02:59:28 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
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AnalytixInsight Inc
Symbol ALY
Shares Issued 96,451,741
Close 2024-03-08 C$ 0.085
Market Cap C$ 8,198,398
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AnalytixInsight appoints Dwek as CFO

2024-03-11 11:17 ET - News Release

Ms. Natalie Hirsch reports

ANALYTIXINSIGHT APPOINTS NEW CHIEF FINANCIAL OFFICER

AnalytixInsight Inc. has appointed Jonathan Dwek as the chief financial officer of the company, effective immediately. This appointment represents an additional milestone in AnalytixInsight's continuing management transition and refresh of the corporate strategy.

Mr. Dwek brings a wealth of expertise, financial acumen and strategic insight to the company's leadership team, having a proven record spanning more than 15 years. He has previously guided and supported companies with mergers and acquisitions, corporate finance, capital raising, and has successfully developed and implemented internal financial controls. Most recently, he ran Dwek Capital, an independent M&A advisory and private equity firm delivering services to clients in the middle market, where he assisted companies with the identification and execution of acquisition opportunities across a variety of industries. Prior thereto, he was the CFO of a technology start-up focused on blockchain communication. Mr. Dwek is a CFA charterholder and has a master of finance degree from the Rotman School of Management in Toronto.

"We are confident that Jonathan's deep finance expertise and hands-on strategic advisory experience will be instrumental in setting AnalytixInsight's financial strategy while also supporting our efforts to enhance transparency, corporate governance and rigorous internal controls," said Natalie Hirsch, interim president and chief executive officer. "Having an individual with Jonathan's background on our team represents another positive step in the management transition process. We look forward to leveraging his business and technology experience as we work towards unlocking additional value from AnalytixInsight and targeting new growth opportunities that we anticipate can generate value for our shareholders."

Mr. Dwek assumes the role of CFO following the resignation of Paul Bozoki. Management wishes him well in his future endeavours.

In addition, the company announced today that, subject to regulatory approval, it has granted an aggregate of 925,000 stock options to certain officers and consultants of the company in accordance with the company's stock option plan. The options vest in equal quarterly instalments over a period of 24 months and, subject to the vesting periods, may be exercised at a price of 8.5 cents per option for a period of five years from the date of grant. The common shares underlying the options may be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange.

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-per-cent interest in MarketWall SRL, a developer of financial technology solutions for financial institutions in Italy.

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