Ncino, Inc. (NASDAQ: NCNO) has announced the appointment of Justin Nyweide to its board of directors, effective immediately. With over two decades of experience in investing and partnering with growth companies globally in the technology, software, internet, and financial services industries, Nyweide will serve on the board's audit committee.
HMI Capital, a large shareholder of Ncino, has entered into a cooperation agreement with the company, agreeing to customary standstill, voting, and other provisions. This agreement will be included as an exhibit to Ncino’s current report on Form 8-K, filed with the U.S. Securities and Exchange Commission (SEC).
With the appointment of Nyweide, Ncino’s board will now comprise ten directors. Ncino, a leading provider of intelligent, best-in-class banking solutions, has over 1,800 customers worldwide, including community banks, credit unions, independent mortgage banks, and the largest financial entities globally. The company aims to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. Ncino integrates artificial intelligence and actionable insights into its platform to help financial institutions consolidate legacy systems, enhance strategic decision-making, improve risk management, and elevate customer satisfaction. Today the company's shares have moved 0.3% to a price of $32.53. If you want to know more, read the company's complete 8-K report here.
