Dec 19, 2019
Cambridge, UK – 19 December 2019 – Cambridge Touch Technologies Limited (CTT), the leading developer of piezoelectric UltraTouch – a multi-force-and-touch sensing technology for smart devices – has appointed Paul Goodridge as its new Chairman of the Board.
The move comes following CTT’s recent oversubscribed $10m Series B funding round. Goodridge succeeds Bob Pettigrew in a planned move as part of CTT’s growth plans.
Mr Goodridge is currently a non-executive director of and adviser to several high-growth technology businesses in the UK and Europe, and earlier in his career was CFO at Cambridge Silicon Radio (CSR PLC), the global fabless semiconductor leader in Bluetooth CMOS. Over eight years, he helped grow CSR to $850m revenues. He led several funding rounds and acquisitions, taking the company public in 2004 on the London Stock Exchange and soon after into the FTSE 250 index.
More recently, Goodridge was CFO and board member at GFI Software, a global SAAS business, where he made several large divestures, including one for over $1b.
At CTT, his role will be to oversee the scale-up phase of CTT’s growth in Asia and other international markets, working alongside the strong group of strategic and global investors.
Corbin Church, CEO and co-Founder at CTT, said: “Paul is a top-notch CFO and executive with deep transactional experience, and a demonstrated track record in growing technology companies. After discussions with several impressive candidates, we found Paul and quickly saw a natural fit with our company and culture – given his leadership and previous success at well-known public and private companies.”
Moray Wright, of Parkwalk Advisors, said: “The Board is delighted to welcome Paul to CTT, and looks forward to his leadership and help in creating another success story. At the same time, the Board would like to thank Bob Pettigrew for all his great work and efforts in helping to progress CTT to the very promising position it commands today.”
Commenting on his new appointment, Goodridge said: “This is an exciting time in the development of CTT and its piezoelectric UltraTouch technology, which promises to make a significant impact in not only consumer devices, but also in automotive and industrial markets. With strong investor support, and leading partners and customers already engaged with CTT, there are excellent growth and strategic opportunities that lie ahead. I’m very pleased to be joining as Chairman at this time.”