9 Apr 2015 07:00
Castleton Technology PLC
("Castleton", "the Group" or "the Company")
Appointment of Director/ Keylogic Update
Castleton Technology plc (AIM:CTP) is pleased to announce that Davinder Sanghera has been appointed to the Board of Directors as Chief Operating Officer with immediate effect.
The Company is also pleased to report that Keylogic Limited, acquired on 2 March 2015, is trading ahead of expectations, delivering over £1 million of bookings in March, which is 40% up on the same period in the previous year. The rest of the Group also continues to perform well ahead of expectations, delivering strong organic growth.
Davinder joined Castleton in November 2014 at the time of its acquisition of Documotive Limited ("Documotive"), where she was Sales Director. Davinder joined Documotive in its formative year and was instrumental in driving product development and sales strategy within the business. Davinder has 23 years' experience within the social housing sector and over 12 years' specific experience in selling Housing Management and Finance software solutions. Prior to Documotive, Davinder worked with various organisations within the social housing sector, holding front-line housing management positions at Housing 21 and Bromford Housing Group.
Ian Smith, CEO of Castleton, said:
"We are delighted to welcome Davinder to the Board. Davinder has an excellent understanding of the social housing sector which is a key market for Castleton and comes with a proven sales track record as well as an established industry profile within the sector. Documotive has performed strongly since acquisition and we are pleased to report that trading within the rest of the Group is encouraging. "
The following further information in relation to the appointment of Davinder Kaur Sanghera, aged 48 is disclosed in accordance with Schedule 2 (g) of the AIM Rules for Companies:
Current Directorships
Documotive Limited
Keylogic Ltd
Opus Information Technology Ltd
South View Solutions Limited
365 Agile Limited
There are no other matters which are required to be announced under Schedule 2(g) of the AIM Rules for Companies.
Enquiries:
Castleton Technology plc Ian Smith, Chief Executive Haywood Chapman, Chief Financial Officer
| Tel. +44 (0)20 7965 8149 http://www.castletonplc.com |
finnCap Charlotte Stranner/ Simon Hicks | Tel. +44 (0)20 7220 0500 |
MXC Capital Advisory LLP Marc Young | Tel. +44 (0)20 7965 8149 |