Tekcapital's Guident Strengthens Board with Tech Titan Michael Tessler Ahead of NASDAQ IPO

Tekcapital's portfolio company Guident has appointed Michael Tessler to its Board of Directors ahead of its proposed NASDAQ IPO. Tessler, a US tech titan, brings experience scaling listed technology businesses and achieving a $1.9bn takeover. He founded BroadSoft, which was acquired by Cisco in 2018. Guident provides safety technology for autonomous vehicles and aims to accelerate adoption and deployment of autonomous transportation. Tessler's appointment will support the rollout of Guident's technology to additional customers and add a heavyweight to the board ahead of a major milestone in Guident's growth story.

London-based Guident Corp., a specialist in remote monitoring and control systems for autonomous vehicles, has appointed Michael Tessler to its Board of Directors. This appointment comes just as Guident prepares for a potential NASDAQ IPO, with Tessler's extensive experience in technology leadership set to support the company's growth [1].

Tessler, who previously served as CEO of BroadSoft, brings over three decades of experience in technology and communications leadership. Under his tenure, BroadSoft grew from its founding stage to become a global provider of Unified Communications as a Service, operating in over 80 countries and employing more than 2,000 people. His leadership culminated in BroadSoft’s acquisition by Cisco Systems for $1.9 billion [1].

Harald Braun, Chairman and CEO of Guident, highlighted Tessler’s track record in building high-growth technology companies and his visionary leadership, noting that his appointment will be pivotal as Guident expands its autonomous vehicle monitoring solutions [1].

Tessler expressed enthusiasm about joining Guident, stating that the company’s technology has the potential to redefine safety and reliability in autonomous transportation. Guident commercializes patented technology for autonomous vehicle remote monitoring, control, assistance, and passenger support services [1].

The appointment of Tessler is effective immediately, and his addition to the board is expected to support the rollout of Guident’s technology to additional customers, adding a heavyweight to the board ahead of a major milestone in Guident's growth story [1].

Guident is a portfolio company of Tekcapital plc (AIM:TEK), which owns approximately 70% of Guident Corp. Tekcapital is a UK-based intellectual property investment group focused on creating products aimed at improving people’s lives [1].

References:
[1] https://www.investing.com/news/company-news/guident-appoints-former-broadsoft-ceo-michael-tessler-to-board-93CH-4199076
[2] https://www.bisinfotech.com/3m-indias-role-in-shaping-autonomous-connected-vehicle-technologies/