Auckland, New Zealand, November 11, 2020 - Mike Ridgway, chief executive of Microsoft darling Flintfox, is stepping back from operational leadership – but he won’t be resting on his laurels.
Ridgway says it is simply time for someone new to help lead Flintfox’s next phase. The global Trade Revenue Management (TRM) solutions business is accelerating its international growth. An IPO, with a potential listing on the ASX, is on the horizon.
John Moss, a former key senior executive with accounting software firm MYOB where he led mergers and acquisitions, the two largest divisions and product management group, will join Flintfox as chief executive in February.
Ridgway, who remains a significant shareholder in the business, says Flintfox’s star is rising with annual revenues heading toward $50 million. With the strategic support of private equity firm Advent Partners, he will continue to work to help realise Flintfox’s vision of being the leading TRM solutions provider.
It has been a massive year for Auckland-headquartered Flintfox. In June Advent Partners invested in the business to help fuel its global growth.
Then in July Flintfox won the coveted 2020 Microsoft United States Partner Award for Retail. Ridgway lays the credit for the award at the feet of Flintfox’s US team. It complements Flintfox’s Gold Microsoft independent software vendor (ISV) status and membership of the prestigious Inner Circle, an elite group of Microsoft partners.
Ridgway became CEO in 2007 and has built the business into an international thought leader in TRM, working with more than 125,000 manufacturing, wholesale distribution and retail industry users across the United States, Australasia, South America, and Europe.
Ridgway sees one of his greatest achievements during his 13-year leadership stint as the way in which a small company from New Zealand has grown to become a global Microsoft partner with joint sales engagements across the world.
Recent strong growth has come from Flintfox’s ability to leverage its Trade Revenue Management suite with its deep domain knowledge of supply chain and Microsoft Dynamics.
When Moss takes over, Flintfox management will be in the hands of someone who has been through private equity buy outs, IPOs and mergers and acquisitions countless times. He is known for his strategic abilities and he is becoming a shareholder in Flintfox.
Moss was at the table when private equity firm Archer Capital acquired MYOB for A$437 million in 2009, when they sold it to Bain Capital for A$1.2 billion in 2011 and when Bain went on to IPO MYOB for $2.1 billion in 2015.
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Flintfox provides best of breed Trade Revenue Management (TRM) solutions for resolving revenue challenges across the supply chain. It delivers TRM solutions to more than 125,000 manufacturing, wholesale distribution and retail industry users across North America, South America, Europe, and Asia Pacific.
Flintfox’s TRM software, for both buy and sell-side operations, integrates with any ERP and enables accurate, real time calculations for complex revenue activities including price management, promotions pricing, rebate management, claims, and deductions.
As a Microsoft Gold Partner and Inner Circle Member, Flintfox also provides consulting and implementation services for Microsoft Dynamics applications. New Zealand headquartered Flintfox has continually developed its solutions for more than 30 years.