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Hyro director Aghtan resigns

Retirement follows after four years of serving on the board

Victor Aghtan has resigned from his position as director of digital services company, Hyro Limited’s (ASX: HYO).

However, he remains a major shareholder of the company.

Aghtan had been served on the board for the past four years after being appointed via the acquisition of Synergy Software Holdings Limited in May 2007.

In March last year, the company appointed Jeff Pope to the board and Paul Nicolaou followed suit soon after in August.

Hyro most recently signed a $4 million agreement with wagering and media company, Agility Interactive, to develop components for its online wagering products.

It faced a $1.5 million and 50 per cent revenue loss, that was reflected in its half-yearly results in September 2010.

The company settled the $8.5 million legacy debt for a cash payment of $1.2 million with the Australian Taxation Office.

Nominations for the 2012 ARN IT Industry Awards open on Tuesday, June 12.

More about: Australian Taxation Office, Hyro, Synergy, Synergy Software
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Tags: Agility Interactive, Australian Taxation Office, digital services, Hyro Limited, Jeff Pope, media, Paul Nicolauo, Victor Aghtan, wagering
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