New book by Larry Connors Click here Improve your trading - See how
Lawton Smith joins Mercato after 20 years at Wragge & Co and an illustrious career that has seen him lead major deals including the Phones 4U buy out, the sale of Dunlop Aircraft Tyres to ABN Amro Private Equity and the Rank Hovis McDougal group buy-out from Tomkins Plc. He has also acted for motorsport business, Prodrive, and numerous private entrepreneur clients.
Speaking about the move, he said: "My advisory role with Mercato has been moving towards a more commercial and strategic one for some time.
"This move is a logical step and a really superb opportunity for me to make my mark in the most exciting business I have worked with in my career.
"The business has reached a crucial stage of its development and I'm keen to play a big part in helping us meet our global aspirations in the years to come."
In only its second year of trading, Mercato has delivered strong year-on-year sales up 440% to close 2008 at GBP2.7M with strong profits.
The business has quickly established itself as offering innovative data management technology that brings sense, order and structure to otherwise chaotic, "real-time" product and market data streams to help unlock the value that lies within. Mercato's current suite of tools deliver more efficient ways of buying, selling, managing, analysing and interacting within a range of marketplaces.
One cost reduction tool within the Mercato suite is Mercato ITelligence. IT buyers receive structured market information which gives them automated price and available stock comparisons on over 100,000 current IT products in the UKtrade channel.
Mercato ITelligencegives buyers accurate and up to date IT market knowledge to facilitate price discovery, so they can negotiate the best deals from their preferred IT suppliers. It saves time benchmarking deals and "cost plus" arrangements which would otherwise be spent manually ringing alternative suppliers.
The solution is appealing to IT managers, FDs and CEOs in private and public sector organisations as it delivers instant return on investment in the IT procurement function. Major users include Legal & General, Camelot, John Lewis, Whitbread, Poundland, Transport for Londonand the Office for National Statistics. Mercato ITelligence is accredited by the Instituteof Chartered Accountantsas offering a "Best Practice, Best Value" procurement solution.
Speaking on the opportunity more broadly, Lawton Smith commented, "Mercato has cracked the Enterprise Content Management 'nut'. Our mission is to broaden the technology's applications and connect with any organisations looking for cost reduction and maximum business advantage from mining accurate and real-time marketplace data. Huge opportunities exist for public sector bodies especially."
CONTACT: Matt Royle / Tom Cummings / Brian Johnson, Powell Communications Tel: +44 (0)161 834 9836
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
