Aconite strengthens team with appointment of two new directors

9 September 2008

Aconite, a leading provider of software and consulting services for managing business applications on chips in smart cards, tokens or mobiles, today announced that is had strengthened its Board with the appointment of Michael Jackson, executive chairman of Elderstreet Investments Ltd and Jim Runcie, EMEIA Regional Vice President of the Datacard Group. This announcement follows recent developments at Aconite with the acquisition of the Affina® Enterprise Platform software from the Datacard Group and the successful completion of a multi-million dollar investment round.

Michael Jackson brings to Aconite over 25 years experience of building global software businesses with a CV that covers chairmanships at FTSE 100 company, The Sage Group and until August 2008 at PartyGaming plc, as well as directorships at various other companies including Netstore plc.

Similarly, Jim Runcie adds a wealth of experience to Aconite’s Board, with a career including 17 years at De La Rue holding a range of General Management and Divisional leadership roles in Biometric (criminal AFIS), Cash Processing, Global Services and Identity Business segments and 5 years with the Datacard Group managing the distribution of solutions to the finance, government and transport markets across Europe, the Middle East, India and Africa.

Mike Woods, CEO at Aconite said “We are delighted to welcome two industry leaders to the Aconite Board at a time when we are undergoing a significant step change in our business. As an active Datacard Director, Jim will be instrumental in unleashing the potential of the Datacard distribution network to Aconite’s solutions. Michael has years of experience of building, selling and undertaking IPOs of software businesses like Aconite and is most highly regarded for his chairmanship of Sage as they grew from a $1 million to $3 billion business. I warmly welcome both Michael and Jim to Aconite and look forward to working closely with them as we take the Aconite business to the next stage of its growth plan”.

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