Veritas Software achieved an 88% increase in net income for its second quarter to 30 June.
JSE-listed Faritec has finalised the expansion of its board following the sale of 30% of its shares to an empowerment consortium led by Jay & Jayendra.
Datatec subsidiary Logical has sold its French operations to a consortium that includes its current management team.
Lexmark International has announced second quarter revenue of $1.120 billion, a 6% increase compared to $1.058 billion for the comparative quarter 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.
Business Objects will acquire business intelligence software vendor Crystal Decisions.
Cape-based asset performance management company Pragma says it expects to grow annual revenues to R250 million a year by 2007.
Reunert has warned its shareholders that headline earnings for its current financial year will be significantly down on those of last 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
Last week`s local news included the convergence colloquium and shareholders` approval of the AST rights issue.
Oracle is now taking on a bigger entity in its hostile bid to acquire PeopleSoft. This follows PeopleSoft`s purchase of JD Edwards on Friday.
JSE technology shares saw their mild recovery stalled this morning after a slump in international sentiment towards ICT stocks.
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
Absa launched its new-look flagship branch, dubbed "the outlet of the future", at Sandton City last night.
AST shareholders have agreed to a rights offer aimed at repaying the troubled group`s debt.
Absa has certified its retail point of sale acceptance systems with both Visa and MasterCard to ensure acceptance of chip cards.