Management buy-out to fuel continued success of Five Faces
A new corporate structure was born for Australian digital signage firm Five Faces this November, as managers became new owners of the company.
Nicole Nixon (COO) and Abdul Alabri (CTO) became directors of the business, investing their own money to recapitalise the business, retain staff and continue the ongoing success of Five Faces. Yazz Krishna will continue at the helm of the business as CEO.
“We are happy to have been able to retain all staff, and we now have alignment on our strategy moving forward. Business will continue as usual at Five Faces, and we are grateful for our customers’ tremendous support,” says Nicole Nixon, COO and now a director of the digital business.
Alabri, one of the firm’s founders and the brains behind the technology, now finds himself a director and major shareholder. “We are compulsively customer driven and work in a fast paced, ever-changing industry. No one understands this better than the management, and no one is more committed to our continued success in serving our customers,” he remarks.
“I am thankful to have a dedicated management team with me that is now invested in the business. I have never been more excited to be a part of Five Faces,” says Krishna, who co-founded the business along with Alabri and a small team in 2009.
Five Faces is an Australian-owned business servicing enterprise customers and has deployments across Australia, Canada, New Zealand, South East Asia, and Europe.