David Richards, the man at the centre of a dispute with his former London Stock Exchange-listed employer, is set to help bring an AI company into the Aquis market for small businesses, Sky News has reported.
The former boss of data software group WANdisco is set to return to the London stock market to take the helm of an artificial intelligence company focused on the consumer goods industry.
Sky News reported that Interior, which is chaired by David Richards, is preparing to list on the Junior Aquis exchange next month.
The company is working with business consultancy Oberon to raise around £5 million to fund its expansion.
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IntelliAM is expected to submit a 10-day notice to Aquis as soon as this week.
Mr Richards, who left WANdisco last year before the massive fraud was uncovered, has been asked by the company’s board to return a hundreds of thousands of pounds in bonuses.
He has refused a series of requests to do so.
WANdisco has since been renamed Cirata and is now led by Stephen Kelly, former head of Sage Group.
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IntelliAM says it works with half of the world’s top 10 food and beverage companies, including confectionery giant Mars, to use machine learning to drive productivity improvements.
The company was established in its current form last year.
IntelliAM declined to comment.
