it services - News, Features, and Slideshows

News

• CSG predicts record profit in FY11

  Denis Mackenzie, managing director of IT services provider CSG Limited (ASX:CSG), believes the company is well placed to deliver a record performance in FY11

• Intrapower swings to $326k profit

  Cloud computing and IP services provider Intrapower (ASX:IPX) made a $326k profit in FY10, after a $3.9m loss in FY09

• GBST wins UK deal for Composer platform

  Financial software and services company GBST has won a deal to provide its Composer financial management platform to a UK SIPP provider

• Connxion raises $1.6m in placement

  Data and transaction services company Connxion Ventures (ASX:CXN) has raised $1.6m via a placement at 3.25 cents per share

• Ikea’s $600m Australian expansion to include IT investment

  Ikea’s plans to spend over $600 million in the next five to 10 years will include an increased investment in IT, particularly around its online artifical intelligence customer service robot, Anna.
  

• Freshtel, CPT Global company secretaries resign

  The company secretaries of VoIP provider Freshtel (ASX:FRE) and IT services company CPT Global (ASX:CGO) have resigned

• Hostech acquires Albury IT company

  Telecom services provider Hostech (ASX:HTC) has bought Albury IT company Netrics in “a small acquisition”

• Outsourcing: Brazil blossoms as IT services hub

  CapGemini's announcement last week that it would invest $298 million in Brazilian IT service provider CPM Braxis attracted a lot of attention in outsourcing circles. The move will give the Paris-based company a 55 percent stake in CPM Braxis, the option to buy the company outright within three to five years of the close of the deal, and the chance to leapfrog its global competitors already entrenched in the country.

• Objective teams with Exalead for enterprise search

  IT services provider Objective Corporation (ASX:OCL) has entered a partnership agreement with Exalead to develop full-text and enterprise search technology

• ASG appoints non-executive director

  Trevor O'Hoy will leave the board of DWS Advanced Business Solutions to take up a position at IT services company ASG Group (ASX:ASG)

• QMASTOR (ASX:QMH) FY10 profit shrinks 75%

  Profit at IT company QMASTOR (ASX:QMH) slumped 75% in FY10, due to reduced spending among its mining industry clients

• Razor Risk (ASX:RZR) lifts profit despite sales slump

  Risk management company Razor Risk (ASX:RZR) boosted its profit 8% to $1.6m thanks to cost cutting and sales growth

• SMS on the acquisition trail - again

  Australian IT services company, SMS Managament & Technology, is in due diligence with two potential acquisition targets as it looks to continue to add companies to its growing base.

• WA Treasury signs $16m, five-year deal with ASG

  The Western Australian Department of Treasury and Finance has signed a five-year deal with Perth-based IT services group ASG.

• itX (ASX:ITX) endorses takeover offer

  The board of IT products distributor itX Group (ASX:ITX) has unanimously endorsed a $1.55 per share takeover offer from Avnet Technology Solutions