Scaling for growth - Former Deutsche Bank CIO Andrew Porter joins board

San Francisco and Bristol, 7th May 2015 -  Brightpearl is laying the groundwork for further expansion of its successful multichannel retail management system by appointing one of the City’s most experienced and successful IT managers to its board.

Andrew Porter brings 20 years experience of IT in the Investment Banking sector. In the last two decades, Andrew has gained significant experience in opening up new markets by building high-capacity, resilient and high-integrity platforms, most recently at CIO level at Deustche Bank.

In particular, Andrew has developed industry-leading high volume transaction processing systems, along with process automation, workflow and client facing technologies. His responsibilities have ranged from running targeted, business critical programmes to managing a technology organisation of over 500 staff across five major locations.

“At Deutsche Bank we developed systems that handled the growth in the number of daily transactions from 10,000 to a peak of ten million,” said Andrew Porter. “This new role is about applying my knowledge of and expertise in high volume transaction processing to the multichannel retail world.”

“In investment banking you can’t miss a single trade. You can’t lose it – it can’t drop off the screen. And for regulatory reasons, a precise digital history has to exist for each and every transaction.”

“The same level of IT resilience and functionality has to exist in the retail sector. Instead of financial professionals working in the City of London, we’re dealing with independent multichannel retailers with no shared geographical base. Our role is to supply the right set of digital tools to help them increase sales – and to cut costs by automating time consuming administrative tasks.”

“In a nutshell, it’s about helping SMEs do more transactions, quicker and with less people.”

Adam Smith, CFO & SVP Operations at Brightpearl adds; “We are seeing massive growth in our customer base, with $2billion of transaction value traded through Brightpearl this year. Brightpearl is a mission-critical application and requires robust integrity and the handling of huge scale in processing power. Andrew’s skills and experience are particularly relevant to this continuing journey. Andrew has already made a significant contribution to these objectives and in the overall product strategy.

“Andrew’s appointment is just one of a number of key and exciting pieces of news we will be announcing in the forthcoming months – all of which will have a real and positive benefit to our customers.”

“Watch this space.”

About Brightpearl

Brightpearl helps retailers accelerate their growth and profits. Our cloud software and services enable multi-channel retailers to manage the heart of their business by combining orders, inventory, customer data, accounting and reporting into a single, reliable retail management system. Brightpearl’s Platform also provides real-time reports on inventory, cash flow, profitability by SKU and channel, customer purchase behaviour and more. Armed with these insights and the confidence in having their core operations under control, retailers can focus on what they love – merchandising and growing their business.

For more information, please visit www.brightpearl.com

Media contact:

Grainne Shaughnessy
media@brightpearl.com
+44 (0)117 981 7361