6th April 2020, Chesterfield: InVMA is delighted to announce that Sarah Payne, formerly Non-Executive Director of InVMA Limited, has become the Non-Executive Chairman, succeeding Bruce Leith who has retired from InVMA’s Board. In addition, Matthew Scherba will join the InVMA board as a Non-Executive Director.

Sarah has been on the InVMA Board since the investment by Tern PLC, of which she is Finance Director, in September 2017. She qualified with Ernst & Young as a Chartered Accountant before joining its corporate finance team. She then spent six years with the BBC, firstly within commercial and investment strategy and then as Head of Financial Planning and Analysis. For the seven years before joining Tern PLC, Sarah was an outsourced Finance Director for SME businesses principally within high tech markets.

Matthew has over 25 years of international executive management experience covering the full technology lifecycle, focused on strategy and commercial development, including investment and NED roles. He is a life-long entrepreneur with experience creating, building and scaling early stage technology businesses. He has founded, run and invested in early stage companies across Internet of Things (IoT), including software, hardware, mobile, AI, machine learning, and blockchain.

InVMA has many strengths, including its great people, its product AssetMinder®, its unique IT and OT expertise and extensive partner network. I look forward to working with Pat Nash, our Chief Executive Officer and Matthew Scherba, our new Non-Executive Director, and the InVMA senior management team as we lead the way helping industries embrace IoT and Industry 4.0 technology. Since Bruce joined two and a half years ago, we have experienced significant growth and we would like to thank him for his guidance and support during this exciting period.

Sarah Payne

I am excited to join the InVMA Board and look forward to contributing my experience, and Industry 4.0 global network, towards their exciting growth opportunities on both the consultancy and AssetMinder SaaS product sides of the business.

Matthew Scherba

Both Sarah and Matthew have substantial experience at a senior level across a number of sectors and I am delighted that they are both part of the board. Sarah’s familiarity with InVMA will ensure a clear focus and Matthew’s new perspectives and insights will add further value to the company.

Pat Nash

About InVMA

InVMA help companies, organisations and people prosper from the convergence of the digital and physical worlds.

We provide IoT products and build bespoke solutions to enable our customers to disrupt their market, find new revenue streams and reduce their operating costs quickly and with low risk.

About Tern PLC

Tern provides venture capital to exciting, high growth IoT innovators in Europe.

We provide more than just funding. We provide support and create a genuinely collaborative environment for talented, well-motivated teams. We empower business owners to fulfil their potential for fast growth, market leadership and strong exit multiples.