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Business in Vancouver January 4-10, 2005; issue 793
Barry Yates
President and CEO, Antarctica Systems Inc.
Age: 39
For Barry Yates, creating a vision and moving toward its realization is one of the things he loves most about his work.
"I just think it's such a big challenge," Yates said. But if it's done right and the team gets rallied, "the payoff is tremendous."
Indeed, since he became the president and CEO at Antarctica Systems Inc. in June 2002, Yates and his colleagues have pursued a vision that saw the software firm change its focus.
"It's been an exciting ride," Yates said. "It's been a big challenge and now we're starting to see the results of that."
The company's software, Visual Net, was positioned as a search and discovery tool in the area of knowledge and content management.
However, Yates and his team felt that the visualization software could be used to address a need in business intelligence. The repositioning took place in late 2003. Now, Visual Net helps companies sift through reams of data to improve decision-making.
The software is aimed at day-to-day business users and executives, and presents information in a manner akin to a map. A user can drill down for more detailed information.
Antarctica now has about 25 customers, mostly in the U.S. Yates wouldn't provide figures, but said the company has enjoyed triple-digit revenue growth this fiscal year.
Since Yates came on board, the employee base has grown from seven to 27. Earlier this year, the company raised third-round funding worth $4.2 million.
Before joining Antarctica, Yates was the senior vice-president of worldwide sales and marketing at Delano Technology Corp. He was also a senior management consultant at BearingPoint, Accenture and Bain & Co.
Profession you would like to try: Professional golfer
Where do you feel most comfortable? At home with my kids
Favourite movie: Usual Suspects
Currently reading: Tropic of Night
Toughest decision: Letting people go that I respect
Car: BMW M5
Would most like to meet: Winston Churchill
Where Born: Toronto
Last CD bought: Echoes, by Pink Floyd
Education: B.Comm (honours, with distinction), Queen's University
What's left to do: Continue to build a great company
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