Incoming CFO brings wealth of knowledge to maximize STRATIS’ exponential growth.
PHILADELPHIA, Pa. – August 20th, 2020 –As STRATIS, PropTech industry leader continues to dominate at the cusp of exciting Multifamily IoT innovations, Liyan Shen joins as the Chief Financial Officer, with ten years of experience in financial leadership, focused on entrepreneurial, high-growth companies.
Shen’s deep expertise includes experience with startups and PE-backed portfolio companies. Her most recent experiences include launching an e-commerce startup with strong recurring revenues and growing an innovative educational organization. She joins the team at a pivotal time where her insight and guidance will be invaluable to scale the business to the next level.
Felicite Moorman, CEO and CoFounder of STRATIS, said, “To say we’ve been trying to fill this role for some time would be an understatement. Our need to hire for the highest intellectual prowess and an understanding of and ability to deliver exceptionally nuanced financial strategies in a nascent market, proved a daunting task for our Leadership Team. Liyan brings all of these capabilities and so much more to STRATIS, including a tremendously strong add to our culture. I am simply thrilled.”
Shen said, “IoT software solutions are poised to grow rapidly as hardware integrations become cheaper and more widely available, which in turn makes real-time analytics possible and valuable for maximizing business efficiencies. STRATIS is uniquely-positioned to capture much of this growth by capitalizing and monetizing solutions in the multi-family sector. I have always enjoyed growing businesses by bringing financial and strategic insight and stewardship. I am super excited about the opportunity to drive our business forward with the existing team.”
Shen joins the company on the heels of major recent milestones, including STRATIS making Inc. Magazine’s prestigious Inc. 5000 list for the 3rd year in a row. This recognizes the country’s fastest-growing private companies, and calculated STRATIS’ growth rate as 710.46%. Placing 3 times on the list confirms the company’s position as the industry leader, and is an honor that only 1 in 8 companies that rank on this list claim.
Additional recent milestones include STRATIS’ deployment in 1 in 5 new developments in the U.S. in 2019. The company continues to take advantage of this momentum by forging strategic international partnerships with U.K. specialist Internet Service Provider ASK4, Japanese telecommunications operator KDDI, and launching STRATIS Sustain for intelligent building resource monitoring.