LONDON Craig Anderson has joined Nallatech (Cumbernauld, Scotland) to become Chief Executive Officer with the company’s founder and present CEO, Allan Cantle, retaining the role of President with responsibility for strategy and business development.
Anderson will be responsible for directing the implementation of the next phase of Nallatech’s growth plan, which will see the majority of the company’s resources focused on the military and aerospace sector in the U.S. which the company believes is one of the fastest growing markets its high performance FPGA computing solutions. The move follows the company reporting an increase in revenue of 120% in North America, for the financial year ended, April 30 2005.
The growth plan will see the company significantly increase its investment in its U.S. commercial activities during the first half of 2006, including the further recruitment of additional sales and technical support staff to meet the continuing growth in sales.
Cumbernauld will remain its centre of excellence for research and development, with further investment in skilled roles planned for 2006 but the increase in focus on the U.S. market may result in a reduction in the operational headcount at the company’s headquarters. Nallatech says it plans to increase its total headcount over the next year and both Anderson and Cantle will be based in the company’s headquarters in Cumbernauld.
Anderson was COO and CFO of Voxar, a healthcare IT company purchased by BARCO in 2004, and prior to that, was Group Financial Controller at Kwik-Fit, the automotive parts repair and replacement supplier, with financial management responsibility for 25 operating divisions across 12 countries.
Iain Robertson, Chairman of Nallatech, said, “Under Allan’s leadership, Nallatech has developed an enviable position in the high performance FPGA computing solutions market and the announcement of these senior management changes represents a natural evolution of management responsibility within a company at this stage in its development. Craig’s wealth of commercial experience coupled with our strong technology offering is set to advance the company to its next phase of rapid growth.”