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Market briefs: ComOps, Transol, IntraPower

Market briefs: ComOps, Transol, IntraPower

ComOps (ASX:COM) chooses CEO successor; Transol's (ASX:TNC) Valleyarm signs digital distribution deal; Intrapower's (ASX:IPX) cloud wins ATUG award

ComOps appoints CEO-elect

Business software and services company, ComOps (ASX:COM), has chosen a new general manager who will also be primed to become the company's new CEO.

The company announced the appointment of Daniel Sheahan as general manager of solutions marketing and CEO-elect. Current chief executive, Richard Bradley, has flagged his intention to retire in July 2012.

Sheahan was formerly head of strategy for APAC for Hewlett-Packard, and has 20 years' experience in the IT industry. The ASX suspended COM from trading on 1 April after the company did not lodge its 2010 full-year accounts on time.

Transol's Valleyarm signs new distribution deal

Transol (ASX:TNC) subsidiary, Valleyarm Digital, has entered into a music distribution agreement with Mirror Image Access Australia.

Valleyarm, which specialises in digital distribution of songs, said the deal will allow distribution of its catalogue to a number of telecom platforms in Australasia.

Terms of the deal were not disclosed but Valleyarm said it “expects to see significant boosts in its revenues” by expanding its operator list. TNC shares stayed flat on Wednesday at $0.003.

IntraPower wins ATUG award

Cloud services provider, IntraPower (ASX:IPX), has won an award from the Australian Telecommunication User Group (ATUG).

The company took away the award for the Best Communications Initiative for Small Business for its Trusted Cloud service.

The award was presented by communications minister Stephen Conroy. IPX shares grew 6.25 per cent on Wednesday to $0.170.

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Tags businesscareersintrapowerComOpsTransol

More about APACATUGComops AustraliaHewlett-Packard AustraliaMirror Image

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