- Openn Negotiation (OPN) makes headway in its efforts to break into the US market by establishing an American subsidiary and recruiting key directors
- The company has established a subsidiary in the USA, Openn USA Inc, to manage its activities in the United States
- It also announced the appointment of Eric Bryant as director of operations for Openn USA
- In addition to his existing tasks and responsibilities, Duncan Anderson, has been appointed to the Openn USA board of directors as President Director
- Shares in OPN remain unchanged at 22.5 cents as of 1:40 pm AEST
Openn Negotiation (OPN) has progressed its endeavours of entering the United States market, creating an American subsidiary and appointing key directors.
The company has established a subsidiary in the USA, Openn USA Inc, to manage its activities in the US, and is announced the appointment of Eric Bryant as director of operations for Openn USA.
This is a critical appointment, the company said, as it prepares to launch the USA pilot programme and establish its market strategy in America.
The director of operations is a senior post with budget responsibility, but it is not a board appointment, as is customary in the USA.
Mr Bryant has over 25 years of professional experience in the US, specialising in real estate services, strategy, and technology.
He comes to Openn from First American Data & Analytics, a fully owned subsidiary of NYSE listed-First American Financial Corporation, where he was the National Accounts Director.
Mr Bryant formerly ran his own national real estate technology consulting firm, as well as hosting the radio discussion show ‘Keeping it Real Estate’ for numerous years and will commence his role with the company on September 9.
Openn’s managing director Peter Gibbons said Mr Bryant’s experience in the US market will help the company expand into a large market.
“The US offers a market opportunity of approximately 4.8 million private residential property sales per annum,” he said.
“The scale of market size, combined with the interest we’ve been receiving for Openn generally, makes it the perfect time to build our US presence and capabilities.
“The gap analysis and initial value proposition phase of the pilot program is complete, the technical work currently underway now is focused on preparing the legal framework, product features and user training for first production transactions under pilot conditions in calendar Q4.
“The current plan is to launch the commercial release of Openn into the US market within first half of 2022.”
In addition to his existing tasks and responsibilities, Duncan Anderson, executive director and chief technology officer, has been appointed to the Openn USA board of directors as President Director.
Openn USA is a Delaware-based limited liability company. Openn’s other executive directors, Peter Gibbons and Darren Bromley have also been named to the board of Openn USA.
Shares in OPN remain unchanged at 22.5 cents as of 1:40 pm AEST.