TORONTO, March 4, 2019 /CNW/ - BSM Technologies Inc. (the
"Company" or "BSM") (TSX: GPS), a leading provider of Internet of
Things (IoT) enabled telematics and asset management solutions,
today announced the appointment of accomplished software executive
Michael Morrissey as the Chief
Operating Officer of the Company, effective March 18, 2019.
"Adding Mike to our executive leadership team provides
significant additional experience and expertise to BSM," said Mr.
Louis De Jong, President and CEO of
BSM. "Mike's experience in leading the delivery of new
software products and rationalizing legacy software platforms,
coupled with his track record of successful cloud migrations, will
be a great benefit to our team as we continue the development of
the BSM illuminate software platform."
"I am excited to join BSM and work closely with Louis and the
senior management team at BSM," said Michael Morrissey. "The BSM illuminate software
platform and BSM's expanded partnership with Geotab provides
exciting growth opportunities for the company."
Morrissey has a long history of leading both large and medium
sized software delivery teams. Prior to joining BSM, he
served as Senior-Vice-President of Research and Development at
Nuance Communications Inc., a multinational computer software
technology company which provided speech recognition and artificial
intelligence. Prior to Nuance Communications, Morrissey held
technology leadership roles for cloud security, mobile
infrastructure and logistics software including, Chief Technology
Officer at PerspecSys Inc., Vice-President, Cloud and Platform
Services at BlackBerry Ltd., and Vice-President, Program Management
at Descartes Systems Group.
In addition to the appointment of Mr. Morrissey, the Company is
also announcing the departure of Mr. Douglas Swanson, Chief Technology Officer of the
Company, effective March 15, 2019.
"BSM is committed to continuing its development of the BSM
illuminate software platform," said Mr. Louis De Jong, President and CEO of
BSM. "We have a strong technology team and we are
well-positioned to continue our positive momentum. I want to thank
Doug for his contributions to BSM over the past two years and wish
him the best in his future endeavors."
About BSM Technologies:
With more than 20 years of experience, BSM Technologies Inc.,
through its subsidiaries and affiliates, is a leading provider of
Internet of Things (IoT) enabled telematics and asset management
solutions. Focused on the Government, Service, Rail and
Construction markets, BSM provides the technology, tools and
services required to connect, analyze and optimize fleets,
equipment and people – empowering data-driven operational
decision-making. BSM illuminate, BSM's software platform, enables
companies to leverage data insights, analytics and optimization
tools for competitive advantage.
For more information, please visit
http://www.bsmtechnologies.com. The Toronto Stock Exchange has
neither approved nor disapproved of the information contained in
this news release.
Cautionary Note Regarding Forward-Looking Statements:
This news release includes certain forward-looking statements or
information under applicable Canadian, U.S. and other securities
laws. Such forward-looking information and statements are often,
but not always, identified by the use of words such as "seek",
"anticipate", "believe", "plan", "estimate", "expect" and "intend"
and statements that an event or result "may", "will", "should",
"could", or "might" occur or be achieved and any other similar
expressions. Such forward-looking information includes but is not
limited to, statements with respect to BSM illuminate software
platform, the Company's software consolidation and expanded Geotab
partnership enabling BSM to focus its development efforts on
further advancing our analytics and optimization software products.
These forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business and include, but
are not limited to, developing the BSM illuminate software
platform. Management believes that these assumptions are
reasonable; however, some risks include, but are not limited to,
failing to efficiently continue developing BSM illuminate.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially from those contained in the forward-looking
information. Some of these risks, uncertainties and other factors
are described under the heading "Risk Factors" in BSM's most recent
annual information form available at www.sedar.com.
Forward-looking statements or information are based on estimates
and opinions of management at the date the statements are made.
Except as required by applicable law, BSM does not undertake any
obligation to update forward-looking information. Readers should
not place undue reliance on forward-looking information.
SOURCE BSM Technologies Inc.