essensys appoints UK and Europe CEO
The flexible workspace software provider has appointed James Lowery, co-founder of British Land’s flexible workspace brand Storey, as CEO for the UK and Europe.
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essensys CEO Mark Furness said that Lowery, who launched Storey in 2017 and scaled it across more than 300,000 sq ft of British Land’s offices, will be a “huge asset” to the company.
Lowery will be responsible for meeting essensys’ ambitious targets for its UK and Europe business. By 2030, the company hopes to have a 22% market share in what it expects to be a £1bn industry in the region.
Furness said: “His skill set is unique, having bridged the gap between landlord and flex space provider at a leading UK property company. He understands the challenges our customers face and the pivotal role technology plays.”
Last week, essensys also made changes to its board, appointing Alan Pepper as chief operating officer and hiring Sarah Harvey from Virgin Media O2 as chief financial officer.
Speaking to PlaceTech in October, Furness said that people will be “astonished” at the quality of talent the company has managed to attract to the business.
Having reported £19.8m in annual recurring revenue in the year to July 2021, essensys is targeting global ARR of £68m by 2025 – an 8% market share – and £100m the year after.
Lowery said: “The effective utilisation of technology is one of the biggest challenges workspace owners and operators face when trying to meet evolving customer needs.
“I believe essensys is uniquely positioned to drive forward the industry’s digital transformation. A complete, secure and scalable platform, a great team and clear growth plan, makes me incredibly excited about the future.”