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Progress shares plummet as CEO announces departure
News that Progress Software CEO Jay Bhatt, who was bought into the company less than a year ago to effect a turnaround, is to leave in December has had a cascade effect on its performance. The company...
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Another CloudStore purchase by Government Digital Service
Once again, it is the Cabinet Office’s Government Digital Service (GDS) making use of the CloudStore (see Skyscape wins first ‘major’ CloudStore IaaS deal). And once again it is to support the Gov.uk...
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Calling all Financial Services start-ups
We at TechMarketView are incredibly proud about the very positive feedback we have received on our Little British Battler initiative, especially from the dozen small, privately held UK software and IT...
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HgCapital sees value in Valueworks
London-headquartered private equity firm HgCapital has taken a majority stake in Wigan-based online procurement marketplace Valueworks. Terms were not disclosed, though media reports suggest that...
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Little British Battler Update:Sumerian
When we met Sumerian at the start of 2012 and profiled the company in Little British Battlers – Q1 2012, we were struck by what we would describe as its ‘applied analytics’ approach, whereby its...
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Quindell acquires Metaskil for telematics play
Buy-and-build insurance BPS player Quindell Portfolio is adding to its recent telematics acquisition of IT-Freedom (see Quindell buys again, in telematics), with the purchase of PaaS/SaaS telematics...
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WANdisco carries success into Q3
WANdisco’s H1 success story (see here) has rolled over into the second part of the year with subscription bookings up an impressive 86% year on year to just over $2m during Q3 (to September 30) and...
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SMB’s, start-ups - and Moorepay
Prime minister David Cameron called attention to UK start-ups at the Conservative party conference yesterday, saying the rate at which new businesses were created last year was the fastest it had been...
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Workday IPO heads a stream of promising cloud pure-plays
In our many posts and reports on the topic, we have demonstrated the disruptive force of the cloud and the threat cloud-based businesses pose to the SITS ‘establishment’. The rate at which the likes...
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Computacenter UK Services finds its groove again
It’s a nerve-racking time as Q3 results roll in following our fantastic summer of ‘Jubilympics’, which turned out to be not so fantastic for UK business. However, it has to be said, Computacenter’s UK...
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European tech M&A remains in ‘seasonal lull’
Summer may be over but the seasonal lull in European tech M&A activity continued through September, according to data released by corporate finance firm Regent Partners International. CEO James...
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Infosys lowers guidance – and changes CFO
It was another lacklustre quarter for the now somewhat tarnished ‘execution gold standard’ for Indian offshore services, Infosys, as the company yet again reduced its outlook for the year and saw the...
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Workday – another cloud IPO, another huge valuation
Workday’s IPO ended up being priced at $28 per share, coming home slightly above the recently raised range of $24 to $26. That means it has raised $637m, valuing the company at c$4.5bn. That is an...
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Employee share ownership
At last week’s Conservative Party Conference, George Osbourne announced a new share ownership deal whereby employees in start-up companies could give up certain employment rights in return for shares...
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Is Workday another Bubble?
The Friday HotViews post – Workday - Another Cloud IPO. Another huge valuation – could only hint at what actually happened on the first day of trading. The IPO price was set at $28 which valued...
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iGATE slows as contract cycles lengthen
“Lower than expected, lower than we hoped for” was the way that iGATE president and CEO Phaneesh Murthy described revenue growth for US-headquartered but India-centric iGATE. Q3 headline revenues (to...
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The Great Storm
25 years ago my garden was hit by The Great Storm. Of course, it didn’t just single out my garden but hit much of Southern England with a hurricane of the likes we had never seen before and,...
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Little British Battler Update - The Logic Group
In the latest instalment of our series of ‘Little British Battler’ (LBB) updates, we take a look at The Logic Group (TLG), the transaction processing software and services provider, targeting the...
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Announcing the inaugural TechMarketView Presentation & Dinner
We are very pleased to announce that the inaugural TechMarketView Presentation and Dinner will be held in June 2013. We’re delighted to be working with Intellect for the first of what we hope will...
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Aveva holds course
Today’s trading update from Aveva was fairly similar to its last, with little to get excited about (see here). Performance is in line with expectations for the six months to September 30 2012. The...
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