Services company Skillsgroup will invest £10m in ebusiness projects over the next 12 months as founder and chief executive David Southworth steps down from the organisation.
Southworth has been chief executive at Skillsgroup for 14 years, having originally started at sister company, the reseller arm P&P, which was later sold to defunct distributor Merisel to concentrate on purely on services. In a statement, he said it is appropriate for different staff to take the company to the next stage of development.
Southworh will step down as chief executive of the group by 1 December and eventually cut his ties with the organisation by relinquishing the chairman's position. A deputy chairman and chief executive designate will be found.
As part of the company's planned investment, the majority of the funds will be used to setting up qaglobal.com, an online version of the company's IT training business QA Training offering courses on the internet. The money will be used to establish the qaglobal.com site, branding and marketing to convince corporates that training can be web based.
The company said some of the earmarked funds will also go towards shifting the strategy of its consulting business, Pontis Consulting, to adopt an ebusiness capability.
At the company's annual general meeting last week, the organisation stated that the year to date trading has been better than expected in QA Training and on track in QA Myriad. Pontis is gaining momentum in the second quarter as corporate spending is released while Acuma is finally starting to see its project-based business return after a weak first quarter.
The company's first half results will be impacted both by the mixed start to the year by its businesses and by the pace and extent of spending on the various web-based initiatives already indicated. Skillsgroup said it anticipated that its overall expectations for the year will be met, with a particularly strong bias to the second half of the year.
IBM and Technical University of Munich team demonstrate how Shor's algorithm, which can't be cracked by conventional computers, can be solved quickly with quantum computing
Hubble Space Telescope finds superflares from young red dwarfs could strip away planetary atmosphere
Younger stars are 100 to 1,000 times more energetic than when they're older
Two of the big four supermarkets will use the system to control sales of restricted products
PUBG news and updates: November's Update #23 to bring new Skorpion pistol and changes to blue zone visibility
Genuinely useful side-arm coming to PUBG in Update #23