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Enables IT chairman departs

Simon Quicke

Network and virtualisation specialist Enables IT has confirmed the departure of its chairman after the dust had settled on its reverse takeover by managed services provider Nexus Management.

The departure of Barney Battles as non-executive chairman to pursue his other extensive business interests was always planned once enough time had passed since the Nexus deal last October.

Chief executive Mike Walliss, who was recently appointed at the Cisco, Mimecast and VMware partner, will become executive chairman on an interim basis with immediate effect.

"It was always Barney's intention to stand down from the board once the integration of the Enables IT and Nexus Management businesses had reached an advanced stage," said Walliss.

"On behalf of the board, I would like to thank Barney for all his help and support relating to the acquisition of Enables IT, the previous restructuring of the Nexus Management Plc business and to also wish him every success in his future endeavours," he added.

In its most recent results AIM-listed Enables revealed it had made a small increase in revenue compared with the previous year, coupled with a healthy boost to operating profits thanks to cost restructuring within the firm.

Total sales of £4.27m were up from £4.12m in February and operating profit grew from £281,635 to £351,924, although the firm also copped to a pre-tax loss of £265,477.

 

Picture credit: Jupiter Images


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