AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY), a data analytics and enterprise software solutions provider, announces today that Prakash Hariharan has resigned as president, chief executive officer, and chair of the Company, effective January 12, 2024. Mr. Hariharan will continue to support the Company as a member of its board and will act as a special advisor to aid in the management transition.
Vince Kadar, a current director, has been appointed as chair of the board, and Natalie Hirsch, the current chief operating officer, has been appointed as the interim president and chief executive officer.
Natalie is an operational leader with significant experience managing complex projects and scaling businesses, teams, and processes with over 15+ years of work experience in enterprise software and fintech companies. More recently, she served as Vice President of Operations for Coinsquare Ltd., one of Canada’s largest crypto trading platforms. She also retains an active designation as a Chartered Professional Accountant in Ontario.
“I am excited to step into the role of Interim President and CEO,” stated Natalie Hirsch. “I look forward to working with both the board and the rest of the team to develop and execute business strategies that capitalize on the Company’s suite of fintech products and services. I believe that there are a number of interesting opportunities for the Company in 2024, and I am excited to work with the team to explore these opportunities while building shareholder value.”
In addition, the board of directors of the Company approved an amendment (the “Amendment”) to its By-law No. A-1. Effective immediately, the Amendment provides for a majority voting standard in uncontested director elections. The majority voting standard provision provides that where there is only one candidate nominated for each position available on the board, each nominee director must receive a majority of “for” votes to be elected. The Company intends to submit the Amendment to its shareholders at the next annual meeting of shareholders, at which such shareholders may, by ordinary resolution, confirm, reject or amend the Amendment.
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 opportunities and strategies. 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 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; 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.
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