SOURCE: Cymax

Cymax

December 07, 2015 09:00 ET

Cymax Acquires Key Talent to Spearhead Its Furniture E-Commerce and Technology Growth

Incoming Executives Bring Extensive Experience in E-Tail, SaaS and Analytics and Will Help Lay Foundation for Upcoming Expansion

VANCOUVER, BC--(Marketwired - December 07, 2015) - On the heels of a $30 million Series A funding, Cymax, a technology focused furniture e-tailer, today announced three major appointments to its marketing and technology teams. Two new vice presidents and a senior director will strengthen Cymax's position as a leader in online furniture sales and play a vital role in its evolution from a data driven e-tailer to an integrated ecommerce technology company.

Rizwan Somji joins Cymax as vice president of technology, bringing 15 years of experience leading high performance, agile and globally-diverse technology teams. As the former co-founder and VP of engineering for ResponseTek Networks, Somji brings a track record of building highly scalable, hosted SaaS applications to Cymax's growing development team.

On the retail side, Grant McTaggart joins Cymax as vice president of merchandising and marketing. McTaggart brings over 25 years of experience, most recently as a VP at Best Buy Canada. With deep knowledge of merchandising and consumer behavior, McTaggart will expand and diversify the company's furniture e-tail business with an increased focus on customer experience.

Cymax is also adding to its data team with the appointment of Nathaniel Payne as senior director of data analytics. Payne was most recently with Cardinal Path where he led data science, engineering and product development. Payne's 15 years of experience in cloud computing and analytics will deliver new insights from Cymax's data to advance its technology and growth.

"The calibre of talent we've attracted to Cymax's growing leadership team is a strong testament to the market opportunity in front of us," said Arash Fasihi, founder and CEO of Cymax. "The proven track record of these three outstanding individuals will help lead our teams through a time of rapid expansion and scale, and be vital to Cymax in the coming months."

Cymax has seen 71 per cent growth over the past five years. In October, the multi-brand retailer announced it would utilize its Series A funding to build out an end-to-end ecommerce solution for furniture retailers and develop new technology for shipping and logistics. For more information visit www.cymax.com.

About Cymax:
Cymax Stores Inc. is a privately held Canadian online retailer headquartered in Burnaby, British Columbia, Canada. Founded in 2004 by Arash Fasihi, Cymax focuses on home and office furniture and primarily services the United States. With over 75,000 SKUS, Cymax offers one of the largest selections of online items for home and office. Cymax currently showcases the products of more than 300 North American manufacturers including Stanley and Hooker Furniture and does 97 per cent of its sales in the US.

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