CALGARY, Jan. 2, 2020 /CNW/ - Katipult Technology Corp.
(TSXV: FUND) ("Katipult" or the "Company"), provider of an industry
leading, cloud-based software infrastructure for digitizing and
automating private placements, is pleased to announce the
appointment of Gord Breese to the position of President and Chief
Executive Officer of the Company effective January 6th, 2020,
subject to regulatory approval.
In addition, Mr Breese will be joining the Board as a Director
of the Company, also effective January 6th, 2020 and also
subject to regulatory approval.
Mr Breese brings to Katipult extensive leadership experience in
business software and a proven track record of driving
transformative growth and building value at high growth tech firms
including ServiceMax, SAP, Business Objects, Apple and Oracle. He
was part of the leadership team that took Pivotal Software public
and played a key role in expanding Business Objects' global
footprint, prior to its acquisition by SAP.
Mr Brock Murray, Katipult's
Co-Founder and President & Chief Executive Officer since the
Company listed on TSXV in November
2017, will continue as a full time executive with the
Company in the newly created role of Head of Global Development,
and remains a Director.
Commenting on the appointment, Board Chair Marcus Shapiro said: "We are delighted to have
attracted a seasoned tech executive of the calibre of Gord Breese
to lead the next stage of Katipult's development. Since its
listing in late 2017, the Company has posted seven consecutive
quarters of increased subscription revenues, attracted enterprise
customers such as ATB Financial, and recruited experienced tech
investors to Katipult. In Gord Breese, with his background, and his
proven track record of success in growing software companies, the
Board is confident that Katipult has chosen a uniquely qualified
business leader. I am also delighted that Brock Murray remains fully committed to the
business in his new role of Head of Global Development."
Brock Murray, Co-Founder of
Katipult and outgoing CEO, said: "The Katipult team is
ecstatic to have attracted a proven executive to our leadership
team in Gord Breese. We initiated a deliberate strategy in 2019 to
bolster our management team in order to build on our successes to
date, and accelerate growth in the coming years. The decision to
recruit a new CEO was predicated on our ability to find the right
candidate and we are confident Gord Breese is that individual. I
personally look forward to working alongside Gord in a new role
that I feel I can add the most value to the business and our
shareholders."
Gord Breese commented: "Digital transformation is going to
significantly change the landscape in private capital markets in
the next 5 years, and I am excited to join this company that is
positioned so well to capitalize on the market opportunity.
Katipult has built an impressive foundation as a business with an
incredible product, a great business model, a strong team, an
attentive board of directors, and a global client base. I look
forward to formally commencing my new role in 2020 with Katipult
and leading the company through the next phase of growth."
As part of his compensation, Mr. Breese has been granted options
over 3,500,000 shares in the Company at an exercise price of
20 cents and vesting over 4
years. These options are granted from existing shares in the
Company by the Company's two Co-Founders, Brock Murray and Pheak
Meas, equally.
About Katipult
Katipult (www.katipult.com) is a proprietary cloud-based software
infrastructure to digitize and automate private placements and is a
white label platform for various alternative investments, providing
best-of-breed standards for eliminating transaction redundancy,
enhancing investor experience, and accelerating deal flow. Katipult
provides unparalleled adaptability for regulatory compliance, asset
structure, business model, and localization requirements. The
Company's clients have compliant platforms operational in over 20
unique regulatory environments.
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SOURCE Katipult Technology Corp.
