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Ramesys
publication date: Sep 30, 2007
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author/source: R Taylor
Bill Donoghue the Chief Executive of Ramesys has resigned to ‘to seek new pastures with new challenges.’ This euphemism can mean anything and the fact that no successor has been yet been appointed looks odd. Donoghue led the management buyout of Ramesys from its parent company (now called Red Sky IT) in 2005, with funding provided by Lloyds TSB Development Capital (LDC). It’s unusual for the CEO who led an MBO to go before the company is resold and while we have tried all our normal sources no one call tell us what’s going on (if anything) at Ramesys, except they have just won a £17m BSF IT contract with Manchester City Council. |