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Hybrid Software Group annonce l’approbation du prospectus pour l’acquisition de HYBRID Software et l’admission d’actions à la négociation

Cambridge (Royaume-Uni) 28 décembre 2022 (08h00 CEST) – Hybrid Software Group PLC (Euronext: HYSG) a le plaisir d’annoncer que le prospectus relatif à l’acquisition de HYBRID Software en janvier 2021 a été approuvé pour diffusion publique et est disponible à l’adresse https://www.hybridsoftware.group/investors/hybrid-software-acquisition. Les 21.074.030 nouvelles actions qui ont été émises en contrepartie de l’achat d’HYBRID Software seront cotées sur Euronext Bruxelles le 28 décembre 2022.

Guido Van der Schueren, président d’Hybrid Software Group, commente: “Nous sommes heureux de conclure cette dernière étape de l’acquisition réussie d’HYBRID Software. Bien que la transaction ait été finalisée il y a près de deux ans, des changements comptables après le Brexit ont retardé la publication du Prospectus et la cotation des actions supplémentaires. Mais cela ne nous a pas empêchés d’intégrer HYBRID Software en tant que composant le plus important d’Hybrid Software Group, tant en termes d’effectifs que de chiffre d’affaires. L’acquisition a déjà été un succès et continue de fournir des synergies supplémentaires à l’entreprise.”

Disclaimer

Le Résumé peut être distribué séparément du présent Prospectus. Ce prospectus est disponible en anglais. Le Résumé est également disponible en français et en néerlandais. La version anglaise du présent Prospectus est une traduction de la version néerlandaise du présent Prospectus et a été préparée sous la responsabilité de la Société. La Société est responsable de la cohérence de la traduction anglaise du présent Prospectus avec les versions néerlandaise et française approuvées du Résumé avec la version anglaise approuvée du Résumé et doit s’assurer que les versions traduites sont une traduction fidèle des versions linguistiques approuvées par la FSMA. Sans préjudice de la responsabilité de la Société en matière de traduction du présent Prospectus, s’il existe une incohérence entre : (i) la version en langue anglaise du Résumé et la version en langue française ou néerlandaise du Résumé ; la version linguistique approuvée par la FSMA, soit la version en langue anglaise, prévaudra sur les autres versions linguistiques. En cas d’incohérence entre le présent Prospectus et le Résumé, le présent Prospectus prévaudra sur le Résumé.

À propos de Hybrid Software Group

Par ses filiales opérationnelles Hybrid Software Group PLC (Euronext: HYSG) est l’un des principaux développeurs de logiciels d’entreprise pour la fabrication d’impressions industrielles. Les clients comprennent des fabricants de presses tels que HP, Canon, Durst, Roland, Hymmen et des centaines d’imprimeurs d’emballages, d’ateliers commerciaux et de convertisseurs dans le monde entier.

Hybrid Software Group PLC a son siège social à Cambridge au Royaume-Uni. Ses filiales sont les experts en technologie couleur ColorLogic, les développeurs de logiciels d’impression Global Graphics Software, le développeur de logiciels d’entreprise HYBRID Software, les développeurs de logiciels de conception et de modélisation 3D iC3D, les spécialistes des solutions de pilotes de têtes d’impression industrielles, Meteor Inkjet et le développeur de flux de travail prépresse Xitron.

Contacts
Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Joachim Van Hemelen
Chief Financial Officer
Tel: +32 494 62 89 43
Email: joachimvh@hybridsoftware.group

Hybrid Software Group announces approval of prospectus for acquisition of HYBRID Software and admission of consideration shares for trading

Cambridge (UK) 28 December 2022 (08.00 CET) – Hybrid Software Group PLC (Euronext: HYSG) is pleased to announce that the Prospectus for the January 2021 acquisition of HYBRID Software has been approved for public release and is available at https://www.hybridsoftware.group/investors/hybrid-software-acquisition. The 21,074,030 new shares that were issued as consideration for the purchase of HYBRID Software will be listed for trading on Euronext Brussels on 28 December 2022.

Guido Van der Schueren, Chairman of Hybrid Software Group, comments, “We are happy to conclude this final step in the successful acquisition of HYBRID Software. Although the transaction was completed nearly two years ago, accounting changes after Brexit delayed the publication of the Prospectus and the listing of the additional shares for trading. But this didn’t stop us from integrating HYBRID Software as the largest component of Hybrid Software Group, both in headcount and revenue. The acquisition has already been a success and continues to deliver additional synergies to the company.”

Disclaimer

The Summary may be distributed separately from this Prospectus. This Prospectus is available in English. The Summary is also available in French and in Dutch. The English version of this Prospectus is a translation of the Dutch version of this Prospectus and has been prepared under the responsibility of the Company. The Company is responsible for the consistency of the English translation of this Prospectus with the approved Dutch and French versions of the Summary with the approved English version of the Summary and must ensure that the translated versions are a faithful translation of the language versions approved by the FSMA. Without prejudice to the Company’s responsibility for the translation of this Prospectus, if an inconsistency exists between: (i) the English language version of the Summary and the Dutch or French language version of the Summary; the language version approved by the FSMA, i.e. the English language version, shall prevail over the other language versions. If there is any inconsistency between this Prospectus and the Summary, this Prospectus shall prevail over the Summary.

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology experts ColorLogic, printing software developers Global Graphics Software, enterprise software developer HYBRID Software, 3D design and modelling software developers iC3D, the industrial printhead driver solutions specialists, Meteor Inkjet and pre-press workflow developer Xitron.

Contacts

Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Joachim Van Hemelen
Chief Financial Officer
Tel: +32 494 62 89 43
Email: joachimvh@hybridsoftware.group

Hybrid Software Group acquires Quadraxis Technology

Cambridge (UK), 1 December 2022: HYBRID Software has completed the acquisition of the technology and intellectual property of Quadraxis, a French company which developed pioneering technology in 3D scanning and image processing. After Quadraxis went into receivership, HYBRID Software was the successful bidder to acquire its intellectual property from the liquidators, including software source code and trade names.

The acquisition strengthens Hybrid Software Group’s offering in 3D and additive manufacturing solutions. The Group plans to integrate Quadraxis software into its extensive portfolio which includes other 3D applications such as iC3D and Met3D.

“During its 19 years of operation, Quadraxis developed some unique technology to simplify the capturing of 3D models to facilitate the distortion of graphic designs for shrink sleeves, embossed metal, and thermoformed plastic packaging,” explains Nick De Roeck, Co-President of HYBRID Software, a HYSG Company.

“Many companies in the packaging industry use Quadraxis technology in automated workflows to make their packaging production less manual and more efficient”, he continues. “We obviously regret the company going into receivership, and really wanted to salvage the technology. By making the successful bid, we are happy to be able to give the technology a new home at HYBRID Software.”

HYBRID Software will continue to assist current customers with continued support and maintenance for their Quadraxis software. Quadraxis customers or anyone who wants more information can contact HYBRID Software at info@hybridsoftware.com.

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About Hybrid Software Group

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology developer ColorLogic; printing software developers Global Graphics Software; enterprise software developer HYBRID Software; the developers of photorealistic 3D packaging designs iC3D; the industrial printhead driver solutions specialists, Meteor Inkjet; and pre-press workflow developer Xitron.

Contacts
Mike Rottenborn
CEO
Tel: +1 215 852 8095
Email: mike.rottenborn@hybridsoftware.group

Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Financial reporting calendar 2023

Cambridge (UK) 1 December 2022: Hybrid Software Group PLC (Euronext: HYSG) plans to publish the following financial information before market opening on the following dates:

Date	Publication
30 March 2023	Annual report and accounts for the year ending 31 December 2022
4 May 2023	Quarterly trading update for the quarter ending 31 March 2023
27 July 2023	Condensed consolidated financial statements for the six months ending 30 June 2023
26 October 2023	Quarterly trading update for the quarter and nine months ending 30 September 2023

Quarterly trading updates will include unaudited, condensed financial information primarily focussed on providing information about revenue and EBITDA across the Group’s operating segments.

Annual General Meeting

The Company expects to hold its annual general meeting on Wednesday 10 May 2023. The meeting’s timing, venue, and final agenda will be provided in accordance with applicable legal and regulatory provisions.

About Hybrid Software Group

Contacts
Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Joachim Van Hemelen
Chief Financial Officer
Tel: +32 494 62 89 43
Email: joachimvh@hybridsoftware.group

Hybrid Software Group to meet investors at Finance Avenue, Brussels

Cambridge (UK), 28 November 2022: Investors will be able to meet with Hybrid Software Group PLC (Euronext: HYSG) on 3 December at Finance Avenue, Tour & Taxis, Brussels, the 17^th edition of the fair for readers of De Tijd and L’Echo and Belgians with a keen interest in investing.

A physical event with some live on-line content, the HYSG team will be based on stand 116.

Executive chairman Guido Van der Schueren will be joined by Joachim Van Hemelen, who was appointed CFO and company director in September, and Floris De Ruyck, the Group’s IRO and legal counsel.

Guido Van der Schueren will be presenting an introduction to the Group in a 30-minute workshop which will take place in the afternoon.

The event is free of charge for investors. For more details including how to register please visit (NL) https://event.mediafin.be/finance-avenue-2022 or (FR) https://event.mediafin.be/finance-avenue-2022-fr

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About Hybrid Software Group

Contacts

Jill Taylor	Floris De Ruyck
Corporate Communications Director	IRO and legal counsel
Tel: +44 (0)1223 926489	Tel: +32 484 21 32 78
Email: jill.taylor@hybridsoftware.group	Email: florisdr@hybridsoftware.group

Hybrid Software Group highlights wide range of graphics and industrial inkjet solutions at IGAS

The Group lines up its complete range of technologies at Japan’s international graphic arts exhibition, from 3-D visualisation of packaging to high-speed, colour-managed variable data printing

Cambridge UK, 1st November 2022: Hybrid Software Group (Euronext: HYSG), developer of enterprise software for industrial inkjet manufacturing, is showcasing its complete range of solutions at IGAS, the international graphic arts exhibition at the Tokyo Big Sight in Japan (24 – 28 November).

Group companies – ColorLogic GmbH, Global Graphics Software, iC3D, HYBRID Software, Meteor Inkjet and Xitron – are exhibiting together on booth 6-21 to demonstrate their broad spectrum of packaging, digital and commercial print applications, including the co-developed SmartDFE™ digital front end for digital presses, designed to be part of a fully automated manufacturing system supporting Industry 4.0.

Mike Rottenborn, Hybrid Software Group CEO. comments, “Our brands are well respected in the Japanese market. We have had a local presence since 2004 when Global Graphics KK was established in Tokyo and over the years our highly motivated and professional team has established Harlequin as the RIP of choice for Japanese printer manufacturers. They are now joined by our other group companies to display the full breadth of our solutions for industrial inkjet applications at IGAS.”

Yoshiyuki Hagiwara, director of Global Graphics KK adds, “IGAS provides us with a platform to inform our OEM and end-user customers about the best technology for their print operation. Our booth will feature live demonstrations from all Group companies plus we are particularly pleased to show SmartDFE in action, the first technology co-developed by the Group.”

A major upgrade to the SmartDFE will be featured on the booth. SmartMedia™, is a new suite of components that simplifies the process of obtaining the best quality and color output from a digital press. Powered by the award-winning PrintFlat™ and enhanced with powerful color tools from ColorLogic GmbH, SmartMedia packages all the OEM’s reference press settings for each media and ink set into a library of media definitions and, via a wizard-like experience, enables press operators to easily select the appropriate media and ink set combination without needing specialist knowledge. Other new innovations on show from around the Group include:

HYBRID Software’s iC3D Suite now updated to Version 8.0 with new features and additional enhancements including an optimised shrink sleeve template with several new features. The award-winning iC3D Suite was the first all-in-one design software specifically developed for packaging designers and converters.
Meteor Inkjet’s PCC2-E print controller board, which offers higher performance than its predecessor and is backward-compatible with Meteor’s head driver cards.
Xitron’s new Navigator Flexo Suite: Label for end-users designed as a powerful workflow for flexo label printers who have outgrown basic RIPs and need more automation. It embeds powerful trapping and step & repeat software from sister company HYBRID Software within the Navigator Workflow product.

About Hybrid Software Group

Contacts

Jill Taylor, Hybrid Software Group
Jill.taylor@hybridsoftware.group
Tel: +44 (0)1223 926489

Christopher Graf, Hybrid Software Group
Christopherg@hybridsoftware.group
Tel: +49 761 70 776 710

Hybrid Software Group releases Q3 results

Cambridge (UK) 20 October 2022 (18.00 CEST) – Hybrid Software Group PLC (Euronext: HYSG) provides a trading update for the nine months ended 30 September 2022.

CEO Mike Rottenborn comments, “The third quarter of 2022 was marked by consistent performance in the Enterprise Software and Printing Software segments. Revenue of the Printhead Solutions segment recovered to levels in line with the third quarter of 2021 after having experienced a severe downturn in H1 due to the global shortage of electronic components. Group revenue for the quarter was up 12% year-over-year despite experiencing more challenging business conditions than a year ago.

“The third quarter results were favourably impacted by the sale of an unused asset (approximately 69,000 IPv4 internet addresses) for a net amount of €3.3 million which closed in July. Given the nature of the sale this income is reported as “Other Income” and is not included in our revenue figures, but it is accretive to EBITDA.

“Group EBITDA was significantly up in Q3 thanks to better operational performance across the board and the sale of the IPv4 internet addresses. EBITDA for the quarter was €4.58 million compared to €1.61 million for Q3 2021. Credit is due to the entire team for rising to the challenge of these difficult business conditions, and our smaller businesses which focus on colour management, 3-D visualisation, and legacy printing devices deserve special mention for outperforming their revenue and cost targets.

“Although business conditions remain challenging, with rising inflation and the war in Ukraine causing uncertainty for our customers, we have delivered profitable growth throughout the difficult climate of the pandemic, and we expect to continue this in the future”.

Financial highlights for the nine months ended 30 September 2022

The following information is unaudited.

For the quarter ended 30 September 2022

Revenue for the period was €11.29 million (2021: €10.09 million)
EBITDA for the period was €4.58 million, or 41% of revenue (2021: €1.61 million, 16% of revenue)

For the nine months ended 30 September 2022

Revenue for the period was €34.73 million (2021: €33.87 million)
EBITDA for the period was €9.20 million, or 26% of revenue (2021: €7.42 million, 22% of revenue)

Segment analysis

The following tables provide unaudited information about revenue from external customers and EBITDA for the Group’s operating segments for the current and previous financial years. EBITDA is calculated by adding back interest, tax, depreciation and amortisation to net profit.

For more information about the Group’s operating segments, refer to the annual report for the year ended 31 December 2021, which is available from: https://www.hybridsoftware.group/investors/financial-reports.

For the quarter ended 30 September 2022:

In millions of euros (unaudited)	Enterprise Software	Printhead Solutions	Printing Software	Group	Total

Revenue from external customers	5.14	2.49	3.66	–	11.29

Segment EBITDA	1.36	0.13	3.40*	(0.31)	4.58
as a % of revenue	27%	5%	93%		41%

*Includes “Other Income” of €3.3 million as outlined above.

For the quarter ended 30 September 2021:

In millions of euros (unaudited)	Enterprise Software	Printhead Solutions	Printing Software	Group	Total

Revenue from external customers	4.52	2.51	3.06	–	10.09

Segment EBITDA	1.46	0.14	0.28	(0.27)	1.61
as a % of revenue	32%	6%	9%		16%

For the nine months ended 30 September 2022:

In millions of euros (unaudited)	Enterprise Software	Printhead Solutions	Printing Software	Group	Total

Revenue from external customers	16.47	6.10	12.16	–	34.73

Segment EBITDA	4.33	0.35	6.14	(1.62)	9.20
as a % of revenue	26%	6%	51%		26%

For the nine months ended 30 September 2021:

In millions of euros (unaudited)	Enterprise Software	Printhead Solutions	Printing Software	Group	Total

Revenue from external customers	14.85	10.74	8.28	–	33.87

Segment EBITDA	5.17	2.52	0.53	(0.80)	7.42
as a % of revenue	35%	23%	6%	–	22%

About Hybrid Software Group

Contacts
Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Joachim Van Hemelen
Chief Financial Officer
Tel: +32 494 62 89 43
Email: joachimvh@hybridsoftware.group

Hybrid Software Group sales boosted by LabelExpo excitement

Cambridge (UK), 5 October, 2022: Hybrid Software Group PLC (Euronext: HYSG) enjoyed brisk business at Labelexpo Americas, the first major industry event where all of the companies in the Group exhibited together.

“There was a real buzz on the show floor and a newfound confidence that things are back on a firmer footing after the disruption caused by the pandemic”, says Mike Rottenborn, CEO of Hybrid Software Group. “Our booth was busy throughout with back-to-back demos. We rang the ‘closing bell’ often, booking more than $690,000 in business from label printers in Latin America and the U. S.. Interest from OEMs in our SmartDFE solution for industrial inkjet printing was very high and we expect orders from our OEM partners in the next 6-9 months as new digital presses begin shipping in volume.”

Group companies demonstrated new products that they had pre-announced before Labelexpo and these generated a record level of interest on the booth. Among the new announcements were:

HYBRID Software’s iC3D Suite was updated to Version 8.0 with new features and additional enhancements including an optimised shrink sleeve template with several new features. The award-winning iC3D Suite was the first all-in-one design software specifically developed for packaging designers and converters.
Global Graphics Software’s SmartDFE™ received a major upgrade with the inclusion of SmartMedia™ technology that creates a library of predefined media definitions describing all the settings needed to get perfect colour and quality. SmartDFE is the fastest digital front end for label and packaging printing.
Meteor Inkjet showed the PCC2-E print controller board, which offers higher performance than its predecessor but is fully backward-compatible with the entire range of Meteor’s printhead driver cards.
Xitron debuted the new Navigator Flexo Suite: Label for end-users designed as a powerful workflow for flexo label printers who have outgrown basic RIPs and need more automation. It embeds powerful trapping and step & repeat software from sister company HYBRID Software within the Navigator Workflow product.

Photo shows the Hybrid Software Group Labelexpo team ready for action at the start of the show. — Ready for action, the Hybrid Software Group team at Labelexpo Americas

About Hybrid Software Group

Contacts

Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Christopher Graf
Chief Marketing Officer
Tel: ++49 761 70 776 710
Email: christopher.graf@hybridsoftware.group

Global Graphics closes last link in DFE chain with SmartMedia™ color management at Labelexpo Americas

SmartMedia technology creates a library of predefined media definitions describing all the settings needed to get perfect color and quality
On booth 3015 Hall B Global Graphics Software will show the SmartDFE™ processing fully variable data at blistering speeds and communicating out to the wider print factory

Cambridge (UK), 1 September 2022: Global Graphics Software, developer of innovative components for digital printing and subsidiary of Hybrid Software Group, will be launching SmartMedia at Labelexpo Americas (Booth 3015, Hall B). SmartMedia, a major upgrade to the SmartDFE digital front end for label and packaging presses, removes complexity from the process of color profiling to ensure the best quality and color output from the press.

SmartDFE provides a full software and hardware stack, built around the award-winning Harlequin Direct™ RIP technology that has been designed to drive the fastest, widest and highest inkjet presses. SmartDFE is capable of processing fully variable data at blistering speeds and communicating out to the wider smart print factory, providing valuable information for QA and inspection, press maintenance, and stock control. It enables inkjet engineering teams to get to market quickly with a future-proofed, high-performance solution, whilst allowing them the space and capability to add their own value. SmartDFE provides a complete software stack for high-speed, single-pass inkjet presses and print bars, offering everything from a powerful pre-press workflow through to an ultra-high-speed RIP and halftone screening solution.

SmartMedia is a new suite of components that simplifies the process of obtaining the best quality and color output from a digital press. Powered by the award-winning PrintFlat™ and enhanced with powerful color tools from ColorLogic GmbH, recently acquired by Hybrid Software Group, SmartMedia packages all the OEM’s reference press settings for each media and ink set into a library of media definitions and, via a wizard-like experience, enables press operators to easily select the appropriate media and ink set combination without needing specialist knowledge.

Eric Worrall, Global Graphics’ VP of products and services explains: “The rise of extended color gamut, or 7-color printing, has created an opportunity for SmartMedia technology, as we help manufacturers set up their presses to produce high-quality results across all media types. Smart Media Manager enables the OEM to package their optimal settings for each media into a library. Our innovative technology enables any operator to bring the press back into a reference or golden state so that each media will give great quality and color in the field.”

SmartDFE is designed to be part of a fully automated manufacturing solution supporting Industry 4.0 telematics and MIS integration, plus connectivity with automated manufacturing lines via OPC UA, the open standard for information exchange for industrial communication. It has been co-developed using components from other Hybrid Software Group companies who are also exhibiting on booth 3015, including HYBRID Software’s STEPZ^®, the native PDF job creation solution for pre-press and VDP, and HYBRID Software’s CLOUDFLOW^® providing advanced workflow automation. SmartDFE also includes support for Meteor Inkjet’s industry-leading printhead electronics and software.

Ends

About Global Graphics Software
Global Graphics Software www.globalgraphics.com develops innovative core technology for digital print, including the Direct™ product range, SmartDFE™, the Harlequin RIP®, ScreenPro™, PrintFlat™ and Mako™. Customers include HP, Canon, Durst, Roland, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and today the majority of the R&D team is still based near there. Global Graphics Software is a subsidiary of Hybrid Software Group PLC. (Euronext: HYSG).

Contact

Jill Taylor, Corporate Communications Director, Hybrid Software Group
jill.taylor@hybridsoftware.group | Tel: +44 (0)1223 926489

Paula Halpin, PR & Marketing Manager, Global Graphics Software
paula.halpin@globalgraphics.com | Tel: +44 (0)1223 926017

Hybrid Software Group appoints new Chief Financial Officer

Cambridge (UK), 10 August 2022 (08.00 CEST): Hybrid Software Group PLC (Euronext: HYSG) has appointed Joachim Van Hemelen as its new CFO and company director following Graeme Huttley’s decision to take up a new role in private equity. Joachim is currently the CFO of HYBRID Software, a post he has held since 2016.

Peter Goodwin is being promoted from group financial controller to group finance director and company secretary, and Floris De Ruyck, currently the Group’s legal counsel, will be responsible for market relations and compliance. The team will take up their new roles from 1^st September 2022.

During Graeme Huttley’s long service with the Group he has worked closely with successive CEOs and the Group’s senior leadership team to deliver on the Group’s strategy. He held various finance roles before becoming CFO in 2014 during which time he has also been actively involved in developing the Group’s culture and aligning business processes following a very busy period of acquisitions.

Joachim Van Hemelen (36) played a key role before and after the merger of HYBRID Software with Global Graphics PLC, the predecessor to Hybrid Software Group PLC. Prior to joining HYBRID Software he was employed as a merger and acquisitions advisor in a Flanders-based mid-market M&A boutique. He started his professional career in 2010 as a financial auditor at BDO. Joachim earned his Master of Science in Business Administration at the Lessius Hogeschool Antwerp.

Peter Goodwin (36) has served as group financial controller since joining the Group a year ago. From 2017 to 2021 he was group financial accountant at AIM-listed Marshall Motor Holdings PLC, taking the lead on group financial reporting. Peter has been an ICAEW Chartered Accountant (Institute of Chartered Accountants in England and Wales) since 2011 and holds a B.Sc. (Hons) degree in Accounting and Financial Management from Loughborough University.

Floris De Ruyck (33) will add compliance to his existing responsibilities for investor relations and legal counsel. He holds a Master of Law from Ghent University and post graduate degree in corporate finance from Leuven University. Prior to joining the Group in 2021 he was a relationship manager at ING Bank.

Guido Van der Schueren, chairman of Hybrid Software Group comments, “Graeme Huttley has been with the company for more than 25 years and we are extremely grateful for the contribution he has made to the Group, including in many areas outside of the pure finance role. Joachim is a worthy successor with the right combination of technical ability, a strong focus on financial reporting and controls, and good knowledge of the industry that we serve. The board of directors welcomes him into his new role.”

Ends

About Hybrid Software Group

Contacts
Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Mike Rottenborn
Chief Executive Officer
Tel: +44 (0)1954 283100
Email: mike.rottenborn@hybridsoftware.group