ASX-listed, eServ is in preliminary discussions with a prospective buyer for its IT resale and services business, which was spun-off as a separate entity only last week.
Ian Buddery, eServ's founder who stepped down as company CEO and director to head up the breakaway 'solutions group', declined to name the interested party and was not counting his chickens, saying only that if all went well an announcement was still 10 weeks away.
The company announced its intention to segregate its reseller and global telecommunications businesses last week, citing a management shortage. Buddery told ARN that eServ's solutions group had lost ground over the last six months because of the increased focus on the telco side.
"We don't have the management bandwidth to be a leader in the telco sector and give the Cisco/Sun [server infrastructure] business the attention it needs," he says. eServ is currently searching for a CEO from within the ranks of the telecommunications software industry to be posted in Europe.
According to Buddery, several candidates have been put forward, and a decision is expected within three months.
In the meantime the telco arm will be driven by existing chairman, Roger Allen - a major eServ shareholder and representative of Allen & Buckeridge. Richard Freemantle will remain on the eServ board as director while Richard Osborne, another eServ investor, will assume the role of deputy chairman to distribute the weight of the role.