VANCOUVER, BC, Dec. 21,
2022 /CNW/ - Jasper Commerce Inc. (TSXV: JPIM)
("Jasper" or the "Company"), a leading provider of Product
Information Management ("PIM") solutions, announces strategic
changes to the Company's management team. Jon Marsella will be stepping down from the role
of Chief Executive Officer and Chairman and will become the
Company's Chief Growth Officer. The Board has elected to
appoint Gerry Hurlow Interim Chief Executive Officer and
Chairman. Mr. Hurlow will continue to work with Mr. Marsella
on the growth of the Company, while expanding the responsibilities
of the Company's Chief Operating Officer, Sean Coutts. As such, the Board has
appointed Mr. Coutts as President in addition to COO of the
Company.
Mr. Hurlow is President of Meteor Capital Inc., a company that
invests in emerging Canadian technology companies. Meteor has
been a significant shareholder and investor in Jasper since 2017. Mr. Hurlow has been a
Director of Jasper since 2018,
having joined the Board of Directors prior to the Company's public
listing.
Mr. Coutts joined Jasper in mid
2021 as Chief Technology Officer & COO with his initial focus
on product advancement and customer support. Since that time,
Jasper's PIM software has been
strengthened significantly with the addition of important new
features. Customer satisfaction has improved and the rate of
churn has fallen. In July of this year, responsibility for
sales execution was added to his role. Mr. Coutts has quickly
revamped sales operations to create a process that has translated
into new software revenue being added each month on a more
predictable basis. As President, he will take on additional
responsibility for the finance team alongside Mr. Hurlow.
"Sean has shown great leadership and I am excited about the
continued progress that I expect he will drive in his expanded
role." said Jon Marsella,
Jasper's Founder. "With
Gerry and Sean taking full responsibility for operations and
finance, I will be able to focus on major customer relationships,
enterprise software sales and partner development. I am
excited to work as Chief Growth Officer and be able to exclusively
focus on accelerating customer growth and strategic
relationships. We want to accelerate the growth of
Jasper and this change will allow
me to apply all my energies to this task; a change that will
provide greater benefit to shareholders and customers alike."
About Jasper Commerce
Inc.
Jasper offers a Product
Information Management ("PIM") solution that has the
objective of empowering eCommerce merchants to manage and
merchandise their products from a single source of truth,
facilitating them to sell more, sell faster and work smarter.
Jasper's PIM is accessible from
anywhere via a web-browser and is intended to simplify the process
by which online merchants import product data into the PIM. Once
uploaded, merchants can add various product data including product
attributes, images, videos, marketing information, inventory
quantities and price books and efficiently merchandise their
products using various features that include, among other things,
the ability to adjust product categorization, pricing data and
other key metrics. Jasper's PIM
also allows for automatic syncing to popular eCommerce storefronts,
marketplaces, or other connected channels, whenever new products
are added to the PIM.
Neither 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.
Forward Looking
Statements
This release may contain forward-looking statements.
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or
"should" occur. Although Jasper
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results may differ
materially from those in forward looking statements. Jasper expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or
otherwise.
SOURCE Jasper Commerce, Inc.