Logiq appoints Tom Furukawa as CEO alongside Brent Suen stepping to Executive Chairman

– USA, MN –  Logiq, Inc. (OTC: WEYL), a global provider of eCommerce and fintech business enablement solutions, has promoted global Martech innovator and former CTO of the subsidiary DataLogiq, Tom Furukawa, to the position of CEO, succeeding Brent Suen, who is stepping to the Executive Chairman position and will continue to serve as president.

Matthew Burlage, who was previously chairman, will continue to serve as director and chair of the audit committee.

“Tom’s promotion to CEO reflects the global expansion of Logiq over the last year and particularly our company-wide evolution from being primarily an eCommerce services company to a leading innovator of data-driven consumer intelligence and marketing technology,” said Brent Suen.

He added: “Tom’s extensive senior-level international experience and achievements with creating and delivering cutting-edge digital marketing technologies will play a critical role as we further develop and deploy our offerings to enterprises and major brands. He brings to the position the ideal skill set to help make our eCommerce and fintech platforms more data-driven and interconnected for the benefit of our customers and partners.”

Suen will continue to oversee the company’s activities in Southeast Asia, given his extensive experience with this region of the world. He will continue to focus on the development and growth of AppLogiq, PayLogiq and GoLogiq mCommerce platforms, along with a number of M&A scenarios currently being pursued.

About Tom Furukawa

From startups and IPOs to major global enterprises, over the last 26 years, Furukawa has served in senior-level management roles for some of the world’s most successful companies, including Yahoo!, IBM Tivoli, Nasdaq-traded The Rubicon Project, and The Enthusiast Network.

Furukawa has been at the forefront of major changes in the online ad and marketing industry and brings to Logiq deep experience in the development and product management for advertising and digital media technologies. As a recognized industry thought leader, Furukawa has refined the craft of creating products that automate and streamline today’s fast-growing programmatic ad marketplace.

Furukawa previously served as the chief product officer of ConversionPoint Technologies, a leading eCommerce technology platform for direct-to-consumer performance marketing. At CPT, he led product development and drove innovation which delivered exceptional value for major enterprise customers that included Intel, Samsung, Nikon, and Logitech.

He helped lead the sale of CPT’s subsidiary, DataLogiq, to Logiq in July of last year, after which he joined DataLogiq as its chief technology officer. As CTO, he defined and executed DataLogiq’s product vision and strategy, with this resulting in it exceeding key revenue and margin goals while serving marquee customers that include HomeAdvisor, QuinStreet, and Sunrun.

Prior to CPT, he led the product technology and marketing teams at Ad Exchange Group, a global leader in performance-based advertising, where he was responsible for creating the firm’s award-winning next-generation marketing technologies.

Before Ad Exchange, he led the rebuild of Yahoo!’s ad management stack to fit its new programmatic ad buying and was instrumental in the launch of the Rubicon Project in Japan, which quickly became the world’s second-largest digital ad market. Earlier in his career, he led the product marketing for IBM Tivoli’s systems management suite and played a key role in its acquisition of Candle Corp. and its subsequent global integration. He also served as head of the monetization for Kelly Blue Book before it was acquired by Autotrader, with his redesign of kbb.com resulting in a 20% increase in annual advertising revenue.

“I’m tremendously excited to join Brent at the helm of Logiq at this pivotal time in the company’s growth and development, and especially with the recent agreement to acquire Fixel AI,” commented Furukawa. “I look forward to leading the efforts to further strengthen and integrate our consumer intelligence and marketing capabilities companywide. As we pursue many new opportunities around the world, these efforts will continue to drive Logiq emergence as a leading innovator in data-driven marketing technology.”

About Logiq

Logiq, Inc. is a U.S.-based leading global provider of eCommerce, mCommerce, and fintech business enablement solutions. Its AppLogiq platform-as-a-service enables small-and-medium-sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background. AppLogiq empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way. AppLogiq is offered in 14 languages across 10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia.

The company’s subsidiary, DataLogiq, provides a data-driven, end-to-end eCommerce marketing solution for enterprises and major U.S. brands, including Home Advisor, QuinStreet and Sunrun. Its AI-powered LogiqX data engine delivers valuable consumer insights that enhance the ROI of online marketing spend. The company’s PayLogiq offers mobile payments, and GoLogiq offers hyper-local food delivery services.

For more information: https://logiq.com/

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