Allura Partners Appoints New CEO for RMS Cloud: An Advent Partners-Backed Investment
Advent Partners, a leading growth buy-out private equity firm in Australia, continues its legacy of investing in leading global SaaS companies by partnering with RMS Cloud. This investment adds to their notable portfolio, which includes Compass Education, MedTech Global, Flintfox, and MySite.
RMS Cloud, a frontrunner in cloud-based SaaS Property Management Software, boasts a 40-year history of offering a versatile cloud-based property management system.
With a proven track record in appointing Chief Executive Officers for Advent-backed investments, Allura Partners was engaged by Brad Lynch, Partner at Advent Partners, to identify a new leader to drive RMS Cloud's international growth strategy. Allura Partners executed a global search in collaboration with the Founder and outgoing CEO, Peter Buttigieg, and Advent Partners team members Brad, Symon, and Hesh.
The process led to the selection of David Murray, an executive with a wealth of leadership experience at renowned enterprises such as IBM and Amdocs, and a successful tenure as CEO of Buildxact.
David's impressive background, combined with his growth mindset and passion for the technology sector, positions him perfectly to lead RMS Cloud into its next phase of global expansion. His appointment marks a significant milestone for RMS Cloud, aligning with Advent Partners' vision to strengthen the company's global market presence and innovation capabilities.
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About RMS Cloud
RMS Cloud is headquartered in Melbourne, with over 200 staff across Australia, UK, Europe, the Middle East, Asia and North America. With over 35 years of experience in providing enterprise property management software to the world. The cloud-based software enabled businesses to centralise all operations and streamline efficiencies from anywhere, anytime and any device.
About Advent Partners
As one of Australia’s oldest private equity firms, Advent Partners focuses on partnership investments in mid-market growth companies. Known for promoting growth and building lasting value, Advent has a track record of investing across technology and healthcare.