Tech Industry

Short Take: Cayenne Software appoints interim CEO

Cayenne Software announced the resignation of its president and CEO, Peter J. Boni, and the interim appointment of board member John J. Alexander to those positions. The company also announced that it expects to post a 15 percent increase in fourth-quarter revenue over the previous quarter, and that it will take a non recurring charge in excess of $1 million, which includes a write-off of certain software gained in an earlier acquisition and expenses associated with the management change.

Cayenne Software announced the resignation of its president and CEO, Peter J. Boni, and the interim appointment of board member John J. Alexander to those positions. The company also announced that it expects to post a 15 percent increase in fourth-quarter revenue over the previous quarter, and that it will take a non recurring charge in excess of $1 million, which includes a write-off of certain software gained in an earlier acquisition and expenses associated with the management change.