ABERDEEN-headquartered STC INSISO has announced the appointment of a senior technology specialist as its new chairman. Nial McCollam joins the company bringing diverse experience from his previous senior leadership roles, including his most recent position as Chief Technology Officer at Lloyd’s Register.
STC INSISO is a leading provider of risk control and assurance software and services. The chairman appointment forms part of STC INSISO’s recent £2 million investment from BGF which also prompted the appointment of Director, Richard Pugh.
Nial has a background of overseeing the rapid growth and innovation of SME technology companies. His role as chairman with STC INSISO will involve providing strategic input and advice to the expanding team as the business develops its ever-evolving suite of software products, comprising HSE toolkits, web apps and e-learning systems.
Mark Rushton, CEO at STC INSISO said: “We are delighted that Nial was attracted to the role of chairman as part of our recent investment deal with BGF. Nial has vast experience and a directly relevant skill set, which means he is ideally placed to assist us in implementing our ambitious growth strategy.”
Nial added: “I’m thrilled to work with STC INSISO to support their growth ambitions, particularly, building off their strength in providing services and software that help businesses reduce the risk of unintended consequences in their operations. STC INSISO’s commitment to innovating risk reducing and performance enhancing solutions is much needed as businesses across multiple industries face increasing risks and complexities within their operations.”
STC INSISO’s products span culture, safety, and solutions to improve business processes and performance, and are widely trusted and utilised across industries including oil and gas, construction, marine and utilities. The company’s annual revenue for 2022 was £4 million and that figure is predicted to grow significantly over the next two to four years following the investment received from BGF in February.
