Dave Lacey Named President & CEO of WatServ

--- PRESS RELEASE ---

WATERLOO, Ontario, April 10, 2017 (GLOBE NEWSWIRE) -- WatServ (Waterloo Managed Software Services Ltd.) announced today that Dave Lacey has been appointed President & CEO of the Company.  

"After an extensive search, I am pleased and excited to have Dave join WatServ from Brookfield RPS, a division of our parent company, Brookfield Asset Management. I am confident that Dave's experience in the technology sector and track record of success will accelerate the growth of the Company for many years," said Tom Doerner, outgoing CEO of WatServ. "Customers, business partners and our employees will all benefit from his leadership".      

"I'm very excited to be joining this dynamic technology team to help grow WatServ over the coming years," said Dave Lacey. "Tom and I will work together to transition the leadership so that he can retire from the Company. Tom has agreed to remain a member of the Advisory Board."

About Dave Lacey

Mr. Lacey has had several roles within Brookfield over his 10-year history with the firm.  Most recently Dave was President & CEO of Brookfield RPS, where he was responsible for developing and leading the company's business strategy. He spearheaded both domestic and international corporate development activities for RPS. As a growth oriented leader, Dave has had significant experience working on M&A transactions and joint-ventures particularly in the small in medium-size services sectors.

Prior to joining Brookfield, Dave helped found three startups in the financial services and technology sectors.  He also co-managed a $75M FinTech fund while at Dorset Partners and Borealis. Dave serves on various public and not-for-profit boards and currently represents Brookfield in its U.S. joint-venture with Berkshire Hathaway Home Services.  He is also a director with Perimeter Medical, a biomedical imaging firm. Additionally, Dave serves on the National Enactus and Ontario Children's Wish boards. Dave holds a B.A. from the University of Western Ontario and is an MBA graduate from Wilfrid Laurier University. 

About WatServ

Founded in 2006, WatServ is a global leader in providing hosting and managed services for enterprise business systems. The company provides the most reliable, high performance and secure hosted business systems hosted on either Microsoft Azure or WatServ's private cloud infrastructure.  WatServ supports customers with operations in over 60 countries worldwide, specializing in large, complex, enterprise deployments of Microsoft Dynamics AX, NAV, GP, SL and CRM as well as highly repeatable Azure deployments for both Dynamics GP and Dynamics NAV.

WatServ has offices in Canada, the United States and the United Kingdom with 7 data centers globally.  WatServ is a registered Microsoft reseller of software of as a service, an Azure Inner Circle Partner, and a Microsoft CSP partner in Canada and the United States. 

WatServ is a subsidiary of Brookfield Business Partners, a business services and industrial company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low cost production. Brookfield Business Partners is listed on the New York and Toronto stock exchanges (NYSE:BBU) (TSX:BBU.UN).

About Brookfield

Brookfield Asset Management Inc. is a global alternative asset manager with approximately US$250 billion in assets under management. The company has more than a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. Brookfield offers a range of public and private investment products and services, and is co-listed on the New York, Toronto and Euronext stock exchanges under the symbol BAM, BAM.A and BAMA, respectively.  For more information, please visit www.brookfield.com.

For more information, please visit www.watserv.com or contact:

Meagan Doerner
Americas: 1-866-531-2598 x2307
Europe: +44 1189 65 4008
Email: mdoerner@watserv.com

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