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Dr Terry O’Brien, CEO of LiDCO, said Clifford had excellent financial and commercial credentials that would play an increasingly valuable role as LiDCO’s next period of growth takes it towards profitability and positive cashflow.

Clifford, 56, qualified as a chartered accountant with Touche Ross (now Deloittes) and has spent over 25 years in growth technology companies. 

He joins LiDCO (LSE:LID) from AIM quoted Civica plc, where he was finance director of its £80 million turnover operating subsidiary, Civica UK Limited, from 2006 until early 2008.

Clifford was group finance director of London Stock Exchange quoted software group Comino Group plc from 1996 until it was acquired by Civica plc in early 2006.

Comino floated on Aim in 1997 and moved to the Official list on 20 July 1999.

In 1991, Clifford co-founded and was a director of BCS Computing Limited, a start up company backed by venture capital funds to invest in vertical market software companies.  BCS was re-organised into Comino Group in 1996.

In addition to these roles, he has held other senior managerial and financial roles, primarily in the software and computing services sectors and has experience in mergers and acquisition, post- acquisition integration commercial contracts, company secretarial matters and risk management.

LiDCO supplies minimally invasive hemodynamic monitoring equipment and disposables.

These are used primarily for the management of hospital patients requiring critical care or at major cardiovascular risk.

LiDCO's computer-based technology significantly reduces the complications - particularly infections - and costs associated with major surgery.

The technology was invented in the Department of Applied Physiology based at St Thomas' Hospital, London.

Related links 

• LiDCO Group Plc