cl-nz logo
Story image

Virsae appoints new CFO, ramps up plans to go global

23 Sep 2016

Virsae has plans to go global, and newly-appointed CFO Cameron Ford will help lead the way, the company has announced. Ford will be based in Auckland and will help Virsae adapt its cloud-based business communications management service to the international market.

Back in March, Virsae announced that had secured $3 million for international expansion. The company has chosen expansion, mainly due to the fact that 85% of its customers are from the United States. 

Ford, who was most recently group financial controller at Orion Health, brings a wealth of experience to the new role.

Virsae also took out Emerging Exporter of the Year at the Air New Zealand Cargo ExportNZ Awards this year. 

“We’re really pleased with our progress, but we’re only scratching the surface in what is a multi-billion dollar category,” Virsae Chief executive Tony Jayne said in March.

“We don’t have to wrestle a dominant player to the ground; our biggest job is educating the market and getting customers to recognise that maintaining reliable enterprise communications is much easier with a specialist tool like VSM than trying to do the job manually or shoehorning traditional IT management tools.”

Virsae provides business communications monitoring services through the cloud. The company's partners include 4net-technologies, ACG Networks, Altura Communication Solutions, Arrow Systems Integration, Azzurri, BrantTel Networks, Integration Partners and Pyrios.

Story image
Westcon Group reaps $221.5m revenue
Westcon Group New Zealand’s financial statement reveals revenue of $221.5 million for the year ended 29 February 2020, with after-income tax profit grossing $2.7 million. Both revenue and profit are up from the 2019 year, in which revenue was $211.6 million and after-income tax of $1.6 million. The company’s revenue comes from sales of goods, sales of service, and commission received from the sale of maintenance service. Sales of goods for the 2020 year totalled $216.7 million, up from $206.8 million in 2019. Additionally, revenue resulting from sale of service totalled $883,606 – up from $861,358 in 2018. Commission received from sale of maintenance service topped $3.89 million, a drop of only a few thousand dollars compared to 2019 figures. Westcon’s purchases for the 2019 cost $202.7 million, up from $194 million in 2019. Employee benefits expense cost $12.7 million, up from $12.6 million in 2019. The company paid no dividends for the financial period. There are 1000 ordinary shares in the market. Referencing the COVID-19 pandemic, the financial statement says that it is not possible to estimate the short- and long-term effects of the economic impact. “This being the case we do not consider it practicable to provide a quantitative or qualitative estimate of the potential impact of this outbreak at this time.” *Some figures have been rounded.More
Story image
ComCom takes responsibility for external provider breach
In 2019, thieves stole computers from a third party supplier. ComCom admits it was also at fault.More
Story image
Global government IT spending to reach $438 billion in 2020
According to the Garter forecast, the software sector is set to experience the strongest growth in 2020.More
Link image
The dream of open banking: It's disruptive, and it's anyone's game
Empower your business users with agility and self-service data access—everything you need to unlock the secret sauce for unique banking business models.More
Story image
How Kiwi FinTech is helping keep NZ’s economy on track
Three Kiwi company founders explain how they are helping the post-COVID economic recovery with a mix of innovation and heart.More
Story image
Samsung unveils 5 new devices, including Galaxy Note20
Samsung has today announced a suite of new products to its consumer device lineup, adding to their roster two new phones, a tablet, a smartwatch and earbuds.More