Fision’s Board of Directors Appoints Mascera to CEO and President, Incumbent Mike Brown Agrees to Step Aside and Will Remain on Board.
September 17, 2019
FISION Corporation (OTCQB: FSSN), a leading provider of cloud-based digital asset management, sales enablement, and agile marketing technologies, announces the resignation of Mike Brown as CEO and President of FISION Corporation. Laurence Mascera, who has been serving as the companies Chief Operating Officer, has been appointed CEO and President on an interim basis.
Mr. Brown will remain on the Board of Directors at this time to assist in effectuating a smooth transfer and continue to advance the Company’s interests during the transition.
The Board of Directors unanimously supports Mr. Mascera recognizing his considerable public company M&A experience and remains confident he will apply a strong operational and financial discipline to position FISION for its next phase of transformation.
Mascera commented, “As I transition to this new opportunity, I am proud of the progress we have made introducing efficiencies to the operating model. Now, I look forward to digging in deeper, I expect to add more qualified hi-quality human assets to the Board leveraging a broader base of expertise while aggressively pursuing opportunities for expansion and growth. Ultimately, I intend to work hard to deliver value to the shareholders and with support of the Board, get the job done.”
Mascera is presently the Chief Operating Officer of FISION and serves as a partner with Capital Market Solutions (CMS), an advisory firm specializing in capital formation, transformation initiatives and financial strategies for public and private companies where he and the CMS team are actively vetting potential M&A opportunities. Mascera most recently spent slightly over a year serving as the President and Chief Operating officer of Continuity Logic at the request of some of the larger shareholders. Prior, Mascera was with the Toronto Dominion Bank Group where he was responsible for Technology across Investment Banking & Client Relationship Management. Before TD Bank, he served as Global Head of Sales & Investment Banking Technology at Barclays PLC overseeing all Client Management, Profitability, Sales Analytics, and Trade Capture platforms. Previously he served as Chief Administrative Officer and Executive Committee member of Broadpoint Gleacher Securities Group, as part of the founding Management team he grew the publicly traded firm to over 1B in market capitalization after 6 accretive acquisitions. During the span of his 25-year career, Mr. Mascera has also held various more progressively responsible positions within Financial Services including Global Head of Institutional Sales Technology at Merrill Lynch as well as Global Head of Institutional Sales & Investment Banking Technology at Société General. Mr. Mascera started his career at Painewebber. Beyond Mascera’s new role, he has previously served as Treasurer for two non-for-profit Brooklyn-based art galleries. Prior to his professional career, Mascera earned his B.B.A. in Finance from Hofstra University, and an M.S. in Information Technology from Long Island University.
About FISION Corporation
Founded in 2011, Minneapolis-based FISION is the nation’s leading provider of agile marketing software that simplifies collaboration across global organizations, and more effectively manages brand and marketing content. FISION allows marketing and sales teams to work better together by enabling them to more quickly and easily create, distribute and measure the performance of compelling, localized, on-brand communications. FISION’s patented technology brings unrivaled capabilities to clients across more than 20 countries, including some of the world’s largest corporations in healthcare, hospitality, financial/insurance, software, and technology.
Volerro Corporation, a wholly owned subsidiary of FISION, provides a SaaS platform that simplifies how enterprise teams create, refine and distribute content. By streamlining content production and team coordination, its cloud-based collaboration service eliminates “content chaos” among product, brand, marketing, and creative teams. Volerro’s ReVu.Me cloud app allows team members to work on the same document in real-time with integrated chat and voice conferencing. For more information, visit www.volerro.com.
Important Cautions Regarding Forward-looking Statements:
Any statements contained in this press release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to FISION Corporation are intended to identify such forward-looking statements. The Parties undertake no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect future financial results are discussed more fully in the FISION Corporation’s filings with the U.S. Securities and Exchange Commission (“SEC”), including the most recent Annual Report on file with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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