Gorilla Technology Appoints AI Visionary Satish Venkatesan to Lead Americas Innovation Drive
Gorilla Technology Group Inc. (NASDAQ: GRRR) has appointed Satish Venkatesan as Chief Solutions Strategist - Americas, effective April 14, 2025. Venkatesan, with nearly 30 years of experience in product engineering and emerging technologies, will lead the company's solution strategy and innovation expansion across key American markets including the US, Brazil, Colombia, Panama, Peru, and the Amazon-connected smart infrastructure corridor.
Venkatesan joins from Cognizant Technology Solutions, where he managed parts of their $2 billion financial services portfolio and led initiatives in platform modernization and Generative AI adoption. The appointment aligns with Gorilla's focus on scaling AI-powered urban systems and public safety initiatives throughout the Americas.
Additionally, the company provided an update on its share buyback programme, reporting over $4.5 million in shares repurchased to date out of a total authorized allocation of $10 million. Management affirmed their commitment to continue the buyback, citing belief in the company's undervalued market position.
Gorilla Technology Group Inc. (NASDAQ: GRRR) ha nominato Satish Venkatesan come Chief Solutions Strategist - Americas, con decorrenza dal 14 aprile 2025. Venkatesan, con quasi 30 anni di esperienza nell'ingegneria dei prodotti e nelle tecnologie emergenti, guiderà la strategia delle soluzioni e l'espansione dell'innovazione dell'azienda nei principali mercati americani, tra cui Stati Uniti, Brasile, Colombia, Panama, Perù e il corridoio di infrastrutture intelligenti collegato all'Amazzonia.
Venkatesan proviene da Cognizant Technology Solutions, dove ha gestito parti del loro portafoglio di servizi finanziari da 2 miliardi di dollari e ha guidato iniziative nella modernizzazione delle piattaforme e nell'adozione dell'AI generativa. La nomina si allinea con l'obiettivo di Gorilla di scalare sistemi urbani alimentati da AI e iniziative di sicurezza pubblica in tutta l'America.
Inoltre, l'azienda ha fornito un aggiornamento sul suo programma di riacquisto di azioni, riportando oltre 4,5 milioni di dollari in azioni riacquistate fino ad oggi su un totale autorizzato di 10 milioni di dollari. La direzione ha confermato il proprio impegno a continuare il riacquisto, citando la convinzione nella posizione di mercato sottovalutata dell'azienda.
Gorilla Technology Group Inc. (NASDAQ: GRRR) ha nombrado a Satish Venkatesan como Chief Solutions Strategist - Americas, con efecto a partir del 14 de abril de 2025. Venkatesan, con casi 30 años de experiencia en ingeniería de productos y tecnologías emergentes, liderará la estrategia de soluciones y la expansión de la innovación de la empresa en los principales mercados americanos, incluidos EE. UU., Brasil, Colombia, Panamá, Perú y el corredor de infraestructura inteligente conectado al Amazonas.
Venkatesan se une desde Cognizant Technology Solutions, donde gestionó partes de su cartera de servicios financieros de 2 mil millones de dólares y lideró iniciativas en modernización de plataformas y adopción de IA generativa. El nombramiento se alinea con el enfoque de Gorilla en escalar sistemas urbanos impulsados por IA e iniciativas de seguridad pública en toda América.
Además, la empresa proporcionó una actualización sobre su programa de recompra de acciones, informando más de 4.5 millones de dólares en acciones recompradas hasta la fecha de un total autorizado de 10 millones de dólares. La dirección reafirmó su compromiso de continuar con la recompra, citando la creencia en la posición de mercado subestimada de la empresa.
고릴라 테크놀로지 그룹 주식회사 (NASDAQ: GRRR)는 2025년 4월 14일부터 Satish Venkatesan을 아메리카 지역 최고 솔루션 전략가로 임명했습니다. Venkatesan은 제품 엔지니어링 및 신기술 분야에서 거의 30년의 경험을 보유하고 있으며, 미국, 브라질, 콜롬비아, 파나마, 페루 및 아마존 연결 스마트 인프라 코리더를 포함한 주요 미국 시장에서 회사의 솔루션 전략 및 혁신 확장을 이끌 것입니다.
Venkatesan은 Cognizant Technology Solutions에서 근무했으며, 그곳에서 20억 달러 규모의 금융 서비스 포트폴리오의 일부를 관리하고 플랫폼 현대화 및 생성적 AI 채택을 위한 이니셔티브를 이끌었습니다. 이번 임명은 고릴라의 AI 기반 도시 시스템 및 아메리카 전역의 공공 안전 이니셔티브 확장에 대한 초점과 일치합니다.
또한, 회사는 자사 주식 매입 프로그램에 대한 업데이트를 제공하며, 현재까지 450만 달러 이상의 주식을 재매입했으며, 총 승인된 할당액은 1천만 달러라고 보고했습니다. 경영진은 회사의 저평가된 시장 위치에 대한 신념을 언급하며 매입을 계속할 것이라고 다짐했습니다.
Gorilla Technology Group Inc. (NASDAQ: GRRR) a nommé Satish Venkatesan au poste de Chief Solutions Strategist - Americas, à compter du 14 avril 2025. Venkatesan, qui possède près de 30 ans d'expérience en ingénierie produit et en technologies émergentes, dirigera la stratégie de solutions et l'expansion de l'innovation de l'entreprise sur les principaux marchés américains, notamment les États-Unis, le Brésil, la Colombie, le Panama, le Pérou et le corridor d'infrastructure intelligente connecté à l'Amazonie.
Venkatesan rejoint Cognizant Technology Solutions, où il a géré une partie de leur portefeuille de services financiers de 2 milliards de dollars et a dirigé des initiatives de modernisation des plateformes et d'adoption de l'IA générative. La nomination s'inscrit dans l'objectif de Gorilla de développer des systèmes urbains alimentés par l'IA et des initiatives de sécurité publique à travers les Amériques.
De plus, l'entreprise a fourni une mise à jour sur son programme de rachat d'actions, rapportant plus de 4,5 millions de dollars d'actions rachetées à ce jour sur un total autorisé de 10 millions de dollars. La direction a réaffirmé son engagement à poursuivre le rachat, citant sa conviction dans la position de marché sous-évaluée de l'entreprise.
Gorilla Technology Group Inc. (NASDAQ: GRRR) hat Satish Venkatesan zum Chief Solutions Strategist - Americas ernannt, mit Wirkung zum 14. April 2025. Venkatesan bringt fast 30 Jahre Erfahrung in der Produktentwicklung und in aufkommenden Technologien mit und wird die Lösungsstrategie des Unternehmens sowie die Innovationsausweitung in wichtigen amerikanischen Märkten, einschließlich der USA, Brasilien, Kolumbien, Panama, Peru und dem mit dem Amazonas verbundenen intelligenten Infrastrukturgang, leiten.
Venkatesan kommt von Cognizant Technology Solutions, wo er Teile ihres 2 Milliarden Dollar umfassenden Portfolios im Finanzdienstleistungsbereich verwaltete und Initiativen zur Modernisierung von Plattformen und zur Einführung von generativer KI leitete. Die Ernennung steht im Einklang mit Gorillas Fokus auf die Skalierung von KI-gesteuerten städtischen Systemen und öffentlichen Sicherheitsinitiativen in ganz Amerika.
Darüber hinaus hat das Unternehmen ein Update zu seinem Aktienrückkaufprogramm bereitgestellt und berichtet, dass bisher über 4,5 Millionen Dollar an Aktien zurückgekauft wurden, von insgesamt genehmigten 10 Millionen Dollar. Das Management bekräftigte sein Engagement, den Rückkauf fortzusetzen, da es an die unterbewertete Marktposition des Unternehmens glaubt.
- Appointment of experienced executive with 30-year track record in product engineering and emerging technologies
- Strategic expansion into key American markets including US and Latin America
- Strong progress on share buyback program with $4.5M completed out of $10M authorized
- None.
Insights
Gorilla Technology's update on its share repurchase program represents a significant capital allocation decision for this small-cap tech company. With
For a company of Gorilla's size, this buyback represents a meaningful percentage of market value. When completed, the full
The appointment of Venkatesan complements the company's stated strategy of expanding its AI solutions across urban systems and infrastructure throughout the Americas. His background in digital transformation for Fortune 500 companies and regulated industries aligns well with Gorilla's focus on security intelligence and IoT technology applications in smart cities and public safety.
This dual approach of returning capital to shareholders while simultaneously investing in strategic growth initiatives through key personnel hires suggests a balanced capital allocation strategy. The company appears focused on both near-term shareholder returns and positioning for long-term growth opportunities in AI-powered infrastructure solutions.
Company also reiterates capital allocation priorities through its previously announced share buyback programme
London, United Kingdom--(Newsfile Corp. - April 14, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced the appointment of Satish Venkatesan as Chief Solutions Strategist - Americas, effective 14 April 2025.
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In this newly created role, Venkatesan will lead Gorilla's solution strategy, ecosystem partnerships and innovation-driven expansion across the United States, Brazil, Colombia, Panama, Peru and the Amazon-connected smart infrastructure corridor. He will be based in New Jersey and report directly to Gorilla Chairman & CEO Jay Chandan.
With nearly 30 years of experience in product engineering, platform transformation and applied emerging technologies, Venkatesan has been instrumental in shaping the digital evolution of Fortune 500 companies, startups and highly regulated industries. His appointment signals Gorilla's deepened strategic focus on scaling AI-powered urban systems, public safety initiatives and digitally led infrastructure programmes throughout the Americas.
Venkatesan joins Gorilla following a long career at Cognizant Technology Solutions Corporation (NASDAQ: CTSH), where he held senior roles across the firm's
"From airport biometrics and public safety surveillance to blockchain for fiscal transparency and IoT in climate resilience, the Americas are poised for bold reinvention," said Chandan. "Satish brings the innovation depth and regional insight needed to accelerate that transformation. This appointment further fortifies our leadership team, as we seek to execute our long-term value creation strategy. Our long-term view is underscored by our commitment to current capital allocation initiatives, like our share buyback programme, which strategically returns capital to shareholders and demonstrates our belief in the intrinsic value of Gorilla. While we build a foundation for the long term, we will continue to evaluate near-term opportunities to deliver value to shareholders every step of the way."
Beyond the private sector, Venkatesan has contributed his expertise to the advancement of public-private collaboration. He recently served on the Board of Directors of Connecticut Insurance & Financial Services (CT IFS), a partnership working to drive innovation, workforce development and investment in emerging technologies in collaboration with the State of Connecticut. Venkatesan holds a Bachelor's degree in Computer Science & Engineering and has completed the Professional Certificate in AI and Machine Learning from UC Berkeley Executive Education.
"I am truly excited to join Gorilla Technology at such a pivotal moment," said Venkatesan. "Gorilla has already laid a powerful foundation across the Americas through transformative partnerships that are redefining smart cities, public safety and the O.N.E. Amazon initiative. The opportunity to help scale these efforts with sharper strategy, deeper innovation and stronger regional collaboration is both inspiring and deeply aligned with my passion for purpose-driven technology."
Update on Previously Announced Share Repurchase Programme
As previously disclosed, Gorilla's management team and Board have continued to strategically utilize the share repurchase programme and have bought back over
About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.
Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.
For more information, please visit our website: Gorilla-Technology.com.
Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248385
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