The Channel logo

News

By | Paul Kunert 14th June 2012 14:45

Computacenter bigwig dethrones older brother to head up Camwood

One Foxall is good, two is better, reckon board

Fresh from its MBO, application portfolio management firm Camwood has lured Computacenter (CC) alliances director Adrian Foxall to move across as CEO.

The board of the London-based Camwood bought out backers Matrix Partners and Foresight in April, some nine years after the venture capitalists first invested in the business.

Foxall, who is to join the firm on 2 July, was made alliances director in January and prior to that held various senior roles including hardware sales director, alliances director and director of Cisco.

Camwood Chairman Graham Norfolk said: "In this current economic climate the need for businesses to rapidly change and grow is paramount. Making this happen requires a catalyst."

The MBO was completed after Camwood sold its App-DNA software toolset for application management to Citrix in October for $92m.

Current CEO Frank Foxall, Adrian's brother, is moving to a non-exec board director role of Camwood Capital to assess "acquisition targets and technology incubation".

In the year to 31 March 2011, Camwood made an operating profit of £1.17m compared to £108,000 in 2010, on the back of 96 per cent rise in sales to £8.45m. ®

alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

Roll up, roll up, get your exclusive market insights
Wile E. Coyote goes over the edge again
money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede