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Netik Replaces O'Leary with Wise

VENDOR UPDATE

LONDON--STP software vendor Netik has replaced its CEO only eight months after his appointment, bringing back founder and former CEO John Wise.

Netik's board parted company with Mike O'Leary, CEO since the spring (TTW, March 18), on Tuesday, Nov. 19-- the very day Wise reassumed power, says Wise, who held the top post for five years. Wise has also confirmed that a third funding round from Advent Venture Partners was dependent upon his return to Netik. Wise, who said his departure in March was due

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