Former Vocus Group Director Jon Brett has been lined for ASX-hopeful Bright Innovations.
Brett, who spent best the best part of the past decade on Vocus Group's board, has taken the reins as Bright Innovation's chairman and will oversee its proposed sharemarket listing in coming months.
Brett finished up at Vocus last week. He had been a director of Vocus since June 2010 and was a director of the shell company Vocus was merged into, First Wine Fund, prior to that.
He is also a former Investec Wentworth Private Equity dealmaker.
He joins Bright Innovations' board as the company conducts a small pre-IPO funding round ahead of its proposed sharemarket listing. It has appointed Melbourne-based Elysium Capital Partners to run what it has told investors is a "small strategic" raising.
Bright Innovations is an Israel-based tech play seeking to list on the ASX. The company is an artificial intelligence data play and is seeking to evolve its proprietary Coral Reef software platform into a unified hub for collecting, processing, storing and analysing data in urban environments. It is also backed by boutique investment firm Mayfair 101.
The IPO is slated for later this year via Lodge Partners.
Source: AFR 29/08/2018