IVVy TARGETS 2022 PuBlIC FlOAT

AUSTRALIAN-DEVELOPED event management platform iVvy has announced two key board appointments, as it beefs up its senior ranks in anticipation of a listing on the Australian Securities Exchange in the first six months of next year.

Susan Forrester has been named as iVvy’s new Board Chair, bringing more than 25 years of executive management expertise in large professional firms across law, finance, HR and governance.

Also joining the iVvy Board is Craig Kinross, who becomes a non-executive Director with experience as a software executive and entrepreneur.

His previous roles include being CEO of MSL Solutions, which became ASX-listed in 2017, while Kinross is currently focused on growing Cherry Hub, a company he co-founded last year to provide a technology platform for hospitality and entertainment businesses to better engage their customers and staff.

iVvy CEO Lauren Hall said both appointments bring “significant value, expertise and strength to our Board as we move towards becoming an ASX listed company and look to drive long-term value for shareholders and customers”.

iVvy offers cloud-based sales and catering software which facilitates connections between hotels and meeting planners.

Hotels can use the platform to display rates and inventory for their meeting spaces online and facilitate real-time bookings, with iVvy saying its system gives properties greater visibility over their business so they can maximise the yield on their group rooms, meeting and event spaces.

The company is backed by rich listers including Alex Waislitz and the Gandel family, with the Australian Financial Review saying iVvy plans to raise about $20 million through its float.

The business boasts more than 25,000 users across 14 countries, including key players such as Mantra and TFE Hotels.