Activist OneMove Pushes for Board Overhaul at Sylogist (1)

Activist investor OneMove Capital Ltd. is seeking to shake up the board of Canadian software maker Sylogist Ltd., saying directors mishandled the company’s shift to a cloud-based business model and oversaw years of underperformance.

OneMove, founded by Tyler Proud, former chair of Dye & Durham Ltd., says it owns about 9.2% of Sylogist’s shares and is urging investors to elect four new directors at an investor meeting next month. OneMove said previous efforts to spur change — including the addition of a nominee backed by PenderFund Capital Management in 2023 — failed to reverse the company’s performance. ...