19:20:25 EDT Sun 19 May 2024
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AnalytixInsight Inc
Symbol ALY
Shares Issued 96,451,741
Close 2023-07-19 C$ 0.15
Market Cap C$ 14,467,761
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AnalytixInsight appoints Kadar as director

2023-07-20 14:14 ET - News Release

Mr. Prakash Hariharan reports

ANALYTIXINSIGHT ANNOUNCES APPOINTMENT OF VINCENT KADAR TO BOARD OF DIRECTORS

AnalytixInsight Inc. has appointed Vincent Kadar, chief executive officer of Polymath Research Inc., a security tokenization software company, as a director of the company, effective immediately.

With Polymath's established legacy in developing Polymesh, an institutional-grade open-source blockchain built specifically for regulated assets, Polymath is rooted in technical expertise and is a leader in the new era of fintech and decentralized finance, helping businesses build on their success. With Mr. Kadar's appointment to the board of directors, AnalytixInsight and Polymath plan to collaborate on a variety of business areas and initiatives.

Prior to his position at Polymath, Mr. Kadar spent 12 years as CEO of Telepin Software Systems Inc. (acquired by Constellation Software Inc. in 2017 (TSX:CSU)), a fintech software company providing digital wallet and payments platforms for developed and emerging markets globally. As CEO, he pivoted the organization into digital wallets and payments and drove business growth via a new market sector of mobile money.

"I am pleased to welcome Vincent Kadar to AnalytixInsight's board of directors," said Prakash Hariharan, Chairman and Chief Executive Officer of AnalytixInsight. "He brings proven technological expertise and business acumen, having managed several innovative software companies, alongside his strong network of global relationships in the fintech sector. Through Vincent, we will work to collaborate with Polymath on a variety of initiatives that we anticipate will result in increased shareholder value."

Collaboration between the companies will include introduction of new product functionality such as digital wallet and coin-based settlement options (subject to regulatory review and approval), expansion of existing products into additional markets through strategic or channel partnerships, and inclusion of private securities into AI analysis offerings.

"I am pleased to join the AnalytixInsight team," stated Vincent Kadar, CEO of Polymath. "I look forward to working with both the board and management team to develop and execute business strategies to capitalize on the Company's suite of novel fintech products and services. I believe that there is a strong market opportunity for the Company, and I am excited to work with the team to maximize shareholder value."

In addition, the Company announces today that, subject to regulatory approval, it has granted an aggregate of 320,000 restricted share units (the "RSUs") to certain directors, in accordance with the Company's restricted share unit compensation plan. The RSUs vest 12 months from the date of the grant.

About AnalytixInsight

AnalytixInsight is a data analytics and enterprise software solutions provider to world-leading institutions across various industries. AnalytixInsight develops and markets cloud-based platforms providing financial content, stock trading, and research solutions for banks, brokers, and investors in the financial services industry. AnalytixInsight holds a 49% interest in MarketWall, a developer of fintech solutions for financial institutions. Visit www.AnalytixInsight.com.

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