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SOCITM launches strategy for ICT-enabled local public services reform
While the actions of UK central government departments and agencies are heavily influenced by central policies and central strategies, such as the recent ICT moratorium, UK local authorities have...
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Cisco warns
Cisco issued a warning last night that its Q4 revenues would be lower than expectations and profits would be hit by a $1.1b ‘restructuring’ plan. Shares fell c3% in after-hours trading. Cisco is often...
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Kameleon reveals a new side to Mastek
Mastek, the UK-focused offshore software and services provider, is preparing to launch a new data privacy platform called Kameleon that will see it begin selling direct to market, rather than via a...
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BT Global Services turning around
It’s devilish tricky to pull apart the many different pieces that comprise BT Global Services to determine which really belong to ‘our’ space - i.e. software and IT services (SITS) ‘within the meaning...
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A bright night for Intellect
I had an entirely pleasant evening last night at industry association Intellect’s annual dinner, which marked the inauguration of incoming Intellect President, David Callaghan, Senior VP for Oracle’s...
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Farewell Patni, hello iGate Patni
The deed is done! US-headquartered but India-centric IT services firm, iGate, officially got the keys to the executive suite at Patni yesterday, with the completion of the $1.2b acquisition of its...
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Autonomy and the bin Laden bounce
I was intrigued reading about the huge quality of data seized as part of the US raid on the home of Osama bin Laden. In an excellent article in The Times today – Experts work in shifts to access and...
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Cisco and video conferencing
In my article yesterday- Cisco warns – I noted Cisco’s video conferencing sales were up 39%. Several eagle-eyed readers emailed to point out that this was almost entirely due to Cisco’s $3.4b purchase...
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George and Anthony do lunch
For those of you who don't get George O'Connor's (Panmure Gordon) excellent morning email, yesterday George and our Anthony Miller 'did lunch'. As a result George wrote this today: "We had lunch with...
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German base for Wipro/Temenos ASP alliance
I met up last evening with Sriram Srinivasan, SVP and Global head of Banking & Financial Services at Wipro, to have a chat about their recently announced partnership with Geneva-based banking...
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Minority stakes
Reviewing the news this week, I was struck by the number that involved minority stakes. Of course, the highest profile was Microsoft buying Skype for $8.5b. See Microsoft confirms Skype bid. The...
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TechMarketView round-up
Last week saw the publication of two interesting pieces of research from TechMarketView. Our Managing Partner, Anthony Miller, analysed a relatively quiet quarter for UK software and IT services (SITS)...
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Anite’s Q4 upswing
After a ‘maybe, maybe not’ Q3 (see Swings and roundabouts – and a little fence-sitting – at Anite), Wireless and Travel software businesses, Anite, looks to have closed the year (to 30th April) ahead...
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Another uplift for European tech M&A valuations
Latest data from our good friends at Regent show a third consecutive month of rising valuation multiples for European tech M&A. The number of deals in April 2011 was down on the prior month – 223...
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Xchanging’s reshaping gets underway
Since taking over the Xchanging helm in March following the departure of CEO and founder David Andrews (see Xchanging may need reshaping), acting CEO and CFO Ken Lever has got to work implementing a...
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Premji sanguine on ‘weak’ CEO double-act
A fascinating interview in the FT with Wipro chairman (and some 80% stock owner) Azim Premji casts a little light on his appointment of two CEOs to run the business three years ago, and their somewhat...
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Autonomy mines Iron Mountain
I’m not sure if this is meant to be the ‘big one’ that Autonomy Group CEO, Dr. Mike Lynch, has been teasing the market with for quite some time, but it’s certainly not loose change. Autonomy is to...
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RM finds first half tougher than expected
Educational product and services supplier RM has had a challenging first half, both in its home UK market and in the US. Revenue declined by 15% to £133m and RM reported a pre-tax loss of £1.8m (after...
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BT wins £400m shared service at Lancashire
BT has announced the award of a ten-year £400m IT and BPO shared service with Lancashire County Council worth around £400m, covering ICT for the county council and local schools, plus human resources,...
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Vodafone performs well
“We have performed well this year” read the first line of Vodafone’s Press Release for their full year results (to 31st Mar 11) announced today. Few would argue with that. Given the poor financial...
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