Chairman of the Board Doug Colbeth Named TSX Tech Executive of the Year
OTTAWA, Jan. 29, 2016 /CNW/ - Kinaxis® (TSX:KXS), provider of RapidResponse®, delivering cloud-based SCM and S&OP applications, has been named the 2015 TSX Tech Stock of the Year by Cantech Letter. The Canadian technology magazine also recognized Doug Colbeth, Chairman of the Kinaxis Board of Directors, as the TSX Tech Executive of the Year.
"We are honored to be recognized as the 2015 TSX Tech Stock of the Year," said Richard Monkman, Kinaxis' Chief Financial Officer. "This award highlights our company's continued success, and reflects the confidence placed in us by our many customers, partners, and investors. We take that confidence they have entrusted in us very seriously and work hard every day to continue to earn it. Our success since the IPO a year-and-half ago would not have happened without our talented Board of Directors, strong executive leadership team, and passionate and dedicated employees who make this company a true Canadian success story."
The 2015 TSX Tech Stock of the Year is awarded to the company more than two dozen industry research analysts determined had the strongest performance over the past year. It is based on results of an anonymous poll conducted by Cantech Letter.
"Kinaxis is a more than deserving recipient of the 2015 TSX Tech Stock of the Year and Mr. Colbeth of the Executive of the Year," said Cantech Letter Founder and Editor Nick Waddell. "The company's success should serve as a beacon to other innovators considering the public route that the capital markets are thriving for technology in Canada and will reward companies that execute."
Also recognized by Canadian Business as the top performing stock of 2015, Kinaxis was officially added to the S&P/TSX Composite Index in late December following its remarkable growth over the first three quarters of the year.
"While I'm grateful to be receiving this special recognition, I want to emphasize that it is our amazing employees who truly deserve the credit," said Colbeth, who officially stepped down as CEO at the end of 2015 and was succeeded by company veteran John Sicard. "Without their hard work, commitment to our customers, and continued drive to innovate, we would never have developed into the industry leader we are today."
Kinaxis will officially release its 2015 year-end results in mid-February.
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to Kinaxis' growth opportunities and the potential benefits of, and demand for, Kinaxis' products and services. These statements are subject to certain assumptions, risks and uncertainties, including our view of the relative position of Kinaxis' products and services compared to competitive offerings in the industry. Readers are cautioned not to place undue reliance on such statements. Kinaxis' actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause the actual results, performance, achievements or developments of Kinaxis to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by Kinaxis with Canadian securities regulatory authorities. Kinaxis assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
Kinaxis is a leading provider of cloud-based subscription software that enables our customers to improve and accelerate analysis and decision-making across their supply chain operations. The supply chain planning and analytics capabilities of our product, RapidResponse, create the foundation for managing multiple, interconnected supply chain management processes. By using the single RapidResponse product instead of combining individual disparate software solutions, our customers gain visibility across their supply chains, can respond quickly to changing conditions, and ultimately realize significant operating efficiencies.
SOURCE Kinaxis Inc.
For further information: Media Relations : Alexa Cheater, Tel: (613) 592-5780 ext. 5516, [email protected]; Investor Relations: Ross Marshall, LodeRock Advisors Inc., Tel: (416) 526-1563, [email protected]