- Appoints Sid
Singh, an Experienced Technology Executive, as Interim
CEO
- Appoints Arnaud Ajdler as Chair
of the Board
TORONTO, Feb. 21,
2025 /CNW/ - Dye & Durham Limited ("Dye &
Durham" or the "Company") (TSX: DND), one of the world's
largest providers of cloud-based legal practice management
software, today announced the appointment of Sid Singh as Interim Chief Executive Officer,
effective immediately. Mr. Singh will remain a director of the
Company and succeeds Hans T.
Gieskes, who will also continue his service on the Board of
Directors (the "Board"). Additionally, Arnaud Ajdler has been
appointed Chair of the Board.
"Since joining the Board, Sid has become increasingly involved
with the business and provided valuable support based on his
significant go-to-market and product roadmap experience in the
technology sector," said Mr. Ajdler. "Given his expertise in
running software businesses as well as leading corporate
turnarounds, the Board has determined that Sid is best positioned
to assume the Interim CEO role while the search committee
expeditiously works toward appointing a permanent CEO. On behalf of
the entire Company, I thank Hans for his contributions during the
initial transition period at Dye & Durham."
Mr. Singh commented: "Dye & Durham has made considerable
strides over the past two months in sharpening its strategic
direction. Moving forward, we are focused on strengthening our
market position and enhancing stakeholder value by delivering
superior outcomes for our customers and their clients, accelerating
our product transformation efforts and reinforcing our disciplined
approach to capital allocation. I look forward to working
alongside the Board and the management team to execute on these
priorities and drive sustainable organic growth,
industry-leading product innovation and improved customer
satisfaction."
Sid Singh Biography
Sid Singh is an accomplished
executive and board director with over 25 years of leadership
experience in B2B vertical market software, data & analytics,
and fintech. He has a proven record of driving organic growth,
executing M&A, transforming go-to-market strategies, and
leading large-scale business turnarounds.
Most recently, Sid was CEO of Rectangle Health, a SaaS platform
specializing in revenue cycle management and workflow automation
for healthcare practices. He led a transformation of the company's
go-to-market strategy, driving revenue expansion and operational
improvements.
Previously, he was President of U.S. Information Solutions at
Equifax (NYSE: EFX), leading a $2
billion revenue business with 3,000+ employees. At Equifax,
he spearheaded a full-scale transformation by leveraging cloud
technology, AI-driven analytics, and strategic partnerships to
accelerate growth. He also led over $1.2
billion in M&A, expanding data capabilities and
strengthening market position.
Before Equifax, Sid spent over a decade at Global Payments Inc.
(NYSE: GPN), where he served as Group President of Integrated
Solutions & Vertical Markets, leading a $1.2 billion SaaS and fintech business. He played
a key role in scaling the company's software-led strategy, driving
over $3.5 billion in M&A, and
executing multiple strategic partnerships. He also held executive
roles as SVP of Global Product and Regional Head of Asia Pacific. Earlier in his career, Sid held
leadership positions at HSBC and Citibank.
Sid has significant board experience, including as a member of
the Board of Directors of Paya Holdings, Inc. (formerly NASDAQ:
PAYA), a payments processing and software company, from
October 2021 to February 2023; a member of the Board of Directors
of VantageScore LLC, a joint venture between Equifax, Experian and
Transunion, from February 2019 to
March 2023; and a member of the Board
of Directors of Consumer Data Industry Association between 2019 and
2023.
About Dye & Durham Limited
Dye & Durham Limited provides premier practice management
solutions empowering legal professionals every day, delivers vital
data insights to support critical corporate transactions and
enables the essential payments infrastructure trusted by government
and financial institutions. The company has operations in
Canada, the United Kingdom, Ireland, Australia, and South
Africa.
Additional information can be found
at www.dyedurham.com.
Forward-Looking Statements
This press release may contain forward-looking information
within the meaning of applicable securities laws, which reflects
Dye & Durham's current expectations regarding future events. In
some cases, but not necessarily in all cases, forward-looking
statements can be identified by the use of forward looking
terminology such as "plans", "targets", "expects" or "does not
expect", "is expected", "an opportunity exists", "is positioned",
"estimates", "intends", "assumes", "anticipates" or "does not
anticipate" or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might", "will" or "will be taken", "occur" or "be
achieved". In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances contain forward-looking statements.
Forward-looking statements are not historical facts, nor
guarantees or assurances of future performance but instead
represent management's current beliefs, expectations, estimates and
projections regarding future events and operating performance.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond Dye & Durham's control, which could cause actual
results and events to differ materially from those that are
disclosed in or implied by such forward-looking information. Such
risks and uncertainties include, but are not limited to, the
factors discussed under "Risk Factors" in Dye & Durham's most
recent annual information form. Dye & Durham does not undertake
any obligation to update such forward-looking information, whether
as a result of new information, future events or otherwise, except
as expressly required by applicable law.
SOURCE Dye & Durham Limited
