ProStar announces management addition

Vasa Dasan
Vasa Dasan

Vasa Dasan has joined ProStar Geocorp as chief operating officer and a  member of the board of directors of the Grand Junction-based software company.

Dasan will oversee teams in Colorado and North Carolina as well as Canada involved with software and product development as well as professional and customer services.

ProStar combines cloud and mobile technologies with patented processes to create geospatial intelligence software that helps companies and government agencies manage underground infrastructure.

“My decision to join ProStar was based on how impressed I was with their solution, the number of patents that had been issued to a startup and the depth of the development team,” Dasan said. “Of equal importance is that ProStar’s cloud and mobile solutions will provide a tremendous opportunity to address a major global issue of buried infrastructure that impacts the safety of the public and environment. ProStar’s technology has the potential to change the way we view the world.”

Page Tucker, chief executive officer of ProStar, welcomed Dasan. “He is a true technologist who brings an extraordinary set of leadership, business, engineering and project management skills to us in addition to his global network of corporate and academic relationships.”

Dasan also brings to his latest position experience in technology and cloud computing. He worked as chief technologist for Sun Microsystems and its cloud computing practice as well as its SunService division. He also worked in engineering positions at Intergraph and Hewlett Packard.

He worked as vice president of engineering at Symplified and led software development efforts at the University of Colorado at Boulder.

He holds a bachelor’s and two master’s degrees from Bowling Green State University and completed his doctoral work in computer science at Colorado State University.

In November, ProStar announced it has entered into a binding agreement with Doxa Energy in what’s called a reverse takeover. The process offers a way for small private companies to take over publicly traded companies.

Doxa will acquire the issued and outstanding securities of ProStar by way of a share exchange, amalgamation or other form of business combination.

Tucker will remain CEO and president and also serve on a new board of directors. The public company will carry on the business of ProStar and be renamed. The company also will be assigned a new trading symbol.

Doxa is an oil and natural gas exploration firm with operations in Texas. Doxa’s oil and gas interests will be sold before completing the transaction with ProStar. Doxa is listed on the TSX Venture Exchange in Canada.

Tucker said a reverse takeover offers a less expensive and more expedient way for ProStar to become a publicly traded company than the more traditional methods required for an initial public offering. The goal is the same, though, in more easily accessing capital through the sale of stock.

The capital will be used for growth and marketing, he said.

“We are now ramping up our operations in anticipation of being a publicly traded company in just a few months time, and Vasa’s experience in managing multi-billion-dollar companies and early-stage startups will be very beneficial to ProStsr in terms of guidance, creating market value and meeting our corporate objectives,” Tucker said.