Summary
- Xpoint appoints a new CFO as the company's growth accelerates.
- Tom Flaherty is a seasoned professional with extensive experience in senior roles.
- Xpoint has successfully navigated legal hurdles and is determined to reestablish itself as a leader in the industry.
Xpoint, a global leader in geolocation technology, has announced the appointment of Tom Flaherty as its new Chief Financial Officer.
Flaherty set to contribute to Xpoint’s growth
By joining the company, Flaherty is poised to enhance Xpoint’s growth, especially as the firm gains recognition for its excellence in providing innovative geolocation services to operators and partners ensuring full compliance. Flaherty is not a random selection; he is a seasoned industry expert, having held multiple senior roles at various companies, including CFO at ActiveWorx, where he successfully managed an acquisition exit last year. Xpoint CEO Manu Gambhir welcomed Flaherty, emphasizing his extensive and relevant experience. Gambhir highlighted that Flaherty joins at a pivotal time as Xpoint plans to accelerate its efforts and firmly establish itself as a leading provider in geolocation technology, particularly in the iGaming sector. He stated: Tom’s extensive experience in driving financial strategy, especially within the technology sector, will be invaluable as we continue to expand our global footprint. Recently, Xpoint secured a contract to provide The Game LLC, the operator of the UAE Lottery, with geolocation services to ensure compliance.
Xpoint picks up delivery pace by expanding reach
The company successfully defended itself against a lawsuit from competitor GeoComply, which accused Xpoint of infringing on intellectual property rights. The US Court of Appeals for the Federal Circuit ultimately dismissed the case. Flaherty is joining the company during these dynamic times to lend his expertise and help shape its future. I’m thrilled to join Xpoint at this critical moment, Flaherty stated. I look forward to working with the team to drive sustainable growth, improve our operational capabilities, and generate long-term value for our stakeholders through strategic financial leadership.
