Forecast, the leading AI-native platform for project and resource management, today announced the appointment of Sohaib Abbasi as Chairman. This appointment follows the recent Series A funding round, capping a year of unprecedented revenue growth exceeding 300%.
Abbasi has an illustrious career in the software industry, helping iconic businesses grow from disruptors to industry leaders. Abbasi helped Oracle grow from a 30-person start-up in 1982 to a $9 billion, multinational corporation by 2003. From 2004 to 2015, as Chairman and CEO, he helped grow business five-fold at Informatica, the cloud data management leader.
Abbasi brings a wealth of leadership experience, technology insights and business acumen to help the Forecast leadership team successfully master the next phase of growth.
Sohaib Abbasi said of his appointment: “With a track record of innovation and customer success, Forecast is well-positioned for sustained growth. By unifying information on projects, resources and finances, Forecast is pioneering a new technology category: the system of intelligence for project-based companies. I am thrilled to join the Forecast team on this exciting growth journey“
Dennis Kayser, CEO & co-founder at Forecast said: “We’re delighted to welcome Sohaib to the Forecast team. His incredible experience growing software companies into billion dollar industry leaders makes him the perfect person to help guide Forecast in our next important stage of rapid scaling. With his guidance, we are well-prepared to build upon last year’s massive growth and to expand our market opportunity through continuous innovation.”
Founded in 2016, Forecast is an AI-native Project & Resource Management platform built to connect people, projects, and profit. Forecast’s proprietary AI-native platform represents the most advanced technology ever applied to managing projects, resources and finances. Businesses can now automate busywork, predict outcomes, guide projects to success, and most importantly empower every team member to do their best work.
Companies including Red Cross, Distributed, O2 Web and PeakActivity use Forecast to unify project operations and increase profitability.
Investors include Balderton Capital, Crane Venture Partners, Heartcore Capital and SEED Capital.