Story image

Grieving NewLease continues with ASX listing

20 Feb 14

Following the tragic passing of NewLease co-founder and group managing director Doug Tutus, the company will continue to proceed with its previously announced Australian Stock Exchange listing.

In a deal which will see FFR acquire all the issue capital of NewLease, the company made the announcement via the ASX website yesterday.

The move will see FFR renamed Rhype, a business which will wholly own NewLease as a result.

"It's tragic that Doug won't participate in the next phase of the company's development,” said Dawn Edwards, interim CEO, NewLease.

“He was proud of the businesses he created, helped build and lead. The public listing of NewLease is a significant milestone in the company's growth that Doug was eager to achieve.

"We are fortunate that Doug left the company in such a strong position and the leadership team is committed to delivering on the potential that Doug and I always saw.

“Our entire organisation is absolutely aware of where we need to go and how we need to get there.

“If anything, we are now, more than ever, driven to fulfil NewLease's potential, both for ourselves and for Doug's legacy."

Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Review: Blue Mic’s Satellite headphones are good but...
Blue Mic’s newest wireless headphones deliver on sound, aesthetic, and comfort - but there is a more insidious issue at hand.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
Forcepoint and Chillisoft - “a powerful combination”
Following Chillisoft’s portfolio expansion by signing on Forcepoint, the companies’ execs explain how this is a match made in cybersecurity heaven.
David Hickling in memoriam: “Celebrate the life and the music it made”
Dave was a well-respected presence in the IT channel and his recent death was felt by all the many people who knew him as a colleague and a friend.