Feeds

PartyGaming founders quit board

Cash in chips, throw in hands and leave the table

SANS - Survey on application security programs

Two of the founders of online poker site PartyGaming are leaving its board of directors.

The techy brain behind the site, Anurag Dikshit, is leaving the board but will continue to develop new products as the new head of research and special projects.

Group marketing director Vikrant Bhargava is also stepping down. He will leave the company at the end of the year. Despite this, the firm says it hopes he will still "be available to advise the group".

The two have already made almost £500m from selling shares in the company. Between them they still own some 39 per cent of the company, which has a market capitalisation of over £5bn.

In February, the company sold almost a quarter of its shares to Japanese investment firm Softbank.

It also lost chief executive Richard Seagal because he did not want to relocate to Gibraltar. Some observers said the moves showed new chief executive Mitch Garber was making his mark at the firm.

In a joint statement, Bhargava and Dikshit said they were confident the firm's marketing and technology departments would continue to flourish and they welcomed the arrival of Mitch Garber.

The whole statement is available here. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.