SPARESFINDER CO-FOUNDER AND FORMER CEO JOINS NET RESULTS GROUP’S ADVISORY BOARD

News

David Stroud to immediately impact Net Results Group’s footprint in the global MRO marketplace                                                                                                               

Louisville, KYFebruary 13, 2024 - Net Results Group, a leader specializing in MRO master data management for over twenty-five years, announced today that David Stroud, sparesFinder co-founder and former CEO has joined the company in a senior advisory capacity.

“Having David Stroud join our Advisory Board is a testament to our Company’s state of the business, R&D focus, and overall renewed vigor in the MRO marketplace,” commented Lance Gilbert, Managing Partner, Net Results Group. He added, “David brings decades of experience in technology complemented by a proven track record of leadership and management skills. His expertise in MRO and master data management will be invaluable.”

"I am truly excited to become a part of the Net Results Group Advisory Board, a company that reflects innovation, commitment, and a revitalized approach to the MRO landscape," commented David Stroud, co-founder and former CEO, sparesFinder. He added, "Net Results Group's dedication to advancing technology and their strategic emphasis on research and development perfectly aligns with my vision for enhancing excellence in the MRO marketplace. I eagerly anticipate leveraging my extensive experience in technology and leadership to contribute to the continued growth and success of Net Results Group."

Formally based in London, sparesFinder provided their clients with a cloud-based software platform and supporting services that allowed them to standardize, govern, enrich, find, and leverage their MRO master data across multiple business systems and in multiple languages.

Today, organizations are suffering from poor data quality causing unplanned production downtime, increased procurement costs, higher inventory levels, and compliance failures.

Approximately 67% of MRO materials purchased will never be used, 52% of MRO inventory typically does not move in a 3- year period, and 22% of maintenance personnel cannot locate

the right materials because of inaccurate MRO master data.

 

About Net Results Group

Net Results Group, LLC is a technology-focused software and services firm with a comprehensive offering for significantly improving MRO master data. The firm’s unique combination of asset expertise, reliability services and tools – including its cloud-based MRO3i™ technology suite – helps asset-intensive organizations make intelligent use of their data. http://www.netresultsgroup.com

 

For media inquiries, please contact:

Alexa Hurban

ahurban@netresultsgroup.com

February 13, 2024