Defenx appoints Franco Francione to its Board as Non-Executive Director

– UK, London – Defenx PLC (AIM:DFX), the cyber-security software group, is pleased to announce that, pursuant to the strategic partnership with BV-Tech SpA announced on 11 April 2017, Franco Francione, the CFO of BV-Tech, has been appointed as a Non-Executive Director of the Company with immediate effect.

Mr Francione has 30 years’ experience in finance and administration and joined BV-Tech in March 2017. He started his career in treasury management. In 2001, he moved to Segesta SpA, now part of the Euronext-listed Korian Group, a European leader in services to the elderly. At Segesta, Mr Francione was CFO and Real Estate Director responsible for finance, treasury, purchasing, administration, estates and M&A, and sat on 26 subsidiary boards. He speaks Italian and English.

Andrea Stecconi, Chief Executive Officer of Defenx, commented: “I am delighted that Franco has joined the board of Defenx. I am also pleased that Franco has agreed to join the Audit Committee, where his career experience and financial expertise will no doubt support the committee’s work.”

About Defenx

Founded in 2009, Defenx is a fast-growing and profitable cyber-security software group that offers a range of Security, Backup and Protection solutions for smartphones, PCs and networks.

A channel sales strategy, focused on flexibility, white-labelling and profit-share arrangements with distributors, telecoms companies and hardware manufacturers, enables Defenx to compete with established industry incumbents. Defenx’s global distribution partners currently include 3Italia, Türk Telecom and Western Digital, amongst others including telecoms operators, systems integrators and original equipment manufacturers.

Defenx was admitted to trading on AIM on 3 December 2015, acquired Memopal Srl in August 2016 and announced a strategic partnership with BV-Tech, an Italian IT solutions provider, in April 2017. These have allowed the Company to diversify its product portfolio and grow its customer base by adding proprietary cloud backup and encryption technology as well as new channel partners.

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