Falanx Group Limited announced the appointment of William Kilmer as an independent Non-Executive Director and Richard "Rick" Flood as an Executive Director and with immediate effect. William Kilmer is an entrepreneur, venture capital investor, and author who has helped found and invest in dozens of companies around the world over his twenty-five-year career in the technology industry. He is currently a senior advisor for investments and company building at Gallos, an investor in the security technology sector.

He was previously the managing partner of C5 Capital, a specialist venture capital fund investing in cyber security, cloud infrastructure, applied data analytics, and space economy companies until March 2022. He has been founder and CEO of several cybersecurity and data analytics companies, formed a wireless operator in the UK, and has served on the board of several technology companies and other organizations. William previously served as the managing director of Intel Capital, a corporate venture capital fund where he managed European investments and formed a targeted venture fund to invest in the Middle East and North Africa.

William will chair Falanx's audit committee. Rick Flood has been with Falanx Cyber for just over 5 years, becoming its Managing Director in 2019. Since taking responsibility for this division, Rick has been instrumental in driving the transformation from old to new technologies, the division's subsequent return to profitability in H1 FY22, and the current investment in growth.

He is a veteran of the software and technology space and an advocate of SaaS/Cloud adoption for 15+ years. Rick initially trained as an accountant in industry with CIMA and soon switched to the software sector and ultimately to sales and marketing, spanning more than 30 years and a variety of roles including executive positions in both private and public companies. Rick has worked extensively with high growth and early-stage enterprises, predominantly in the software sector.

He has also worked with stakeholders in various corporate recovery roles with undertakings in distress and turnaround situations. His previous AIM experience was with Earthport, Host Europe and Pipex, where he first worked with Mike Read.