Feeds

NHS IT fiasco claims scalp at iSoft

iSoft CEO resigns after calamitous start to the year

iSoft's CEO has stepped down after the firm was caught up in the NHS IT fiasco.

In a statement to the City yesterday, Tim Whiston said: "I have become increasingly concerned that my continued role with the Company may represent a source of negative speculation and comment, being an unhelpful distraction to those within it."

As a major supplier of software to the multi-billion NHS IT programme, iSoft has been pincered by painfully tight contractual terms and poor execution of the programme by the NHS. The contract means iSoft doesn't get a fig till it delivers the goods.

This should not have been news to anyone with a close eye on the firm. Nevertheless, iSoft shares have dived nearly 90 per cent from around 400p since January, when Whiston announced that revenues and profits from the programme would be £55m and £45m lower respectively than expected this year.

Its share price has rallied a little to around 60p since Whiston said he would go. A National Audit Office report into the NHS IT programme, due any day now, might also make the future a little clearer for financial forecasters.

iSoft chairman John Weston will look after the the CEO's job till a replacement is found.®

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
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.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.