Simon Jesenko Joins Iceotope Technologies as Chief Financial Officer

LONDON, June 13, 2023 — Iceotope Technologies Limited (“Iceotope”), the global leader in precision liquid-cooling technology, has announced the appointment of Simon Jesenko, as Chief Financial Officer. Recognised for his track record in successfully scaling fast-growing international SMEs, Jesenko joins the company from predictive maintenance specialists Senseye, where he oversaw the company’s acquisition and successful integration into Siemens, Europe’s biggest industrial manufacturing company.

While at Senseye, Simon Jesenko fundamentally transformed the organization’s finance function, focusing on SaaS-specific financial reporting and forecasting, changing pricing strategies to align with customer needs and market maturity, as well setting up the structure required for rapid international expansion and leading various funding activities (equity and debt) on the way towards an eventual exit.

David Craig, CEO, Iceotope Technologies said, “Simon is an accomplished CFO with an impressive track record of preparing the ground for corporate growth. His appointment is most welcome. He joins us at a time when the market is turning to liquid cooling to solve a wide range of challenges. These challenges include increasing processor output and efficiency, delivering greater data center space optimization and reducing the energy inefficiencies associated with air-cooling to achieve greater data center sustainability. Simon is a dynamic and well-respected CFO, with a clear understanding of how to optimize corporate structures and empower improved financial performance company-wide through the democratization of fiscal data.”

Simon Jesenko said: “We find ourselves at a pivotal moment in the market, where the pull towards liquid cooling solutions is accelerating as a result of two key factors: a) sustainability initiatives and regulation imposed by governments and b) increase in computing power to accommodate processing-intensive applications, such as AI and advanced analytics. Iceotope’s precision liquid cooling technology is at the forefront of existing liquid cooling technologies and therefore places the company in a unique position to seize this huge opportunity.”

“My focus is going to be on delivering growth and financial performance that will increase shareholder value in the years to come as well as building a robust business structure to support this exponential growth along the way.”

Iceotope would like to thank Georgina Worden, at Upscale Partners for sourcing both Simon Jesenko and Nathan Blom, Iceotope’s new Chief Commercial Officer.

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Iceotope’s chassis-level precision immersion cooling solutions are engineered to cool the whole IT stack, in every use case, from Hyperscale to the Extreme Edge. By removing the need for fans and air-cooling infrastructure, Iceotope’s technologies operate in near silence — bringing game-changing reduction in energy and water consumption, and significant cost reductions in the design, build and operation of data centers. For more information, visit: www.iceotope.com

Editor’s Note; Iceotope recent events

In 2022, Iceotope closed an important £30m funding round from a global investment syndicate led by Singapore impact private equity firm ABC Impact. Iceotope’s environmentally efficient technology reduces the energy and water required to cool data center servers, making a significant contribution toward the achievement of 2030 net-zero emission goals by the data center industry. According to recent research, the global data center liquid cooling market is forecast to grow at a CAGR of 24.8%2 o $6.4 billion by 2027.

In the last 18 months, Iceotope has been widely recognized for innovation with Edge Computing Product of the Year DCS Award 2021, Data center Magazine Top 10 Most Innovative Cooling Companies, STL Partners 100 Edge Companies to Watch 2022, and most recently Electrical Review and Data center Review Excellence Awards in London winning Data center Design & Build Product of the Year and Data center Cooling Product of the Year 2022.