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Today is Little British Battler Day!
Today’s the day that CEOs from twelve Little British Battler software and IT services companies come to London to meet the entire TechMarketView research team (see Calling all ‘Little British...
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Harvey Nash bounds further ahead
After raising expectations on its FY performance last November (see Harvey Nash bounds ahead), UK-based international recruitment, outsourcing and offshoring firm Harvey Nash raised the bar yet again,...
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LinkedIn flattery
Last week I was rather surprised to get an email (see illustration) that my profile was within the top 1% viewed on LinkedIn in 2012. I now understand that everyone in the top 1%, 5% and 10% received...
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Phoenix warns on lower EBITDA
Phoenix has updated the market on its Q3 performance, and has warned that EBITDA for the full year (to end March 2013) “will be around 10% below market expectations”. While both the contract value and...
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Proud of our Little British Battlers!
We are both proud and privileged to have hosted CEOs from twelve of the UK’s up and coming software and IT services companies yesterday at the second Little British Battler day. The companies covered...
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Redstone reconfigures ‘sum of the parts’
It should be the very essence of ‘buy-and-build’ to recognise that if two plus two only equals three (at least from a valuation perspective), then maybe one plus three is a better equation. It’s not a...
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Telecity reports robust FY12
Data centre provider, Telecity, has announced a strong set of results for FY12. Revenue increased 18% on the previous year to reach £283m. Operating profit climbed to £84.2m, taking the margin up from...
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Innovative ideas for the MoJ Digital Courtroom?
As part of the Government’s initiative to grow its supplier base by engaging directly with the market at an early stage, i.e. before the procurement process starts, we have learnt that the Ministry of...
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Capita acquires Northgate Managed Services at knock-down price
Capita is to acquire rival Northgate Managed Services (NMS) for a knock-down price of £65m, less than half its £141.6m revenue, as it makes yet another attempt to build out its own IT services...
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Government alters procurement policy to tackle tax “non-compliance”
Today the Cabinet Office has published a Procurement Policy Note (PPN) laying out changes to the procurement process intended to encourage suppliers to “become and remain” tax compliant. The PPN is...
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TIG and Steria renew BPS deals
Renewing BPS deals is a key for suppliers in 2013 as they struggle to grow, or even maintain, market share against stiff competition from new and existing players. So renewals from two players in the...
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IS Solutions dogdes impacts during 2012
IS Solutions, the provider of web analytics, portals, enterprise content management, expects to end the year (to December 31 2012) in line within expectations. This is despite cautionary comments at...
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ACS: raising funds to accelerate acquisitions
Run on a ‘buy and build’ model, Advanced Computer Software (ACS) is no stranger to acquisitions and with plans to raise £44m (gross) through a share placing, it will have further scope to pursue its...
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Calyx, m-hance, Omnico ‘on track’
Latest news from Jon Moulton’s Better Capital stable portends well for portfolio plays Calyx Managed Services and stablemate m-hance (see Calyx making ‘significant progress’). It appears that Calyx “is...
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Daisy chains up 2e2 data centres
In a somewhat unexpected development (at least it was to me but what do I know?), AIM-listed communications services firm Daisy Group has been contracted to manage failed 2e2’s data centres (see 2e2 –...
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Europe still weighing Cisco down
Q2 results released by Cisco on Wednesday reflect a European market that is still struggling under tough macroeconomic conditions. Revenues during the three months ending January 26th decreased 5% in...
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Ffastfill under offer
FFastfill, the supplier of software to the derivatives market, is on the road towards acquisition following a generous cash offer from Pattington, an existing shareholder and member of the ION Group....
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Firstsource starts brightly under new owner
Indian energy conglomerate RP-Sanjiv Goenka Group (RP) is now the majority shareholder of BPO pure play Firstsource (see Indian energy conglomerate seeking Firstsource buy) with c57% of the business...
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Mahindra Satyam buys in Brazil
It is not the first India-based IT firm to do so, but ‘born again’ Mahindra Satyam (MSat) has just acquired a majority stake in Brazilian SAP shop, Complex IT. Terms were not disclosed but Complex...
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Ordina goes back to black
Those UK players with a stake in the Benelux region will probably know this already, but “the economic outlook and developments … remain uncertain … in the Netherlands, and in Belgium / Luxembourg”,...
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