Board Change
13 Mai 2009 - 8:01AM
UK Regulatory
TIDMINVU
RNS Number : 1429S
Invu plc
13 May 2009
13 May 2009
Invu plc
Board change
Invu plc (LSE, AIM: INVU) ("the Company") announces that David Morgan has
resigned as an Executive Director and has left the Company with immediate effect
in order to pursue a new venture.
David's new venture will be focused on developing the opportunities around
Invu's Ergo technology, and as a result will be licensing the technology from
Invu, including a royalty arrangement, as well as supporting Ergo customers on
an ongoing basis.
This arrangement enables the Company to focus on Series 6, its core document
management software which forms the basis of a new suite of products aimed at
key growth verticals, such as the recently announced Invu for Accountants.
In addition, the agreement allows Invu to recoup the investment it has made to
date in Ergo while retaining the rights to the intellectual property as well as
the possibility of licensing to other parties. Invu has retained the right to
sell any enhanced or derivative technologies exclusively in the Document
Management sector.
-ends-
Enquiries:
+-------------------------------------------------------+----------------+
| Invu plc | 01604 859893 |
+-------------------------------------------------------+----------------+
| Daniel Goldman, Non Executive Chairman | |
+-------------------------------------------------------+----------------+
| Colin Gallick, CEO | |
+-------------------------------------------------------+----------------+
| John Agostini, CFO | |
+-------------------------------------------------------+----------------+
| | |
+-------------------------------------------------------+----------------+
| Financial Dynamics | 020 7831 3113 |
+-------------------------------------------------------+----------------+
| Juliet Clarke / Haya Chelhot / Emma Appleton | |
+-------------------------------------------------------+----------------+
| | |
+-------------------------------------------------------+----------------+
| Arbuthnot Securities | 020 7012 2000 |
+-------------------------------------------------------+----------------+
| Tom Griffiths / Ben Wells | |
+-------------------------------------------------------+----------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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