Pivot Technology Announces Management Changes

SAN DIEGO, CA, Jan. 12, 2016 /CNW/ - Pivot Technology Solutions, Inc. ("Pivot" or the "Company") (TSX-V: PTG) today announced the following management changes.  On the recommendation of President and CEO Warren Barnes, Pivot's Board of Directors has approved the promotion of Kevin Shank, currently a member of Pivot's senior management team, to President of the Company.  Shaun Maine, currently leader of Pivot's ProSys subsidiary, will assume the additional role of Chief Operating Officer of the Company and will report to Mr. Shank.  Both changes will take effect immediately.  Mr. Barnes will remain as CEO to support a transition of leadership before leaving to pursue other executive opportunities outside of Pivot later in 2016.  Mr. Barnes will also continue to serve as a member of Pivot's Board of Directors. 

Kevin Shank brings 20 years of senior leadership experience in the IT industry.  Prior to joining Pivot in 2015, he held various senior leadership positions at CompuCom, a global, multi-billion dollar IT solutions, services and consulting business.  As Executive Vice President and Chief Services Officer at CompuCom, he was responsible for 9,000 of its associates.  Under his leadership, CompuCom grew to be one of the largest device management companies in North America, as measured by Gartner (2013).  Additionally, he helped lead the integration of two acquisitions, the largest of which was Getronics NA.  Mr. Shank joined CompuCom in 2004 as a result of the acquisition of GE's IT Solutions business unit. 

"This management transition reflects Pivot's progression as a leading solutions provider with a strong focus on growing its services business and a broadening geographic reach," stated John Sculley, Chairman of the Board for Pivot.  "Kevin brings a proven track record in building large, high-end IT businesses that have customer experience as the focal point of their delivery.  He has proven to be equally adept at generating organic growth and unlocking the potential of acquisitions, some of the reasons why we believe he is the right person to take Pivot to the next level in its development.  We thank Warren for his leadership in building Pivot into the well-diversified and strongly positioned multi-vendor solutions provider it is today, and we are very pleased that he will remain on the Board to provide continued assistance to the Company."

Mr. Shank commented, "I really appreciate the culture that Warren has created at Pivot.  Equally, I love the passion this company and its employees have for providing excellent service to our highly valued customers.  I joined Pivot as I was impressed with its vision, the quality of its people, the continuous drive to innovate, and its best-in-class delivery of optimal solutions.  I believe we have the strength, scale, talent and know-how to help us achieve our ambition of becoming North America's dominant multi-vendor solutions provider, and I look forward to the opportunities ahead."

About Pivot Technology Solutions, Inc.
Together with its portfolio companies and partners, Pivot delivers solutions that enable organizations to design, build, implement and maintain computing and communication infrastructure that addresses their unique business needs. Pivot's approach supports improvement of business performance, helps organizations reduce capital and operating expenses, and accelerates the delivery of new products and services to end-customers. With over 2,000 clients, many of whom are Fortune 1,000 companies, Pivot extends its value added solutions to help organizations of all sizes improve operating efficiency, reduce complexity and enhance service delivery through virtualization and cloud computing. Pivot enables businesses to extend their enterprise through mobility solutions to better connect business partners and customers. Pivot has offices throughout North America and can be found online at www.pivotts.com.

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.

SOURCE Pivot Technology Solutions, Inc.



For further information: Marc Lakmaaker, NATIONAL Equicom, investors@pivotts.com, Tel: 416 848 1397


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