M Squared Lasers has announced two new director appointments as it looks to build on “a hugely successful” 2012.
David Vettese joins the Glasgow-based technology firm as sales director from Forth Dimensions Displays Ltd whilst Chartered accountant Alan Porter, who spent nine years with PwC, joins the company as finance director. More recently, Porter has worked with software manufacturers Graham Technology and Sword Ciboodle.
“David and Alan join us at an exciting stage in the development of the business. That we were able to attract candidates of such a high calibre is testament to the success we have enjoyed in the last 12 months. David brings with him a fantastic record of success and a proven ability to develop international sales operations, which will be invaluable as we seek to grow our own sales team in the USA, Asia, and in particular, Europe.
“Alan is a hugely respected CA who has both in-house and advisory experience. Both his knowledge and commercial acumen precede him, and he will be a hugely successful addition to the team here in Glasgow.”
M Squared Lasers, a developer and manufacturer of next-generation lasers and photonic instruments for a range of sectors, was established in 2006 by business partners Graeme Malcolm and Gareth Maker. The company has recorded growth of more than 1,600 per cent over the past five years and was one of five Scottish firms to feature in the 2012 Deloitte Fast 50 list of the UK's fastest growing technology firms.
In May 2012, BGF invested £3.85 million in M Squared to help it pursue high growth opportunities in the defence and medical industries for its Firefly laser product.