Appointments

SysGroup plc is to close its Liverpool headquarters at the end of February and it will be registered in Manchester from March.

Its lease at Walker House, Exchange Flags (pictured) in the city is set to expire on 1st March. The new registered address will be 55 Spring Gardens in central Manchester.

SysGroup has offices in Bristol, Edinburgh, London, Manchester and Newport following a string of acquisitions in recent years.

Martin Audcent will also step down as CFO and from the board of the listed digital transformation company “to pursue other interests” after five years’ service.

He will continue to support the business until 30th June 2024, with his replacement Owen Phillips, who joins from his role as a director of the finance function at Manchester-based Matillion – valued at $1.5 billion in its last funding round – set to start on 11th March.

Phillips previously held various financial management positions in the data and tech sector as well as working in professional practice at Grant Thornton UK LLP.

“We continue to strengthen the senior management team with individuals with invaluable experience and expertise from industry leading companies,” said Heejae Chae, executive chairman of SysGroup.

“Owen joined Matillion in 2018 at its start-up phase with 60 employees. Matillion is a global tech unicorn with over 500 employees around the world.

“His wealth of experience in helping Matillion with its growth and maturity will be invaluable in our journey.

“I would like to take this opportunity to express our appreciation to Martin for his valuable contribution since 2018 and extend our best wishes for his future endeavours.”

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The company’s board will be comprised of Chae, Phillips and non-executive directors Mike Fletcher, Mark Reilly and Paul Edwards.

SysGroup, billed as a technology partner for delivery and management of cloud, data and security to power artificial intelligence and machine learning transformation, said it had performed well during the third quarter with double digit revenue growth versus the comparable period last year. 

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“We have already signed our inaugural AI/ML engagement to support a drug discovery company on their AI data journey. We have also recently concluded a three-year agreement valued at over £500,000 to deliver a market-leading security solution to a public sector organisation via G-Cloud Framework. The full value of the contract will be recognised in the fourth quarter,” it stated.

Following the statement to the London Stock Exchange, the company’s share price rose more than £3 in early trading on Tuesday to just under £35 (as of 9.30am).

Its share price reached £49 during COVID but bombed to £20 for two months in late 2022 before bouncing back.

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