Posts Tagged ‘IT’

ASX Company News: Webfirm Secures Wotif Advertising Contract

Thursday, February 2nd, 2012

Webfirm Group Limited (WFM) announced Adslot has entered into a commercial agreement with Wotif Holdings Limited (WTF) to implement Adslot’s end-to-end self-serve display sales platform. The Wotif Group operates Australia and New Zealand’s leading accommodation site, represents more than 19,000 properties in 66 countries world-wide and transacts more than $1 billion AUD of accommodation bookings each year. The Adslot self-serve platform will enable advertisers to buy, build and serve display advertising campaigns on wotif.com. The platform provides wotif.com with an automated and highly scalable sales channel to capitalise on display ad revenue opportunities from advertisers in a secure private marketplace.

Andrew Barlow, CEO of Webfirm Group, said: “Wotif is a recognised world-leader and innovator in one of the fastest growing online sectors. We are excited to be working with yet another classifieds market leader and look forward to playing a key role in building wotif.com’s display advertising revenue.” Robbie Cooke, Managing Director of the Wotif Group stated, “The Adslot platform has a proven track record in the Australian market place and presents an ideal opportunity for us to tap into the display advertising market. We are looking forward to a strong partnership with Adslot.”

With the addition of Wotif.com, Adslot now provides display advertising automation solutions to market leading online classifieds publishers in property, automotive and accommodation across three countries.

www.webfirmgroup.com

http://www.traderdealer.com.au/fundamentals/wfm

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ASX Company News: Tag Pacific Sells Unique World Group

Sunday, December 4th, 2011

Tag Pacific Limited (TAG) is pleased to report that it has reached agreement and completed the sale of its 38% shareholding in the Unique World Group.

The Unique World Group has two distinct components – the Unique World consultancy business and the RecordPoint Software business. Unique World’s consulting business has been acquired by Jacobs Australia Pty Ltd, a subsidiary of Jacobs Engineering Group Inc. (NYSE: JEC). Jacobs is one of the world’s largest and most diverse providers of professional technical services, with annual revenues of nearly $10 billion. The RecordPoint Software business has been acquired by RecordPoint management in a simultaneous transaction, resulting in Tag Pacific having no residual interest in either business.

Tag’s involvement with the Unique World Group dates back over a decade and its stake has historically been equity accounted. The investment was acquired in stages between 2000 and 2004 for a total cash outlay of approximately $1.1 million. In the year to 30 June 2011, Tag’s equity accounted share of the Unique World Group profit after tax was $0.6 million.

With net proceeds of approximately $5.4 million, this will represent a pre-tax profit in the 2012 financial year of approximately $3.0 million based on the carrying value of approximately $2.4 million at 30 June 2011. This equates to a gain of 4.2 cents per Tag share. A substantial part of this profit is capital in nature and is offset by existing capital losses which have not previously been brought to account.

Cash proceeds from all sources totalling $4.6 million were received at completion today and a further $0.8 million is being held in an escrow account and will be released in two equal instalments on the first and second anniversaries of the transaction, subject to any warranty or other claims under the transaction documentation.

“The sale of our Unique World Group investment has delivered us a healthy profit and tops up our cash reserves at the same time,” said Tag Chairman Peter Wise. “It follows on from the exit of our iSoft stake in July 2011 and marks the end of a decade long direct investment in the information technology area.”

www.tagpac.com

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ASX Company News: Intermoco Secures Retirement Village Contract

Friday, November 25th, 2011

Utilities management provider, Intermoco Limited (INT), is pleased to announce that the Company has entered into a contract for nine new Intermoco Connect Sites situated in various locations around Australia. The sites have been developed by one of the largest retirement village developers in Eastern Australia. The majority of these sites are domiciled on the North Coast of NSW. This is a total of over 1,300 new units on Intermoco Connect. Each new site will be a five year contract for embedded electricity network services at its fully tenanted developments. The revenue from the combined 9 sites is estimated at over $2 million per annum, with one-off equipment sales of approximately $800,000. This prominent developer has now included the Intermoco Connect model into its existing and future developments. This will provide significant strength to its marketing strategies pre and post development activities.

Intermoco CEO Mr Ian Kiddle said: “Obviously we are extremely pleased to be able to announce a further nine sites for what is not only one of Intermoco’s major clients but also one of the Retirement Industry’s major participants. With these nine additional sites the number of Intermoco Connect sites has now increased to twenty three, more than a threefold increase since June 2011. We believe this further reinforces the market’s acceptance of our model and gives us excellent momentum moving into the second half of FY12.”

Intermoco (INT) is a leading provider of water, energy, voice and data management solutions with a  focus on the provision of embedded  networks. Intermoco  provides a world-­‐class end-­‐to-‐end     internet-­‐enabled energy metering and resource management   solution to utilities, corporations, local councils and government departments to help them monitor, manage and minimise their consumption of electricity, gas and water.

www.intermoco.com

http://www.traderdealer.com.au/fundamentals/int

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ASX Company News: Datasquirt Sells Entire Business For US$12.5 million

Monday, November 21st, 2011

Datasquirt Limited (DSQ) is pleased to announce the conditional sale of its complete business to LiveOps, Inc., a leading US call centre provider, for US$12.5 Million, a 37% premium over Datasquirt’s current market capitalization. Datasquirt has entered into an asset purchase agreement to sell substantially all of the assets of its business to LiveOps. The total consideration is US$12.5 Million in cash, subject to adjustments for working capital. There is no escrow applied to the consideration and any warranty claims by LiveOps must be made with one year and are limited to US$2.5 Million, except for certain title and IP claims. The Directors anticipate that upon completion of the sale there will be a distribution to shareholders of at least NZ$12.8 Million (NZ$0.41 per share) as a capital return. Following completion of the sale, Datasquirt will be a cash box holding approximately $NZ3 Million (excluding any working capital adjustment) which the Directors will seek to invest in an alternative business, or if no suitable investment opportunities present, return the balance of the cash to shareholders within approximately six months of completion of the sale.

LiveOps is a US-based leader in providing innovative solutions aimed at solving technology and workforce needs for today’s businesses. The company plans to maintain the current Datasquirt product and service delivery, should the acquisition proceed. Datasquirt (DSQ) supplies CONTACTTM, an award-winning, enterprise grade, multi-channel (email, SMS, fax, web chat and social media) communication solution. Businesses use CONTACTTM to acquire, retain and service customers to achieve revenue growth in a cost-effective and efficient manner. Datasquirt is headquartered in Auckland, New Zealand, with offices in London, Sydney and Düsseldorf. DatasquirtTM and CONTACTTM are trademarks of Datasquirt Limited.

www.datasquirt.com

http://www.traderdealer.com.au/fundamentals/dsq

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ASX Company News: Bravura Solutions Secures Wealth Management Software Contract

Thursday, October 13th, 2011

Bravura Solutions Limited (BVA) – a leading global supplier of transfer agency and wealth management software applications and professional services –announced a seven year contract with existing client, Politis Investment Strategies, for the use of Garradin, Bravura’s private wealth and portfolio administration system. Following a thorough review of solutions available on the market, Politis, a boutique private client investment firm, has elected to extend its existing five year partnership with Bravura.

Gregory Politis, Politis’ Director commented: “After evaluating the solutions available to us, we believe that Bravura continues to offer the most comprehensive and effective solution for our needs. Garradin has consistently met our expectations and we believe it is the best product for administering our self-managed super fund, managed discretionary accounts and high-net- worth client business. “We sought to secure a long-term partnership with Bravura, to ensure sustained operational stability for our organisation, and to allow for the continued provision of high-quality efficient service to our clients.”

Garradin is a comprehensive, multi-currency investment management system with integrated asset management, registry and tax management functions. It is a single, fully modular system that can be deployed across multiple sectors.

www.bravurasolutions.com

http://www.traderdealer.com.au/fundamentals/bva

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ASX Company News: Iress Extends Canadian Hosting Agreement

Monday, October 3rd, 2011

IRESS (IRE)  is pleased to announce the upcoming release of ION (IRESS Optical Network). In addition, IRESS has extended its co-location agreement with the TMX Group through to 2015.

The IRESS Optical Network (ION) Designed to meet the increasing demands of Canadian and international trading, ION provides IRESS clients with an industry-leading, ultra low-latency, high-capacity, multi-market  trading ecosystem that delivers IRESS’ OMS IOS+, IRESS FIX+, consolidated market data and the IRESS Best Market Router (BMR).

ION utilizes industry leading 10 Gigabyte connectivity between all key data centres housing Canadian exchanges and dark pools, providing IRESS clients with the highest bandwidth access to Canadian market and trade data.

Fully managed, ION continues IRESS’ on-going investment in developing high availability trading infrastructure that meets the highest standards for throughput, resiliency, and reliability.  Continuously innovating, IRESS was the first Canadian vendor to operate dual hot sites with fully redundant systems, and the first vendor to co-locate with TMX Group in January of 2007.

“As the first trading system vendor in our co-location facility, IRESS clients were the first to benefit from the reduction in latencies and increased stability associated with co-location,” said Eric Sinclair, President of TMX Datalinx and Group Head of Information Services. “We’re pleased that IRESS continues to offer the advantages of TMX Group co-location to their clients through this extended agreement.”

www.iress.com

http://www.traderdealer.com.au/fundamentals/ire

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ASX Company News: UXC Wins Victorian Water IT Contract

Thursday, September 29th, 2011

UXC Limited (UXC) is pleased to announce that it has been awarded a major contract with Victorian water business City West Water for the first phase of work in connection with the implementation and ongoing applications support for a large Oracle based solution. The project, if fully implemented, would be one of the largest contracts won by UXC. The project is designed to support the City West Water vision of being a truly sustainable water business and is a company-wide transformation program that will see the transition of City West Water’s business processes and systems to a new, common Oracle based systems platform. City West Water will be supported by the UXC Oracle business, Red Rock Consulting – Australia’s largest independent Oracle consulting and support organisation. The project, which is intended to span a number of years, will commence with a detailed enterprise design and implementation planning process. The solution proposed for City West Water is based on an Oracle technology stack which includes applications, database, integration middleware, hardware and operating system. The core Oracle applications will be scalable and part of the applications and technology roadmap for the long term.

UXC Managing Director, Cris Nicolli, commented “This is another very exciting win for UXC. It is especially pleasing to see Australian business having the confidence to work with and entrust large and complex projects to Australian IT companies such as UXC. This validates our view that more and more Australian clients are seeking the delivery of business critical transformations by local companies with strong local resources who demonstrate a solid understanding of both their industry and the Australian marketplace. Very few organisations in Asia Pacific have the breadth of Oracle skills like the UXC Red Rock Consulting business to deliver projects of this scope and complexity in the Australian marketplace.”

UXC Limited is an ASX listed Australian business solutions company, and one of the largest Australian owned ICT consultancy firms. UXC services medium to large entities in the private and public sectors across Australia and New Zealand. UXC provides ICT Solutions in Consulting, Business Applications and Infrastructure that support our customers to design, implement & enhance, and operate & manage their ICT requirements. UXC strives to be the leading Australasian IT Services and Solutions Company, delivering value, innovation and responsive business outcomes with excellent people. Red Rock Consulting (Red Rock) is a wholly owned subsidiary of UXC Limited and is the largest independent provider of Oracle consulting and managed services in Australia and New Zealand. Established in 1998, Red Rock provides a complete service continuum around the Oracle stack, including Applications (E-Business Suite, JD Edwards, PeopleSoft & Demantra), Fusion Middleware, ECM, BI and Database from sales, strategy and design, to implementation, project management, licensing, upgrades and managed services.

www.uxc.com.au

http://www.traderdealer.com.au/fundamentals/uxc

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ASX Company News: GoConnect To Acquire Interest in Chinese Shanghai Reliance

Friday, September 23rd, 2011

Directors of GoConnect Ltd (GCN) and Priority One Network Group Ltd are pleased to advise that they have entered into an agreement with SHANGHAI RELIANCE INFORMATION TECHNOLOGY CO LTD, a company incorporated in Shanghai, the People’s republic of China, for GCN and Priority One to each acquire a 40% interest of Shanghai Reliance. Shanghai Reliance is a Chinese company based in Shanghai that specializes in gaming, information technology marketing, social networking and customer relationship management. Shanghai Reliance has already close relationships with the management of a number of major e-commerce online portals in China which have a collective membership base of over 50 million registered users. GCN will be responsible for providing its IPTV technologies under a free licence to Shanghai Reliance, such technologies will be applied towards assisting in the co-promotion and marketing of the Priority One reward program and payment system in the People’s Republic of China. Priority One will be responsible for licensing the Priority One payment system to Shanghai Reliance and providing the relevant system support to Shanghai Reliance.

GCN, Priority One and the existing shareholders of Shanghai Reliance, all believe that this agreement provides a win-win to all parties and will allow Shanghai Reliance to replicate the success of Priority One in the Western world in securing substantial merchant interest, both online and offline, in adopting the Priority One payment system and reward program. The acquisition of equity interests in Shanghai Reliance will enable both GCN and Priority One to fast track the establishment of a beach head for launching their businesses into the China market. Through Shanghai Reliance, the GCN-Priority One partnership will implement its China strategy to introduce and promote the Priority One reward program and payment system to online and offline merchants in The People’s Republic of China. With the expanded businesses of Shanghai Reliance,

www.goconnect.com.au

http://www.traderdealer.com.au/fundamentals/gcn

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ASX Company News: NetComm Enters Smartcard Joint Venture With Cubic Transportation

Thursday, September 22nd, 2011

NetComm Limited (NTC) announced a supply partnership with Cubic Transportation Systems, the transportation segment of Cubic Corporation, to deliver the industrial 3G cellular Wi-Fi routers required for the NSW State Government’s $1.2 billion electronic ticketing project due to commence next year. The introduction of an integrated electronic ticketing system designed to operate across the state’s public ferries, trains and buses will see cash replaced with smartcards that commuters can link to online accounts, or credit and debit cards. NetComm will collaborate with Cubic, the US company awarded the contract for the installation and operation of the new system, to fulfil the automated fare collection system’s wireless communication requirements through the supply of specially designed 3G access gateways.

“NetComm is pleased to work with Cubic on this multifaceted project. With the smartcard currently on schedule for testing by the end of next year, we are prepared for the timely deployment of 3G Wi-Fi routers designed to deliver undisrupted connectivity to the integrated ticketing system,” said David Stewart, NetComm Managing Director. Cubic’s Managing Director for Australasia, Matt Cole, said “NetComm’s industrial grade broadband technology meets the stringent criteria needed to help us revive the state’s troubled transport system with a world-class

ticketing system.” Developed to meet the exacting specifications of the project, NetComm’s NTC-8000 will be used to establish 3G connectivity for the ticketing system which will be rolled out over the next four years. The robust NTC-8000 establishes wide-area networks within 3G coverage areas and comes equipped with point-to-point or point-to-multi-point wireless communication capabilities. Developed for use in remote locations or harsh environments, the NTC-8000 supports multi-level system monitoring to ensure uninterrupted communications in any conditions.

NetComm Limited (NTC) is a leading developer of innovative broadband products for telecommunications carriers and ISPs worldwide. Specialising in fixed and mobile broadband technologies, NetComm customises products to successfully deliver the performance capabilities of world-leading carrier networks to home, business and industrial applications. Customer premises Equipment (CPE) and Edge technologies are specifically designed to extend a reliable connection to fringe service areas globally. For 29 years NetComm has engineered a solid portfolio of world-first data communication products and is today a world renowned developer of HSPA+, LTE, machine-to-machine (M2M) and fibre access devices. Headquartered in Sydney, Australia, NetComm has offices in New Zealand, Canada and Middle East.

Cubic Corporation (CUB) is the parent company of Cubic Transportation Systems, the leading provider of integrated revenue management systems and services for the mass transit industry. The company provides fare payment infrastructure including gates, ticket machines and smartcard readers, and the back end or central system for processing and reporting revenue and other data. Cubic is the world’s leading company in the smartcard ticketing field, having installed systems in more than 40 cities around the globe, including London, New York, San Francisco and Brisbane.

www.netcomm.com.au

http://www.traderdealer.com.au/fundamentals/ntc

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ASX Company News: Go Connect Enters Joint Venture With Priority One Network

Tuesday, August 30th, 2011

GoConnect Limited (GCN) and Melbourne based, public unlisted company Priority One Network Group have entered into a Memorandum Of Understanding (‘MOU’) to establish a strategic partnership for the purpose of delivering a substantial, full service advertising, purchasing and transaction service platform to merchants and consumers.

Under the MOU, GoConnect and Priority One Network group will each control 50% of the joint venture.  Priority One Network has established a delivery platform that enables the provision of a holistic service to merchants and consumers.  This platform enables the delivery of advertising, purchasing and broader transaction solutions to a prospective 400 million members and consumers who have established relationships with these various companies, associations, and member groups.

Priority One has entered into collaborative agreements with these various domestic and international groups enabling these entities to strengthen their relationship with their existing consumers and provide compelling offerings to attract new customers.

Priority One will actively seek to convert this prospective membership and customer base into subscribers for its Debit Card offering to be co-branded with Ezybonds Global Payment Systems Inc. To-date, Priority One has entered into collaborative arrangements with 100,000 trading merchants across the globe whose consumer and membership base exceed 400 million.

www.goconnect.com.au

http://www.traderdealer.com.au/fundamentals/gcn

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