Freeagent Holdings Regulatory News (FREE)

12 March 2018

FreeAgent Holdings plc

("FreeAgent", the "Company" or the "Group")

 FreeAgent Appoints New VP of Sales 

- Nick Longden to lead sales within FreeAgent's Accounting Practice -

- Clear focus on transitioning accounting professionals towards digital accounting - 

FreeAgent Holdings plc, a provider of cloud-based Software-as-a-Service ("SaaS") accounting software solutions and mobile applications designed specifically for UK micro-businesses, today announces the appointment of Nick Longden as VP of Sales to help spearhead its growth strategy within its Accounting Practice Division.

Formerly VP Fintech, Mobile & Connected Devices at Mobica, Nick will be responsible for maximising growth and further boosting FreeAgent's reputation in the accountancy practice sector as it seeks to maintain and build its market presence in this important market.

Nick's appointment at FreeAgent comes after a two-decade long career in the accounting software industry, where he has worked for major companies including Sage, Xero, CCH and Pegasus.

This announcement highlights the Group's continued focus and investment to scale-up customer acquisition with a particular emphasis on accountancy practice customers which was outlined as a key part of the Group's growth strategy at the time of Admission to AIM.

Ed Molyneux, Founder and CEO of FreeAgent, commented:

"We are delighted to welcome Nick as our new VP of Sales. A veteran of the accounting software industry, Nick was involved at the very start of the cloud and SaaS revolution and has worked with some of the leading names in the industry. With over 25 years' industry experience his credentials speak for themselves and his experience will be invaluable as we execute on our growth plans.

With the imminent arrival of Making Tax Digital, accountancy practices are increasingly important partners for FreeAgent and our ongoing partnership with NatWest and Royal Bank of Scotland has cemented our position as the best solution for small and micro-businesses.

With Nick at the forefront of our sales team, alongside Kevin McCallum who steps into the new role of Chief Commercial Officer (CCO) to lead our efforts in the Open Banking and wider FinTech space, we are doubling down on our support for these important channels to introduce even more business owners and their accountants to the benefits of FreeAgent in the coming years."

-ENDS-

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Notes to editors:

About FreeAgent:

FreeAgent provides the UK's market-leading online accounting system specifically-designed to meet the needs of contractors, freelancers, micro businesses and the accountants they work with. More than 60,000 customers currently use the award-winning system to manage and maintain their business accounts, track time, log expenses, create and send invoices, forecast their tax bills and file their Self Assessment and VAT returns directly to HMRC.

FreeAgent won the Best SME Accounts/Bookkeeping category at the 2017 AccountingWEB Software Excellence Awards and is a former winner at the British Accountancy Awards. The company is a FCSA partner and has been listed twice on the Deloitte Fast 50, as well as being named "one to watch" in the Tech Track 100.

Since November 2016, FreeAgent Holdings plc (AIM: FREE), has been a quoted company listed on AIM, a market operated by the London Stock Exchange.