Benzinga | Sep 1, 2021 04:16PM EDT

Forian Names Michael Vesey As CFO

Michael Vesey has been appointed Chief Financial Officer effective September 2, 2021. Vesey will succeed Clifford Farren, who will remain with Forian in an advisory capacity through the end of the year to ensure an orderly transition.

Vesey was most recently the Chief Financial Officer of Wayside Technology Group, Inc. (NASDAQ:WSTG), a provider of cyber security, software and technology solutions. During his five-year tenure with Wayside, Vesey led multiple acquisitions that facilitated the organization's shift to cloud marketplace, resulting in a significant increase in average share price over a two-year period. Prior to Wayside, Vesey spent nine years at Majesco Entertainment Company growing from the company's Chief Accounting Officer to Chief Financial Officer. Vesey received his BBA in Public Accounting from Pace University and his master's degree in Finance from Penn State University.

"Michael brings a successful history of driving results and positioning emerging companies for growth, and we are happy to welcome him to our team," said Max Wygod, Executive Chairman of Forian. Max continued, "As I mentioned on our last earnings call, I believe it is an exciting time at Forian with our new products expected to be released in market and meaningful growing backlog and pipeline giving us a solid opportunity for future substantial revenue growth."

"On behalf of our entire team at Forian, I share with Cliff our gratitude for his efforts during his tenure as our Chief Financial Officer," said Dan Barton, Forian's Chief Executive Officer. "Over the past year, Cliff supported our combination with Helix Technologies and listing on Nasdaq. We wish Cliff all the best in the chapters ahead as he focuses on his health and future endeavors."