Wax Digital has appointed John Thompson, an experienced veteran in SaaS and procurement, as its new chairperson. The company is set to benefit from his extensive knowledge.
Thompson’s leadership is expected to enhance Wax Digital’s strategic initiatives, particularly its expansion into international markets, while continuing to provide superior service to clients.
Appointing a Seasoned Leader
In a significant move, Wax Digital has secured John Thompson as its new chair, bringing decades of expertise to the table. With a background in steering Software-as-a-Service (SaaS) companies towards growth and development, Thompson’s record speaks volumes of his capabilities. His role is pivotal as the company eyes expansion across the UK and beyond, striving for excellence in service delivery.
Paul Ellis, CEO of Wax Digital, expressed his enthusiasm for the new appointment: “We are delighted that John has joined the business. He brings a wealth of experience in growing SaaS companies and his depth of knowledge across our sector and beyond will be invaluable.” His strategic insight is expected to bolster Wax Digital’s position within competitive markets.
Strategic Growth and International Expansion
Thompson’s expertise in the procurement sector is not to be understated. His previous roles included aiding companies in securing critical funding, evolving business models, and entering new geographical markets. This extensive experience is expected to be invaluable as Wax Digital aims to boost its presence internationally.
The company has already made significant strides in the United States, tapping into major contracts in specialised sectors such as Aerospace and Defence. Wax Digital leverages its partner network to penetrate these lucrative markets, where Thompson’s familiarity with US enterprise customers provides a distinct advantage.
Driving SaaS Success
Wax Digital has surpassed notable milestones, achieving more than $10 million in SaaS revenue, marking its steadfast growth and market penetration. Positioned within the Visionary quartile of the 2018 Gartner Magic Quadrant, the company is recognised for its innovative web3 solutions.
Thompson’s appointment is timely, coinciding with a rise in cloud-based eProcurement adoption. This trend highlights Wax Digital’s innovative spirit and its commitment to maintaining a dynamic approach amidst shifting market demands. John’s leadership aligns with these strategic ambitions, setting the stage for future achievements.
His involvement marks a period of enhanced strategic execution aimed at capturing emerging opportunities in the digital procurement landscape, strengthening Wax Digital’s market hold and customer base.
Commitment to Service Excellence
The focus on service excellence is a cornerstone of Wax Digital’s operational strategy, ensuring a competitive edge in a rapidly evolving market. By integrating Thompson’s managerial acumen, the company reinforces its commitment to delivering high-calibre solutions.
Thompson asserts, “With market adoption of cloud-based eProcurement on the rise, it is a dynamic and innovative business to be involved with and I’m looking forward to helping it achieve its ambitious targets.” His statement reflects the company’s direction and underlines the motivation driving its goals.
Insights into Past Leadership Roles
Before joining Wax Digital, Thompson held numerous advisory positions with tech ventures backed by venture capital and private equity, such as ProspectSoft and Vyre. His career includes co-founding Commerce Decisions, a procurement SaaS business.
Under his leadership, Commerce Decisions was acquired by QinetiQ, where Thompson served as managing director of its procurement services unit. These roles underscore his proficiency and underscore his strategic mindset geared towards technological innovation and growth.
His tenure in these roles provides a comprehensive understanding of procurement dynamics, enhancing Wax Digital’s strategic planning and international outreach capacities.
Thompson’s Vision for Wax Digital
Thompson’s vision aligns with Wax Digital’s aspirations to harness technology for tangible business improvements. His experience suggests a future where the company continues to push boundaries in digital solutions.
His strategic foresight is anticipated to craft avenues for Wax Digital to explore new technological frontiers, ensuring its solutions remain relevant and impactful across various sectors. A focus on customer-centric innovation will likely persist under his guidance.
Conclusion of a Strategic Partnership
John Thompson’s integration into Wax Digital signifies more than a mere appointment; it represents a strategic partnership poised to redefine the company’s growth trajectory.
With Thompson at the helm, Wax Digital is set to advance holistically, solidifying its presence in new and existing markets, while upholding the standard of excellence its clients expect.
John Thompson’s appointment is a testament to Wax Digital’s commitment to sustained growth and innovation. His leadership promises to pave a new path for the company’s future achievements.
