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Simon Roy

Simon Roy is the Chief Financial Officer of Devolutions, a leading provider of password, credentials, and remote connection management solutions. Simon started his career with a Bachelor of Commerce degree from the Université du Québec à Montréal and has since acquired over twenty years of experience in finance, accounting, and economic development in various companies. In 2011, Simon joined an IT services provider as Vice President of Finance, a role that allowed him to hone his skills in financial management, strategic planning, and risk assessment. In 2017, he joined Devolutions as CFO, overseeing all financial operations such as budgeting, forecasting, and financial reporting, and driving their growth strategy by identifying opportunities for expansion and developing plans for sustainable growth. Not only is he highly engaged professionally, but he is also actively involved in his community. Passionate about economic development and local entrepreneurship, Simon sits on various boards of directors and volunteers to analyze funding applications for a local organization. With his extensive experience and commitment to excellence, Simon is an invaluable asset to Devolutions' team.

Devolutions: A Pillar of Financial Stability in Uncertain Times

Summary

Devolutions is a financially secure and resilient organization that employs an inbound marketing strategy, dedicates resources to R&D, and values its stakeholders. We understand the trust our clients put in us and are committed to delivering long-term value even through difficult times. Our unique engagement towards helping our customers succeed in their business goals gives us an edge over our competitors, and combined with our financial stability, makes us the ideal partner for IT and cybersecurity professionals.

Greetings, valued partners and clients. As the Chief Financial Officer at Devolutions, I want to address a topic that's likely weighing on many of your minds: financial stability. In today's unpredictable landscape, it's essential to collaborate with companies capable of navigating challenges and emerging stronger. I'm proud to say that Devolutions stands among these resilient organizations.

My empathy extends to the numerous struggling companies within our industry. We share this journey, and therefore ought to offer mutual support. To that end, I'd like to highlight the unique attributes that enable Devolutions to thrive during adversity.

One of the things that set us apart is our dedication to cautious and deliberate investments, ensuring we maintain positive cash flow. Our CEO and majority shareholder, David Hervieux, has always championed constructing a financially robust company without reliance on excessive burn rates or debt. This strategy has empowered us to overcome economic downturns and various obstacles, and ultimately emerge stronger.

Devolutions adopts an inbound marketing approach, avoiding aggressive sales techniques. Consequently, our sales and marketing expenditure is half that of our competitors, which allows us to invest above the industry average in research and development. This commitment to R&D consistently delivers innovative features and functionality to our clients, adding value to their business operations.

We also prioritize delivering value to all stakeholders, not just shareholders. Recognizing our customers' integral role in our success, we're dedicated to fostering robust relationships with each one of you. We don't merely sell software; we're here to help you achieve your objectives and prosper in your business.

During these uncertain times, partnering with stable, resilient companies is more crucial than ever. When you collaborate with Devolutions, you can trust that you're engaging with a financially secure company devoted to innovation, continuous improvement, and delivering value to all stakeholders. We're not in it for the short term; we're here for the long haul, steadfastly committed to your success regardless of the challenges ahead.

Thank you for placing your trust in Devolutions as your technology partner. We eagerly anticipate further supporting your business goals.

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