Tom Fischer has taken on the role of chief executive of retail software systems provider Prologic.
Fischer previously worked at SAP and Retek, up until its purchase by Oracle. Managing director Sam Jackson will become chief technology officer.
At 31.5p a share, Prologic is valued at £3.15m. The shares are rarely traded but there were more than 1m shares traded following the appointment.
Prologic reported a halving of profit to £60,000 in the year to March 2010. Revenues were flat at £9.75m. Net cash was £1.41m.
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