Press release

WeCommerce Announces CFO Transition

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WeCommerce Holdings Ltd. (“WeCommerce” or “the “Company”) (TSXV: WE) today announced that Evan Brown, its Chief Financial Officer, will be stepping down in June 2021. Brown joined WeCommerce in 2019 and helped navigate the Company to a successful public listing in December 2020. He will remain involved with WeCommerce in an advisory capacity to facilitate a smooth transition.

WeCommerce has commenced a search for a new CFO with the assistance of one of the world’s leading executive recruiting firms. Alex Persson, the Company’s President, will assume the role of interim CFO at Brown’s departure while the Company completes its search for a permanent replacement. Persson will continue to oversee acquisitions.

WeCommerce CEO Chris Sparling said, “Evan was integral to WeCommerce’s public listing and provided the steady and sound financial leadership required to navigate the process successfully. We thank him for his many contributions to the Company and wish him the best. We look forward to bringing a new CFO on board to maintain our financial discipline and commitment to our shareholders as we continue our pursuit of enabling the growing demand of ecommerce innovation.”

Brown said, “It has been an honor to work alongside Chris and the leadership team building and managing the finance organization to complete a successful public listing and integrate our recent acquisitions of Foursixty and Stamped. I am proud of what we accomplished together and look forward to watching WeCommerce continue its journey and creating value for its shareholders.”

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

About WeCommerce Holdings Ltd

WeCommerce is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Stamped and Foursixty. The Company’s primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants.

WeCommerce is focused on acquiring businesses with growth potential, a sustainable competitive advantage and that are, or have the potential to become, a leader within their particular market. The Company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. As one of Shopify’s first partners since 2010, WeCommerce believes it is well positioned to continue to identify acquisition opportunities in the Shopify Partner ecosystem.

SOURCE: WeCommerce Holdings Ltd