RE:RE:RE:RE:RE:RE:RE:RE:RE:How much to trust? Or not?More experience in ITS than Bret Kidd??
He joined ETC in March 2019 and at that time had roughly 25 years in travel-technology businesses. They may not have been all ITS in the purect sense but it was close enough that ETC was fine hiring him as their CEO.
I liked Paul too but I wouldn't say all aspects of his performance were flawless. My sense is that he relentlessly overstated the excitement of the acquisition pipeline. He often made it sound like there were bunches of acquisitions that were right around the corner. But my sense now is that all three acquisition opportunities were more things that stumbled into Quarterhill than the other way around.
While I don't know how they found Sensor Line I do know that it was made available because the founder had died and his kids didn't have much interest in continuing with the business.
Quarterhill learned about VDS from Sensor Line.
ETC was presented to Quarterhill because Align was interested in unloading and Quarterhill was felt to be the most natural strategic buyer.
To this day I think that Sidoti was a waste of time and money.
One other thing stands out as not reflecting well on Paul. I believe it was in the 2021 Q2 CC that he declared that Wilan results in H2 2021 would match those of H2 2020. As it turned out, they were not even close. This was really not good.
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US$250 million available following the sale of Wilan? I can just hear our old friend v_g laughing over that assertion and in this instance I think I'd be with v_g. I'd love it if you were to turn out to be right. But I'll believe it when I see it.