Five9 Appoints Sagar Gupta to Board of Directors, with Backing from Anson Funds and Scalar Gauge Fund
Five9 (NASDAQ: FIVN) has appointed Sagar Gupta, Portfolio Manager at Anson Funds, to its Board of Directors, effective immediately. Gupta brings over a decade of experience in the technology, media, and telecommunications sector and has previously served on the Board of Momentive Global.
Five9's Chairman and CEO, Mike Burkland, expressed confidence in Gupta's ability to contribute to the company's strategy aimed at driving growth, expanding margins, and delivering strong cash flow. Gupta is excited to join the Board and work with Five9's team to address market demands and customer needs.
Sumit Gautam, Founder and Portfolio Manager of Scalar Gauge Fund, also commented positively on Gupta's appointment. Five9 has entered into a cooperation agreement with Anson Funds, which includes standstill, voting, and confidentiality commitments. With Gupta's addition, Five9's Board now comprises 10 directors, nine of whom are independent.
Five9 (NASDAQ: FIVN) ha nominato Sagar Gupta, Portfolio Manager di Anson Funds, nel suo Consiglio di Amministrazione, con effetto immediato. Gupta porta con sé oltre dieci anni di esperienza nei settori della tecnologia, dei media e delle telecomunicazioni e ha precedentemente ricoperto un ruolo nel Consiglio di Momentive Global.
Il Presidente e CEO di Five9, Mike Burkland, ha espresso fiducia nella capacità di Gupta di contribuire alla strategia dell'azienda volta a stimolare la crescita, espandere i margini e garantire un forte flusso di cassa. Gupta è entusiasta di unirsi al Consiglio e di lavorare con il team di Five9 per affrontare le richieste del mercato e le esigenze dei clienti.
Sumit Gautam, Fondatore e Portfolio Manager di Scalar Gauge Fund, ha anche commentato positivamente la nomina di Gupta. Five9 ha stipulato un accordo di cooperazione con Anson Funds, che include impegni di fermezza, voto e riservatezza. Con l'aggiunta di Gupta, il Consiglio di Five9 conta ora 10 membri, nove dei quali sono indipendenti.
Five9 (NASDAQ: FIVN) ha designado a Sagar Gupta, Gerente de Cartera en Anson Funds, para su Junta Directiva, con efecto inmediato. Gupta aporta más de una década de experiencia en el sector de la tecnología, el medio ambiente y las telecomunicaciones, y anteriormente ha formado parte de la Junta de Momentive Global.
El Presidente y CEO de Five9, Mike Burkland, expresó confianza en la capacidad de Gupta para contribuir a la estrategia de la compañía centrada en impulsar el crecimiento, expandir los márgenes y generar un flujo de caja sólido. Gupta se siente emocionado de unirse a la Junta y trabajar con el equipo de Five9 para abordar las demandas del mercado y las necesidades de los clientes.
Sumit Gautam, Fundador y Gerente de Cartera del Scalar Gauge Fund, también comentó de manera positiva sobre la designación de Gupta. Five9 ha firmado un acuerdo de cooperación con Anson Funds, que incluye compromisos de inmovilidad, votación y confidencialidad. Con la adición de Gupta, la Junta de Five9 ahora cuenta con 10 directores, de los cuales nueve son independientes.
Five9 (NASDAQ: FIVN)는 Sagar Gupta를 Anson Funds의 포트폴리오 매니저로 이사회에 즉시 임명했습니다. Gupta는 기술, 미디어 및 통신 분야에서 10년 이상의 경험을 가지고 있으며, 이전에는 Momentive Global의 이사회에서도 활동한 바 있습니다.
Five9의 회장 겸 CEO인 Mike Burkland는 Gupta가 회사의 성장 추진, 이익 확대 및 강력한 현금 흐름 달성을 위한 전략에 기여할 것이라고 확신했습니다. Gupta는 이사회에 합류하고 Five9 팀과 함께 시장의 요구와 고객의 필요에 응답할 수 있기를 기대하고 있습니다.
Scalar Gauge Fund의 창립자이자 포트폴리오 매니저인 Sumit Gautam도 Gupta의 임명에 대해 긍정적인 의견을 전했습니다. Five9는 Anson Funds와 협력 계약을 체결했으며, 여기에는 정지, 투표 및 비밀 유지 약속이 포함됩니다. Gupta가 합류함으로써, Five9의 이사회에는 현재 10명의 이사가 있으며 그 중 9명은 독립적입니다.
Five9 (NASDAQ: FIVN) a nommé Sagar Gupta, gestionnaire de portefeuille chez Anson Funds, à son conseil d'administration, avec effet immédiat. Gupta apporte plus d'une décennie d'expérience dans le secteur de la technologie, des médias et des télécommunications et a précédemment siégé au conseil d'administration de Momentive Global.
Le président et PDG de Five9, Mike Burkland, a exprimé sa confiance dans la capacité de Gupta à contribuer à la stratégie de l'entreprise visant à stimuler la croissance, à élargir les marges et à générer un flux de trésorerie solide. Gupta est enthousiaste à l'idée de rejoindre le conseil et de travailler avec l'équipe de Five9 pour répondre aux demandes du marché et aux besoins des clients.
Sumit Gautam, fondateur et gestionnaire de portefeuille du Scalar Gauge Fund, a également émis un commentaire positif sur la nomination de Gupta. Five9 a conclu un accord de coopération avec Anson Funds qui inclut des engagements de non-concurrence, de vote et de confidentialité. Avec l'ajout de Gupta, le conseil d'administration de Five9 compte désormais 10 membres, dont neuf sont indépendants.
Five9 (NASDAQ: FIVN) hat Sagar Gupta, Portfolio-Manager bei Anson Funds, mit sofortiger Wirkung in seinen Vorstand berufen. Gupta bringt über ein Jahrzehnt Erfahrung im Bereich Technologie, Medien und Telekommunikation mit und hat zuvor im Board von Momentive Global gedient.
Mike Burkland, Chairman und CEO von Five9, äußerte Vertrauen in Guptas Fähigkeit, zur Unternehmensstrategie beizutragen, die darauf abzielt, das Wachstum voranzutreiben, die Margen zu erweitern und einen starken Cashflow zu erzielen. Gupta freut sich darauf, dem Vorstand beizutreten und mit dem Team von Five9 zusammenzuarbeiten, um den Marktanforderungen und Kundenbedürfnissen gerecht zu werden.
Sumit Gautam, Gründer und Portfolio-Manager des Scalar Gauge Fund, äußerte sich ebenfalls positiv zu Guptas Ernennung. Five9 hat eine Kooperation mit Anson Funds vereinbart, die Absprachen über Stimmrechte, Vertraulichkeit und Stillhalteversprechen umfasst. Mit der Hinzufügung von Gupta umfasst der Vorstand von Five9 nun 10 Direktoren, von denen neun unabhängig sind.
- Appointment of Sagar Gupta, an experienced technology investor, to the Board.
- Gupta's background includes over a decade of experience in the technology, media, and telecommunications sector.
- Five9 aims to drive growth, expand margins, and deliver strong cash flow.
- Cooperation agreement with Anson Funds includes standstill, voting, and confidentiality commitments.
- Board expansion to 10 directors, with nine being independent.
- None.
“Our Board and management team are confident that we have the right strategy in place to drive durable growth, expand margins, deliver strong cash flow and ultimately generate significant returns for our shareholders,” said Mike Burkland, Chairman and CEO, Five9. “We look forward to welcoming Sagar to our Board and benefitting from his insights as an experienced technology investor, public company director and shareholder of Five9.”
“Having worked in both leadership and investing roles in the software sector, I recognize the significant value creation potential at Five9,” said Gupta. “I am excited to join the Board as Five9 adapts to broader market demands and continues to address the changing needs of its customer base. I have greatly benefited from my constructive engagement with Five9’s management and Board over the past several months, and look forward to working collaboratively with my fellow directors to help Five9 capitalize on the opportunity that lies ahead.”
Gupta brings more than a decade of experience in the technology, media and telecommunications sector, and previously served on the Board of Directors of Momentive Global, the holding company parent of SurveyMonkey. Currently, he serves as Portfolio Manager and Head of Active Engagement at Anson Funds, a privately held alternative asset manager led by Chief Investment Officer Moez Kassam.
Commenting on Five9 and the appointment of Gupta, Sumit Gautam, Founder and Portfolio Manager of Scalar Gauge Fund said, “We look forward to the work that Sagar and Five9’s Board will do to drive shareholder value creation.”
Five9 has entered into a cooperation agreement with Anson Funds Management LP and Anson Advisors, Inc., the co-investment advisors of certain investment funds (collectively, “Anson Funds”), pursuant to which Anson Funds has agreed to customary standstill, voting and confidentiality commitments, among other provisions.
With the appointment of Gupta, Five9’s Board will increase to 10 directors, nine of whom are independent.
About Five9
The Five9 Intelligent CX Platform, powered by Five9 Genius AI, provides a comprehensive suite of solutions to power AI-elevated customer experiences that deliver better business outcomes and Bring Joy to CX™. Our unified cloud-native offering enables hyper-personalized customer experiences and more empowered employees, making every customer interaction more connected, effortless, and personal. Trusted by 2,500+ customers and 1,400+ partners globally, Five9 brings together the power of AI, our platform, and our people to drive AI-elevated CX.
For more information, visit www.five9.com.
About Sagar Gupta
Sagar Gupta has served as a Portfolio Manager and Head of Active Engagement at Anson Funds since 2023. Prior to Anson Funds, he was a Senior Analyst at Legion Partners and served on the Board of Directors at Momentive Global, the holding company parent of SurveyMonkey. Previously, Sagar was a member of the founding team at Finchwood Capital, and an investment professional at Balyasny Asset Management and KKR. Sagar began his career as an investment banker with UBS. He earned a BS in Business Administration from the Haas School of Business at the University of
About Anson Funds
Anson Funds is a privately held alternative asset manager with
For more information, visit www.ansonfunds.com.
About Scalar Gauge
Scalar Gauge is a special situations investment firm with significant expertise in enterprise software. The fund invests in high-quality businesses with a long-term view, and often works with management teams, boards and other strategic investors to help create shareholder value. For more information, please visit www.scalargauge.com.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the statements in the quote from our Chairman and Chief Executive Officer and members of our Board of Directors, including statements regarding our strategy and opportunity, that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include, among others: (i) the impact of adverse economic conditions, including the impact of macroeconomic challenges, including continued inflation, increased interest rates, supply chain disruptions, decreased economic output and fluctuations in currency rates, the impact of the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241209155960/en/
Five9 Investor Relations Contacts:
Five9, Inc.
Barry Zwarenstein
Chief Financial Officer
925-201-2000 ext. 5959
ir@five9.com
The Blueshirt Group for Five9, Inc.
Lisa Laukkanen & Emily Greenstein
ir@five9.com
Anson Funds Contact:
Dan Zacchei
Longacre Square Partners
anson@longacresquare.com
Source: Five9
FAQ
Who has Five9 appointed to their Board of Directors?
What is Sagar Gupta's background?
What are the strategic goals mentioned by Five9's CEO?
What commitments are included in the cooperation agreement with Anson Funds?
How has Five9's Board changed with Gupta's appointment?
