Triterras Appoints Chief Technology Officer
May 13 2021 - 8:15AM
Triterras Inc. (Nasdaq: TRIT,
TRITW) (“Triterras” or the “Company”), a leading fintech
company for trade and trade finance, today announced that it has
appointed Sri Vasireddy as Chief Technology Officer, effective
immediately.
Mr. Vasireddy has been working as Chief Technical Advisor to the
Company since January 2021 and has over 20 years of experience in
information technology, cloud computing and systems integration.
Prior to joining Triterras, Vasireddy served as CTO of global
services and solutions at Hitachi Vantara, where he led the Cloud
and the IoT Solutions-as-a-Service platform business. He joined
Hitachi through an acquisition of REAN Cloud, a business he
founded. REAN Cloud was recognized as a top technology company in
Northern Virginia and won a historic US$950 million DoD (U.S.
Department of Defense) cloud services contract before being
acquired by Hitachi. Vasireddy was also an early employee in Amazon
Web Services’ (AWS) Worldwide Public Sector team and has led key
migration and modernization projects for several global
organizations.
“We are thrilled to have someone of Sri’s experience and
capabilities leading our technology team,” said Srinivas Koneru,
Chairman and CEO of Triterras. “His track record of building
outcome-oriented teams to drive cloud-based transformations at
leading organizations is unparalleled. Since joining Triterras, he
has made a substantial impact on our Company, introduced a culture
of design thinking while more than doubling the headcount of our
talented tech professionals, improving the security infrastructure
of the Kratos platform, and laying the groundwork for future
seamless integrations of new service offerings, acquisitions and
strategic partnerships.”
“I am excited to be joining Triterras at an inflection point in
its growth trajectory,” said Vasireddy. “The Company’s mission of
digitizing the traditionally paper-based industry of trade finance
aligns well with my experience of transitioning technology
ecosystems across industries to cloud-native platforms. I am
fortunate to be surrounded by a tremendous team of professionals
who are dedicated to creating a customer-centric experience
leveraging the cloud.”
In addition to scaling the firm’s tech team in the last four
months, in the coming months Vasireddy plans to onboard new
Technical Program Managers, Principal Solutions Architects, Product
Owners, Developers, and Quality Assurance Automation
Professionals.
Vasireddy is based in the Washington, D.C. area, and reports to
CEO Srinivas Koneru. He holds a Master’s degree in Computer Science
from George Mason University and an MBA from Duke University.
The technology team was previously led by Senior Vice President
Ashish Srivastava who has assumed the position of Chief Commercial
Officer with the Company.
In March, Triterras announced that it signed a letter of intent
to acquire Invoice Bazaar, a Dubai-based supply chain finance
platform; and that it formed a strategic partnership with Western
Union Business Solutions. The company also launched a Logistics
Module in partnership with Seven Oceans in January, and an
Insurance Module in a partnership with Marsh last September.
In addition, the Kratos platform was recognized in December when
the platform won the Singapore Founder category of the FinTech
Awards issued by the Monetary Authority of Singapore.
About Triterras Triterras is a
leading fintech company focused on trade and trade finance. It
launched and operates Kratos™—one of the world’s largest commodity
trading and trade finance platforms that connects and enables
commodity traders to trade and source capital from lenders directly
online. For more information, please visit triterras.com or email
us at contact@triterras.com.
Forward Looking StatementsThis press release
includes “forward-looking statements” within the meaning of the
“safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. Triterras’ actual results may differ from their
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“continue,” and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements
include Triterras’ expectations with respect to future performance.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside Triterras’ control and are difficult to predict. Factors
that may cause such differences include but are not limited to
risks and uncertainties incorporated by reference under “Risk
Factors” in Triterras’ Form 20-F (001-39693) filed with the
Securities and Exchange Commission (the “SEC”) on November 16, 2020
(the “Form 20-F”) and in Triterras’ other filings with the SEC.
Triterras cautions that the foregoing list of factors is not
exclusive. Triterras cautions readers not to place undue reliance
upon any forward-looking statements, which speak only as of the
date made. Triterras does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions, or circumstances
on which any such statement is based.
Investor Relations Contacts:Jim Groh, Triterras
Inc.Mobile: +1 (678) 237-7101Email: IR@triterras.com
Gateway Investor RelationsCody Slach and Matt
GloverOffice: +1 (949) 574-3860Email: TRIT@gatewayir.com
Media Contacts:Gregory PapajohnOffice of Corporate
CommunicationsTriterras, Inc.Mobile: +1 (917) 287-3626Email:
press@triterras.com
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