Canada: Vacation rental property management software Hostaway has hired veteran SaaS [software-as-a-service], data and media company CFO, Ashley Milton, to support its next phase of growth.
With more than 20 years of experience spearheading senior management and finance teams across diverse global markets, including EMEA, North America and APAC, and with significant M&A [mergers and acquisitions] transaction experience, Milton will support Hostaway as CFO as it transitions to the next phase of its growth.
Milton’s previous experience has included CFO roles at the Tellant Group, DAZN, Stats Perform and WPP.
Marcus Rader, co-founder and CEO of Hostaway, said: “With his more than twenty years of commercial and strategic experience, we are excited to welcome Ashley to the executive team as Hostaway transitions into the next phase of our growth journey. Ashley has substantial proven international experience across B2B and B2C digital, marketing services, technology & SaaS platforms, and fully understands the changing needs of a business as it scales.
“This will be critical for us as we continue to grow at pace to lead the global short-term rental software market and provide excellence for our customers, partners, team and shareholders,” he added.
In May, Hostaway announced one of the largest investments in global vacation rental technology to date, worth $175 million, and the company says that it is on target to achieve annual recurring revenues of $100 million.
Milton, the new CFO of Hostaway, said: “Hostaway is the fastest growing software company in the short-term rental and hospitality software space, and I’m excited to help steer the company’s expansion as we focus on accelerated growth drivers to deliver even greater sustainable scale and profitability. The international vacation rental space is full of possibility, and the opportunity worldwide for Hostaway to capture more of the property management market share remains colossal.”
Hostaway’s Finnish leadership team, made up of co-founders Marcus Räder, Saber Kordestanchi and Mikko Nurminen, were recently named in International Hospitality Media’s [IHM] 2023 ones to watch in travel, hospitality and real estate. The trio were recognised for positioning Hostaway on its growth trajectory, masterminding one of the largest funding rounds for a software solution in May and lining up major partnerships / integrations with Airbnb, Google and Homes & Villas by Marriott Bonvoy.