Feeds

Philip Crawford to head up InterX

Shares leap as it posts £4 million loss

  • alert
  • submit to reddit

Internet Security Threat Report 2014

InterX's share price shot up 170 pence this morning as it recorded its end-of-year results and announced plans to replace its CEO.

The company also announced plans to replace its CEO James Wickes with Philip Crawford - who will take up the position on 1 August. Crawford is currently a non-executive director of InterX and chairman of InterX Technology - Cromwell Media's new name. He was previously president of EDS International and senior vice president of Oracle UK and Ireland.

The Internet group saw pre-tax losses of £4.2 million, after exceptional items such as development of InterX's IT Network online product, for the 39 weeks ended 29 April. This date also marked the end of the company's financial year.

Sales were £293 million, of which £292 million related to Ideal Hardware - the company's IT distribution business which InterX recently agreed to sell to US distributor Bell Microproducts. This compared to pre-tax profits of £2.4 million on turnover of £318 million for the 12 months ended 30 July 1999.

InterX's share price rose 14 per cent to 1437.5 pence on the back of the news.

InterX and Ideal Hardware founder Wickes will take up the role of InterX group marketing director, and plans to expand the company's market share abroad.

"I've been very good at building up a distribution business - and I've taken the company into the Internet space," Wickes told The Register.

"Now we need to take InterX from a UK company into a global technology company. I thought it would be a wise move to move across and let Philip take over."

Wickes said he would concentrate on the branding and promotion of InterX's Bladerunner technology overseas. He aims to target companies in France and Germany in the financial services and media sectors within the next 12 months. ®

Beginner's guide to SSL certificates

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.