Business
Structural and Strategic Reor
Structural and Strategic Reor.
About this update from Synectics Plc
[{"type":"text","content":"\n RNS Number : 9404T Quadnetics Group PLC 16 June 2009 \n \nFor Immediate Release 16 June 2009\n\n\nQuadnetics Group plc\n\nStructural and Strategic Reorganisation\n \nResults of Review of Operations by New CEO\n\nQuadnetics Group plc ('Quadnetics'), a leader in the development, design, integration and control of advanced CCTV and networked video systems, is pleased to provide an update on the structural and strategic reorganisation that is being implemented by its recently appointed Chief Executive, John Shepherd.\n\nOn joining the Group in November 2008 John announced that he would review all operations to assess what changes may be necessary to maximise the opportunities open to the Group. The primary aim of the review was to determine which market sectors offer the best growth opportunities and to structure the business accordingly. \nThe new structure and strategic direction were implemented on 1st June 2009 at the start of the Company's new financial year.\n\nNew Divisional Structure\n\nThe reorganisation seeks to increase focus on the core vertical markets in which the Group is currently strong and where there are significant opportunities for expansion in terms of products, services and geographical reach. This has resulted in the creation of four customer-facing divisions;\n\n\n\nMobile Systems - bus, rail, haulage, emergency services\n\n\nIndustrial Systems - oil, gas, marine, heavy industry\n\n\nNetwork Systems; and - banking, gaming, high security,\n\n\nIntegration and Managed Services - government, retail\n\n\n\nCentral...