Experienced Technology Growth Leader Joins Sylogist as CRO
Calgary, Alberta--(Newsfile Corp. - December 1, 2022) - Sylogist Ltd. (TSX: SYZ) ("Sylogist" or the "Company"), a leading public sector SaaS company, is pleased to announce that accomplished technology executive Grant McLarnon has joined the Company as Chief Revenue Officer (CRO). Mr. McLarnon will take up his post on December 12, 2022, and join the executive leadership team of Sylogist, reporting to Bill Wood, Sylogist's President and CEO.
Mr. McLarnon is an experienced leader with a track record of successfully scaling SaaS companies. Most recently, as CEO and co-founder of technology company Adoxio, he led its growth from zero to $15 million over two years before negotiating a successful sale to KPMG, following which he led KPMG's national Microsoft practice. Prior to that, he was Managing Partner of SaaS-based Adxstudio; growing it to $30M in revenue via an extensive partner channel he created before orchestrating the company's highly valued acquisition by Microsoft.
"With momentum building, Grant is the right person to lead the go-to-market efforts of our organic growth strategy as CRO," stated Mr. Wood. "He has deep, firsthand experience growing a successful SaaS company targeting the public sector, leveraging the Microsoft ecosystem, leading marketing and sales teams, and building a highly effective partner channel. I'm thrilled he's joining our executive team and look forward to working with him to recognize the organic growth opportunities we've teed up."
"As a purpose-driven company, Sylogist leaves an imprint on its customers, employees and on our communities," said Mr. McLarnon. "I am honored and enthusiastic to join an experienced leadership team and advance Sylogist's momentum in the government, education, and nonprofit sectors; helping these organizations more effectively serve their communities and constituencies. With a market-leading SaaS platform, best in class customer care, and the incredible team Bill has assembled, Sylogist is uniquely positioned to accelerate its growth; delivering innovation and services to empower the public sector with the capabilities to do more."
Sylogist provides mission-critical SaaS solutions to over 2,000 public sector customers globally across the government, nonprofit, and education verticals. The Company's stock is traded on the Toronto Stock Exchange under the symbol SYZ. Information about Sylogist, inclusive of full financial statements together with Management's Discussion and Analysis, can be found at www.sylogist.com.
Certain statements in this news release may be forward-looking statements within the meaning of applicable securities laws and regulations. These statements typically use words such as expect, believe, estimate, project, anticipate, plan, may, should, could and would, or the negative of these terms, variations thereof or similar terminology. Forward-looking information in this news release includes statements with respect to recognizing organic growth opportunities, advancing Sylogist's momentum in the government, education, and nonprofit sectors, helping these sectors more effectively serve their communities and constituencies, Sylogist accelerating its growth, and delivering innovation and services to empower the public sector. By their very nature, forward-looking statements are based on assumptions and involve inherent risks and uncertainties, both general and specific in nature. It is therefore possible that the beliefs and plans and other forward-looking expectations expressed herein will not be achieved or will prove inaccurate. Although Sylogist believes that the expectations reflected in these forward-looking statements are reasonable, it provides no assurance that these expectations will prove to have been correct. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information, including its inability to attract key employees or enlist customer support, its inability to develop innovative technology, its inability to find opportunities to deploy free cash flow, continuing headwinds from COVID-19, and economic turmoil. Additional information regarding some of these risks, uncertainties and other factors may be found in the Company's Annual Information Form for the fiscal period ended September 30, 2021, and in the management's discussion and analysis for the fiscal period ended September 30, 2022, and other documents available on the Company's profile at www.sedar.com. Material assumptions and factors that could cause actual results to differ materially from such forward-looking information include Sylogist's ability to attract and retain employees and customers and to realize on its investments, the ability to expand technology partner and customer relationships and the acceleration of organic and inorganic growth. Although Sylogist believes that the material assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur. Sylogist disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Certain information set out herein may be considered as "financial outlook" within the meaning of applicable securities laws. The purpose of this financial outlook is to provide readers with disclosure regarding Sylogist's reasonable expectations as to the anticipated results of its proposed business activities for the periods indicated. Readers are cautioned that the financial outlook may not be appropriate for other purposes.
For further information contact:
Bill Wood, President and CEO
Rudy Shirra, Manager, Corporate Development and Investor Relations
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146526