Technology firm Indigovision working on recovery

TECHNOLOGY firm Indigovision “still has a lot to fix” since its chief executive and founder left in an acrimonious boardroom bust-up in 2011.

Finance director Holly McComb said the company has made a number of changes since the departure of Oliver Vellacott – including allowing its digital CCTV systems to incorporate customers’ existing devices.

McComb confirmed that the group was in talks to land significant deals to provide IP-based video security, including for a casino in China’s gambling capital Macau, the 2014 Winter Olympics in the Russian city of Sochi and Edinburgh Airport.

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She said: “Indigovision hasn’t always been that great at selling itself, that is something we are trying to change.

“We are half way through a three-year plan. When we speak to our investors they tell us we are doing the right thing.”

Regarding the change of management, she downplayed the drama of the situation when Vellacott attempted to take the company private.

McComb said: “Most of it was communicating that this wasn’t damaging the business in any way and nothing was changing. It was business as usual.”

One of the major changes under the firm’s new management was to make the Indigovision system adaptable to 
allow users to connect cameras made by other manufacturers.

The Ernst & Young trained chartered accountant joined the Edinburgh Technopole-based company in 2006 as financial controller working with the then finance director, Marcus Kneen, who took over as chief executive.

She was promoted to his role in December 2011 despite having announced she was four months pregnant with her second child.

She took advice from lawyers about how she could maintain her fiduciary duty as a director of a listed company while on maternity leave.

“He told me that he had never been asked that before, which says something,” she said.