Genasys Inc. Appoints Dennis Walsh as Chief Revenue Officer

Rhea-AI Summary

Genasys Inc. (NASDAQ: GNSS) has appointed Dennis Walsh as Chief Revenue Officer to spearhead the company’s sales and marketing initiatives focused on driving revenue growth. Walsh brings over 25 years of leadership experience in software business development, previously serving in executive roles at Cognigy and Redwood Software, where he significantly increased revenue. CEO Richard S. Danforth expressed confidence in Walsh’s ability to enhance Genasys' offerings and expand market presence, particularly in life-safety solutions.

Positive

• Dennis Walsh has over 25 years of experience in software business development, enhancing credibility.
• Expected to drive revenue growth through his expertise in SaaS and technology sectors.
• Leadership change may bring fresh perspectives and strategic focus on life-safety systems.

Negative

• None.

Software Industry Veteran Heading Company's Sales & Marketing with Focus on Driving Revenue Growth

SAN DIEGO, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions, today announced the appointment of Dennis Walsh as the Company’s Chief Revenue Officer (CRO). Mr. Walsh has more than 25 years of senior leadership experience in software business development, sales and marketing.

Richard S. Danforth, Chief Executive Officer, Genasys Inc. said, “Dennis' experience building and running successful technology and software-as-a-service (SaaS) companies, makes him the ideal choice to serve as CRO and lead our sales and marketing teams. He has established high performing sales, marketing and support organizations, spearheaded sales of new SaaS business applications to many worldwide corporations, and significantly increased revenue for the companies in which he served. We welcome Dennis and his extensive global experience empowering technology companies with market leadership and robust revenue growth."

Dennis Walsh, Chief Revenue Officer, Genasys Inc. said, "I am thrilled to work with Richard and the leadership team at Genasys. From my initial introduction to the Company, I felt a unique connection to its mission and culture as well as a sincere appreciation for its industry leading solutions that are truly helping to save lives. I look forward to enhancing our life-safety systems offerings and driving revenue growth in current and new markets."

Mr. Walsh was recently the Principal of Walsh Consulting Services, which provided management consulting to startup, re-start and mature technology organizations. From 2019 – 2020, Mr. Walsh served as Senior Vice President, Americas, for Cognigy, an enterprise software provider for Conversational AI automation. He assumed the executive leadership role in the Americas, with full P&L responsibility for the company's U.S. operations, and established, built and managed marketing, demand generation, and sales and professional services team.

From 2013 – 2019, Mr. Walsh served as President, Americas & APJ, for Redwood Software, a global company that delivers IT, finance and business process automation to help modern enterprises excel in the digital world. He also served as Senior Executive Vice President from 2010 – 2013, Senior Vice President, Americas, from 2005 – 2010, and Director of North American Sales from 2001 - 2005. He built Redwood Software's Americas and APJ organization from a minor revenue contributor to 60% of the company's global revenues and 70% of the global profits.

About Genasys Inc.
Genasys^® is a global provider of critical communications systems and solutions that help protect and keep people safe. Genasys' unified multichannel platform empowers governments and businesses to deliver real-time geo-targeted alerts, notifications, instructions, and information before, during, and after public safety and enterprise threats.

The Company’s unified software-as-a-service and hardware platform includes Genasys Emergency Management (GEM), Zonehaven™ emergency evacuation resources, National Emergency Warning System (NEWS), Integrated Mass Notification System (IMNS), and LRAD^® long-range communication systems.

Genasys systems are in service in more than 100 countries in a range of diverse applications, including public safety, emergency warning, mass notification, critical event management, defense, law enforcement, homeland security, and more. For more information, visit genasys.com.

Forward-Looking Statements

Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation the business impact of health crises or outbreaks of disease, such as epidemics or pandemics and how they may affect our supply chain, and other risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control. Risks and uncertainties are identified and discussed in our filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the "Risk Factors" section of the Company's Form 10-K for the fiscal year ended September 30, 2021. Genasys Inc. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.

FAQ

What is the recent management change at Genasys Inc.?

Genasys Inc. has appointed Dennis Walsh as Chief Revenue Officer to enhance sales and marketing efforts.

What experience does Dennis Walsh bring to Genasys Inc.?

Dennis Walsh has over 25 years of leadership experience in software sales and marketing, previously holding executive roles at Cognigy and Redwood Software.

What are the goals for Dennis Walsh as CRO of Genasys Inc.?

Walsh aims to drive revenue growth and expand Genasys' market presence, particularly in life-safety systems.

How might Dennis Walsh's appointment impact Genasys Inc.'s revenue?

With his proven track record in increasing revenue at previous companies, Walsh's leadership may lead to significant revenue growth for Genasys.