June 17, 2019
Mad Monkey today announces the appointment of Mark Harris as an Advisory Board Member.
Mark has over 30 years of international financial experience with both public and private companies. He will assist the Mad Monkey senior management team to manage and fund the company’s continued rapid expansion in South East Asia and beyond.
Mark has been Chief Financial Officer at a number of growth companies undertaking funding, sale and IPO transactions totaling well over half a billion dollars. Most recently he spent 4 years as Chief Financial Officer of the rapidly growing, anti-malware company, Malwarebytes, which grew to over $100 million in revenue and raised $50 million from Fidelity during his tenure.
At network management software company Nimsoft, Mark oversaw bookings growth of 700% and two funding rounds led by Goldman Sachs and JMI Equity before helping to deliver Nimsoft’s near $400m acquisition by CA Technologies. As Chief Financial Officer of Riversoft Plc., he helped to grow a 16-person start-up to a successful $150m IPO lead by Morgan Stanley. Mark’s LinkedIn.com profile link can be viewed here.
Steve Vaile, Chairman at Mad Monkey, commented:
“Having worked with Mark previously, I am delighted that we have such a competent and professional advisory board member contributing to the success and continued growth of the company in new international markets. As Mad Monkey expands our global footprint and market-leading position in the Asian youth hospitality sector, Mark will advise us to ensure we are delivering the best returns to all of our stakeholders, including our shareholders, our communities, and the Mad Monkey team.”
Mark Harris said:
“The global hospitality industry is changing. A significant segment of travelers want to enjoy a more remote and nomadic lifestyle, embracing local interactions and social responsibility whilst still enjoying good service.
The Mad Monkey team has built a fiscally responsible business that has been successfully delivering on and refining these requirements for many years. It is now South East Asia’s leading operator in this space. Mad Monkey’s team have already proven they have the skills to identify and add new properties that generate a rapid ROI to their South East Asian portfolio. Furthermore, they have done it using very little external investment, whilst maintaining a profitable business.
I’m excited to be able to help the team tap into new opportunities and leverage them to consolidate and accelerate the growth of the business.”
About Mad Monkey Hostels
Mad Monkey Hostels is the leading provider of youth travel and accommodation services in South East Asia, operating 15 properties in Cambodia, Thailand, Philippines, Indonesia, Laos & Australia the company currently serves over 500,000 customers per year by delivering a leading social experience for Millenial and Generation Z Travelers.
Mad Monkey is a socially responsible company that actively contributes 1% of its revenue back to its local communities by funding clean water projects, education projects and other projects that reduce poverty and improve living conditions in the communities where Mad Monkey operates.