VersaBank Washington, D.C. Subsidiary, DRT Cyber Inc., Strengthens Board with Appointment of Avery Pennarun
2020年4月15日 - 8:30PM
ビジネスワイヤ(英語)
VersaBank (TSX: VB) subsidiary, DRT Cyber Inc. (“DRT Cyber”),
based in Washington, D.C., today announced that it has strengthened
its board of directors with the appointment of Avery Pennarun. Mr.
Pennarun is co-founder and CEO of Tailscale Inc., which helps
remote teams securely access the services they need, without the
long setup times of traditional VPNs, and is also a director of
VersaBank. Mr. Pennarun joins the current members of the DRT Cyber
board: former Pennsylvania Governor Tom Ridge (Chairman), Chairman
of Ridge Global LLC and the first U.S. Secretary of Homeland
Security; Barbara C. Chaffee, President & CEO of the Tom Ridge
Environmental Center Foundation; and David Taylor, President &
CEO, VersaBank and DRT Cyber.
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the full release here:
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Mr. Pennarun was previously Senior Software Engineer at X Inc.,
Google Fiber, and Google Inc., three Alphabet companies, and was in
the top 3% of Google employees, reporting directly to Alphabet’s
co-founder and board of directors. Mr. Pennarun has had an
extensive career in both software development and software
engineering and is regarded as one of Canada’s best and brightest
in his field. Mr. Pennarun attended the University of Waterloo,
where he graduated with Honours, earning a Bachelor of Applied
Science degree in Computer Engineering.
DRT Cyber will follow in the innovative path on which VersaBank
was founded and focus on developing innovative cyber security
solutions for the ever-expanding digital world and address the
rapidly growing cyber threats facing financial institutions,
multi-national corporations and government entities.
“I am very pleased to announce the appointment of Mr. Avery
Pennarun to the board of DRT Cyber,” stated David Taylor, President
& CEO of VersaBank, and its subsidiary, DRT Cyber. “Mr.
Pennarun is a key strategic addition given his extensive knowledge
in software development and software engineering, which will be of
significant value as we focus on identifying areas where cyber
threats are significant and bringing to market the much-needed
solutions for this rapidly growing industry. Our target market –
financial institutions, multi-national corporations and government
entities – are all increasingly challenged with guarding against
cyber threats on a daily basis.”
“I’m pleased to have accepted the invitation to serve on the
board of one of the leaders in the field of cyber security,” said
Mr. Pennarun. “I’m looking forward to working with our board and
management to bring my specific expertise to bear as DRT Cyber
develops strong and secure solutions to address the significant
challenges and very immediate needs this industry is facing. I also
look forward to providing my guidance and counsel as DRT Cyber
explores acquisition opportunities in the cyber security space as
part of its growth strategy.”
About DRT Cyber Inc.
DRT Cyber Inc., a wholly owned subsidiary of VersaBank, was
formed to identify significant cyber security threats and to
develop innovative solutions to address the rapidly growing volume
of cyber threats which financial institutions, multi-national
corporations and governmental departments and agencies, are
increasingly challenged with guarding against on a daily basis. DRT
Cyber will operate from Washington, D.C., and service clients
globally. Visit DRT Cyber’s website at https://drtcyber.com.
About VersaBank
VersaBank adopted an electronic B2B branchless model in 1993,
becoming the world’s first branchless financial institution. It
holds a Canadian Schedule I chartered bank license and obtains its
deposits, and the majority of its loans and leases, electronically.
VersaBank’s Common Shares trade on the Toronto Stock Exchange under
the symbol VB and its Series 1 Preferred Shares and Series 3
Preferred Shares trade under the symbols VB.PR.A and VB.PR.B,
respectively. Visit VersaBank’s website at
https://www.versabank.com.
Forward-Looking Information
Information in this news release that is not current or
historical factual information may constitute forward-looking
information within the meaning of securities laws. This information
is based on certain assumptions regarding software development,
expected growth, results of operations, performance, and business
prospects and opportunities (collectively, the “Assumptions”).
While VersaBank considers these Assumptions to be reasonable, based
on information currently available, they may prove to be incorrect.
Forward-looking information is subject to a number of risks,
uncertainties and other factors that could cause actual results to
differ materially from what VersaBank currently expects. These
risks, uncertainties and other factors include, but are not limited
to, the timing and market acceptance of future products,
competition in DRT Cyber’s markets, the development of appropriate
and secure software in respect of DRT Cyber, the ability of DRT
Cyber to provide a safe and private vault for digital assets,
VersaBank’s reliance on customers, fluctuations in currency and
exchange rates, commodity prices or interest rates, changes in the
law or regulations and VersaBank’s ability to protect its
intellectual property (collectively, the “Risks”). For more
exhaustive information on these Risks, please refer to VersaBank’s
filings with the securities regulatory authorities, including
VersaBank’s most recently filed annual information form, which is
available on SEDAR at www.sedar.com. Other than as required under
securities laws, we do not undertake to update any forward-looking
information at any particular time. The reader should not place
undue importance on forward-looking information and should not rely
upon this information as of any other date. All forward-looking
information contained in this news release is expressly qualified
in its entirety by this cautionary statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20200415005108/en/
VersaBank: Wade MacBain, Investor Relations, 800-244-1509
wadem@versabank.com DRT Cyber Inc.: Tel Matrundola, 202-410-6102
telm@drtcyber.com
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