Crawford out in InterX boardroom putsch
Co-founder takes helm
Philip Crawford has resigned as CEO of InterX with immediate effect. (This is a euphemism for being fired.) Company co-founder and executive director Simon Barker has replaced him.
Today, the company revealed it signed up two customers for Bladerunner (a high-ticket content management/customer tracking software platform routinely compared with Broadvision and Vignette)
in the second quarter, and another two for consultancy services.
This pathetic figure tells us, as much as anything, why Crawford is no longer with the company. InterX has Premier League budgets but Dr. Martin League sales.
This is why the axe may be swinging at the software developer's operating costs. In a statement released to the London Stock Exchange today, InterX said it was "concerned with the high ongoing cost of customer acquisition arising from a combination of general market conditions, under which corporate spend on internet-related software has been depressed, and the Company's current route to market.
"Accordingly, the Board has commenced a strategic review of the business in order to take greater advantage of the significant opportunities available for its technologies."
InterX is to announce the results of the review at the release of its interims in March. The company today said that costs and its cash pile were expected to be in line with internal budget forecasts.
Crawford very high-profile in the British IT business sector. Former jobs include top jobs at Bull, Oracle and EDS. ®