Struggling market data technology vendor CMS WebView says its software development director Lee Playford has left the firm.
CMS said in Spetember that it was implementing a new business model in a bid to generate sales of its proprietary TDI ticker plant software.
The vendor now intends to sell the intellectual property (IP) for TDI to clients. The new model will enable CMS to negotiate individual IP licences, and enables clients to retain control of data applications and to develop the software in-house.
In a statement CMS says one of Playford's principal roles has been the ongoing development of TDI. As a result of this switch in direction he will now "seek challenges elsewhere at this mutually convenient point".
Playford leaves the company's board with immediate effect.