Cristóbal Conde becomes Senior Advisor to Lifescale Limited following investment
Lifescale Limited (“Lifescale”) is pleased to announce an investment from Mr. Cristóbal Conde, an active early-stage investor and former President and CEO at SunGard, a leading global software provider to the financial services industry. Mr. Conde will become Senior Advisor and Mentor to the board and management of Lifescale.
The investment from Mr. Conde comes at an exciting time for Lifescale as they prepare to launch their “Envizage” platform in the UK, which for the first time ever allows consumers to identify, understand and manage the risks to their future plans and aspirations.
Lifescale met Mr. Conde through their participation in the 2017 FinTech Innovation Lab London, a mentorship programme developed by Accenture that connects startups with senior bank and insurance executives to help them fine-tune and develop their technologies and business models.
Vinay Jayaram, co-founder and CEO of Lifescale, said: “With his vast experience, Cris Conde truly understands the ability of technology to transform the financial services industry. Cris saw in our analytics the power to redefine the way the industry serves its customers, placing their products and solutions into a human context. When Cris approached us about an investment, we were delighted. Cris’s experience, network and mentorship will have a material impact on us, helping us secure additional clients, refine our proposition, and scale. This is an important validation moment for our company and our vision.”
Mr. Conde said: “Through the years, I have had the opportunity to work with numerous startups. Lifescale’s mission is one of the more ambitious and impactful ones I’ve seen. Its unique analytic platform has the potential to align the financial services industry with its customers’ futures. With PSD-2, GDPR and Open Banking around the corner, Lifescale offers its clients the opportunity to transition to a new customer-centric future. I’m delighted to join them on their journey.”
About Lifescale Limited
Lifescale Limited, trading under the name “Envizage”, develops simulation-based analytic software that helps consumers identify, understand and manage the risks to their future plans. Lifescale partners with banks, insurance companies and asset managers to create unique applications powered by its analytic platform, which are made available to the customers of Lifescale’s clients. Lifescale’s mission is to enable individuals and households to improve their future and manage the uncertainties that lie ahead. (www.envizage.me)
About Mr Cristóbal Conde
Mr. Conde is an active investor in early-stage companies, where he focuses on mentoring the management team to help them scale. He is a senior member of the Partnership for NYC’s FinTech Lab, an intensive program that helps growth hi-tech companies scale up. He is also Senior Mentor at the London FinTech Innovation Lab.
His current investments include Calastone Ltd, where he serves as chairman, and Centripetal Networks, Digital Asset Holdings, Digital Reasoning, and OpenGamma, where he is a board member. Recent exits include the sale of Whiptail Inc, where he was chairman, to Cisco in 2013, and the sale of True Office, where he was executive chairman, to the New York Stock Exchange in 2014.
Mr. Conde is also a senior advisor to Accel Partners in London, TPG Capital, and to Teneo Holdings. He is also on the board of the College of Mount Saint Vincent, and on the board of Friends of Universidad Católica de Chile. He is a partner at the Partnership for New York City, and a member of the Centennial Society of The Economic Club of New York.
Cristóbal Conde stepped down as SunGard’s President and CEO in May 2011, a post he had held since 2002. At the time of his departure, SunGard had revenues of $5.6 billion, employed 26,000, was ranked #380 on the Fortune 500 list, and was the largest privately-held business software and IT services company in the world. In 2005 Mr. Conde led the $11.3 billion LBO of SunGard, at the time the largest tech LBO of all time, winning the “Deal of the Year” award.
Prior to joining SunGard, Mr. Conde co-founded Devon Systems, which was acquired by SunGard in 1987. At the time, Devon Systems specialized in risk management and record- keeping systems for the interest rate and currency derivatives markets. Mr. Conde grew that business to a $300 million revenue division before being promoted to run SunGard as its CEO. SunGard had revenues of $800 million at the time. Born in Santiago, Chile, Mr. Conde is a U.S. citizen and holds a B.Sc. in Astronomy and Physics from Yale University.