#USA #Cupertino #Boardwalktech #Velocity #Steve Bennet

Boardwalktech Enhances Offerings with New Contract and CFO Appointment

In a significant move towards enhancing its operational capacity, Boardwalktech Software Corp. recently announced a multi-year agreement with a prominent global professional services firm listed on the NYSE. This strategic partnership involves the implementation of Boardwalktech's innovative Velocity product, specifically designed for efficient Excel data management.

Approximately 30 users from the finance sector of the client organization will utilize this product. This contract is expected to generate around $70,000 in Annual Recurring Revenue (ARR) during the initial year, with an additional $40,000 anticipated for follow-up services.

Transitioning to Innovation

Andrew Duncan, the CEO of Boardwalktech, emphasized the importance of the Velocity product in transforming traditional operational methodologies. He stated, “Companies are increasingly relying on the Boardwalktech Velocity product to aggregate, validate, and maintain an audit trail for mission-critical finance data.” The Velocity platform facilitates the transition from manual, email-based collaborations to a robust enterprise-level database solution while retaining familiar Excel interfaces. Such enhancements are poised to streamline processes, reduce risks, and expedite decision-making timelines. Duncan reflected on the potential of the initial contract to significantly scale up in the coming years.

Key Leadership Change

In tandem with this new contract, Boardwalktech has announced the appointment of Steve Bennet as the new Chief Financial Officer (CFO). Bennet, who was already serving as a board member, brings a wealth of experience with over 30 years in financial leadership roles within Silicon Valley’s vibrant tech scene. Having been integral to the success of more than 100 technology startups, Bennet’s expertise spans various sectors including software, mobile applications, and the Internet. He is also the founder of Bodega Partners, a management consulting firm. His previous roles include CFO positions at notable companies such as Rollbar, Revel Systems, and the acquisitions of various tech firms by larger entities, which underscores his track record in driving growth and facilitating strategic financial planning.

Innovation-Driven Approach

Boardwalktech has developed a patented Digital Ledger Technology Platform, which sets it apart in the industry. This platform is currently being utilized by several Fortune 500 companies worldwide for managing critical applications. The unique framework enables multiple stakeholders to collaborate on shared datasets simultaneously, thereby ensuring data fidelity and provenance. The company's capability to deliver tailored enterprise information management applications on a variety of devices and integrate these into existing enterprise systems significantly reduces the time typically associated with conventional platforms.

Headquartered in Cupertino, California, Boardwalktech also maintains offices in India, showcasing its commitment to a global operational footprint. The company is dedicated to providing cutting-edge solutions that solve complex data management challenges across various industries, indicating a strong trajectory in growth and innovation.

Conclusion

This recent contract and the new leadership appointment signify a pivotal moment for Boardwalktech as it strengthens its position in the market and prepares to tackle future challenges. The strategic steps taken today promise not only improved efficiencies but also enhanced partnerships that could lead to lucrative growth avenues in the evolving tech landscape. For additional insights and updates about Boardwalktech, interested parties can visit Boardwalktech's website.