viewVault Intelligence Ltd

Vault Intelligence expands role of David Rose

The company provides risk and safety management software to over 400 customers.

three empty board seats
Guidance is for contracted annual recurring revenue (CARR) of $6 million in FY19

Vault Intelligence Ltd (ASX:VLT) has appointed former non-executive director David Rose to the role of chief operating officer (COO) and chief information officer (CIO).

He will also remain on the board as an executive director.

In his capacity as COO he is leading the strategic and structural changes to drive revenue growth both directly and via partners.

His appointment allows CEO David Moylan to provide greater focus on increasing strategic engagements and capitalise on key global opportunities for the business.

READ: Vault Intelligence to add Solo worker-tracking revenues to new CARR figures

Vault provides risk and safety management software in Australia with over 400 customers across 8 countries and offices in Christchurch, Melbourne, Sydney and Perth.

The company aims to develop comprehensive risk and safety software to help create a safer workplace.

Vault has revealed it aims to achieve contracted annual recurring revenue (CARR) of $6 million by the end of the 2019 financial year on June 30.

At the end of FY18 it was at $3.31 million CARR and at the end of the September quarter Vault had increased CARR to $3.73 million.

Quick facts: Vault Intelligence Ltd

Price: 0.26 AUD

Market: ASX
Market Cap: $33.28 m

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