On July 23rd, 2018, Adam Moloney joined Blancco in capacity as Chief Financial Officer, taking the baton from interim CFO Simon Herrick. Tech veteran Moloney joins Blancco following his position as CFO at Eckoh between 2004 and 2017. With his extensive knowledge and experience, Moloney is well suited to steer Blancco towards its future, and he will be crucial in its growth over the coming months. We sat down with him to find out more.
Q. Welcome to Blancco! Tell us a bit about your career journey to our team.
A. Prior to joining Blancco, I was Chief Financial Officer at Eckoh plc from 2004 until 2017. Eckoh is an AIM listed technology company which specializes in providing technology solutions to organizations with large Call Centres including speech recognition, call routing and webchat services. Eckoh’s most popular solution was called Callguard. This solution required callers who reached out to call centers to key in their credit card numbers rather than reading out the number in an insecure way to an agent. The solution also blocked these credit card numbers from being stored on the IT infrastructure of the company being contacted.
Over my last nine years at the company, we grew revenue and profit by over 10 percent in each year and made three acquisitions. The share price of the company multiplied by 12x over the same period.
Q. What drew you to Blancco?
A. I saw a lot of similarities at Blancco to my time at Eckoh. Both companies have clever solutions to protect sensitive data, and both are listed on the AIM market. When I joined Eckoh, the company was undervalued by the Stock Market, and I believe that is currently the case at Blancco. There is an opportunity to grow the Blancco business to an even greater extent than we were able to at Eckoh, and I was keen to work with the great team that is in place to enable the company to succeed.
I had several meetings with Matt (Jones, Blancco CEO) and the Board who impressed me with their vision for the company – that convinced me it was the right destination for the next step in my career.
Q. What challenges do you anticipate when navigating your first quarter with us? And how do you plan to overcome these?
A. The company needs to enter a strong phase of growth in the coming years, and in the first quarter, that will mean making some bold decisions to invest in the future. We are planning to be more public with those plans when we release our year-end results in September.
Q. What does the near future of Blancco look like to you?
A. I joined Blancco because I expect the company to grow quickly over the next few years. I am convinced we are entering an exciting period over the next couple of years.
Q. If you could describe yourself in three words, what would they be?
A. Decisive, approachable and fair.
Q. Have you always been a numbers person? What did you want to be when you were younger?
A. Once I realised that I was unlikely to make it as a professional footballer, I decided that I wanted to be an accountant. I have always been fairly numerate and absolutely useless at anything practical, so it seemed an obvious career route for me.
Q. If you could spend a day in anybody’s shoes, who would you choose?
A. Jose Mourinho. Apart from being CFO at Blancco, he has the best job in the world but looks like he has lost a winning lottery ticket. I would take over for a day and try and make Manchester United a happy place again, at least for a day!
Q. What’s your lucky number?
A. I’m not superstitious and don’t believe in lucky numbers. In my experience luck tends to come to those that work the hardest.
A huge thanks to Adam for letting us get to know him a little better. You can keep up with him over on LinkedIn.