
Mr Pilc will remain based in the US — where Qumas currently has two offices. He was most recently chief executive of a company called Whale Communications in New York. Whale is a leading security software vendor, recently bought out by Microsoft.
Mr Pilc was previously chief operating officer at enterprise management software company SMARTS, which enjoyed nearly five-fold revenue growth during his four-year tenure at the company. He has also held senior management positions in the telecommunications and internet services industry.
Commenting on the appointment, Mr Hands said: “Roger Pilc is exactly the right person for Qumas. His proven management experience will drive accelerated growth and strengthen our leadership position in enterprise governance, risk and compliance.”
The company also recently announced a €4.4 million Enterprise Ireland-supported investment into a new R&D facility at its headquarters at Cleve Business Park in Cork.
The investment will allow for the expansion of Qumas’ existing R&D facility and will lead to the creation of 40 high-value jobs (26 of which will be dedicated R&D roles) when fully operational within the next two years.
“We’re aiming to improve our market position in both the US and Europe, where we are targeting incremental sales in excess of €40m over the next five years,” said Mr Hands.