Xigem Technologies (CSE:XIGM, OTCQB:XIGMF) Corporation told investors that technology veteran Ezio D'Onofrio, who was CEO of recent acquisition Cylix Data, has joined its board of directors.
On January 24 this year, Xigem reported that it had completed the acquisition of the assets of 2747524 Ontario Inc, operating as Cylix Data Group (CDG) for C$32.35 million.
In addition to the normal duties of a member of Xigem's board, D'Onofrio will oversee the completion and commercialization of the next generation AI technology currently being implemented at Cylix, said Xigem.
"The enhanced functionality will further differentiate the Cylix offering in the market and position it to become one of the leading aggregators and originators of corporate and personal data in the Big Data market I very much look forward to joining the Xigem team and pursuing the immense Big Data market opportunities quickly developing before our eyes," D'Onofrio said in a statement.
READ: Xigem Technologies closes on acquisition of Cylix Data
"The integrated Cylix and Xigem technology will broaden our addressable market and create compelling value for our customers, empowering them to harness vast amounts of data to improve their business decisions and outcomes'" he added.
D'Onofrio is the former president and CEO of Globalive Communications and board director for Wind Mobile. Duringhis tenure, Globalive expanded nationally in Canada and was named by Deloitte as one of Canada's 50 Best Managed Companies for six consecutive years.
Toronto-based Xigem powers technology for the near trillion-dollar remote economy that businesses around the globe are embracing in a post-coronavirus pandemic economy. Its Software-as-a-Service (SaaS) technology platform, iAgent, provides organizations, businesses and consumers with the tools necessary to support remote working and learning.
It also has FOOi - its proprietary peer-to-peer mobile payments app and Cylix - its business intelligence engine.
Contact the author at giles@proactiveinvestors.com