Skkynet Cloud Systems, Inc., a global leader in real-time data communication technology for industrial systems, has announced the appointment of Shaunna Balady to its Advisory Board. Balady, a Managing Partner at Paragon Software Advisors, brings over two decades of executive leadership in mergers and acquisitions, strategic planning, and customer-focused growth within the software and industrial automation sectors. This appointment occurs as Skkynet accelerates its expansion into the Industry 4.0 and Industrial AI markets, positioning the company to leverage Balady's extensive background for its next phase of growth.
Balady's career includes senior leadership roles at major industrial technology firms such as GE, Rockwell Automation, and AVEVA, where she drove global business development and executed complex strategic transactions. She is known for her ability to align strategy, operations, and market execution and is regarded as a builder of cohesive, growth-driven organizations. Throughout her career, she has completed over 100 transactions totaling more than $20 billion in enterprise value across five continents. As a former Chief Operating Officer of an industrial application software company, she also brings significant operational expertise, having successfully led that company to a profitable exit. At Paragon Software Advisors, she currently advises software and high-tech business owners on sell-side and buy-side strategies, details of which can be explored further at https://skkynet.com.
"We are delighted to welcome Shaunna Balady to our Advisory Board," said Gary Tillery, CEO of Skkynet. "Shaunna's track record of generating value through strategic M&A and her deep understanding of the SaaS and industrial software landscape will be invaluable as we scale our operations. Her experience in guiding high-growth technology companies aligns perfectly with Skkynet's mission to become the standard for secure, real-time industrial data connectivity." The company's focus on secure connectivity is central to its role in the industrial sector, addressing the critical challenge of securely connecting real-time data to cloud and AI systems.
"I'm excited to support Skkynet as it accelerates innovation and market growth. Skkynet is uniquely positioned to solve one of the most critical challenges in the industrial sector: securely connecting real-time data to the cloud and AI systems," said Balady. "I have watched the company's technology gain traction among major global players, and I look forward to working with Gary and the leadership team to refine our strategic roadmap and unlock new growth opportunities." This strategic move follows a series of leadership enhancements at Skkynet, including the recent appointment of Gary Tillery as CEO and Lee Tedstone to the Board of Directors, signaling a robust commitment to capturing market share in the rapidly evolving industrial data sector.
The implications of this appointment are significant for the industrial technology landscape. By integrating Balady's expertise, Skkynet is poised to enhance its strategic positioning, potentially leading to accelerated growth, strategic partnerships, or acquisitions that could reshape competitive dynamics in the Industry 4.0 space. For industries reliant on real-time data connectivity, such as manufacturing, energy, and logistics, this could translate into more advanced, secure, and efficient operational technologies. The move underscores the increasing convergence of industrial operations with cloud computing and artificial intelligence, highlighting a broader trend where companies are strengthening leadership to navigate complex technological transitions and capitalize on emerging market opportunities.
