TECSYS Welcomes New CFO Designate
MONTREAL, QUEBEC--(Marketwired - May 19, 2017) - TECSYS Inc. (TSX:TCS), an industry-leading supply chain management software company, is pleased to announce the appointment of Brian Cosgrove, CPA, CA, as Chief Financial Officer Designate to succeed Berty Ho-Wo-Cheong. Mr. Ho-Wo-Cheong will be stepping down on July 6, 2017 after almost 20 years as CFO to take on a new role within the business. Mr. Cosgrove will take over the role of CFO after the Company has released its annual financial results for the year ended April 30th 2017.
Mr. Cosgrove brings to TECSYS extensive experience in financial management, mergers & acquisitions and capital markets as well as a successful track record in leadership roles with fast-growing companies in the software and healthcare industry. Prior to joining TECSYS, Mr. Cosgrove served as the Chief Financial Officer of Logibec Inc. from 2011 to 2017 where he played a key role in its profitable growth after being taken private by Omers Private Equity. From 2002 to 2011, Mr. Cosgrove served as VP Finance and Corporate Services of The Createch Group, a Bell Canada company. Mr. Cosgrove qualified as a Chartered Accountant in 1991 having articled with Deloitte's Montreal office.
"His industry track record demonstrates a commitment to excellence and continuous improvement. We are delighted to have him join our team," said Peter Brereton, President and Chief Executive Officer of TECSYS.
Berty Ho-Wo-Cheong has been the CFO of TECSYS since 1998. During his tenure TECSYS has grown revenues from $18M to $67M.
"I would like to thank Berty for his exceptional contribution as the CFO of TECSYS and look forward to his continued contribution to the organization," added Mr. Brereton.
TECSYS provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. TECSYS solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, as well as complete financial management and analytics. Customers running on TECSYS' Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business needs or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, TECSYS puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.
TECSYS is the market leader in supply chain solutions for health systems and hospitals. Over 600 mid-size and Fortune 1000 customers trust their supply chains to TECSYS in the healthcare, service parts, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2016. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).
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