London-listed Intec Telecom Systems, founded by SA expatriates, is expecting adjusted pre-tax profits of about lb5 million (R64.9 million) in its 2003 financial year.
Lexmark International has announced third quarter revenue of $1.15 billion, an increase from $1.04 billion in the comparative quarter last year.
EMC has signed a definitive agreement to acquire Documentum, a provider of enterprise content management solutions, in a stock transaction valued at approximately $1.7 billion.
EOH has completed its acquisition of Atos KPMG Consulting for R20 million in cash.
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.
Avaya has announced a fourth quarter net income of $66 million.
Trading in MGX`s share has been suspended at the request of the company`s board, because shareholders are misinterpreting working capital adequacy statements.
Last week saw DataMirror re-emerge as an Idion suitor, while Reunert invested in CS Holdings.
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
EMC expects total consolidated revenue for the third quarter to be approximately $1.51 billion.
Reunert, which has bought 31.7% of IT company CS Holdings, says it would be interested in increasing the stake.
EC-Hold`s general meeting has been adjourned again to allow the group`s auditors to complete a review of transactions.
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
EOH`s acquisition of Atos KPMG Consulting is going ahead and the companies have for the first time disclosed the price of the deal.
International market weakness combined with a strong rand has had a negative impact on Labat Africa in the six months to end-August.
Reunert Limited has acquired a 31.7% stake in CS Holdings.