Data firm sells stake to entrepreneur

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A fast-growing data management company has sold a minority stake in its business to a technology entrepreneur.

Ryan McCarry has been appointed chairman of Oriium after buying a 14 per cent shareholding in the Wetherby company.

He sold his Harrogate-based internet infrastructure business, Sleek Networks, to IT service provider Adapt in 2013.

Oriium was founded by Chris Kiaie in 2007.

The company now has 35 members of staff and a turnover of £4m.

It has been ranked as one of Deloitte UK’s top 50 fast-growing technology businesses for the last two years.

Mr McCarry will work with the team on strategic acquisitions. The company aims to hit the £10m turnover mark in the next three years.

He said: “It is a huge privilege to be a part of the next stage of Oriium’s growth and I’m really looking forward to the journey ahead.

“This is a great opportunity to work with an incredible team with an outstanding industry reputation.

“Given the growth of the business and success that Chris has created to date, I believe that Oriium will be the go-to provider to the channel market in the UK.”

Mr Kiaie added: “Oriium is at an exciting stage in its development and we are really pleased to have Ryan on board as chairman.

“His experience and roles to date have given him the attributes to help shape high quality businesses that meet and exceed customer expectations.”