Cybit appoints Bill Henry as CEO

14 April 2010, 8:30pm

Wednesday, 14 April 2010 – The Board of Cybit Group Holdings Ltd is delighted to announce the appointment of Bill Henry as its new Chief Executive Officer (CEO). Mr Henry has been appointed to lead the expansion of the group and build on Cybit’s 10-year track record of profitable European growth.

Mr Henry has more than 20 years of experience running international technology companies. Prior to joining Cybit, Mr. Henry was the CEO of TeleAtlas the global-leader in digital mapping and a member of the TomTom executive team.

Cybit Holdings Plc was recently acquired and taken private by Francisco Partners, a $5bn global technology-focused investment group that provides transformation capital to accelerate business growth.

Bill Henry, incoming Cybit Holdings Ltd CEO, said: "I am excited to be part of the Cybit team and lead the next phase of our growth. The Telematics industry offers proven and compelling business benefits to customers. There remains huge value to be created by enabling our customers to implement next-generation services beyond vehicle tracking.

"We will build on the strong products, customer base, and reputation for service that Cybit has established over the last 10 years. Working with Francisco Partners, we have incredible new opportunities to grow, both organically and through a significant acquisition programme as the industry consolidates across the UK and Western Europe."

Deep Shah, Partner, Francisco Partners commented: "We are committed to investing in and accelerating the considerable success that Cybit has had to date through both organic and acquisitioned growth. We have conducted considerable due diligence on the European telematics market for many years and concluded that Cybit represented our best opportunity to build the leading European telematics provider and platform.

"We are delighted that we have attracted Bill Henry to head our organisation and lead the next exciting phase of Cybit’s development."

In addition to his role at TeleAtlas, Bill Henry was Chief Operating Officer charged with turning around iSOFT, one of the world’s largest providers of healthcare IT solutions. He was also CEO at Star Technology Services, a division of Message Labs Group and has held executive roles at PeopleSoft, and Bellcore/Telcordia Technologies, Sprint and Computer Sciences Corporation (CSC).

Cybit Group Holdings Ltd

Geo: International