BELLEVUE, Wash., Feb. 20, 2019 /PRNewswire/ -- Bsquare
Corporation (NASDAQ: BSQR) announced today the appointment of Ralph
C. Derrickson as president and chief executive officer, and
also to the company's board of directors, effective Monday, March 11, 2019. Mr. Derrickson is a
highly accomplished business leader with a wide range of experience
using technology to create innovative products, services and
business models. He has led a range of organizations, from
start-ups to companies undergoing turn-arounds.
Andrew Harries, whose role will
revert to Bsquare board chairman, observed "We are delighted to
have recruited an individual of Ralph's caliber to lead our team.
The board believes the changes instituted in 2018 were a vital
first step and that Ralph's leadership will accelerate our efforts
to establish a long-term strategy for growth and value
creation."
"Bsquare has a storied history as a provider of embedded
software and professional engineering services to a marquee list of
Fortune 500 customers. Early experience delivering IoT software
bodes well for our future providing industrial-grade enterprise
solutions that combine data analytics, machine learning and
distributed intelligence in a cloud environment," said Mr.
Derrickson. "Our long-standing relationship with Microsoft and our
rapidly developing collaboration with Amazon Web Services position
us well to provide customers with a range of edge-to-cloud
solutions to meet their evolving needs. I look forward to working
with the board of directors and Bsquare team to build a future
founded on integrity, innovation, collaboration with our customers
and partners, and value for our investors."
Mr. Derrickson was president & CEO of Carena, Inc., a
pioneer in the development of virtual health care delivery until
its acquisition by Avizia in 2017. Mr. Derrickson served as SVP of
Corporate Development until Avizia's acquisition by American Well
in July 2018. Prior to Carena, Mr.
Derrickson was managing director of venture investments at Vulcan
Capital where he was actively involved in the investment, growth
and operations of the firm's technology portfolio companies. Mr.
Derrickson has served for 15 years on the board of Perficient
(PRFT), an IT services firm with expertise in e-commerce digital
transformation. Mr. Derrickson has senior leadership experience at
Metricom, Starwave Corporation (acquired by Walt Disney), and NeXT Computer (acquired by
Apple Computer). He began his career as a software engineer at
Digital Research and Sun Microsystems.
Mr. Derrickson serves on the dean's advisory board of the
Golisano College of Computing & Information Sciences at
Rochester Institute of Technology,
where he earned a BT in Systems Software. He also serves on the
advisory board for the Buerk Center for Entrepreneurship, in the
Foster School of Business at the University of
Washington.
The company also announced that long-standing board member
William Savoy will be stepping down
from the Bsquare board of directors and Mr. Derrickson will join
the board in his place.
"The board and I would like to thank Bill Savoy for his many years of service to
Bsquare; his commitment and contributions will be missed and we
wish him the best going forward," added Mr. Harries.
About Bsquare
For over two decades, Bsquare has helped businesses
around the world extract value from a broad array of enterprise
assets by making them intelligent, connecting them, and using the
data they generate to digitally transform their business
operations. Bsquare delivers this though a comprehensive suite of
award-winning industrial IoT services and software that include
embedded device engineering, AWS and Microsoft Azure cloud
integration, and advanced data science consulting. For more
information, visit www.bsquare.com.
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SOURCE Bsquare