Raomal Perera is a veteran of multiple entrepreneurial ventures and an adjunct professor of entrepreneurship at INSEAD where he currently teaches and studies entrepreneurship, innovation and the management of rapidly growing companies.
Raomal is an educator and loves to work with entrepreneurs. However, his primary role is helping established businesses make innovation work. He uses an interesting mix of his hands-on experience of building successful companies and the more recent experience of academia and research in helping companies GET, KEEP and GROW their customers, using a number of highly effective tools and processes.
Raomal has over 30 years of experience in the IT, Communications and related technology industries. He is a serial entrepreneur having co-founded two technology companies and is one of a handful of Irish entrepreneurs to have taken a company public on NASDAQ (ICOR).
Raomal co-founded ISOCOR and was the Senior Vice President of Engineering and listed as one of the two ‘key employees’ in the listing documents when it was floated on the NASDAQ in 1996. The company was subsequently acquired by Critical Path in 1999.
He then founded Network365, a provider of merchandising, payments, settlement solutions and managed services. The company acquired US company iPIN in 2003 and rebranded to Valista. Valista which was a leader in developing mobile payment technology was acquired by Aepona in 2009 and Aepona was acquired by Intel in 2013.
Raomal has experience in setting up off-shore engineering facilities and developing products across multiple regions. He has an extensive international network of contacts, having built global companies, with a vast geographical footprint. Raomal raised over €27 million to create Network365/Valista, set up overseas offices across the globe from East (Japan) to West (USA) and grew companies through acquisitions, partnerships and entering new markets. Raomal is currently an Adjunct Professor in the Entrepreneurship Department at INSEAD.
INSEAD is listed as one of the top five business colleges in the world by the Financial Times. Raomal lectures on business planning, fundraising, leadership using your emotional capital and customer development using lean methodologies. Raomal has been a guest speaker at the University College of Dublin (UCD), Trinity College, Dublin, Queen’s University Belfast, Cartier Women’s Initiative Programme (Paris), Google Marketing Academy and Salesforce.com, and at a number of international conferences. He is on the Advisory Board of SLASSCOM (Sri Lanka Association of Software and Services Companies). Raomal also has a keen interest in social entrepreneurship and mentors social entrepreneurs through the Ashoka foundation.
Raomal was the first ever recipient of the Irish Software Association’s (ISA) Outstanding Software Achievement Award in 2003. He was also a finalist in the Ernst & Young ‘Entrepreneur of the Year’ awards.
Raomal was one of 40 entrepreneurs worldwide chosen to the prestigious World Economic Forum (WEF) as a technology pioneer. Headed by Raomal, Valista also won a number of industry accolades, ranging from the Wall Street Journal Innovation GOLD award for business, and the Mobile World Congress Award for the most innovative product.