Gateway Systems Announce New Shareholders

May 14, 2021 | 0 Comments

Gateway Systems Limited announced the addition of new shareholders, which they said was “a consortium of Canadian investors.”

A spokesperson said, “This Canadian Consortium are private investors that are focused on investing in technology companies across the globe. With this investment, the Consortium will bring in new management and technical resources to Gateway to accelerate growth in Bermuda and international expansion.

“John Kyle, Founder and Managing Director of Gateway, has divested his shareholdings in Gateway as part of this transaction and will be transitioning to a new role as Sales Director to drive growth and maintain the customer experience. John Kyle is also preparing to retire after over 30 years at the helm at Gateway. Martin Lau, a representative from the Consortium will be working with John to ensure an orderly transition.”

“This is exciting news for Gateway.”, said John Kyle. “The Consortium’s experience and global network of additional IT resources will help transform Gateway into an international business while improving its service offerings in Bermuda. We believe this transaction will greatly benefit our customers and employees.”

“Successful transition is critical to any organization, and this presents an exciting opportunity to invest in Bermuda.”, said Martin Lau. “We believe Bermuda as a market forms a solid foundation for Gateway to test new products and services such as fintech and leverage this experience to expand internationally. The business and regulatory environments are very encouraging for IT innovation.”

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