Steve Cakebread Joins Mews Board for Strategic Growth Insights

Exciting Board Appointment at Mews

Mews, an influential cloud SaaS and fintech platform tailored for the hospitality sector, has made headlines with the recent addition of Steve Cakebread to its board. This move is anticipated to significantly influence the company's trajectory as it seeks to expand its market presence.

Who is Steve Cakebread?

Steve Cakebread is highly regarded in the tech industry, known for steering financial teams through successful IPOs for renowned companies like Salesforce, Pandora, and Yext. His extensive experience makes him a valuable asset for Mews as the company embarks on its ambitious growth plans.

Proven Success in the Industry

With a rich background, Cakebread has also held prominent positions: he served as the CFO at Autodesk and worked with Silicon Graphics and Hewlett-Packard in various financial capacities. His expertise in governance and team-building will be crucial as Mews aims to solidify its leadership in the cloud hospitality space.

Aiming for Exponential Growth

According to Matt Welle, the CEO of Mews, Steve’s renowned capital markets experience will be invaluable for driving Mews’ growth journey. Welle emphasized the importance of Cakebread's understanding of accountability and team dynamics at such a pivotal time for the company.

Founder's Perspective

Richard Valtr, the founder of Mews, echoed this sentiment, highlighting Steve's seasoned leadership and experience in guiding financial teams. Valtr believes that Cakebread's strategic insights will be essential in navigating Mews' next chapter and supporting its aggressive growth objectives.

Unicorn Status and Healthy Expansion

Mews has achieved remarkable milestones, including reaching unicorn status with an impressive valuation exceeding $1.2 billion. Over the past year, the company has seen an astounding 250% increase in its customer base, coupled with over 25 million check-ins across hotels globally. This growth is a testament to the robust demand for Mews’ innovative solutions in hospitality.

New Financing for Growth Initiatives

Recently, Mews secured an additional $100 million in financing from Vista Credit Partners. This influx of capital is expected to support both organic growth and potential acquisitions through Mews Ventures, further enhancing its capabilities in the market.

Capitalizing on Market Opportunities

The hospitality software and payments market presents Mews with substantial opportunities, valued at over $20 billion. The company is well-positioned given its over 1,000 integrations on its platform, allowing hoteliers to customize their technology solutions effectively.

Expertise in Change and Innovation

With a dedicated team focused on continuous product development, Mews is committed to transforming the guest experience and optimizing hotel operations. Cakebread's addition to the team is expected to accelerate this transformation, ensuring Mews remains at the forefront of industry innovation.

Mews' Distinguished Clientele

Trusted by some of the most innovative brands in hospitality, Mews empowers over 5,500 customers across more than 85 countries. The platform's ability to streamline operations has garnered recognition, including awards for being the best Property Management System (PMS) for multiple consecutive years.

Frequently Asked Questions

What role will Steve Cakebread play at Mews?

Steve Cakebread will bring his extensive IPO experience and strategic insight to Mews' board, enhancing the company's growth strategies.

Why is Cakebread's appointment significant?

His proven success in leading financial teams through IPOs and his deep understanding of capital markets make him a key asset for Mews at this stage.

What milestones has Mews achieved recently?

Mews reached unicorn status with a valuation of over $1.2 billion and experienced a significant increase in its customer base and check-ins globally.

How will new financing benefit Mews?

The $100 million funding from Vista Credit Partners will fuel Mews' growth initiatives, including organic expansion and potential acquisitions.

What awards has Mews received?

Mews has been recognized multiple times as the Best PMS and listed among the Best Places to Work in Hotel Tech by various industry awards.

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