Apax-backed Azentio Software appoints CEO
Azentio Software (Azentio), a Singapore-headquartered software products business owned by Funds advised by Apax, has appointed Tony Kinnear to the role of Chief Executive Officer (CEO), effective immediately.
Kinnear joins Azentio from Thomson Reuters where he was President of the Legal Professionals business, overseeing the USD2.5 billion division and a global team serving 235,000 customers, having first joined the company in 2005 as CEO of its Legal and Tax businesses in Australia and New Zealand. Kinnear brings with him deep expertise managing and scaling software businesses, extensive senior leadership experience in the Middle East and Asia gained from over twenty years in the market, and a strong record of successful M&A.
At Azentio, Kinnear will lead activity for the company globally. He will work closely with the existing management team and the Apax Funds to expand Azentio’s presence in its current geographies, build on its strong portfolio of feature rich products and pursue strategic M&A opportunities to support Azentio’s positioning as a regional leader in the banking, financial services and insurance (BFSI) software sector.
Shashank Singh, Partner at Apax, says: “We are extremely pleased to have Tony join the Azentio team. He comes with an impressive track-record of leading global businesses that have achieved significant growth and he brings a wealth of expertise in both software and servicing BFSI clients, relevant to Azentio’s core proposition. We look forward to working closely with Tony as we continue to support Azentio’s transformation into a software leader across MEA and APAC.”
Kinnear adds: “I am delighted to be joining Azentio as the company’s CEO. Whilst a newly independent business, Azentio already has a long history and a well-established business proposition, an exceptionally strong team, an impressive product portfolio and a loyal customer base. I look forward to working with Apax and the Azentio team to continue building on these strengths, whilst delivering best-in-class service and products to our clients.”
Padmanabhan Iyer, Director, Azentio, says: “I’m thrilled to welcome Tony as Azentio’s new CEO. Tony is a capable and experienced leader, and is perfectly placed to build long term value for Azentio’s customers and employees. I wish him all the best in his new role and look forward to working with him to scale the Azentio business.”