Clearswift chief executive Richard Turner has resigned from the content security vendor eight months after its takeover by private equity house Lyceum Capital.
Turner (pictured), who has helped restore Clearswift to profitability during his four-year tenure, is stepping down to "pursue other interests", according to a statement from the vendor.
Chairman Martin Leuw, who will take on executive leadership of the business until a new chief executive is found, paid tribute to Turner's record at the firm.
"I would like to take this opportunity on behalf of the team to wish him every success with his new business ventures," he said.
"We now have a blue chip customer base, a subscription software business model and are well positioned, with real competitive differentiation, as a leading provider of information-centric security solutions in the government, defence, law enforcement, financial and utilities sectors."
In a recent interview with ChannelWeb, Turner said Clearswift is hoping to complete at least one acquisition this year with the support of new backer Lyceum.
Turner could not be reached for comment as this story was published.
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