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Jul 06 2009

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Koenig leaves Sword CTSpace

Howard Koenig has now officially left Sword CTSpace to return to the workforce management software sphere, joining Aruspex, specialists in strategic workforce planning, as CEO (CEN story; word of his departure did, however, creep out prematurely in February). He was head of North American operations for Sword.

In the early 2000s, Howard was CEO of Citadon, which merged with troubled UK-based construction collaboration technology vendor BuildOnline in December 2006 to form CTSpace (almost the final act in a story of start-ups and mergers that burned its way through somewhere over £162m or c. $325m – see Investing in a dot.com/SaaS business: a history). CTSpace was subsequently acquired by the French software conglomerate Sword Group in December 2007 for a knockdown price, rumoured to be around £6.5m (then c. $13m).

Permanent link to this article: http://extranetevolution.com/2009/07/koenig-leaves-sword-ctspace/

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