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News

• Ego Pharmaceuticals wins SAP CEO choice award

  Ego Pharmaceuticals has taken out SAP Australia’s ‘CEO’s choice award’ for its go live with SAP Business All-in-One and BusinessObjects Edge Business Intelligence software.

• Intrapower posts revenue drop

  Communications and technology company, Intrapower Limited (ASX: IPX), has posted a slight revenue drop from $29.4 million last year to $25.1 million for the financial year ended June 30, as a result of less interest revenue.

• Keycorp sheds light on recommendation to shareholders

  Payments technology company, Keycorp (ASX:KYC), has begun its campaign to woo over investors and convince them to accept Australian private equity firm Archer Capital's takeover offer.

• Salmat develops SME solution

  Salmat has shared insights into the company’s move to the SME market, saying marketing across a number of different IT platforms has been the key to the company’s success.

• QlikTech plans WA expansion

  Business Intelligence company QlikTech will move ahead with planned expansion into Western Australia from next year in a move to grow its local customer portfolio.

• How six memorable tech companies got their names

  Just imagine if instead of "Googling" something, you "BackRubbed" it.

• Keycorp asks shareholders to accept Archer offer

  Payments technology group Keycorp (ASX:KYC) is pushing for its shareholders to accept a cash offer from Australian private equity firm Archer Capital which has the potential to lift the struggling company.

• 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.

• Local Sybase offices wait for global green light

  A month after SAP finalised the $US5.8 billion acquisition of mobility and data warehousing company Sybase, local offices are waiting for the proverbial green light to begin integration.

• Hostech continues "aggressive" expansion into regional Australia

  Hostech (ASX:HTC) has finalised its seventh acquisition this year, and has no plans to slow down.
  

• M2 execs net salary boosts as profits double

  The executives of M2 Telecommunications (ASX:MTU) have seen a collective pay rise of almost double the amount of the previous financial year, coinciding with a doubling of revenues and profits over the same period.

• One.Tel saga takes another twist

  The One.Tel saga has taken another twist with News Ltd, James Packer, Lachlan Murdoch and Consolidated Media Holdings served with statement of claims documents by the special purpose liquidator of the failed junior telco.

• In brief: FedEx appoints CIO APAC

  FedEx managing director of technology services, Alison Dack, has been promoted to vice president of IT and chief information officer of the FedEx Express Asia Pacific region.
  

• Telecom claims success in halting declining results

  Telecom NZ (ASX:TEL) has claimed success in halting the decline in its revenues, posting a drop in EBITDA of 0.2 per cent for the full financial year to 30 June.

• Coalition to scrap R&D tax credits, boost venture capitalists

  The Coalition will scrap plans to revamp research and development tax concessions until the 2011/2012 financial year, but the Liberal party has indicated the system still requires a review.