|By Marketwired .||
|April 1, 2014 07:21 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/01/14 -- LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") is pleased to announce that Bernd Petak has assumed the role of COO of LXV portfolio company Copper.io effective immediately. Bernd Petak is a Vancouver, B.C., based entrepreneur, mentor, technology executive and investment professional. Bernd currently serves as President of the Company, and has resigned this role in order to focus his efforts on the development of Copper.io.
As a former strategy and operations consulting partner at Deloitte, Bernd's clients included global brand name technology-driven companies such as Vodafone, 3Com and AT&T. Bernd is also a founding and exited entrepreneur in the computer gaming space, multiple-time CEO and CFO, as well as a senior executive in a variety of technology enterprises. Bernd operated as an M&A professional representing major venture capital and strategic acquirers. He actively contributes to the startup community as an advisor and mentor to several early-stage technology ventures both directly, and via accelerators and incubators such as Vancouver's GrowLab and Launch Academy.
"LX Ventures is moving from acquisition mode to a greater focus on the success of our individual portfolio companies," said Mike Edwards, CEO of LX Ventures. "Bernd is an experienced technology company operator and his assistance is highly beneficial as Copper grows quickly from its current base of 21 team members."
Bernd Petak, COO of Copper.io, said, "Part of our promise to the Copper team at the time of our acquisition was to quickly enhance its management team with the capacity required to grow quickly, while continuing to provide the amazing service that Copper customers have grown to expect. I'm extremely happy to join Ed Byrne and the Copper team and to be able to focus on the opportunity that the incredible growth the cloud computing space affords."
Ed Byrne, CEO of Copper.io added, "We've grown Copper.io over the past year to include a great stack of developer tools and we're working with over 35,000 users and well over 1,000 paying companies. Our team has grown too and I'm delighted that Bernd is joining our leadership to help us manage growth and ensure we continue to deliver great customer support."
About LX Ventures
LX Ventures identifies high potential technology companies at revenue and brings together the right mix of talent, experience and resources to rapidly accelerate each company's growth. Our value-added approach enables our portfolio companies Mobio, Strutta, Sosido and Copper.io to focus on scaling, driving revenue and expanding market share. LX is publicly traded company on the TSX-V, headquartered in Vancouver, BC. To learn more, visit http://www.lxventures.com.
Copper.io provides a suite of tools that enables the developers of today's most in-demand web and mobile applications to serve their users around the world faster, easier and with less dependency on the proprietary tools of major cloud providers such as Amazon, Google or Rackspace. Copper.io makes deploying applications more economical by constantly monitoring infrastructure costs across multiple providers. Copper.io tools also make customer applications more reliable by monitoring key features around the clock and notifying customers of any outages before their users are affected. Headquartered in Vancouver, BC, the company's customers include Salesforce, Glassdoor and McCann WorldGroup. For more information, visit Copper.io.
ON BEHALF OF THE BOARD, LX VENTURES INC.
Mike Edwards, CEO
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory 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.
Jul. 23, 2016 07:00 AM EDT Reads: 1,871
Jul. 23, 2016 07:00 AM EDT Reads: 2,235
Jul. 23, 2016 06:45 AM EDT Reads: 559
Jul. 23, 2016 06:30 AM EDT Reads: 590
Jul. 23, 2016 06:00 AM EDT Reads: 1,562
Jul. 23, 2016 05:30 AM EDT Reads: 1,324
Jul. 23, 2016 05:30 AM EDT Reads: 1,698
Jul. 23, 2016 05:15 AM EDT Reads: 1,140
Jul. 23, 2016 05:00 AM EDT Reads: 1,778
Jul. 23, 2016 05:00 AM EDT Reads: 1,473
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Jul. 23, 2016 04:30 AM EDT Reads: 1,914
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 04:30 AM EDT Reads: 1,385
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jul. 23, 2016 04:00 AM EDT Reads: 2,332
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
Jul. 23, 2016 03:45 AM EDT Reads: 1,754
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Jul. 23, 2016 03:45 AM EDT Reads: 1,576