ORSYP Completes Management Buyout (MBO) With Private Equity Firm Argos Soditic to Accelerate its Quest to Go Global.(Company overview)
PR Newswire Europe, January, 2008
PARIS, January 14 /PRNewswire/ -- ORSYP, worldwide provider of enterprise job scheduling solutions and IT Services, today announced that it has completed a Management Buyout (MBO) with the European private equity firm Argos Soditic. This announcement comes as part of ORSYP's decision to fuel its geographic expansion plans and optimize time to market for its new products and services portfolio with the aid of external funding.
Under this new structure Mr. FranAs.ois-Xavier Floren becomes the new President and Chief Executive Officer of ORSYP Group, replacing Mr. Jean-Jacques Parinet, founder of ORSYP. Mr. Parinet takes on the position of President of ORSYP's Supervisory Board. The existing executive committee remains intact under the leadership of Mr. Floren...
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