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Ferguson Replaces Østreng as Confirmit CEO

May 19 2020

Ken Østreng, CEO of research software firm Confirmit, has left the company following its sale to Nordic private equity fund Verdane. Tech sector exec Kyle Ferguson has now taken over his role.

Kyle FergusonIn February, Confirmit was acquired by Verdane following a long-running battle with its billionaire owner Alexander Vik. Verdane is an investor in data visualisation reporting firm Dapresy, which has now been merged with Confirmit.

Østreng, who now serves as Chief Financial Officer of e-learning firm Kahoot!, joined Confirmit more than fourteen years ago as CFO, and has led the company for the past three years. He previously had 25 years' experience in the IT industry, holding senior positions in listed and privately-held companies. Ferguson (pictured) takes over the leadership of Confirmit with more than twenty years' experience in technology, banking and payments. Most recently, he was CEO at financial tech company Fraedom, whose sale to Visa he led in 2018. Prior to this, he served as Chief Commercial Officer and MD at the company, having earlier spent eleven years at American Express.

Commenting on the appointment, Pål Malmros, Partner at Verdane, said: 'As we enter this new chapter, we're delighted to have a visionary leader with a consistent track record of success. Confirmit's goal has always been to provide clients with cutting-edge solutions that help them to grow their businesses, and we're looking forward to an exciting future under Kyle Ferguson's leadership.'

Web site: www.confirmit.com .

All articles 2006-20 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.

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