JSE-listed AST Group is selling its Business & Design Software (BDS) division to National Golf Network for R9.43 million.
Software and computer services industry mergers and acquisitions last year were worth just R3 billion, a far cry from 2000 when the sector concluded deals worth a total R90.3 billion.
US-headquartered business solutions group Progress Software has reported first-quarter net income of $4.2 million, up 72% from the same quarter a year previously. The local operation is also booming.
Last week saw the search for the second national telecoms operator (SNO) begin once again.
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.
Progress Software has announced first quarter revenue of $71.8 million, an increase from $64.5 million for the comparative period last year.
More than half of senior executives of IT companies in Europe, the Middle East and Africa expect a recovery in the IT market to take place only next year.
Aqua Online, which is awaiting regulatory approvals to delist from the JSE, incurred a headline loss of R10.3 million for the six months to end-December.
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
Softline COO Steven Cohen has been appointed MD of accounting and payroll software company Softline Pastel, replacing Terry Kier who resigned for what the company says are personal reasons.
NetActive is changing its name to CCN Holdings and is transferring its JSE listing this month to reflect its new nature as an outsourced customer contact centre services provider.
An empowerment consortium led by J&J Group has acquired 30% of JSE-listed IT company Faritec Holdings.
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
United Service Technologies (Uniserv), whose only interest is a 30.3% stake in Nasdaq-listed supply chain solutions group UTi Worldwide, has reported a 58% increase in net attributable income for the year to end-January.
The Spescom Group will show a marked improvement in financial results for the six months ended 31 March 2003, says Hilton Isaacman, Spescom chief financial director.
PIC Solutions has been selected by Fair, Isaac and Company to present a paper at the bi-annual Adaptive Control Systems (ACS) Users Exchange, which takes place in San Diego, California from 5 to 7 June.