Introduction to IXUP's new CEO appointment

IXUP Limited (ASX: $IXU) has announced the appointment of Alastair Watson as its new Chief Executive Officer, effective from 1st June 2024. With over 20 years of experience in scaling SaaS based businesses and a strong track record of driving revenue and profit growth, Alastair Watson brings a wealth of expertise to lead IXUP into its next phase of growth.

Chairman and CEO's comments on the appointment

IXUP Board Chair, Julian Babarczy, expressed the Board's delight in Alastair's appointment, highlighting his ideal leadership qualities and experience suited for the company's significant growth phase. Alastair Watson also shared his excitement, emphasizing IXUP's innovative product and its potential to deliver competitive advantage to organizations across various high growth verticals.

Summary of the appointment and outlook

Alastair Watson's appointment as CEO of IXUP signifies the company's strategic move to leverage his extensive experience in scaling SaaS businesses and driving revenue growth. With a strong background in overseeing significant revenue and profit growth, Alastair is well-positioned to lead IXUP through its next phase of commercializing its world-leading technology. The company's focus on secure data collaboration products and its exclusive contract with the Commonwealth Government of Australia via the Australian Communications and Media Authority (ACMA) for BetStop - National Self Exclusion Register™, reflects its commitment to addressing privacy, cyber security, and compliance considerations. As Alastair takes the helm, IXUP aims to capitalize on the growing need to share and drive revenue from sensitive data and dormant data assets, positioning itself for continued growth and innovation in the technology sector.