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Zoo to raise £1.7m following FY slide
UK-headquartered, but US-focused, media production software firm Zoo Digital, closed off a tough year with plans to raise $2.8m in new working capital, and restructure its £3.45m in loan notes. Zoo...
View ArticleApple #1
Given the volatility of the markets right now, this post might be out of date the moment you read it. But, it looks as if Apple has overtaken Exxon Mobile to be the most valuable company in the world...
View ArticleAOL slumps
Although AOL has been around for decades, it really only attracted my interest when they bought TechCrunch and then the Huffington Post – culminating in my (Prince’s Trust) lunch date with Arianna...
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Micro Focus is starting to feel better
A trading update from Micro Focus for the first three months of the year (to 31 July 2011) was full of positive vibes even if hard figures were lacking. There was a sense of relief on the accompanying...
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Margins slide at CSC as iSOFT comes on board
A poor performance from CSC’s managed services business forced group margins lower in Q1. Operating margins are also set to be lower than previously expected for the year as a whole because of the...
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Infosys Connects
WC Fields famously proclaimed that you should never work with animals or children. Were he alive today he’d probably add ‘live video presentations from far away lands’ to the list. Not once, but twice,...
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Adecco posts another double-digit quarter but UK is flat
International staffing agency Adecco Group drove revenue up by 11% (13% cc) to Eur 5.2bn during Q2 (ending 30 June 2011) enabling it to post another double-digit quarter but results for UK and Ireland...
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TIG signs £40m BPS deal with RBS Insurance
Claims management business process services and software firm, The Innovation Group (TIG), has just signed the biggest contract in its history with RBS Insurance (RBSI), according to its CE Andy...
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UK buoyant in H111, but difficulties ahead
Now the first half numbers for 2011 are in from the major European SI’s (Atos, Capgemini, Logica and Steria) we have had chance to assess how the UK fared during the period against the major European...
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Whilst I was away - Part Two
On the first week of my holidays I had to contend with the ‘meltdown’ of the stock markets. See my post Whilst I was away Part One. Little did I contemplate that my second week away would see a...
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Microland and the power of partnering
We have been saying for yonks that the best way for mid-tier India-based IT services firms to play in the UK market is by partnering. And, by the way, vice-versa for those UK firms who missed the...
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InterQuest hit by alleged client fraud
Clearly not the most propitious restart to its M&A activity! AIM-listed IT recruitment company InterQuest Group has in effect issued a profit warning after a major client of recently acquired...
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Allocate expands UK healthcare and SaaS portfolio
Public spending cuts and NHS reforms have not dampened Allocate Software’s faith in the healthcare market and it continues to build its capabilities in this area with the acquisition of Zircadian...
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Tech Mahindra puts in strong Q1
Following sister company Mahindra Satyam’s improving performance this week (see Mahindra Satyam improving fortunes), telecoms focused offshore provider Tech Mahindra reported healthy growth in both...
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Peter Rowell Memorial Service
As readers will know Peter Rowell, Chairman of Regent, died in May this year. See – Peter Rowell. Peter was a close business colleague and, above all, a good friend, over several decades. There will be...
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PC - Happy 30th Birthday
So the IBM PC was launched 30 years ago. Of course, there had been ‘personal computers’ around before that – most notably from Apple. But it was the PC that legitimized it and brought it from the...
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Google buys Motorola for $12.5b
As you will no doubt read in reports in every other media, Google has ‘surprised’ the market by announcing its intention to buy Motorola Mobility activities for $12.5b ($9.5b nett of Motorola's cash)....
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EDP keeps the business ticking over
EDP is treading water but there are no signs it will be going anywhere anytime soon. In a trading statement covering the April to August 2011 period, the company (which provides IT hosting and software...
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Parity losses narrow as business stabilises
There’s no doubt that Philip Swinstead and Paul Davies, the ‘encore’ top team at ITSA (IT staff agency)-cum-project house-cum aspiring technology incubator (!), Parity, have done a grand job at hacking...
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Harvey Nash bucks UK trend
Reporting “robust” yoy growth in the UK & Ireland, Albert Ellis, CEO of UK-based international recruitment, outsourcing and offshoring firm, Harvey Nash, was rather cast against type compared to...
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