Cybit Group Holdings Ltd is delighted to announce the appointment of Bill Henry as its new Chief Executive Officer (CEO). Mr Henry has been appointed to lead the expansion of the group and build on Cybit’s 10-year track record of profitable European growth.
Mr Henry has more than 20 years of experience running international technology companies. Prior to joining Cybit, Mr. Henry was the CEO of TeleAtlas the global-leader in digital mapping and a member of the TomTom executive team.
Cybit Holdings Plc was recently acquired and taken private by Francisco Partners, a $5bn global technology-focused investment group that provides transformation capital to accelerate business growth.
Bill Henry, incoming Cybit Holdings Ltd CEO, said: "I am excited to be part of the Cybit team and lead the next phase of our growth. The Telematics industry offers proven and compelling business benefits to customers. There remains huge value to be created by enabling our customers to implement next-generation services beyond vehicle tracking.
"We will build on the strong products, customer base, and reputation for service that Cybit has established over the last 10 years. Working with Francisco Partners, we have incredible new opportunities to grow, both organically and through a significant acquisition programme as the industry consolidates across the UK and Western Europe."
Deep Shah, Partner, Francisco Partners commented: "We are committed to investing in and accelerating the considerable success that Cybit has had to date through both organic and acquisitioned growth. We have conducted considerable due diligence on the European telematics market for many years and concluded that Cybit represented our best opportunity to build the leading European telematics provider and platform.
"We are delighted that we have attracted Bill Henry to head our organisation and lead the next exciting phase of Cybit’s development."
In addition to his role at TeleAtlas, Bill Henry was Chief Operating Officer charged with turning around iSOFT, one of the world’s largest providers of healthcare IT solutions. He was also CEO at Star Technology Services, a division of Message Labs Group and has held executive roles at PeopleSoft, and Bellcore/Telcordia Technologies, Sprint and Computer Sciences Corporation (CSC).
Cybit is a global force in Telematics, operating within three core sectors: Internet-based vehicle Telematics solutions; Economic Exclusive Zone (EEZ) Management; and Private Mobile Radio (PMR) based asset tracking and precise positioning solutions.
In the vehicle Telematics sector, Cybit is one of Europe’s leading Telematics Service Providers. More than 2,000 business-to-business clients use the company's fleet and asset management solutions to manage assets primarily in the public sector, service industries and logistics and distribution markets. Solutions include in-vehicle technologies, workflow management, CanBus integration and internet-based monitoring and reporting software. The company also provides consulting services to advise on operational and legal issues such as duty of care and working hours.
Cybit is also a global leader in the field of EEZ fisheries management, tracking many thousands of fishing vessels on a daily basis. The company provides vessel monitoring and catch management solutions for many of the world’s major fishing nations. As well as EC governments including the UK, Ireland and Greece, Cybit helps to manage valuable fishing stocks for emerging nations such as Ghana, Namibia and Mozambique.
Cybit’s PMR business provides asset-tracking and precise positioning solutions for both maritime and land-based applications including mineral exploration and coastal security, Its precise positioning solutions are in constant use in the location and exploitation of oil, gas and mineral reserves around the globe.
Additional information is available at www.cybit.co.uk