iplicit Appoints New COO After £25m Injection
Portfolio - People | Feb 03, 2025 | Business Cloud
iplicit, a London-based cloud accounting software company, has appointed Olivia McMillan as its new Chief Operating Officer (COO) following a £25 million investment from private equity firm One Peak. With extensive experience in SaaS operations, McMillan aims to drive iplicit's delivery as the company anticipates its seventh year of triple-digit revenue growth. She brings two decades of expertise to her new role, having previously served as Vice President of Operations for UK and Canada at legal tech provider Dye & Durham. McMillan steps into the role as Ed Gairdner, iplicit's former COO, transitions to Chief of Staff to focus on corporate governance and growth strategies. The company's CEO, Lyndon Stickley, expressed confidence in McMillan's ability to facilitate iplicit's ambitious growth plans, aiming to become the leading accounting software provider in the UK midmarket. As iplicit strives for relentless growth, the company looks to capitalize on its unique market position and offerings.
Sectors
- Financial Technology (FinTech)
- Software as a Service (SaaS)
- Private Equity
Geography
- United Kingdom – iplicit is based in London and targets the UK midmarket for its growth strategy.
- Canada – Olivia McMillan previously oversaw operations in the UK and Canada at Dye & Durham.
Industry
- Financial Technology (FinTech) – iplicit operates within the FinTech industry by offering cloud accounting solutions.
- Software as a Service (SaaS) – The company delivers its products through a SaaS model, providing cloud-based accounting software.
- Private Equity – One Peak is a private equity firm that invested £25 million in iplicit.
Financials
- £25 million – Investment received by iplicit from One Peak.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| iplicit | Target | Company | A London-based cloud accounting software firm experiencing rapid growth. |
| Olivia McMillan | New COO | Person | Recently appointed COO of iplicit with 20 years of experience in SaaS. |
| One Peak | Investor | Private Equity Firm | Provided a £25m investment to support iplicit's growth strategy. |
| Ed Gairdner | Former COO, Now Chief of Staff | Person | Transitioned from COO to Chief of Staff at iplicit. |
| Lyndon Stickley | CEO | Person | CEO of iplicit, leading the company's growth strategy. |