RNS Number : 7738A
Arcontech Group PLC
04 April 2012
ARCONTECH GROUP PLC
("Arcontech" or the "Group")
Arcontech Ltd Board Appointments Strengthen Growth
Arcontech Ltd, key trading subsidiary of Arcontech Group PLC and a leading vendor independent provider of sell-side alternative market data contributions and distribution technology, is pleased to announce the appointment of two additional directors, adding talent and experience to the existing Board membership. The appointments recognise the long service and dedication of existing key staff members.
Sarah Wisbey, who has been with Arcontech since 1992, becomes Administrative Director, responsible for overall office operations, including human resource and facilities as well as procurement and expense management. Sarah will work closely with Chief Executive Officer, Andrew Miller and other key staff on strategic and tactical planning for the Group.
Darren Lewis, who joined Arcontech in 1999, is appointed Director of CityVision Development, with remit to drive forward product development and technical strategy.
Andrew Miller commented: "Both Sarah and Darren have contributed greatly to the development of Arcontech. Sarah continues to provide excellent support in her varied roles while Darren has been instrumental in formulation and execution of CityVision product direction. I welcome them to the Board and look forward to their continued help and support."
Founding directors of Arcontech Ltd Stephen Prout and Andrew Weber remain on the Board, together with Michael Levy (Finance), providing continuity and great depth of experience. Recruitment of additional staff is underway to provide increased resource for company expansion.
For further information please visit www.arcontech.com or contact:
Arcontech Group plc
Andrew Miller, Chief Executive
+ 44 20 7256 2300
Northland Capital Partners Limited
+44 20 7796 8823
Notes for Editors
About Arcontech Group Plc
Arcontech Group Plc's (AIM: ARC) key trading subsidiary is Arcontech Limited.
Founded in 1979, Arcontech is real-time software specialist providing products and bespoke systems for collection, processing, distribution and presentation of time-sensitive financial markets data.
Arcontech is independent of any data vendor (such as Thomson Reuters or Bloomberg) and has thrived due to timely delivery of dependable, cost-effective solutions to the financial community based on its award winning CityVision product suite. Its diverse clients range from National Government, Investment Banks and Data Vendors through to Brokers and Bookmakers.
Arcontech installed its first digital market data products in 1983 and has continually developed new, innovative systems and products, adopting leading edge technology, proven in the marketplace.
CityVision supports collection, aggregation and redistribution of market data in real-time from multiple sources to multiple destinations. Sources can include vendor data feeds, exchanges, MTFs (Multi-lateral Trading Facilities) and contributed data from the spreadsheets and trading systems of the pan-European investment banking community. Destinations include multiple vendor contributions, dealing desk displays, Microsoft Excel, real-time streaming web updates and on-line trading applications.
CityVision is fast, flexible, fully resilient, scalable and secure, with a full authentication and entitlements system. The system is extensible to receive instruments in any asset class, from hundreds of contributors and to provide controlled re-distribution.
CityVision can interoperate with other systems (such as Thomson Reuters RMDS and Bloomberg) via existing de-facto standards (such as Marketlink, SSL and FIX) and via its own comprehensive APIs. This means it can provide cost effective solutions to add value to or replace incumbent systems.
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