Gandalf Trust, which has acquired a controlling stake in Zaptronix, says it intends to keep the company`s JSE listing.
Last week saw MGX`s disposal of Software Futures and the release of the Next Generation report on the second national operator (SNO).
Dell has generated second quarter cash from operations of $740 million and total product shipments for the quarter were up 27% from a year ago.
Ascential Software has posted second quarter revenue of $39.9 million, up from $28 million for the same quarter last year. [Local Ascential rep: CenterField Software]
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.
Software AG has announced a second quarter operating income of 10.6 million euros, compared to 5.7 million euros for the comparative quarter last year.
The investment arm of trade union body Cosatu and finance house Brown Brother Holdings paid R20 million to buy MGX subsidiary Software Futures.
Control Instruments grew its bottom line in the six months to end-June thanks to a focus on niche and specialised market segments.
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
MGX Holdings has sold Software Futures to an investor consortium for R20 million, with effect from 7 August.
Ascential Software has signed an agreement to acquire Mercator Software for $106 million in cash. [Local Ascential rep: CenterField Software]
MGX Holdings has agreed to sell its 95% interest in Software Futures. MGX has not released any additional information about the disposal, saying it will soon make an announcement relating to the terms and conditions.
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
Comparex Holdings` continuing operations achieved a 37.4% increase in headline earnings per share for the year to 31 May.
Keops Altech and Isis are merging certain operations into Keops Altech in an integration that is scheduled to be completed by 1 September.
Intervid shareholders will know early next month how far the company`s restructuring has progressed and what effect lower than expected sales has had on the bottom line.