Jay Bhatt – new CEO of M-Files

M-Files, a leader in knowledge work automation, has named Jay Bhatt as its new CEO. Jay Bhatt, a veteran of leading and developing software companies, has previously served as CEO of both private and public companies such as Alfresco Software, Blackboard and Progress Software. He also held a senior role at Autodesk where he was responsible for the architecture, engineering and construction business area.

The appointment comes in connection with the completion of a major restructuring of ownership, led by Haveli Investments and Bregal Milestone – two private equity firms focused on software and technology. Jay Bhatt also contributed to the transaction through his own investment firm, CrossParadigm Capital.

M-Files former CEO and founder, Antti Nivala, is moving into the role of Chief Innovation Officer. There, he will continue to drive innovation within the company's automated platform. knowledge work. He will also retain his role as Chairman of the Board and work with strategic guidance.

“Twenty years ago when we founded M-Files, our goal was to help people and businesses work smarter. I am proud of the work we have done to enable our customers to make tangible progress toward that goal. As we enter the next phase of growth, we are now in a strong position with the right team in place to capitalize on a huge market potential,” says Antti Nivala.

– The ways we collect and uses knowledge to develop at an unprecedented pace. M-Files is uniquely positioned to help organizations transform how they manage, access, and leverage their information. This boosts productivity and enables informed decisions. I would like to thank Antti and the team at M-Files for their hard work and dedication that has built a market leader. I look forward to working with our new investors and management team to take M-Files to the next level,” says Jay Bhatt.

The new ownership structure, led by Haveli Investments and Bregal Milestone, became official on 29 November.