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 Phocas Software has as named David Boorman as CFO. The Australia-based software company said Boorman, who joined the company in October 2019, managed Phocas’ fund round of about $34 million (AU $45 million), which closed in April.

The company is using the proceeds to bolster a product development hub in Christchurch, New Zealand, and add 40 more software engineers, including machine learning specialists, by year-end. Phocas markets analytics and budgeting and forecasting products, among other applications. From July 2017 through March 2019, he performed the CFo role on an outsourced basis for Symbiotic Nexus and other companies. He concurrently worked at Network 10 from November 2015 through May 2018.

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