EDS has acquired US-based IT consultancy, The Feld Group, for approximately $41 million in cash and $48 million in restricted stock.
South African technology shares punched higher this morning in the wake of the gains made by their international counterparts.
Booth`s Bites kicks off for the year with a five-week wrap-up of the major local and international news.
The Federal Communications Commission (FCC) has approved Intelsat`s request to extend the date by which it is required to complete an initial public equity offering.
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.
Strategic acquisition seems to be the initial game plan of several US technology companies for 2004.
Gartner research has shown that the EMEA server market grew 21% year on year in the third quarter of 2003.
An offer to buy storage solutions group Maxtec will, if accepted by shareholders, result in the end of its JSE listing.
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
The Competition Commission has given the go-ahead for the creation of SA`s largest black-empowered information and communications technology company.
The Competition Commission has approved the proposed merger between Comparex Africa and Business Connexion.
Casey Investment Holdings` board has resigned and all staff members have been retrenched.
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
US networking manufacturer 3Com is to retrench about 900 employees - over a quarter of its workforce - after posting a $139 million loss in its second quarter.
Eureka Industrial has reported a decrease in its headline earnings per share for the six months to 31 August.
Pinnacle Technology Holdings has discovered that its full-year net profit was in fact about half of what it previously reported.