Ivy Under New Ownership Following Management Buy-Out
As we settle into the new year at Ivy, we have some big news to share.
We are excited to announce that, as of January 7, 2019, Ivy has been acquired by Badza LLC. This executive buyout is being spearheaded by Ivy’s current COO, Markie Bryant.
Badza, LLC. is a US holding company focused on managing innovative technology investments, and brings to Ivy added leadership, technical resources, and capabilities in the fields of engineering, economics, finance, and more.
Working alongside Ivy’s current leadership team, Markie will move into the CEO position with a primary focus on ensuring that Ivy’s technology platform buildout remains vigilant in its fulfillment of the core vision of the Ivy Project. He will further assure that Ivy continues to excel at bringing innovative and meaningful finance products to market.
“Having been in the trenches with the Ivy team over the past 6 months, I’ve gleaned an intimate knowledge of our innovative product offering within an evolving market,” says Markie.
“The experience has helped identify opportunities for bringing in domain experts from the Badza network that will help put Ivy in a position to launch THE next generation of financial products. That’s the kind of business I want to lead and be a part of.”
Ivy’s President Ash Shilkin is equally excited, stating:
“Markie has been an integral part of the leadership team, and this transaction further solidifies the commitment and optimism our executive team has for the Ivy project, We’re particularly excited to onboard Badza’s powerful network of engineering, economic, data science, and financial resources to take the Ivy Project to the next level.”
Previous shareholders will continue to be vested in Ivy tokens (IVY) and are enthusiastic that the incoming team from Badza will fill any potential resource deficits.
The Ivy team are excited for the opportunities this transition to a management-owned organization affords and welcomes Markie in his new role as CEO. Here’s to a successful 2019 for Ivy and our community of supporters!