hyro receives offer, page-13

http://www.crn.com.au/News/283013,suitor-circles-hyro.aspx

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Formal offer received.

Digital services agency Hyro has recieved a formal purchase offer from an unnamed company hot on the heels of an internal executive reshuffle.

Hyro received the unspecified bid on Friday from a company CEO Dr. Anthony Poiner told CRN was a competitor in the digital services industry without a significant Australian presence.

“They are attracted by our base in Australia and our intellectual property, which does lead us to being approached by various parties from time to time,” Poiner said.

The offer will form part of the discussion at the December 19 Hyro board meeting, but Poiner said there is no deadline for a decision.

He told CRN multiple parties had shown interest in the company but to date this was the only formal offer.

An executive reshuffle at the agency last week saw former CEO Bill Votsaris rise to the position of executive director with banking industry veteran executive Poiner taking over as head of day to day operations.

In a statement to the ASX Hyro chairman Robert Clarke said Poiner had the reputation and understanding of customer relations needed to fulfill the role.

“I look forward to working closely with him to take advantage of Hyro’s position in the dynamic IT & digital services industry”.

Votsaris previously led the Australian team of IBM reseller Synergy Plus, until its 2007 acquisition by Hyro. Votsaris was made COO of the merged entity, a position he held until his appointment of CEO in 2008.

Poiner said that as CEO he would look to improve the quality of both customer service and internal systems at Hyro.