CALGARY, Alberta — Syantra Inc., a precision healthcare company that is changing the way cancer is detected, starting with breast cancer, today named Randy Coates as the company’s new Chief Operating Officer (COO). In this role, Coates will oversee the day-to-day operations with an eye to positioning Syantra for growth.
“We’re proud to welcome Randy as our new COO. He is a proven team builder with extensive hands-on experience in operations management, business leadership, finance, and information systems,” said Bob Shepherd, President and Chief Executive Officer at Syantra. “The company recently achieved a major milestone, completing $6.8 million in Series A fundraising. I’m confident Randy is going to be a tremendous asset as Syantra embarks on our next chapter.”
Coates is a seasoned senior-level executive with a track record of success in both early-stage and more established technology businesses. Prior to joining Syantra Inc., he ran a successful business consultancy. From 2012 to 2019, Coates was the COO and CFO for CoolIT Systems, the world leader in direct liquid contact cooling (DCLC) technologies for data centres, servers, and desktops. In these roles, he steered the company through significant growth and entry into the data centre market segment, where he engaged with such customers as Intel, Dell, and Facebook. Coates is the co-founder of four companies, including Preo Software and Burntsand Inc. Earlier in his career, he grew DCS Systems Limited’s business from $8 million to $22 million in just 30 months.
“I am excited to get to work in my new role. Breast cancer robs far too many families of their mothers, daughters, and sisters. It’s an honour to be part of a team that is working to revolutionize the way cancer is detected. As COO, it will be my responsibility to provide the operational leadership that enables our scientists and researchers to focus on what they do best – transforming lives for the better,” Coates said.
Randy holds an MBA from the University of Calgary’s Haskayne School of Business, where he was on the Dean’s List. Coates previously graduated from the university with a BCom in Information Management Systems. When he is not at work, he enjoys golfing, curling, and fly fishing.
About Syantra Inc.
Syantra Inc. is a precision healthcare company that’s changing the way cancer detection and treatment are undertaken. Its flagship product, Syantra DX | Breast Cancer, is a novel method of detecting breast cancer that utilizes a suite of biomarkers and proprietary artificial intelligence-generated algorithms to provide a positive or negative result. Syantra DX represents an early entrant into the emerging molecular diagnostic sector. Syantra is located in BioSpace1 in Calgary, Alberta. For more information, please visit www.syantra.com.
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