QFY hires ex-Cisco exec as it shifts to full commercialisation
Quantify Technology Holdings (ASX:QFY) has announced the appointment of ex-Cisco executive David Barker to the role of General Manager to coincide with the company’s directional shift towards increased accelerated commercialisation.
Mr Barker brings to the role a wealth of experience in this area, with almost 30 years’ leadership in sales and strategic planning for Oracle and Cisco, among other major multinationals.
In terms of the directional shift the company is looking to take, management’s focus will be on ensuring it has ample commercialisation expertise to accelerate its major contract deal flow for its innovative products and platforms.
It is still early stage in QFY’s commercialisation ambitions so investors should seek professional financial advice if considering this stock for their portfolio.
QFY’s proprietary Q Device and Febric Extension fascia technologies act as a replacement for standard power outlets and light switches in buildings, making them ‘intelligent’ using IoT technology. Fabric Extension is achieved by incorporating the frequencies and ‘languages’ used in IoT devices in QFY’s Fabric Extension fascias. This allows other vendor IoT solutions to use the always powered, internet-connected hardware that is at the core of Quantify’s platform.
Mr Barker will endeavour to accelerate the company’s commercialisation efforts for its technology, in particular its flagship Q Device product. Prior to this appointment, Mr Barker acted as a consultant to the company and also spent 20 years at tech giant Cisco in a range of senior positions including Country Manager for New Zealand.
For three years Mr Barker was also based in Singapore as Cisco’s Sales Director, Service Sales, where he was responsible for establishing and maintaining Service Sales for the Company’s Tier-1 accounts and developed a services group to implement and maintain new product introduction and solution support.
At Oracle, he was Systems Vice President – Australia and New Zealand, where he managed the systems group across Australia and New Zealand and was a member of Oracle’s senior leadership team.
QFY shifts to full throttle commercialisation efforts
The appointment of Mr Barker is part of an overall corporate restructure for the company, as it expands its commercialisation efforts. As part of this restructure, it is actively reducing overheads and devoting resources towards sales and marketing – its key focus at this stage of growth.
“I am very excited about Quantify Technology’s prospects and pleased to be joining the firm in a fulltime role. During my time consulting for the Company, I gained a comprehensive understanding of its tremendous technology that solves many of the problems currently faced in the Internet of Things market and recognise the enormous potential of the Company moving forward,” Mr Barker said.
Quantify Managing Director Mark Lapins also commented on the appointment.
“David’s appointment significantly bolsters Quantify Technology’s leadership team as the Company focusses on accelerating the commercialisation and sale of its technology. His strong background in sales and strategic planning for some of the world’s biggest technology companies is a tremendous asset as we look to our next phase of growth.”
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.