Tim Reed

Chairman

Tim currently serves as Interim CEO of Nitro and Managing Director of Potentia Capital, an Australian private equity firm that invests in and grows local software businesses. He is President of the Business Council of Australia (BCA), a role he assumed in 2019, having sat on the BCA Board since 2017. Tim is also a Non-Executive Director of Transurban Ltd.

Prior to assuming these roles, Tim spent 12 years as CEO of MYOB, a leading provider of online accounting, payroll and tax solutions to SMEs and their advisers. During Tim’s tenure, MYOB was regularly named as one of Australia’s most innovative companies, was awarded the prestigious Canstar award for a best in category product, doubled team engagement, and saw small business subscribers grow eightfold to over 800,000 and enterprise value grow sixfold to over $2.5bn.

In earlier years, Tim’s career spanned the markets of Asia, Europe and the USA, including eight years in Silicon Valley. During this time, Tim was a Founding Member of the Internet Advertising Bureau where, along with other internet pioneers, he wrote the first set of advertising measurement standards for the web.

Tim holds a Master of Business Administration from Harvard Business School, where he graduated as a Baker Scholar, and a Bachelor of Commerce from the University of Melbourne, where he graduated with first class honours in Economics.

Tim joined Potentia as Chair of the Advisory Board in 2016 and then in a full-time capacity in 2020. Prior to Potentia, Tim spent 20 years in operational management roles in software businesses, including most recently 12 years as the CEO of MYOB, a leading, Australian provider of online tax, accounting and business management solutions to small and medium businesses and accountants in public practice. Over this time, Tim led the business through two successful periods of private equity ownership, including working with Andrew Gray when MYOB was majority owned by Archer Capital. Tim is also currently the President of the Business Council of Australia.

Andrew Gray

Non-Executive Director

Andrew Gray joined Nitro’s Board of Directors in March 2023 as a Non-Executive Director.

Andrew brings with him over 30 years of experience across private equity, Board roles, M&A.

Andrew Gray is currently Co-Managing Director of Potentia, which he founded in 2014, with the vision to build a private equity franchise focused solely on investing in software, technology, and tech-enabled services businesses.

Andrew currently serves as a Director on the Boards of Micromine, Education Horizons Group, Linkly, and is Chairman of SuperChoice. Until its sale to Ceridian in early 2021, he also served as Executive Chairman of Ascender (formerly Talent2 HRMS). He also serves on a range of philanthropic and social impact ventures, including the Synchrony Foundation, which funds a range of social impact activities, including a focus on charitable areas dealing with woman's issues.

Prior to founding Potentia, Andrew Gray was a Managing Director of Archer Capital, a leading Australian private equity firm with A$3bn of funds under management, having joined that firm in 2008. Andrew Gray led the highly successful acquisition and divestment of MYOB, and more recently, he directed the acquisition of V8 Supercars. He also served as a Director of iNova Pharmaceuticals.

Andrew Gray holds a bachelor’s degree with First Class Honours in Aeronautical Engineering from the University of Sydney, and a Master of Business Administration from Harvard Business School.

Michael McNamara

Non-Executive Director

Michael McNamara joined Nitro’s Board of Directors in March 2023 as a Non-Executive Director.

Michael brings with him over 15 years of experience across private equity, Board roles, M&A and as a part of the Ascender management team.

Michael currently serves as a Partner at Potentia Capital and was a founding member of the team in 2015. In his role at Potentia, Michael focusses on growth and buyout investments in B2B software and tech-enabled services providers.

Michael previously served as GM of Growth and Strategy at Ascender, Investment Manager at Archer Capital and in the investment banking division of UBS.

Michael currently serves on the Boards of EstimateOne, Micromine, NewBook and rex.

Michael holds a Bachelor of Law (Distinction) and Bachelor of Commerce (1st Class Honours) from the University of Western Australia.