Cobent Appoints David Priseman Non-Executive Director

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<strong>March 14</strong><br />Cobent, a provider of solutions for training and compliance-led process management across the entire range of international blue-chip companies, fast-growth start-ups and public sector organizations, has appointed David Priseman as a non-executive director.<br /> <br />Priseman who, for the past six years, has been running Hexagon Associates, a consultancy offering finance and related advisory services to small- and medium-size enterprises in all sectors, was previously a private banking specialist. <br /> <br />In that capacity, he worked for Deutsche Bank as a senior relationship manager and, before that, for Banque Paribas in various roles based in London, Geneva and Paris. During this time, he gained particular experience working on behalf of Middle Eastern clients in the fields of wealth management, corporate banking and investment banking.<br /> <br />Priseman holds an MBA from Cranfield School of Management and an M.A. in transport economics from the University of Leeds. His first degree, a B.A. in business studies, was gained at Sheffield University.<br /> <br />&ldquo;Cobent is a company with a great track record and a growing client base both in the USA and the U.K.,&rdquo; said Priseman. &ldquo;In addition, it has an impressive reputation for delivering high quality tools for delivering learning content in the most efficient and cost effective way, especially to staff in highly regulated sectors, such as life sciences and financial services.&rdquo;<br /> <br />Priseman will be making his industry contacts and considerable financial experience available to Cobent, advising its board on business strategy to enable the company to take advantage of its current market position. In 2007, Cobent saw its revenue increase by 50 percent over the 2006 total, while recurring revenues rose substantially and profit margins increased significantly on an annual turnover in excess of 1 million pounds. <br /> <br />Howard Sears, Cobent&rsquo;s CEO, commented: &ldquo;David Priseman&rsquo;s appointment will help to drive our business forward. David has a wealth of experience and widespread business knowledge which will help to cement the Cobent Learning Compliance Suite (LCS) as one of the best-known and most widely used solutions for managing and controlling enterprise wide learning, especially in a heavily regulated business environment.&rdquo; <br />

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