Paracon Resourcing, a division of JSE-listed Paracon, has acquired Cape Town-based Skillsnet Recruitment, which specialises in the recruitment of permanent personnel for IT and supply chain companies.
Internet security technology company Symantec`s net income for its fiscal fourth quarter rocketed from $5 million to $68 million, while revenue for the period increased 26% to $390 million.
Enterasys Networks has acquired the advanced routing intellectual property of US-based Tenor Networks.
JSE-listed IT company Faritec has launched an application service provider (ASP) for the medical scheme administration sector.
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.
A chance meeting of old friends has led to a Nasdaq-traded company acquiring SA`s Mine WorX, a mobile technology company.
Storage solutions company Maxtec has reported a net loss of R1.75 million for the six months to 28 February, compared with a year-earlier loss of R2.39 million.
The market has not taken kindly to Softline's offer to pay minority shareholders 130c by way of a liquidation dividend.
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 saw the news that Softline intends to de-list from the JSE following a consortium buy-out involving senior management and Investec Bank.
Lexmark International has announced first quarter revenue of $1.108 billion, a 6% increase from the comparative period last year.
EMC has bought Astrum Software, a US-based supplier of storage resource management software, for an undisclosed amount.
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
Negative market sentiment has led Softline management to undertake a buyout and delist the accounting software group from the JSE. There are plans to pay investors 130c a share.
Black-empowered technology group Datacentrix has reported its fifth set of strong full-year results since its 1998 listing, increasing headline earnings per share by 30.5% to 21.8c.
Datacentrix has reported year-end revenue of R770.7 million, a 48% increase compared to the previous year`s results.