Hitec also announced the appointment of Tim Bowen as Non Executive Director. Until recently, Tim fulfilled the joint roles of CFO and COO of IDOX PLC, a publicly quoted Information Management company. âI have known Hitec for many yearsâ he commented, âand have been aware of and enthused by their continually expanding Customer base and multi-product offerings. We are looking forward to a fruitful year aheadâ. During his 5 years service with IDOX, revenues grew to Â£15m through a combined strategy of strong organic growth in niche markets, combined with relevant strategic acquisitions.
Commenting on the results and the appointment, Hitec CEO Jeremy Crame said âTim brings with him a wealth of experience, and I look to forward to working alongside him. This appointment, coupled with a far stronger performance in 04/05 positions us well for the new financial year, particularly in regulated markets, where our solutions are being very well receivedâ.