Appointment strengthens financial leadership as iBase-t builds on private equity backing to expand its AI-native digital manufacturing and sustainment platform for aerospace and defense.
LAKE FOREST, Calif., Oct. 7, 2026 /PRNewswire/ — iBase-t, a leader in digital manufacturing and sustainment software solutions for aerospace and defense, today announced the appointment of Andrew Varghese as Chief Financial Officer. Varghese joins as iBase-t accelerates investment in its platform, deepens AI capabilities, and positions the business for continued growth across the aerospace and defense market.
As aerospace and defense manufacturers scale production and modernize operations, iBase-t sees a significant opportunity to expand its role in the industry. For nearly four decades, the company has developed purpose-built software for the complex requirements of aerospace and defense manufacturing and maintenance, repair and overhaul (MRO). Its combination of deep domain expertise, mission-critical customer relationships, and expanding AI capabilities positions iBase-t for its next phase of growth.
Varghese brings deep experience in strategic finance and value acceleration having served as a senior private equity investor and operating executive for more than a decade in the industrial SaaS market. He has partnered with founders and leadership teams across several industrial SaaS companies, helping build the financial discipline and operating infrastructure needed to scale rapidly. Most recently, as CFO of Irth Solutions, he helped lead the company through more than threefold growth in annual recurring revenue, strong profitability, and a successful exit to a global growth equity firm.
“We see a substantial opportunity ahead as aerospace and defense companies invest in greater production capacity, operational resilience, and digital modernization,” said Naveen Poonian, CEO of iBase-t. “Our private equity backing gives us the ability to invest in that opportunity and build on a foundation developed over nearly four decades. Andrew brings the financial leadership and experience to help us translate those investments into platform innovation, deeper customer relationships, and sustained business growth.”
“I was drawn to iBase-t’s deep expertise in aerospace and defense and the critical role its software plays in customers’ operations during a period of unprecedented demand in the industry,” said Varghese. “The company has a strong foundation and the backing to invest in its next phase of expansion. I’m excited to work with Naveen and the team to strengthen the financial and operating infrastructure for scale, support investment in innovation, and help iBase-t capture the opportunity ahead.”
About iBase-t
iBase-t is the global leader in AI-native digital manufacturing and sustainment software for the aerospace and defense industry. Committed to innovation, customer success, and product excellence, iBase-t ensures digital continuity across manufacturing, quality, and maintenance, repair, and overhaul (MRO) operations. iBase-t’s Solumina Manufacturing Operations Platform is a cloud-native solution that establishes a digital ecosystem to drive innovation and improve operational performance for the most critically complex manufacturers. iBase-t customers include Northrop Grumman, Leonardo DRS, Rolls-Royce, Pratt & Whitney, and Textron.
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SOURCE iBase-t
