TORONTO, July 2, 2020 /CNW/ - Optiva Inc.
("Optiva" or the "Company") (TSX:OPT), a leader in
providing communications service providers (CSPs) worldwide with
cloud-native revenue management software on the public cloud, today
announced that in connection with its previously announced
redemption of the Company's preferred shares and concurrent secured
debenture offering, Robert Stabile,
lead independent director of the Company, has assumed day-to-day
oversight on behalf of the Company's Board of Directors of the
Company's senior executive team on an interim basis to ensure a
smooth transition to closing of the transaction and the appointment
by the Company of a new Chief Executive Officer. In this
role, Mr. Stabile is working closely with the Company's senior
executive team to ensure a smooth and seamless transition to a new
Chief Executive Officer and that the Company's customer
relationships remain unaffected during this interim
period.
The Company's Board of Directors previously engaged an executive
search firm to conduct a search for a new Chief Executive Officer.
The Board has interviewed a number of highly qualified, exceptional
candidates, and is pleased with the interest in the position that
the Board has received. The Board will be expeditiously moving
forward to choose a new Chief Executive Officer in the coming
weeks.
As announced on May 11, 2020, the
Company's Chief Executive Officer, Danielle
Royston, previously provided notice of her resignation,
effective August 9, 2020. In
light of the transitional arrangements now in place, the effective
date of Ms. Royston's departure occurred on June 29, 2020.
To further support the Company's transition to its new Chief
Executive Officer, the Company's Board has also retained
Vishal Kothari as a consultant on an
interim basis for the transition period. Mr. Kothari was
previously the Chief Operating Officer of the Company and was
responsible for global sales, delivery and support
organizations. Mr. Kothari will assist the Board on an
interim basis pending the appointment of the Company's new Chief
Executive Officer, including to ensure that the Company continues
to consistently meet or exceed the needs and desires of its
customers.
About Optiva Inc.:
Optiva Inc. is the leader in providing communication service
providers (CSPs) worldwide with cloud-native revenue management
software on the public cloud. Operators and MVNOs can integrate our
best-of-breed charging engine into a BSS stack or deploy our fully
managed, end-to-end, SaaS-based suite. Optiva solutions offer
unmatched speed, scale, security and savings. Our market knowledge,
analytical insights and unique Customer Success Program ensure
telecoms are equipped to achieve their strategic business goals.
Established in 1999, Optiva Inc. is on the Toronto Stock Exchange
(TSX: OPT). For more information, visit www.optiva.com.
SOURCE Optiva