At Asigra, father-son team replaced by newly hired execs

Tuesday, February 1st 2022

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The company, which is based in Toronto, has remained private without accepting venture capital investment, according to Dave Raffo, senior analyst at Evaluator Group.

The turnover of top-line executives marks a dramatic step for a company that has remained successful, albeit small. The continued profitability of the company under the same leadership marks consistency in the product’s capability and demand, alongside a seldom-seen length of tenure in the industry, according to Raffo.

“This is a really sweeping change,” he said. “That’s a different company right there, especially when they’re coming in and replacing a son-and-pop shop.”

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