Global Technology (Glotec) has announced the terms of a rights offer aimed at erasing its debt by raising up to R52.98 million before expenses.
Software AG has announced fourth quarter revenues of euro 117.9 million and license revenues of euro 35.5 million.
MGX has disposed of its 80.4% stake in document management company Didata UK as part of its plan to return to profitability.
Intelsat has received Federal Communications commission (FCC) approval for its acquisition of the satellite assets of Loral Space & Communications.
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.
Korea`s LG Electronics is aiming to become one of the world`s top three electronics companies.
Supply chain solutions group OneLogix is to apply to transfer its JSE listing to the alternative exchange, AltX.
Intec Telecom Systems says revenue surged in the first quarter of its current financial year, and it is cautiously optimistic about the meeting targets in the rest of the year.
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
PeopleSoft`s share lost $0.19 on Nasdaq yesterday, with investors betting that rival Oracle`s takeover bid won`t happen after lawyers at the justice department`s anti-trust division recommended against the move.
Altron`s Bytes Technology Group has pulled the plug on its black empowerment joint venture, Maseco Bytes IT Solutions, citing poor financial and management controls.
PeopleSoft`s board has unanimously agreed to recommend that stockholders reject Oracle`s revised offer.
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
Processing efficiency must be balanced against architectural flexibility if a financial institution is to win in an increasingly competitive industry, says Accenture SA director Simon Russell.
CS Holdings has reported 15.3% growth in revenue to R256 million from R222 million for the comparative six-month period ending 31 December 2002.
Computer Sciences Corporation (CSC) has announced the results for its fiscal 2004 third quarter.