ProntoForms Corporation (TSXV: PFM) (“ProntoForms” or the
“Company”), the global leader in field intelligence, is pleased to
announce today the appointment of Philip Deck as co-Chief Executive
Officer of the Company (“co-CEO”).
“I am delighted to welcome Phil to the
management team at ProntoForms,” said Alvaro Pombo, co-CEO. “I have
worked closely with Phil for more than five years on the board of
the Company and am excited about the complementary capabilities he
brings to our Company as a member of the management team.”
“I am excited to join Alvaro and the rest of the
team at ProntoForms,” said Philip Deck. “Alvaro has created a
leading enterprise field intelligence platform with a broad
foundation of very happy customers. I look forward to working with
Alvaro with a view to accelerating the growth of ProntoForms and
achieving long-term sustainable enterprise value.”
Mr. Deck has a long track record in technology
company leadership. He was the Chief Executive Officer of Certicom
Corp., a Toronto Stock Exchange (“TSX”)-listed leader in
cryptographic software from 1993 to 1999. He served as the Chief
Executive Officer and / or Chairman of MKS Inc., a TSX-listed
leader in application lifecycle management from 2001 until its sale
in 2011. He also served as Chairman of Zolo Enterprises, a leading
Canadian online real estate brokerage platform, until its sale in
2022. He is currently Chairman of Alida Inc., a global leader in
customer experience management software, and has invested in and
served on the boards of numerous other technology companies over
the course of his career.
In connection with Mr. Deck’s appointment as
co-CEO and with Mr. Pombo’s new role as co-CEO, the Company has
entered into an employment and revised employment agreement,
respectively, with each of Mr. Deck and Mr. Pombo, which included a
grant to Mr. Deck of options to purchase 3.2 million common shares
pursuant to the Company’s stock option plan at an exercise price of
$0.50 per share.
ProntoForms also announces today the resignation
of board members Scott Berg, Bruce Joyce, Michael Cristinziano,
Conrad Smits and Sandy McIntosh.
“I can speak for the entire Board when I
congratulate and thank our retiring board members for all that they
have done in guiding us to become the company that we are today,”
said Alvaro Pombo, Founder and co-CEO. We wish you all the best in
the years ahead.
The Company also announces today that it has
appointed D. Neil McDonnell and Catherine Sigmar to the board of
directors of the Company (the “Board”), with Mr.
McDonnell to serve as Chair of the Board. Mr. McDonnell and Ms.
Sigmar are each highly respected individuals with significant
experience in the technology sector and skills including strategic
oversight, legal, turn-arounds and mergers & acquisitions.
Mr. McDonnell is a recognized leader in the
Canadian technology space with over 25 years of experience building
technology-based companies in enterprise software, embedded
software and hardware applications. He is currently Chair of Quorum
Information Technologies Inc., a North American SaaS software and
services company listed on the TSX Venture Exchange (“TSXV”), and a
director of Shiftboard Inc., a leading provider of enterprise
workforce scheduling software, among other companies. Mr. McDonnell
has extensive experience in past board and senior executive roles
in the technology sector. He has also been the Chair of several
companies involved in recent transactions that have resulted in
strong results for shareholders, including: Chair of the board of
Redline Communications Group Inc., a TSX-listed provider in
mission-critical data infrastructure, during its acquisition by
Aviat Networks Inc. in July 2022; Chair of Nanotech Security Corp.,
a TSXV-listed developer of nano-optic security features, for over
two years leading up to and during its acquisition by Meta
Materials Inc. in October 2021; Chair of Photon Control Inc., a
TSX-listed developer and supplier of optical measurement
technologies and systems, for over four years leading up to and
during its acquisition by MKS Instruments Inc. in July 2021; and
Chair of QHR Corporation, a TSXV-listed developer and supplier of
electronic medical records and related health care products, for
over a year leading up to and during its acquisition by Loblaws
Companies Limited in October 2016.
Ms. Sigmar is currently the Chief Legal Officer
and Vice President, Strategic Initiatives at Tecsys Inc. (TSX:
TCS), a leading supply chain management company. She spent more
than 12 years in the enterprise resource space at SSA Global
Technologies Inc. and Baan Corporation and also worked at a growing
division of the Software and Services Group at Intel Corporation.
Ms. Sigmar has worked extensively in North and South America,
Europe, and Asia, and has held roles as Chief Operations Officer
and Chief Legal Officer in Canada, the United States and the United
Kingdom.
“We warmly welcome Catherine and Neil to the
board and look forward to benefitting from their vast experience in
the technology sector,” said Phil Deck, co-CEO.
About ProntoForms Corporation
ProntoForms is the global leader in
field-focused low-code application platforms for enterprise. The
Company's solution is used to create apps and forms to collect and
analyze field data with smartphones and tablets – either as a
standalone solution or as a mobile front-end to enterprise systems
of record.
The Company’s 100,000+ subscribers harness the
intuitive, secure, and scalable solution to increase productivity,
improve quality of service, and mitigate risks. The Company is
based in Ottawa, Canada, and trades on the TSXV under the symbol
PFM. ProntoForms is the registered trademark of ProntoForms Inc., a
wholly owned subsidiary of ProntoForms Corporation.
For additional information, please contact:
Alvaro PomboCo-Chief Executive
Officer ProntoForms Corporation 613-599-8288 ext. 1111
apombo@prontoforms.com |
|
Certain information in this press release may
constitute forward-looking information. For example, statements
about the Company’s future growth or value, and expectations
regarding the performance and focus of the new management team and
Board, are forward-looking information. This information is based
on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. The Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements unless and until required by securities laws applicable
to the Company.
Neither 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.
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