Regulus Leadership

  There is a great deal of depth and capability within the team at Regulus not only in its technology but also in managing and running companies at scale. The founding team has an incredible resume of success and excellence with individuals from both public and private companies. Together this team has been responsible for many billions of dollars of product development and sales in their collective careers at some the of largest networking companies as well as in some of the most innovative start-ups.   

Executive Team

Mark Wells, Chief Executive Officer


  Mr. Wells is the CEO of Regulus Solutions. He was most recently the Vice President of Global Business Development at Sensus where he was responsible for successfully introducing and promoting the company’s marquee AMI product, FlexNet, to international markets. Mr. Wells previously held various executive and management positions in marketing, sales, business development and engineering in a variety of companies such as Nortel, Cadence, Power-One, Volterra Semiconductor and smaller start-up companies as well. Throughout his career Mr. Wells has worked for companies which have focused on either energy technology or communications technology. Mr. Wells graduated in 1988 from Memorial University of Newfoundland, Canada, with a Bachelor of Engineering degree; he is also a registered Professional Engineer in the province of Ontario, Canada.  

Jim Hjartarson, Chairman


  Mr. Hjartarson is a seasoned telecommunications industry veteran with 33 years of industry experience. He is currently the CEO of ELPHiC Semiconductor, a photonics IC company in Ottawa. He was most recently CEO of One Chip Photonics and prior to that a co-founder and CEO of Catena Networks, later acquired by Ciena Corporation, where he was SVP Broadband Access Group. He was co-founder and VP of the Telecommunications Design Centre within Cadence Design Systems, and before that at Nortel Networks, where he was Director of Access Peripheral Design. Mr. Hjartarson is also currently a member of the Telecommunications Industry Association. Mr. Hjartarson has a Masters Degree in Electrical Engineering the University of Manitoba.  

Andrew Bailes, Chief Financial Officer


Andrew Bailes is the owner of Hertford Advisors providing virtual CFO services to a number of  companies, including Regulus Solutions and FileFacets. He was previously CFO at Cryptocard, the leading Two Factor Authentication SaaS provider, and was instrumental in its successful sale in 2012. Since then he has worked on various projects, including leading a 25-strong finance team for Lowe-Martin. He has extensive experience in IT, Telecoms and other sectors, managing not only Finance, but also Legal, HR and Operational functions. Andrew holds undergraduate and master’s degrees in Mathematics and Management Studies from Cambridge University (UK) and came top in his Executive MBA at Cornell (USA) and Queens University (Canada).