Ex Tern Director1 Aug 2018 12:25
Angus has over 25 years' experience as a venture capitalist and investor, with a particular focus on the technology sector. In 2000 he co-founded Billam plc, an internet incubator, and in 2013 he founded Tern plc, with both companies specialising in making and actively managing technology investments. He has been involved with the IPOs and reconstructions of several AIM companies, delivering increased shareholder value.
Simon Charles, Acting Chairman of Imaginatik plc, commented, "We are delighted to formally welcome Angus to the Imaginatik management team and Board. He has made significant strides in improving operations since his initial involvement with the company started. His understanding of the requirements of a successful technology public company will be invaluable to us as we seek to reinvigorate Imaginatik."
Angus Forrest, incoming CEO of Imaginatik plc, commented, "The initial phase of investigation and a cost-cutting programme to reduce overheads by more than GBP800,000 pa has been completed. I have been extremely encouraged by the opportunity for Imaginatik. The Company has a first-class customer list, a market-leading offering and a dedicated team of employees. I am looking forward to working with them to continue to improve the financial performance and growing Imaginatik, for the benefit of the employees, the customers and the shareholders."