Ottawa-based construction IoT firm Giatec has announced the appointment of veteran software executive Paul Loucks as its new CEO.
Giatec is developing a wireless sensor that allows real-time temperature and maturity monitoring of concrete. The company’s current co-founders, CEO Aali R. Alizadeh and president Pouria Ghods, will now oversee research and product development activities for the company.
“This is an incredibly exciting time to join Giatec; the company’s impressive corporate growth is the result of an exceptional product offering, a thriving, large addressable market and a dynamic team”, said Loucks. “I am honoured and excited to help build another successful global player for Ottawa.”
Loucks was formerly CEO of Halogen, which develops talent management software solutions. In 2013, Halogen’s IPO raised over $60 million, and it completed a secondary offering raising another $21 million. Loucks was also recognized by the Ottawa Business Awards in 2013 as CEO of the Year. Since departing Halogen in 2015, Loucks has been coaching CEOs across the country on their corporate strategies.
“Coming off a record sales quarter, fueled by robust international growth, it’s the perfect time to bring in a seasoned business leader,” said Alizadeh. “Paul is the perfect choice to help fulfill our vision for Giatec, which is to drive innovations that completely transform the way we build cities and infrastructure.”
Giatec recently received a combined $3.2 million of investment from the Canadian government through Sustainable Development Technology Canada, in order to further study how its technology can reduce the amount of CO2 emissions associated with concrete production.