Smart Identity to change its name to Conduco Plc
Posted by superuser
on Monday 5th of October 2009 |
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Crains Manchester Business reported today that Scott Fletcher's (NS20 Dragon) spin off company, Smart Identity, which operates out of Daresbury Innovation Centre, plans to change its name to Conduco Plc.
Reading between the lines, it looks like Scott is realigning his business portfolio. ANS Group which Scott founded is a key reseller of Cisco products. Conduco will no doubt be working on innovative, and therefore more challenging projects, whilst ANS Group continues to grow with mature product offerings.
Prediction (most likely to be wrong): ANS Group will acquire Conduco withing the next two years.
Original article from Crains Manchester Business
Manchester-based IT company Smart Identity Plc (PLUS: SIDP) wants to change its name to Conduco Plc.
It said the previous name was closely associated with its current single sign on products.
In a statement to the PLUS market, the company said it intends to make “a strategic shift to designing and supplying location based tracking applications and other solutions based on Cisco wireless and telephone infrastructure”.
The company, headed by non-executive chairman Scott Fletcher, said Smart Identity would remain as a product name, but “would be confusing to our customers as we grow into new and more diverse markets”.
Shareholders will be asked to approve the change at the annual meeting on November 3
