Hitec Archive News 2005

 

Record Revenues and Strategic Appointment

22/09/05

Hitec Laboratories, the specialist Electronic Document & Compliance Management solutions provider, announced today record revenues for the 04/05 financial year, with a growth of almost 17% during the year. Hitec also announced the appointment of Tim Bowen as Non Executive Director. Until recently, Tim fulfilled the joint roles of CFO and COO of IDOX PLC, a publicly quoted Information Management company. “I have known Hitec for many years” he commented, “and have been aware of and enthused by their continually expanding Client base and multi-product offerings. We are looking forward to a fruitful year ahead”. During his 5 years service with IDOX, revenues grew to £15m through a combined strategy of strong organic growth in niche markets, combined with relevant strategic acquisitions.

Commenting on the results and the appointment, Hitec CEO Jeremy Crame said “Tim brings a wealth of experience, and I look forward to working alongside him. This appointment, coupled with a strong performance in 04/05 positions us well for the new financial year, particularly in regulated markets, where our solutions are being very well received”.

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