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17 July 2013

ComOps Limited (ASX:COM), a leading Australian provider of business software products and services, has entered into an agreement with Markinson Software Solutions Pty Ltd (Markinson) to sell its Korellus Enterprise Resource Planning (ERP) business operations and assets.

The proposed sale of the ERP business to Markinson follows a review undertaken by the ComOps Ltd board of directors to assess the most appropriate action to be taken to reduce debt and build value for shareholders in its expanding workforce management markets. The directors have each indicated that as shareholders it is their intention to vote in favour of the sale and the board unanimously recommends that Shareholders vote in favour of the sale.

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28th June 2013

The ComOps Limited Board of Directors is pleased to announce the appointment of Mr. Peter Wicks and Mr. Andrew Roberts as new non-executive directors of ComOps Limited.

Their appointment follows the previously announced resignation of Mr. Murray Creighton and Mr. Tony Karabatsas as independent non-executive directors of ComOps Limited. The resignations become effective today and the Board records its appreciation for the efforts of Mr. Creighton and Mr. Karabatsas since their appointments.

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8th April 2013

The ComOps Limited Board of Directors has advised that it has accepted the resignation of its Chief Executive Officer, Mr. Daniel Sheahan, which will be effective 30th June 2013. The board has expressed their thanks to Daniel for his contributions to the company and they will soon be commencing their search to recruit a suitable new CEO. 

In the interim, the board is pleased to announce the appointment of Mr. Colin Henson as Joint CEO of ComOps Limited. This appointment will be on a part-time basis until 30th June 2013.

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3rd June 2013

Following the announcement of the resignation of Mr Alex Ninis as an independent non-executive director on Friday 31 May, 2013, the ComOps Limited Board of Directors is pleased to announce the appointment of Mr Stephen Rattray as a new non-executive director of ComOps Limited.

Mr Rattray has been principal of management consultancy Time Management Group P/L for the past 25 years, during which time he has designed and or managed numerous corporate rebranding, restructuring and reorganisation projects, established and run the Australasian operations of several US financial information distribution groups [Dow Jones / Telerate] and been CEO of an ASX listed technologies group.

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1st February 2013

Korellus, the ERP division of ComOps Limited, has launched an innovative Procure-to-Pay (P2P) automation solution designed to streamline the complete procurement transaction life-cycle. This automation software encompasses the complete process from requisition and ordering, through to final invoice handling, enabling significant cost savings and productivity efficiencies as well as better cash flow forecasting and capital management.

Visit our Korellus website to read the full story