Construction technology provider Causeway Technologies has appointed Richard Longdon as non-executive chairman.
Causeway, established in 1999, provides enterprise and cloud software solutions to the construction and infrastructure maintenance industries.聽
Headquartered in Buckinghamshire, it serves over 2,500 customers and has over 350 employees.聽
One of Britain鈥檚 most respected 鈥楽ilicon Fen鈥� entrepreneurs, Longdon was the chief executive and subsequently president of AVEVA plc for 17 years before stepping down at the end of 2017.聽
Under his leadership, AVEVA grew into a FTSE 250 technology company with a market capitalisation of 拢1.4bn at the time of his retirement from the board of AVEVA.
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Longdon鈥檚 prior positions include chairman at Ideagen plc and senior independent non-executive board positions at Alfa Financial plc and Fidessa plc before it was taken private in 2018.聽
He has also worked successfully with private equity-backed businesses, serving as a non-executive chairman at Process Systems Enterprise Ltd and non-executive director at Prometheus Inc.聽
His appointment follows the recent announcement of a 拢120m investment in Causeway by Five Arrows Principal Investments, the European corporate private equity arm of Rothschild & Co, to fund strategic acquisitions and accelerate the company鈥檚 organic growth strategy to provide a seamless digital connection across the entire construction supply chain.
鈥淩ichard鈥檚 addition to our board brings complementary expertise in software business management and financial performance,鈥� said Phil Brown, chief executive of Causeway.聽
鈥淭his appointment is also indicative of the level of excitement about our market opportunity, and the strength of our ambitions as a business.聽
鈥淥ur core purpose at Causeway is to enable the digitisation of the construction industry to best-in-class standards, and Richard鈥檚 arrival will help us scale our capability so that we can enable our customers to best leverage technology to be distinctly impactful in their respective markets.鈥澛�
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Longdon added: 鈥淭his is a very important time for Causeway. I am thrilled to have this opportunity to work with Phil and his team as well as Five Arrows – together we will accelerate the extension of Causeway鈥檚 cloud platform across multiple sub-segments of the construction supply chain.聽
鈥淚t is clear that the construction industry urgently needs and wants good technology solutions. With its recent acquisitions and the investment from Five Arrows, I see Causeway as exceptionally well placed to play a leading role in this market, especially given Causeway鈥檚 fantastic product set and deep customer relationships.鈥�