Oxford Metrics PLC Appointment of Non-Executive Director (0546S)

TIDMOMG

RNS Number : 0546S

Oxford Metrics PLC

21 June 2018

21 June 2018

Oxford Metrics plc

("Oxford Metrics", the "Company" or the "Group")

Appointment of Non-Executive Director

Oxford Metrics plc (LSE: OMG) the international software company servicing government, life sciences, entertainment and engineering markets, is pleased to announce the appointment of David Quantrell as a Non-Executive Director with immediate effect. David will be a member of both the Remuneration Committee and Audit Committee. With this appointment, Oxford Metrics' representation of non-executive directors on the Board is expanded from three to four.

David Quantrell has more than 30 years of experience in senior management roles across the software sector. He was Vice President and General Manager, EMEA at Clarify, a global software company. There, he helped build the business ahead of its sale to Nortel Networks, where he then took the role of President EMEA of the fast growing eBusiness division. In 2006, David was appointed Vice President and General Manager, EMEA, HP Software, where he led the integration of Mercury Interactive in EMEA, a business he had run prior to its acquisition by HP and sat on the global software management team. Following this role, David was appointed President, EMEA at McAfee where he led a major European change programme to re-establish organic growth. Most recently he was Senior Vice President and a member of the global management team at Box, a cloud storage company, where he helped to establish the brand in Europe during a period where the Company experienced dramatic growth and a successful IPO on the New York Stock Exchange ('NYSE').

David is currently an adviser to a number of privately-owned and venture-backed cloud software providers in both the United Kingdom and United States.

Commenting on the appointment Roger Parry, Chairman of Oxford Metrics, said:

"I am delighted to welcome David to the Oxford Metrics Board and we look forward to working with him. This appointment further strengthens our non-executive representation - David has substantial experience in senior management roles at a variety of global software companies. That experience will be invaluable to Oxford Metrics as we look to continue to grow our SaaS customer base and expand internationally."

Commenting on his appointment David Quantrell, said:

"This is an exciting time for Oxford Metrics. Yotta continues to broaden its capabilities and market appeal and there is a clear opportunity ahead to change the way nations manage their infrastructure assets. Vicon is a leader in its field and with the launch of IMU-Step - a SaaS product sold on subscription - there is an opportunity to grow its base of recurring revenues. Having held senior leadership roles at Box, HP Software and McAfee, I hope to bring my experience to bear, as the Group continues to grow into an international software business."

In accordance with paragraph (g) of Schedule 2 of the AIM Rules, David George Quantrell, aged 57, holds or has held in the past 5 years the following directorships and partnerships:

 
 Current                        Previous 
 Quantrell Consulting Limited   NIU Solutions Holdings Limited 
                                Box.com (UK) Limited 
 

Board Composition

As of 21 June 2018 the composition of the Oxford Metrics plc Board will be as follows:

Non-Executive Directors:

 
Roger Parry      Non-Executive Chairman 
Adrian C Carey   Non-Executive Director 
                 Audit Committee Chair 
Jonathon Reeve   Non-Executive Director 
                 Remuneration Committee Chair 
David Quantrell  Non-Executive Director 
 

Executive Directors:

 
Nick Bolton        Chief Executive Officer 
David Deacon       Chief Financial Officer 
Cathy Robertson    Group Executive Director 
 
 
 For further information please contact: 
 
 Oxford Metrics plc                         [phone] 
 Nick Bolton, CEO / David Deacon, CFO 
 
 FTI Consulting                             [phone] 
 Matt Dixon / Emma Hall / Harry Staight 
 
 N+1 Singer (NOMAD to Oxford Metrics)       [phone] 
 Shaun Dobson / Jen Boorer 
 

About Oxford Metrics

Oxford Metrics develops and markets analytics software for motion measurement and infrastructure asset management to clients in over 70 countries worldwide. Our list of clients across the globe is as diverse as the markets we operate in; we help highways authorities manage and maintain their road networks, hospitals and clinicians decide therapeutic strategies and Hollywood studios create stunning visual effects. And the diversity of applications is growing all the time.

The Group trades through two subsidiaries: Vicon and Yotta. Vicon is the world's leader in high precision motion measurement analysis to thousands of customers worldwide, including Guy's Hospital, EA Sports, MIT and NASA and our software is used in an ever expanding range of applications. Yotta provides cloud-based infrastructure asset management software to central and local government agencies and other infrastructure owners. Yotta has a large number of high profile clients including Highways England and Amey in the UK and VicRoads in Australia amongst others.

Founded in 1984 our Group is headquartered in Oxford with offices in Leamington Spa, Gloucester, California, Colorado, Singapore and Auckland. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company listed on AIM, a market operated by the London Stock Exchange.

For more information about Oxford Metrics, visit www.oxfordmetrics.com

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

BOAQBLFLVQFBBBE

(END) Dow Jones Newswires

June 21, 2018 02:00 ET (06:00 GMT)