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Archive for the ‘software’ Category

Illumix Software Expands to North-east

In it, software, technology, venture capital on November 11, 2008 at 12:26 pm

News that Illumix has received £1.5 million in venture capital funding in order to set up a technical centre in the North-east of England.

The company’s technology aims to help large corporations with complex IT infrastructures to more accurately align IT resources with business requirements.

Chief technology officer Andrew Parker said: In many cases, businesses are supporting expensive legacy IT platforms that could be greatly optimised in terms of performance and operating costs.’

Pentech Closes Software Fund

In funds, software, technology, telecoms, venture capital on September 10, 2008 at 6:11 pm

Glasgow-based venture capitalist Pentech has raised £45 million for its latest fund, which will invest in software companies in the UK and Ireland. The fund will back businesses with global potential in the enterprise software, telecoms software, internet and mobile sectors.

More info at Growth Business…

Google Posts Results

In software, stocks, technology on July 18, 2008 at 4:33 pm

Google’s latest quarterly results have been posted and the SmoothSpan blog has some interesting comments on its article: Google Anti-Gravity Ray is Fading

Wii Fit Keeps Nintendo Healthy

In software, video games on May 25, 2008 at 2:11 am

Released in the UK late last month, Wii Fit is now ranking fifth in the top ten game sales for the week.

And now, from the USA we have the first general sales data coming in confirming the $90 unit’s stateside popularity too. Just days after launch, Amazon.com has had to restock and has announced on the product page that it was waiting for more supply from Nintendo Co. Other important online retailers such as Best Buy, Circuit City Stores Inc. and Wal-Mart Stores Inc. have had to do the same.

Other non-official reports are claiming 650,000 units on its first day, with an estimate of 1.2 million by the end of the first week. While this isn’t as good as the record achieved by Rockstar’s GTA 4 over the same time frame, it would certainly be a terrific result.

There are approx 10 million Wii owners in the US compared to a combined 16 million PS3 and Xbox 360 owners.

In Nintendo’s home market of Japan the Wii Fit has sold 2 million units since its release last year.

Technology IPOs On Hold

In AIM, IPO, software, stocks, technology on April 8, 2008 at 2:35 pm

It’s been a slow start on the AIM and Plus Markets for IPOs in 2008, in single digits monthly and only a couple of tech start-ups amongst them.

And it appears that over the pond in Silicon Valley the same slowdown is taking place – just one in the first quarter – ArcSight (ARST), which makes security and compliance software. For the same period last year the score was nine startups.

Where IPO is stagnant M&A seems to be taking up some of the slack, but this is displacement activity. Everyone knows there is a whole heap of ideas waiting for take-off but until the money men sort themselves out it would seem we’re all just going to have to keep surfing youtube for kitteh videos.

EA for GTA – It’s Gone Hostile

In digital platforms, electronic games, online gaming, software, stocks, video games on March 14, 2008 at 2:46 pm

Big news this week in the electronic and video games sector is the Electronic Arts Inc. bid for Take-Two Interactive Software Inc., owner of the GTA (Grand Theft Auto) franchise – a bid that has now gone hostile.

EA took its $26-per-share offer directly to Take-Two shareholders and the tender offer expires on April 11, only two weeks or so before the latest “Grand Theft Auto” hits store shelves. GTA is one the game world’s killer series, it has sold over 65 million copies and is considered one of the most successful video games in history. It’s also New York based Take-Two’s main source of revenue and expected to bring in as much as $1.4 billion this fiscal year.

EA’s chief executive, John Riccitiello, said timing is crucial for the deal. “We are counting on being able to achieve revenue synergies by the holidays,” he said in an interview. EA wants to use its marketing prowess to sell more of Take-Two’s games in the winter shopping season, when video game companies make the most of their money.

Take-Two’s two largest shareholders, Oppenheimer Funds and FMR LLC, have substantially reduced their stakes in the company recently, a sign they may not expect the bid to go higher, and have taken their money and run. A few analysts have said the offer could increase, but there appears to be a limit at $27 (note that the $26-per-share bid was nearly 50 percent above Take-Two’s stock price before EA’s bid became public in February).

Take-Two has said the offer doesn’t value the company’s creative talents (including GTA’s creator Rockstar Games) and its management’s turnaround efforts after Chairman Strauss Zelnick and CEO Ben Feder took over in early 2007 following a shareholder coup prompted by financial and legal troubles.

But whether said talents make it worth more than $2 billion is moot. Not from City Chap’s perspective it ain’t.

EA’s offer for Take-Two follows Vivendi SA’s plan to buy Activision Inc., its biggest rival. That deal is expected to close in the first half of this year, creating a publishing powerhouse that incorporates the “World of Warcraft,” series, the world’s biggest multiplayer online game.

Craneware shows U.S. Growth

In AIM, software on February 27, 2008 at 6:04 pm

Growth Company Investor is reporting very good news from Scottish software company Craneware, whose products help US hospitals optimise billing.

After doubling interim profits to £820,000 pre-tax the company, whose £5.4 million AIM floatation last September was judged IPO of the Year at Growth Company Investor’s recent Quoted Company Awards, increased turnover 24 per cent to £4.35 million in the six months to December. Craneware also announced an increase in its US hospital client list by 96 to 878 on the strength of its flagship product, Chargemaster Toolkit.

HQ is in West Lothian and there are offices in Florida, Arizona and Kansas.

Synchronica hunting for more cash and more markets

In AIM, communications, e-mail, it hardware, software, wireless on February 20, 2008 at 4:34 pm

Bombed-out AIM company Synchronica (AIM: SYNC) has raised £2 million – only one month after saying it had ‘sufficient cash to meet its present needs’. Cough, cough. Its 2007 report showed losses halved at £3 million and it had previously reported raising £1.87 million at 6.25p in a prior issue.

The mobile communications specialist latest shares placement was at 7p through broker Seymour Pierce – cash which is earmarked to expand its sales and marketing operations in emerging markets that lack elaborate existing communications networks. Markets where attaching email capability to simple mobile phones could be big business. Operative word here is ‘could’.

Founder and chief executive officer Carsten Brinkschulte argues Synchronica’s Mobile Gateway 3.5 ‘push’ email and synchronisation software is ‘geared to the specific requirements of emerging markets and can deliver email to more than three billion phones worldwide’.

Brinkschulte contributed £20,000 to the latest placing. He has been trying to steer Synchronica back to health since it lost its way within ill-starred mobile services venture DAT Group.

August 2007 saw some positive news when Synchronica won a potentially lucrative contract with Sun Microsystems whilst more recently the company agreed an international marketing JV with Miami-based Brightstar, a leading distributor to mobile systems.

Originally floated at 130p back in 2004, the shares had topped out at 530p before collapsing all the way to 6.88p by June 2007. Mid-market today they were trading at 7.5p.  

Recommendation: Very Speculative