Defenx appoints Raffaele Boccardo 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, Raffaele Boccardo, the founder and CEO of BV-Tech, has been appointed as a Non-Executive Director and Deputy Chairman of the Company, as a nominated representative of BV-Tech, with immediate effect.

Under the relationship agreement entered into with BV-Tech in connection with the strategic partnership, BV-Tech has the right to nominate two directors to the Board of the Company, for as long as it holds in excess of 20 per cent. of the ordinary shares of the Company. The appointment of Mr Boccardo represents the second such appointment under this agreement.

Mr Boccardo is an entrepreneur and President of the BV-Tech Group, which he founded in 2005 to become one of Italy’s leading independent corporate IT solutions providers. He received the Order of Merit of the Republic from the President of Italy in 2010. He speaks fluent Italian and English.

Andrea Stecconi, CEO of Defenx, commented: “I am delighted that Raffaele has joined the board of Defenx. With his background and success in growing BV-Tech we believe that he will be instrumental in helping to develop and deliver the group’s strategy going forward.”

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.

For more information : http://www.defenx.com

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