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Moseda Technologies (V.MSD) installs new CEO and President, both with deep sector knowledge

Chris Parry Chris Parry, Stockhouse.com
0 Comments| January 18, 2016

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Vancouver-based health-tech startup Moseda Technologies (TSXV:MSD, Forum) announced the recruitment of a new CEO Monday, replacing coder/engineer/entrepreneur/founder Nick Murray with Dr Lisa Crossley, PhD., P.Eng., who has previously raised some $35 million in venture capital and angel financing for a variety of companies in the health space.

The company also announced the signing of a new President and Chairman in former venture capitalist Sameet Kanade, an MBA with $140 million in financing deals behind him.

Crossley as recently CEO of VitalHub, a company that was centred on the secure mobile exchange of patient data, which makes her about the best qualified person there is to take on another company based around the same concept.

Moseda has begun the rollout of its technology, which allows medical devices and data to be linked and shared across secure networks, allowing medical professionals to track home- and care facility-based patients at lower cost, with strong security. The tech also allows health care providers to track equipment, uptime and downtime, maintenance needs and more.

Murray started the company when the tech was slated to be used in logistics operations, but deked to the health sector when it became clear there was significant demand for the tool, in a surging industry entrenched in old tech. He remains on the board of directors.

REACTION:
Stock stayed pretty flat, dropping 1c on the news with solid volume. The company maintains an $8m market cap currently.
The MSD share price has been receding of late after an exceptional August to October run that saw shares triple in worth. That drop has been largely a response to the company moving through various pilot programs as it gears up to do deals going forward.

OUR TAKE:
Moseda is a long time Stockhouse client company, and we’ve seen it moving through several phases as it prepares to be a scalable growth-focused tech play. Murray’s concept has evolved and focused over the last eighteen months but needed some heavy C-suite hands to get it through the business development phase, just as it needed hands on the financial side six months earlier.

Moseda is further along now than it has ever been, while the share price sits at a value level.

With a pair of corporate bulldogs now at the wheel, I’d be surprised if there isn’t some solid promo on the way, and maybe some deals in the works.

Watchlist.

An interview with Crossley can be found here.

--Chris Parry
https://www.twitter.com/chrisparry
FULL DISCLOSURE: Moseda is a Stockhouse Publishing marketing client. The author holds a small position in the company.


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