Former WANdisco chief set to return to stock market
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The former boss of Sheffield-headquartered data software group, WANdisco will return to London’s public markets at the head of an artificial intelligence firm focused on the consumer goods industry.
Sky Business News reports that IntelliAM, which is chaired by David Richards, is poised to list on the junior Aquis exchange next month.
The business, which is also based in Sheffield, is said to be working with Oberon, a corporate advisory firm, to raise around £5m to fund the company’s expansion.
Sky says a 10-day notice is expected to be filed with Aquis by IntelliAM as soon as this week.
Richards, who left WANdisco shortly after news broke of a major fraud at the business in March last year, was asked by its board to repay hundreds of thousands of pounds in bonus payments. However, he rejected requests to do so.
WANdisco has since been re branded as Cirata, and is now led by chief executive Stephen Kelly, the former Sage Group boss.
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