Allied Technologies (Altech) says it is still engaged in lengthy talks, which analysts believe relate to a significant acquisition.
Last week saw two international acquisitions as well as another disposal by Datatec.
A group of minority shareholders in EC-Hold has requisitioned an extraordinary general meeting to vote on, among other things, a forensic audit.
Enterasys Networks has announced second quarter net revenue of $108.4 million, a 3.8% increase from the comparative period 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.
Mercury Interactive has posted $118.1 million revenue for the second quarter, compared to $94 million for the comparative period last year.
Enterasys Networks is cutting jobs after second quarter losses. But the company is growing in SA.
Oracle is pressing ahead with its plans to acquire rival PeopleSoft, despite the fact that it will have to pay another $1.2 billion to include JD Edwards, recently acquired by PeopleSoft.
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 founders of former JSE-listed company Smacsoft have left acquirer AFA Systems to set up a new software business, Cape Town-based Kizen.
OSI`s delisting is set to go ahead next month.
Symantec has announced first quarter revenue of $391 million, compared to $316 million for the comparative period last year.
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
Internet security company Symantec achieved net income of $68 million for its first quarter to 4 July, compared with $57 million for the same period last year.
The Competition Commission has approved the small merger between Strate, Unexcor and the Central Depository, paving the way for a single electronic settlement house.
Some local banks are at the leading edge on aspects of Basel II implementation, but data remains a challenge and banks have been urged to design an IT blueprint now.