Xigem Technologies Appoints New Chief Technology Officer
Toronto, Ontario--(Newsfile Corp. - May 31, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce the appointment of Anthony Cozzi as its new Chief Technology Officer. Mr. Cozzi is a technology leader with over 20 years experience building and managing engineering and product teams in the digital economy.Mr. Cozzi has an extensive background in high-growth start-ups and scaling technology companies, working across a range...
2022-05-31 10:00 AM EDT
Xigem Technologies Reports First Quarter 2022 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 30, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced it has filed its financial results for the three months ended March 31, 2022. The Company's consolidated financial statements and related management's discussion and analysis ("MD&A") for the period can be found at www.sedar.com. All dollar amounts are expressed in Canadian dollars.Significant matter during the reporting period:Subsequent to March 31, 2022,...
2022-05-30 8:56 PM EDT
Cylix SaaS-Based Business Intelligence Platform Goes Live
Toronto, Ontario--(Newsfile Corp. - April 20, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that its wholly owned subsidiary, Cylix Data Corporation ("Cylix"), has launched its flagship business intelligence platform as a Software-as-a-Service ("SaaS"). The launch marks a significant milestone in the ongoing investment and commercialization of the Cylix platform.As previously announced, Cylix has been upgraded to include a robust technology architecture, a...
2022-04-20 2:00 AM EDT
Xigem Technologies Announces Grant of Stock Options
Toronto, Ontario--(Newsfile Corp. - April 18, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has granted 8,300,000 incentive stock options (the "Options") pursuant to its Stock Option Plan. Each Option entitles the holder to purchase one common share of the Company at an exercise price of $0.09 for a period of five years from the date of grant and will vest fully...
2022-04-18 5:45 PM EDT
Xigem Technologies Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - April 14, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced it intends to complete a non-brokered private placement (the "Offering") of up to 30,000,000 units (each, a "Unit") at a price of $0.10 per Unit, for aggregate gross proceeds to the Company of up to $3,000,000. All dollar figures are quoted in Canadian dollars.Each Unit will consist of one (1) common share (a...
2022-04-14 5:00 PM EDT
Cylix Data Corporation Provides Innovative Resource for Fraud Mitigation
Toronto, Ontario--(Newsfile Corp. - April 13, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today described how its wholly owned subsidiary, Cylix Data Corporation ("Cylix"), has helped numerous clients to mitigate serious instances of fraud through the effective use of its business intelligence platform.With the rapid migration of critical commercial relations to the cloud, the proactive detection of potential and actual fraud has become a mission critical...
2022-04-13 12:00 PM EDT
Xigem Files BAR on Cylix Data and Provides Corporate Development Update
Toronto, Ontario--(Newsfile Corp. - April 11, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that it has filed the Business Acquisition Report (the "BAR") associated with its previously announced purchase of Cylix Data ("Cylix"). The Company also provided an update on the status of other strategic initiatives, including the proposed acquisition of the All Source B2B software platform. All dollar amounts are quoted in Canadian dollars.As disclosed...
2022-04-11 2:00 AM EDT
Cylix Unit Advances in the U.S. with Sales to the Legal Industry
Toronto, Ontario--(Newsfile Corp. - March 17, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that its wholly owned subsidiary, Cylix Data Corporation ("Cylix"), has successfully entered the U.S. market with multiple customer wins in the legal industry. The subscriptions mark the first significant sales of Cylix's enhanced business intelligence platform following the recently announced release of its next-generation technology.Cylix customers in the legal industry are...
2022-03-17 3:00 AM EDT
Xigem Technologies Engages Hybrid Financial Ltd.
Toronto, Ontario--(Newsfile Corp. - March 15, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE:2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that it has retained Hybrid Financial Ltd. ("Hybrid"). The service provided by Hybrid to the Company is a database of Registered Financial Professionals in North America. Hybrid is not promoting the specific purchase or sale of securities. It provides its database, technology, and call center services to enable the issuer to disseminate...
2022-03-15 5:00 PM EDT
Xigem Technologies Offers Solutions for Ongoing Shift to a Remote Economy
Toronto, Ontario--(Newsfile Corp. - March 9, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today commented on the lasting impact of the worldwide shift to remote commerce. Even as physical workplaces reopen and pandemic-related restrictions are lifted, the work-from-home and hybrid models will remain widespread and business interactions will increasingly occur remotely. In response, successful organizations will need to deploy appropriate technology throughout the value chain. ...
2022-03-09 2:00 AM EST
Xigem Technologies Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - March 8, 2022) - Xigem Technologies Corporation ("Xigem" or the "Company") (CSE:XIGM; FSE:2C1), a technology provider for the emerging remote economy, today announced it has been served with a Statement of Claim (the "Claim") from the Ontario Superior Court of Justice where it has been named as a defendant.The Company disputes the fundamental tenets of the Claim and is confident the Claim is without merit. The Company will vigorously defend itself against the Claim.About Xigem Technologies...
2022-03-08 5:05 PM EST
Xigem Technologies Announces Cancellation of Stock Options
Toronto, Ontario--(Newsfile Corp. - March 2, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has cancelled 4,225,000 incentive stock options (the "Options") pursuant to its Stock Option Plan. The Options had been granted between March 19, 2021 and July 5, 2021 to several of the Company's directors, officers, consultants and advisory board members.About Xigem Technologies CorporationEstablished in Toronto, Ontario, Xigem is positioned...
2022-03-02 5:00 PM EST
Xigem Technologies Announces Intention to Purchase All Source B2B SaaS Platform
Toronto, Ontario--(Newsfile Corp. - March 1, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that it has entered into a letter of intent (the "LOI") on February 25, 2022 to purchase software platform All Source B2B ("B2B" or "All Source B2B") from All Source Security Container Mfg. Corp. ("SCMC") for cash consideration of $1.6 million (the "Transaction"). All dollar amounts are quoted in...
2022-03-01 2:00 AM EST
Xigem's Cylix Data Corporation to Launch Next Generation of Business Risk Product
Toronto, Ontario--(Newsfile Corp. - February 15, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that its wholly owned subsidiary, Cylix Data Corporation, is launching the next generation of its Cylix Data business risk profiling platform which includes a robust technology architecture, complete with an intuitive new user interface, to create a new sustainably differentiated, best-in-class business intelligence platform.The new Cylix Data release will be fully...
2022-02-15 2:00 AM EST
Xigem Technologies Announces Grant of Stock Options
Toronto, Ontario--(Newsfile Corp. - January 26, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that the Company has granted 4,500,000 incentive stock options (the "Options") pursuant to its Stock Option Plan. Each Option entitles the holder to purchase one common share of the Company at an exercise price of $0.195 for a period of five years from the date of grant and will vest immediately....
2022-01-26 6:15 PM EST
Xigem Appoints Technology Veteran to Board of Directors
Toronto, Ontario--(Newsfile Corp. - January 26, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today is pleased to announce that Mr. Ezio D'Onofrio, a technology industry veteran, has been appointed to the Company's board of directors.Mr. D'Onofrio is a recognized executive with proven success in leading growth and championing high performance cultures, especially in emerging technology markets. He is the former president and CEO of Globalive Communications...
2022-01-26 2:00 AM EST
Xigem Technologies Closes on Acquisition of Cylix Data
Toronto, Ontario--(Newsfile Corp. - January 24, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced it has completed the previously announced acquisition of the assets of 2747524 Ontario Inc. o/a Cylix Data Group ("CDG") for aggregate consideration of $32.35 million (the "Transaction"). All dollar amounts are quoted in Canadian dollars unless otherwise noted.The business risk profiling service asset underlying CDG ("Cylix") has been used by hundreds of...
2022-01-24 2:00 AM EST
Xigem Technologies Signs Definitive Agreement in Cylix Data Acquisition
Toronto, Ontario--(Newsfile Corp. - January 10, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced it has signed an Asset Purchase Agreement (the "APA") with 2747524 Ontario Inc. o/a Cylix Data Group ("CDG") dated January 7, 2022, which is the definitive agreement governing its previously announced acquisition of the assets of CDG, for aggregate consideration of $32.35 million (the "Transaction"). Formal closing of the Transaction...
2022-01-10 2:00 AM EST
Xigem Technologies Provides Update on Proposed Acquisition of Cylix Data
Toronto, Ontario--(Newsfile Corp. - December 7, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today provided an update on its plan to acquire the assets and operations of 2747524 Ontario Inc. o/a Cylix Data Group ("Cylix"). As previously announced, the Company entered into a binding letter of intent (the "LOI") on October 29, 2021 to purchase substantially all of the assets of Cylix for aggregate consideration of $32.35...
2021-12-07 2:00 AM EST
Xigem Technologies Set to Pursue Big Data Market with Expanded Technology Platform
Toronto, Ontario--(Newsfile Corp. - November 15, 2021) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced further details of its plans to integrate a proposed acquisition of business intelligence company 2747524 Ontario Inc. o/a Cylix Data Group ("Cylix") with its existing iAgent and FOOi technology. The integration of these patented technologies would create a seriously robust platform designed to capitalize on the growing multi-billion dollar Big Data...
2021-11-15 2:00 AM EST