Blancco Technology Group PLC Appointment of Chief Executive Officer (1514J)

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RNS Number : 1514J

Blancco Technology Group PLC

28 March 2018

Blancco Technology Group PLC

("Blancco", or the "Company")

APPOINTMENT OF CHIEF EXECUTIVE OFFICER

The Board of Blancco Technology Group plc is delighted to announce that, following an extensive selection process, Matt Jones is joining the Company today as Chief Executive Officer and Board Director.

Specialising in the technology sector, Matt is a recognised leader with a successful track record of developing and overseeing the execution of growth strategies for companies in security, storage and communications.

Matt was most recently CEO of E8 Security, a pioneer in behavioural intelligence and cybersecurity based in the USA. Prior to joining E8 Security, Matt held positions at InterAct, a leading cloud-based software provider for public safety (where he was Executive Chairman), CloudShield Technologies, a provider of cybersecurity solutions (where he was CEO) and Allocity a software company concentrating on storage management.

Matt led the transformation and growth at both E8 Security and CloudShield into leading cybersecurity software companies focused on the enterprise market, increasing revenue, building out teams to scale and successfully leading global market expansion. He was instrumental in the sale of CloudShield to SAIC and Allocity to EMC. Matt has also held senior executive roles at Excite@Home, Sprint and AT&T.

Rob Woodward, Chairman, commented: "The Board and I are delighted to welcome Matt to the team. Matt's wealth of experience and success in the international software sector made him the stand out choice among an impressive field of candidates. I am sure he will be instrumental in enabling Blancco to capitalise on the rapidly developing international markets for its products and to meet its full growth potential.

Matt Jones, Chief Executive Officer, said: "I am very much looking forward to joining Blancco and leading the business through the next stage of its growth and development. I have been extremely impressed by the strength of Blancco's product portfolio and the high quality of the people throughout the business and see a clear market opportunity ahead of us. There are many exciting prospects for us to pursue to create value for all of our stakeholders.

Simon Herrick will continue as Interim CFO and the Board wishes to thank him for undertaking the role of Interim CEO since September 2017.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Blancco by Lorraine Young Company Secretaries Limited, Company Secretary of Blancco.

Enquiries:

Blancco Technology Group Plc [phone]

Rob Woodward, Chairman

Simon Herrick, Interim Chief Financial Officer

   Peel Hunt LLP (Nominated Adviser and Broker)                           [phone] 

Edward Knight

Nick Prowting

   Panmure Gordon (UK) Limited (Joint Broker)                               [phone] 

Dominic Morley, Corporate Finance

Charles Leigh Pemberton, Corporate Broking

Tulchan Communications [phone]

Tom Murray

Matt Low

About Blancco:

Blancco Technology Group is a leading global provider of mobile device diagnostics and secure data erasure solutions. For more information, please visit www.blancco.com

Appendix

The following information is disclosed under AIM Rule 17 and Schedule Two (g):

Matthew Craig Jones (known as Matt) (aged 58) does not hold any shares in the Company.

Current directorships or partnerships:

Splice Communications Inc

Previous directorships or partnerships held in the past five years:

E8 Security Inc

InterAct911 Corporation

EOS Climate Inc

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 28, 2018 02:01 ET (06:01 GMT)