KashFlow

Background and contacts

About KashFlow

KashFlow Software Limited is a privately owned company based in London, England. Founded by Duane Jackson in 2005, it provides online accounting software for small businesses owners - the emphasis always being on ease of use, automation and integration. KashFlow is widely regarded as a pioneer of the SaaS business model and as the leader in web-based accounting.

About The Digital Newsroom

The Kashflow Digital Newsroom is a simple and useful resource for you to keep track of all the latest news stories. High resolution images and complete press releases are available to download from here, and you can connect with our various social media profiles easily. Suggestions for improvements are welcome.

Contact Details

Louise Moran & Julian Obubo
Manifest London
t. +44 (0)203 1379 270
e. kashflow@manifestlondon.co.uk

KashFlow

KashFlow appoints former Exact CEO, Raj Patel as Vice Chairman

Rapid growth for accounting software business leads to a new face on the Executive Team

KashFlow, the award winning cloud-based accounting software company has appointed seasoned software CEO Raj Patel as Vice Chairman. Raj joins KashFlow in the new formal capacity following 5 years as CEO of global business software company, Exact.

  • Raj has been working with KashFlow for the past nine months in an advisory position
  • Raj has also bought an equity stake in the accounting software business
  • The appointment has been noted by industry analysts
  • The support for the Executive team that Raj will bring will allow Founder and CEO Duane Jackson more time to investment in youth startup projects
  • Raj is an entrepreneurial IT executive with more than 20 years’ international experience
  • Raj has worked with PC World and Exact and achieved notable titles including CEO of the Year 2007 and Entrepreneur of the Year 2008.

QUOTATIONS

Raj Patel commented:

“The traditional accounting software market is in the midst of a significant paradigm shift based on new technology, new business models and a new generation of users.  Over the past few years, it’s become apparent that traditional vendors are struggling with the magnitude and speed of change, which allows smaller, more nimble and agile players to create disruption in what has been a very mature industry.”

Raj continued:

“With incumbent players struggling in a changing macro-economic environment where new businesses are formed every day, a huge growth opportunity emerges. Duane was one of the first IT entrepreneurs to envisage and capitalize on it.  With its track record, innovative products, superior customer engagement and growth plans for the coming years I am convinced KashFlow will further its lead.  I am excited to be able to play a role in this journey and look forward to working with our team, our customers and our partners in making what has already been great journey even greater.”

Leading industry analyst, Richard Holway commented:

“I’ve followed KashFlow for many years. They really have given Sage, and other established companies in the market, a run for their money. It’s difficult enough to grow a company from scratch to £1m, but even more difficult to make the transition from ‘startup run by the founder’ to the next stage. The appointment of highly experienced new executives to join Duane Jackson is extremely good news and bodes well for the future of KashFlow and its customers”

Duane Jackson, Founder and CEO commented:

“We’ve been working with Raj for much of 2012 and he has already had a significant impact on the business working part time and behind the scenes with the management team. I’m really excited to be bringing him on board full time.

Duane continued:

“We’ve rushed into senior appointments in the past so we wanted to take our time to make sure we got this one right, and we’re confident that Raj is the perfect addition to our team.”

Attached Files

Archive

K-Team launches KashFlow Akademy

K-Team launch Akademy to help 67% of small businesses who hate accounting KashFlow today unveiled Akademy, an online hub of webinars, training sessions and video resources to help small businesses learn how to get the best from KashFlow’s award winning cloud accounting software. A recent survey by KashFlow revealed that accounting is the job small […]

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KashFlow appoints Julian Buck as Commercial Director

Another heavy-hitter joins management team at UK SaaS pioneer as it continues to expand Cloud accounting software company KashFlow has appointed Julian Buck as Commercial Director: Julian joins KashFlow after 5 years at Advanced Computer Software, three of which were as Managing Director of the Version One subsidiary. Prior to joining Advance Computer Software, Julian spent […]

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