Boardwalktech signs multi-year deal, names Steve Bennet as CFO

Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) announced it has signed a multi-year contract with a NYSE-listed global professional services firm and appointed Steve Bennet as chief financial officer.

The contract involves deploying Boardwalktech's Velocity product for Excel data management to approximately 30 users within the client's finance division. The company expects about $70,000 in annual recurring revenue for the first year, with an additional $40,000 in follow-on annual recurring revenue.

"Companies continue to rely on the Boardwalktech Velocity product to aggregate, validate and provide an audit trail on mission-critical finance data," said Andrew Duncan, CEO of Boardwalktech. "This initial contract has the potential to scale up meaningfully over time."

Bennet, who was previously a company director, brings over 30 years of experience as chief financial officer, investor, and board member of more than 100 technology startups in Silicon Valley. He founded and manages consulting firm Bodega Partners.

His previous CFO roles include positions at companies such as Rollbar, Revel Systems, and iControl Networks, which was acquired by Comcast. He also served as CFO at several companies that were subsequently acquired, including Greystripe, Fliqz, and Orbital Data.

Boardwalktech develops digital ledger technology platforms used by Fortune 500 companies for enterprise information management applications. The company is headquartered in Cupertino, California, with offices in India and operations across North America.

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