A number of changes at software supplier firm Reapit have been announced alongside the departure of sales director Simon Whale.
It has also emerged that sales manager Pete Fenwick has left the firm.
While successors for both Whale – who is taking on an ‘ambassadorial role’ at Reapit – and Fenwick have yet to be announced, other changes have been revealed.
Chief financial officer Jeff Wylie, who joined Reapit in January, and chief marketing officer Daniel Weisbeck, who joined last month, are on the board. Both are said to have had leadership roles in business to business technology companies for over 20 years each.
Matt Goddard has been promoted to chief product officer, while chief commercial officer Paul Starkey will lead the firm’s technology partner programme.
CEO Gary Barker said: “Since our 2017 management buy-out by Accel-KKR (a leading global technology-focused investment firm), we have been executing on an aggressive growth plan organically, technically and through M&A.
“To ensure we are well positioned to continue this growth we have built out the company leadership with new key appointments.
“I am very excited about the new board line-up and feel confident we now have the team to drive our market share growth going forward.”
Whale himself has said, in a post on EYE, that Reapit has given him the best years of his life and any potential criticisms of the firm are “wide of the mark”. He described the firm as first class, and a business that is set to prosper.
He himself is planning to spend more time on the Do it for Dom project, which aims to raise money – so far, getting on for £25,000 – for the Huntingdon Disease Association. Popular estate agent Dominic Subbiani has the disease and a number of agents and industry suppliers are planning a fund-raising climb of Mount Snowdon.
Danger, venture capitalists at work
So, Watch out for your subscriptions everyone who uses the system and remember with all these acquisitions being made as the markets face challenges, they have got their timing wrong to milk existing clients…but mark my words all of these investments in Reapit/Zoopla the Property Software Group will all need a return and the agents will get a squeeze….when many won’t have the spare capacity.
The announcement that Simon Whale and others have gone are a hint…lets be brutally honest…time to organise a walk up a mountain is not going to take up all of his energy…no matter how good the cause. I walked up Snowdon with my 12 year old last year!
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You make a good point here and let’s not forget these companies have access to agents back end data. That means they can see your confidential sales data and decide how to fleece agents based on their revenue rather than the cost of actually running a software business.
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Reapit marketing team were very busy over the weekend putting all that spin together!
one has to ask how you increase market share after your two key deliverers of new business leave?
Acquisitions maybe???
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