Former SAP and Infor Man Takes Over at Unit4: “The Goal is to Reach the One Billion Euro Level”

MIKE ETTLING hands over the helm to SIMON PARIS. One of the major Nordic players in the ERP market, Unit4, is changing CEO. Mike Ettling is handing over the executive leadership to Simon Paris. Ettling has headed Unit4 for almost six years and has led the company to growth, created recurring revenue and established Unit4 as a major global player in cloud-based business systems.
The new boss, Simon Paris, is an experienced business leader with over 25 years in the technology industry, including senior positions at Infor and SAP. He was most recently CEO of Finastra, an international provider of software applications for financial services, where he led the company's transformation and growth strategy to become one of the largest FinTech companies in the world.
Unit4, which has invested heavily in cloud-based applications in recent years, writes in a press release that, "the transition ensures continuity for Unit4 and builds on a proven strategy that has elevated the company to a leading provider of cloud-based business systems for various industries." It is further claimed that the now announced transition has been preceded by careful planning where Ettling, together with the board, collaborated to ensure a seamless handover and continued strong momentum.
It is also clear that under Ettling's leadership, Unit4 has undergone a transformation into a Cloud-first company and achieved significant results in both product innovation and growth. Financially, Ettling points out that recurring revenues now account for 80 percent of the total. This level has been created by long-term organic growth, a functioning strategy for cloud migration and high customer satisfaction, which strengthens the company's reputation as a reliable partner for mid-sized organizations. The specialized, industry-focused applications enable customers to effectively manage their people, projects and operations with efficiency and reliability.
Morgan Seigler, who is an executive at Unit4's main owner, TA Associates, states that they have been very pleased with Mike Ettling's work:
"He has been an outstanding leader and we are grateful for his tremendous contribution. We believe that Simon's leadership, vision and experience will ensure a natural transition and help Unit4's continued success."
Ettling himself says that Simon Paris is an outstanding leader with a proven track record: "Simon Paris has all the qualities required to build on this foundation and lead us towards our ambitious goal of one billion euros in revenue. Over the past few years, we have transformed the company and established it as the industry leader in cloud-based ERP for service industries."