Singapore-based business software vendor Azentio has announced the appointment of Sanjay Singh as its new Chief Executive Officer. The appointment sees Tony Kinnear step down from the role and become a non-executive board member. Kinnear assumed the role shortly after Apax Partners acquired the company from 3i Intech in December 2020 for 10.2B INR.
Roy Mackenzie, Partner at Apax, shared his enthusiasm, stating, ”We are excited to welcome Sanjay who brings a wealth of experience in building world-class software businesses in the region, aligning with our collective vision.”
In another shuffle, David Hamilton, a board member since July 2021, has been appointed Chairman of the Board. Singh immediately becomes CEO, and Apax expects him to lead the company’s next growth phase.
Who is Sanjay Singh
Singh joins after a five-month stint as Chief Growth Officer at Securonix. Before that, he spent nearly four years at Datto and led the company’s growth through its IPO and subsequent acquisition by Kaseya in April 2022. He was also COO and a board member at Unbxd.
Singh spent 17 years at Akamai, rising from integration consultant into service, sales, and sales management and left as Senior Vice President of Global (Field) Operations, with his final 5 years based in Singapore, where presumably he will now spend much of his time. However, his LinkedIn profile says he is currently based in India.
Singh commented, ”I’m honored to be named CEO of Azentio. I’ve been impressed by Azentio’s advanced software products, dedication to innovation, domain expertise and insights of local markets. I anticipate building upon these strengths to deliver exceptional solutions to our clients.
”Azentio holds a unique position as the sole end-to-end software company specializing in the BFSI sector across Asia Pacific, Middle East, and Africa. Among industry players, Azentio stands out for its wide customer reach, market-leading products, and exceptional talent. I’m thrilled to guide Azentio towards achieving our ambitious vision of becoming the leading provider of BFSI software in APAC and MEA.”
Singh joined shortly after the firm announced its new generation of industry cloud software. ONEERP Cloud empowers supply chain, manufacturing, and financial functions, delivering efficiency and flexibility. The solution targets several verticals, including Manufacturing, Distribution, Financial Services, and Retail and covers several subindustries.
Enterprise Times: What does this mean
This is Singh’s first role as CEO, and seeing how he leads the company forward will be interesting. With an experienced board and the backing of Apax, will he change how the company expands? Azentio has a strong presence across Asia and the Middle East and an office in the US. Will he look to expand his presence in the US, Latin America or further expansion in Africa and Asia? Will he focus on the Banking, Insurance and Capital Markets products or continue the ERP journey?
How will Apax invest in its new CEO three years into its ownership? Will it provide product development funds or look at inorganic growth options?
