TORONTO–(BUSINESS WIRE)–Invatron Systems Corp. (“Invatron”), a leading provider of fresh item management software solutions for grocery retailers and a portfolio company of Tailwind Capital, announced the appointment of Oni Chukwu to its Board of Directors. A technology entrepreneur and global CEO, Mr. Chukwu brings over 25 years of experience in the software sector with a proven track record of accelerating enterprise growth through innovative market strategies and operational excellence.
Most recently, Mr. Chukwu served as Chief Executive Officer at Aventri, a leader in enterprise SaaS event management software for global businesses. As Aventri’s CEO, Mr. Chukwu led the comprehensive transformation, rebrand and emergence of the company as a global market leader through a focus on culture, product innovation, M&A strategy, and international expansion resulting in a 16X revenue growth. Previously, he served as Executive Vice President & Chief Financial Officer of Triple Point Technology, a global leader of enterprise commodities management software. Prior to Triple Point, Mr. Chukwu served as Chief Financial Officer for several companies, including Netkey Technology, Inc. and Healthcare Software Synergies, which was acquired by United Healthcare (NYSE: UNH).
Sanjay Swani, Partner at Tailwind, commented, “I have known and worked with Oni for nearly 10 years and am thrilled to welcome him to the Invatron Board of Directors. Invatron is an exciting company in a dynamic and growing market whose solutions solve a critical issue for its grocery clients. We believe Oni’s deep knowledge of the technology and software sectors will have an immediate impact as the company continues to grow its leading position within the fresh food retail marketspace.”
Jim Hoch, Partner at Tailwind and Chairman of Invatron’s Board of Directors, added, “We are excited to partner with Oni. His background and successful track record working with high-growth vertical software businesses make him an ideal fit for Invatron. Oni’s significant experience will be instrumental to the company as it executes its strategy and creates value for its fresh food retail partners.”
“It is a great privilege to join the Invatron Board of Directors. I am excited to partner with this talented and strategic-minded group of directors and to work alongside Tim Spencer as he takes the reigns as the new CEO of Invatron,” said Oni Chukwu. “I look forward to working with them and Invatron’s seasoned executive team to propel Invatron into the future to drive growth, innovation and continued success for its shareholders, customers, and employees.”
Mr. Chukwu holds an MBA from The University of New Haven. His family’s philanthropic organization, AfricaPlan Foundation, actively supports women’s health and education issues and budding underprivileged entrepreneurs in Africa. He also serves on the board of DOMUS, a not-for-profit entity which works with at-risk youths in Connecticut and is a Trustee of The University of New Haven.
Headquartered in Mississauga, Ontario, Invatron provides the leading fresh food technology platform for the food retail industry. With 32 years of experience, Invatron is deployed in more than 20,000 grocery stores and 15 countries globally providing software platforms for order replenishment, production planning, scale management, inventory management and compliance & regulations support. Its mission is to empower retailers to drive incremental gross margins through more efficient in-store practices and predictive demand forecasting to keep fresh in stock to achieve operational excellence and maximize financial performance across fresh food operations. www.invatron.com
About Tailwind Capital:
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within technology and business services, industrial services and healthcare. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.7 billion of committed equity capital, and has invested in 43 portfolio companies and over 120 add-on acquisitions.
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