TORONTO, April 1,
2024 /CNW/ - TERAGO Inc. ("TERAGO" or the
"Company") (TSX: TGO)
(www.terago.ca), today announced the
appointment of Rajneesh Sapra as
Chief Financial Officer ("CFO"), effective April 1, 2024.
"We are very pleased to welcome Rajneesh to TERAGO. His
strategic leadership, broad capital markets experience and strong
M&A track record will add important value to the business.
Additionally, his strong operational focus will contribute
significantly to our financial strategy, driving growth, improving
cash flow generation, and enhancing shareholder value as we
continue to execute our business transformation. We also want to
thank Parveen Mithra for her strong leadership as Interim CFO and
look forward to her continued contributions." said Daniel Vucinic, Chief Executive Officer.
Most recently, Rajneesh served as CFO of NexJ Systems, a
publicly traded fintech company. Rajneesh was with NexJ for 12
years where he led the finance function end-to-end and played a
pivotal role in leading the company through significant milestones,
including its successful initial public offering and eventual
acquisition by a large Canadian software company. Before NexJ,
Rajneesh was with KPMG LLP in their technology audit practice in
Toronto, focusing on telecom and
software technology sectors.
"I am pleased to join TERAGO and look forward to
collaborating with Dan and the team to drive strong financial
performance and create value for all stakeholders." said
Rajneesh Sapra.
About TERAGO
TERAGO provides managed network and security services to
approximately 1900 businesses across Canada ensuring highly secure, reliable and
redundant connectivity services including fixed wireless access and
fiber and cable wireline network connectivity.
TERAGO's wireless connectivity services include private 5G.
As Canada's biggest mmWave spectrum holders, the Company
possesses exclusive spectrum licenses in the 24 GHz and 38 GHz
spectrum bands, which it utilizes to provide secure, dedicated SLA
guaranteed enterprise grade performance that is technology diverse
from buried cables ensuring high availability connectivity
services.
TERAGO serves approximately 1,900 Canadian and Global businesses
operating in major markets across Canada,
including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa, and Winnipeg,
and has been providing wireless services since 1999. For more
information about TERAGO, please
visit www.terago.ca.
Forward-Looking
Statements
This news release includes certain forward-looking statements.
By their nature, forward-looking statements are subject to numerous
risks and uncertainties, some of which are beyond TERAGO's control.
Forward-looking statements may include but are not limited to
statements regarding the further developing our 5G Fixed Wireless
Access program, consistently executing across all fronts of the
business, success in providing Canadian enterprises with managed
services and the 5G fixed wireless trials being conducted by the
Company. All such statements constitute "forward-looking
information" as defined under, applicable Canadian securities laws.
Any statements contained herein that are not statements of
historical facts constitute forward-looking information. Except as
may be required by applicable Canadian securities laws, TERAGO does
not intend, and disclaims any obligation, to update or revise any
forward-looking statements whether in words, oral or written as a
result of new information, future events or otherwise.
SOURCE TeraGo Inc.
