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.
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Enquiries:
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Invu plc
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01604 859893
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Daniel Goldman, Non Executive Chairman
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Colin Gallick, CEO
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John Agostini, CFO
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Financial Dynamics
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020 7831 3113
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Juliet Clarke / Haya Chelhot / Emma Appleton
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Arbuthnot Securities
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020 7012 2000
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Tom Griffiths / Ben Wells
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This information is provided by RNS
The company news service from the London Stock Exchange
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