Timico's CFO hire signals fresh expansion bid

Managed Service Provider Timico's appointment of Matthew Farrow as Chief Financial Officer adds significant integration experience to the business and is the fifth senior appointment in the last 12 months.

The hire comes a year after the firm secured a £50m investment from Lyceum Capital and signals a period of ramped up organic growth and M&A activity as the company targets the mid-market sector.

Farrow, who trained at Arthur Andersen, brings 20 years experience to the business including longstanding stints at Phoenix IT Group and its subsidiary Servo Computer Services (acquired by Daisy).

He was most recently Finance Director at tech focused online estate agent Purple Bricks which he helped grow from a start-up to a market capitalisation of over £1bn.

Farrow has also consulted for various companies in the private equity technology sector.

He stated: "Timico is in a solid position as it sets out to achieve ambitious growth, and I will implement winning strategies that will help to achieve superior financial performance."

Timico CEO Ben Marnham added: "2018 has started strongly for the business and Matthew's appointment will play a huge part in continuing our expansion and helping us deliver on our ambitious business goals."

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