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News

• ASIC buys $4 million market surveillance package

  The Australian Securities and Investments Commission (ASIC) has picked a SMARTS Market Surveillance solution to monitor equities and derivatives markets in a $4 million deal.

• NexBis defends investment strategy

  Listed telecommunications services company Nexbis Limited (ASX:NBS) has posted a net loss after tax of $49.6 million for the financial year ended 30 June 2010.

• Powerlan raises $16m in capital

  Powerlan (ASX:PWR) has announced it has raised close to $16 million through its latest renounce able rights issue of 348,744,251 shares at $0.06 a piece.

• Entellect announces education sector push

  Entellect Solutions (ASX:ESN) is undertaking several large scale initiatives aimed at making a major play in the education software sector.ASX

• TechnologyOne shakes up UK business

  Australian enterprise software provider TechnologyOne has committed to continuing its push into the UK market despite a $1.5 million loss on the business venture in 2009.

• Synergy Plus appoints Alphawest founder as CEO

  Synergy Plus (ASX:SNR) has settled on Alphawest founder and former chief executive officer, Garry Henley, as its new chief executive officer.

• UXC hit by insulation rebate scheme

  Services giant UXC (ASX:UXC) has commenced a strategic review to examine ways to unlock greater shareholder value for the company.

• Hosting drives Macquarie Telecom

  Growth in its hosting business has helped Macquarie Telecom record a net profit after tax for continuing operations of $4.8 million for the six months ended 31 December 2009, up 67.5 per cent year on year.

• Acqusitions pay off for M2 Telecommunications

  Acquiring Commander and People Telecom have proved smart buys for M2 Telecommunications (ASX:MTU), which has reported a 115 per cent year on year increase in revenues to $188 million for the half year to 31 December 2009.

• Keycorp transformation pays off

  ASX-listed secure electronic transaction solution provider Keycorp Limited has recorded an after tax profit of $3.7 million for the six months to 31 December 2009.

• Melbourne IT revenues up 8 per cent in 2009

  Online services provider, Melbourne IT has recorded an eight per cent rise year-on-year in revenues for its full financial year to 31 December 2009.

• Amcom to buy IP systems

  Western Australia-headquartered Amcom Telecommunications will acquire internet protocol communications provider, IP Systems in a deal worth $6.5 million.

• Synergy Plus over the hump

  ASX-listed IT systems integrator Synergy Plus says it is over the hump.

• In Brief: Data#3 confirms revenue, profit rise

  Data#3 (ASX:DTL) has posted double digit revenue, after tax profit and EBITDA increases for the six months ending 31 December 2010.

• Freshtel forecasts $1.25m loss

  ASX-listed VoIP telephony provider, Freshtel Holdings (ASX: FRE), has announced substantial changes to its business structure and forecast continued losses for 2010.