Activist investor OneMove Capital Ltd. is seeking to shake up the board of Canadian software maker Sylogist Ltd., saying directors mishandled the company’s shift to a cloud-based business model and oversaw years of underperformance.
OneMove, founded by Tyler Proud, former chair of Dye & Durham Ltd., says it owns about 9.2% of Sylogist’s shares and is urging investors to elect four new directors at an investor meeting next month. OneMove said previous efforts to spur change — including the addition of a nominee backed by PenderFund Capital Management in 2023 — failed to reverse the company’s performance. ...
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