Frontier IP Group PLC - London-based intellectual property commercialisation company - Says portfolio firm Elute Intelligence Holdings Ltd has hired Steve Cable as chief executive officer. Says he will guide Elute through the development of existing products with an emphasis on product alignment, market traction and commercial growth. "The Elute technology is based on encoding forensic linguistic principles in software," adds Frontier.
Cable has over 25 years' experience in building businesses. He was recently part of leadership team at CMap Software Ltd, a software firm based in Wilmslow, England.
Frontier IP Chief Executive Neil Crabb says: "Elute has the potential to transform the way in which we search and compare text stored in large, complex, and unstructured datasets. We are very pleased that Steve has been appointed Elute's chief executive. He has already made great progress since he joined the company, and we are looking forward to working with him as CEO as he takes it forward to success."
Current stock price: 59.00 pence, up 5.4% on Friday mid-morning in London.
12-month change: down 46%
By Xindi Wei; xindiwei@alliancenews.com
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