Compuware has signed an agreement to acquire Changepoint, a Toronto-based business process automation software provider, for $100 million in cash.
Software AG has announced a first quarter profit before tax of 15.8 million euros, compared to a loss of 23.1 million euros last year.
CS Holdings shareholders may get much less than 35c a share if Reunert does not make an offer, says Reunert CEO Boel Pretorius, who has also clarified plans for CSH`s empowerment shareholder.
Apple Computer has announced second quarter earnings of $46 million, up from $14 million for the comparative quarter last year.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The CS Holdings share appears to have settled at the price at which Reunert is to offer to buy out minorities, at least until more details of the offer are released.
Investment fund Trematon was back in the black in the six months to end-February thanks mainly to its investment in London-listed Intec Telecom Systems.
UCS Group is expecting to report a much better set of financial results for the six months to 31 March.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
David Butler, executive chairman at Global Trader 247, believes there has seen a shift in expectations for global interest rates during the past month.
CS Holdings (CSH) and Reunert are in talks that could result in CSH shareholders being bought out and the share delisted. However, an analyst says the offer price is too low and Reunert may have to raise its bid.
Naspers has appointed the Hong Kong branch of Goldman Sachs to advise them on the listing of its Chinese instant messaging joint venture, Tencent.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
The sell-off of PanAmSat to KKR in a $4.3bn deal, the proposed acquisition of Staffware by Tibco Software and the resignation of Sanjay Kumar CEO of Computer Associates dominated the international world of IT and telecommunications last week.
Lexmark International has announced first quarter revenue of $1.256 billion.
Ethos Technology has acquired an interest in Clickatell from pointBreak, Clickatell`s start-up capital provider.