SYSPRO appoints Josef Al-Sibaie to spearhead global expansion
SYSPRO has announced the appointment of Josef Al-Sibaie as its new chief of staff and corporate development officer, as the digital manufacturing solutions provider looks to drive global growth.
The former Advent International investment professional is tasked with leading SYSPRO’s mergers and acquisitions (M&A) strategy, with a focus on high-impact investments to enhance its digital manufacturing suite and strengthen its global footprint, the firm said.
The role will also see him work closely with the senior leadership team to drive execution across critical business functions such as sales operations and product.
Al-Sibaie brings extensive experience in technology investments and value creation and most recently served as an investment professional at SYSPRO’s new parent company, Advent International.
There, he is credited with playing a crucial role in executing high-value transactions across enterprise and vertical software as part of the organization’s European Technology Investment team.
In an announcement, Jaco Maritz, SYSPRO CEO, said the appointment marks a “key step” in the company’s transformation and global expansion journey.
“His expertise in technology investments and M&A will be instrumental in identifying and executing strategic opportunities that drive growth and innovation,” he explained.
“With Josef’s leadership, we are strengthening our position as a global digital manufacturing leader, ensuring we deliver unparalleled value to our customers, partners, and employees.”
The appointment follows Advent International’s acquisition of a majority stake in SYSPRO in August of last year. Since then, the company has moved to accelerate its growth strategy, successfully closing its acquisition of ERP specialist and long-standing UK partner, NexSys, during the first quarter under its new ownership.
SYSPRO said the acquisition bolsters its presence in the UK and will extend its reach across Europe, as well as enable expansion of its range of digital manufacturing solutions with new products and capabilities.
“I am honored to join SYSPRO at such an exciting time in its growth journey,” Al-Sibaie commented. “With Advent’s backing, we have a unique opportunity to scale rapidly through strategic M&A, investing in cutting-edge technology and expanding into key markets.
“The NexSys acquisition is a testament to our bold vision, and I look forward to driving further strategic initiatives that solidify SYSPRO’s leadership in digital manufacturing.”
MORE FROM ITPRO
Source link
