CALGARY, AB, Aug. 13, 2020
/CNW/ - Katipult Technology Corp ("Katipult" or 'Company"), a
leading SaaS Fintech software provider for capital markets, today
announced that TSX Trust Company ("TSX Trust"), a subsidiary of TMX
Group Limited, has selected Katipult's SaaS platform to power its
new digital deal management service designed to automate workflow
for private placements and streamline the issuer and investor
onboarding process. "Engaging with TSX Trust on their innovative
initiative is a major step forward in Katipult's journey to
becoming the industry-leading platform provider for capital
markets," stated Katipult CEO, Gord Breese. "This initiative will
create substantial economic value for issuers, investment dealers,
investment advisors and other industry stakeholders."
Following an extensive evaluation process, TSX Trust selected
Katipult's robust technology, rich functional depth and intuitive
user experience for its new digital platform. The multiyear
agreement between TSX Trust and Katipult will focus on delivering a
range of new digital deal management solutions to the market and is
expected to be launched by TSX Trust in Q4, 2020.
"We are excited to team with Katipult in introducing compelling
new efficiencies and benefits to the capital-raising and debt
financing process," stated Claire
Johnson, President, TSX Trust. "For TSX Trust, this new deal
management platform represents an important, innovative solution
designed to address client challenges in the private placement
process. Going forward, we continue to seek out additional
opportunities to evolve and adapt to better serve the needs of the
industry and to enhance the core services we provide for all
stakeholders."
About Katipult
Katipult (www.katipult.com) is a provider of industry-leading
and award-winning software infrastructure for powering the exchange
of capital in equity and debt markets. Our cloud-based platform and
solutions digitize investment workflow by eliminating transaction
redundancy, strengthening compliance, delighting investors, and
accelerating deal flow. Katipult provides unparalleled adaptability
for regulatory compliance, asset structure, business model, and
localization requirements.
Neither the 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.
Forward-Looking Statement:
Cautionary Note Regarding Forward Looking Statements: Certain
disclosure in this release, including statements regarding the
increased or continued industry interest in the Company's product,
future growth, the timing of the launch of the digital deal
management platform by TSX Trust and the related creation of
economic value constitute forward-looking statements. In making the
forward-looking statements in this release, the Company has applied
certain factors and assumptions that are based on the Company's
current beliefs as well as assumptions made by and information
currently available to the Company, including, but not limited to,
the Company's product continuing to operate as expected, the
industry continuing to see value in the Company's product and the
ability of the Company and TSXT to bring the product to market.
Although the Company considers these assumptions to be reasonable
based on information currently available to it, they may prove to
be incorrect, and the forward-looking statements in this release
are subject to numerous risks, uncertainties and other factors that
may cause future results to differ materially from those expressed
or implied in such forward-looking statements, including delays due
to product testing and adoption of the digital deal management
platform by capital markets participants. Readers are cautioned not
to place undue reliance on forward-looking statements. The Company
does not intend, and expressly disclaims any intention or
obligation to, update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE Katipult Technology Corp.
