Trust Stamp adds six veteran sales team members to drive adoption of its Orchestration Layer through direct sales with another two onboarding before the end of Q3
August 28 2023 - 9:42AM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM,
has added six sales team members to drive the adoption of its
Orchestration Layer through direct sales. In Q2, Ally Madrone and
Vince Giganti each joined the team as Directors of Sales and
Business Development. In Q3, Gloria Tse and Kevin Hasinks joined as
Account Executives with another two Account Executives scheduled to
join the team before the end of Q3.
Andrew Gowasack, President of Trust Stamp, commented, “While we
are thrilled to have 29 new banks in various stages of implementing
our software, and are projecting 45 to 50 banks in implementation
by year-end through our channel partnership, we believe that there
is even greater opportunity in the broader US market. The
addressable market in the United States for biometric software is
estimated to be around $14.7B in 2024, growing by a compound rate
of around 14% over the next four years. With a combination of
market growth and typical contract turnover, we are estimating an
addressable market of contracting opportunities approaching $5B per
annum within the US alone.
I personally spoke to nearly fifty veterans from our industry
and selected the candidates that not only have a track record of
success, but are also the best fit for our corporate ethos. These
new team members bring substantial experience in the identity
industry, having worked for companies such as ID.me, Jumio and
Veriff, and each has a track record of personally generating sales
and in some cases of building sales teams. Each account executive
is personally responsible for an annual quota of $1MM in new Annual
Recurring Revenue.” To support the account executives, Trust Stamp
has also added two sales development representatives, Melissa
Schonberger and Kevin Ketchell.
Gowasack went on to state: “Our sales development
representatives also hail from the industry and have proven track
records of success. We have already seen a meaningful increase in
our sales pipeline, and with their help, we anticipate contracted
revenue in 2023 with significant banked revenue in 2024.”
Inquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Andrew Gowasack,
President
About Trust Stamp
Trust Stamp the Privacy-First Identity CompanyTM, is a global
provider of AI-powered identity services for use in multiple
sectors including banking and finance, regulatory compliance,
government, real estate, communications, and humanitarian services.
Its technology empowers organizations with advanced biometric
identity solutions that reduce fraud, protect personal data
privacy, increase operational efficiency, and reach a broader base
of users worldwide through its unique data transformation and
comparison capabilities.
Located in six countries across North America, Europe, Asia, and
Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq:
IDAI). The company was founded in 2016 by Gareth Genner and Andrew
Gowasack.
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fact are “forward-looking statements” including within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The information in this announcement may contain
forward-looking statements and information related to, among other
things, the company, its business plan and strategy, and its
industry. These statements reflect management’s current views with
respect to future events-based information currently available and
are subject to risks and uncertainties that could cause the
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