TORONTO--(BUSINESS WIRE)--AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY), a data analytics and enterprise software solutions provider, is pleased to announce today that Mr. Jonathan Dwek has been appointed as the Chief Financial Officer of the Company, effective immediately. This appointment represents an additional milestone in AnalytixInsight’s ongoing management transition and refresh of the corporate strategy.
Mr. Dwek brings a wealth of expertise, financial acumen and strategic insight to the Company’s leadership team, having a proven track record spanning more than 15 years. He has previously guided and supported companies with mergers & acquisitions, corporate finance, capital raising, and has successfully developed and implemented internal financial controls. Most recently, he ran Dwek Capital, an independent M&A advisory and private equity firm delivering services to clients in the middle market, where he assisted companies with the identification and execution of acquisition opportunities across a variety of industries. Prior thereto, he was the CFO of a technology startup focused on blockchain communication. Mr. Dwek is a CFA Charterholder and has a Master of Finance degree from the Rotman School of Management in Toronto.
“We are confident that Jonathan’s deep finance expertise and hands-on strategic advisory experience will be instrumental in setting AnalytixInsight’s financial strategy while also supporting our efforts to enhance transparency, corporate governance and rigorous internal controls,” said Natalie Hirsch, interim President and CEO. “Having an individual with Jonathan’s background on our team represents another positive step in the management transition process. We look forward to leveraging his business and technology experience as we work towards unlocking additional value from AnalytixInsight and targeting new growth opportunities that we anticipate can generate value for our shareholders.”
Mr. Dwek assumes the role of CFO following the resignation of Mr. Paul Bozoki. Management wishes him well in his future endeavours.
In addition, the Company announced today that, subject to regulatory approval, it has granted an aggregate of 925,000 stock options to certain officers and consultants of the Company in accordance with the Company’s stock option plan. The options vest in equal quarterly installments over a period of 24 months and, subject to the vesting periods, may be exercised at a price of $0.085 per option for a period of five years from the date of grant. The common shares underlying the options may be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange.
About AnalytixInsight Inc.
AnalytixInsight is a data analytics and enterprise software solutions provider. AnalytixInsight develops and markets cloud-based platforms providing financial content, company analysis and stock research solutions to the financial services industry. AnalytixInsight holds a 49% interest in MarketWall S.R.L., a developer of fintech solutions for financial institutions in Italy.
Regulatory Statements
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Company’s business plans and expectations, including its financial strategy and plans to enhance corporate governance and transparency, and the Company’s ability to identify and take advantage of opportunities to generate value for shareholders. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AnalytixInsight, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the Company’s technology and revenue generation; risks associated with operation in the technology sector; the Company’s ability to successfully integrate new technologies and employees; foreign operations risks; and other risks inherent in the technology industry. Although AnalytixInsight has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AnalytixInsight does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
