TORONTO, May 11, 2020 /CNW/ - Optiva Inc. ("Optiva" or the "Company") (TSX:OPT), a leader in providing communications service providers (CSPs) worldwide with cloud-native revenue management software on the public cloud, today announced that Danielle Royston has provided notice of her resignation as Chief Executive Officer of the Company.  Ms. Royston's resignation will be effective on August 9, 2020, following a 90-day notice period, and Ms. Royston will continue to serve as Chief Executive Officer through the notice period.  The resignation followed recent compensation requests from Ms. Royston that the Board of Directors of the Company declined to meet.

The Board of Directors will be engaging an executive search firm to conduct a search for a new Chief Executive Officer.

"We thank Danielle for her service during a time of unprecedented change and competition in the communications sector of the technology industry," stated Scott Brighton, chairman of the Board.  "We will be expeditiously moving forward to choose a new Chief Executive Officer, and we wish Danielle the best in her future endeavors."

About Optiva Inc.:

Optiva Inc. is the leader in providing communication service providers (CSPs) worldwide with cloud-native revenue management software on the public cloud. Operators and MVNOs can integrate our best-of-breed charging engine into a BSS stack or deploy our fully managed, end-to-end, SaaS-based suite. Optiva solutions offer unmatched speed, scale, security and savings. Our market knowledge, analytical insights and unique Customer Success Program ensure telecoms are equipped to achieve their strategic business goals. Established in 1999, Optiva Inc. is on the Toronto Stock Exchange (TSX: OPT). For more information, visit www.optiva.com.

SOURCE Optiva Inc.

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