Serial entrepreneur brings market experience in key oil and gas vertical market to Redline's board
TORONTO, Dec. 19, 2013 /CNW/ - Redline Communications (www.rdlcom.com) Group Inc. (TSX: RDL), a leading provider of broadband wireless solutions and machine-to-machine (M2M) communications for oil and gas and other industrial markets today announced the appointment of Nizar Jaffer Somji to its board of directors, replacing Skuli Mogensen who is leaving the board to focus on his role as CEO of WOW Air.
"We welcome Nizar to the Redline Communications board of directors," said Philippe de Gaspé Beaubien, Redline's chairman of the board. "Nizar's entrepreneurial experience will contribute greatly to the board's effectiveness, particularly in Redline's key vertical - the oil and gas industry. Redline has made substantial strategic personnel and operational changes as we exit 2013, and adding Nizar to the board of directors is another element of our formula for success in 2014."
Nizar is a serial entrepreneur, corporate executive and board director with a proven track record of growing businesses. He is the founder and former president and chief executive officer (CEO) of Matrikon Inc., a recognized leader in industrial intelligence for the oil and gas industry. Nizar grew Matrikon from a one person operation to a publicly traded, multinational company employing 600 people, which serves customers on six continents and produces revenues in excess of $90 million. Under Nizar's leadership, Matrikon enjoyed 22 years of growth, profitability and international expansion, all with a strong, debt-free balance sheet. Matrikon was acquired by Honeywell in June 2010 for $144 million.
Nizar founded and currently serves as president and CEO of Jaffer Inc., a real estate, investment and hospitality company with assets in Canada and the USA. Nizar is also chairman of the board of Zafin Inc., an award-winning supplier of relationship banking software solutions to the financial services industry. Most recently, Nizar was appointed to the Board of Governors at the University of Alberta.
Nizar holds a Master of Science in chemical engineering from the University of Alberta and a Bachelor of Science in electrical engineering from the University of Birmingham in the United Kingdom.
In addition to Nizar, Redline's board of directors consists of chairman Philippe de Gaspé Beaubien III, CEO of Telemedia Ventures Inc; Eric Demirian, president of Parklea Capital; Rob Soni, Matrix Partners; and Robert Williams, CEO of Redline Communications; John Wilson, president and CEO of Quantapoint Inc.
About Redline Communications
Redline Communications (www.rdlcom.com) is the innovator of Virtual Fiber™, a specialized wireless broadband solution used to cost-effectively deploy and extend secure networks, enable M2M applications, connect digital oilfields and smart grids, facilitate and enhance public safety networks, and bring Internet access wherever and whenever it's needed - regardless of terrain or how remote. For more than a decade Redline has delivered powerful, versatile and reliable wireless solutions to governments, militaries, oil and gas companies and telecom service providers through its global network of certified partners. For more information visit www.rdlcom.com.
SOURCE: Redline Communications Group Inc.
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