Posts Tagged ‘IT’

    • 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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    ASX Company News: NetComm Secures Ericsson’s Broadband Equipment Contract

    Friday, August 19th, 2011

    Following Ericsson’s appointment by NBN Co to build and operate its 1.1 billion dollar fixed- wireless broadband network, NetComm Limited (NTC) has been selected by Ericsson to provide advanced fixed-wireless devices needed to connect rural and regional Australian households and businesses to the 2.3GHz fixed-wireless LTE broadband network. NBN Co has an objective to make high-speed broadband available to any Australian regardless of where they live, with the final 7 per cent of premises in areas of low population density to be reached by wireless or satellite.

    David Stewart, NetComm’s Managing Director, says “NetComm will provide fixed-wireless LTE devices to connect premises to the NBN Co’s LTE broadband network with a three year window to complete, commencing from mid 2012.” “The leading 4G technology, LTE, has a global momentum and its innovative ecosystem is expanding rapidly. Thanks to this local collaboration, we are able to facilitate the efficient delivery of LTE-based broadband services to homes and businesses that are usually disadvantaged because of their remote location,” said Sam Saba, head of Ericsson in Australia. “We are pleased to be working with Ericsson on this landmark project. This collaboration reflects NetComm’s firm commitment to working with world class network providers. The deal is expected to have a significant impact on NetComm’s revenue from 2013 to 2015 financial years,” said Mr Stewart.

    NetComm is at the forefront of wireless broadband technology and is strategically aligned with the evolution of telecommunications networks worldwide. Following this year’s launch of one of the world’s first wireless LTE Routers at the Mobile World Congress in Barcelona, the company has strengthened its commitment to the development of innovative LTE and fibre access devices, including the devices for Ericsson and NBN Co.

    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 designs and produces products that are customized for world-leading carrier networks to successfully deliver the performance requirements of home, business and industrial applications.

    www.netcomm.com.au

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

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    ASX Company News: Prophecy To Acquire Intersect Alliance

    Monday, August 15th, 2011

    Prophecy (PRO) has completed a transaction to purchase the business of Intersect Alliance, an Australian software company which specializes in a range of security software in the area of security event and log monitoring. This business will be run through Intersect Alliance International, a new subsidiary company of Prophecy International. The centrepiece product is the proprietary Snare Server software which provides a range of agents for event monitoring, log collection, analysis, reporting and archiving for future audit. Snare stands for System Intrusion Analysis and Reporting Environment. It provides a very important facet of system security for all types of large commercial and government organizations. The Intersect Alliance Snare agents are used by thousands of organizations world wide and they are recognized as leaders in their field.

    Prophecy has purchased 100% of the business of Intersect Alliance and will work with all existing partners to promote the Snare products internationally. The consideration included 3 million Prophecy shares and close to $2 million in net cash. The acquired business is expected to produce from $750k – $1 million of profit in the remaining 11 months of this financial year and will provide a welcome boost to the overall group profit this year. The new business revolves around a larger number of smaller sales transactions and thus will complement our current profile of a smaller number of larger sales transactions.

    www.prophecyinternational.com

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

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    ASX Company News: Sirius Acquires Two New Companies

    Tuesday, July 12th, 2011

    The Board of Sirius Corporation Ltd (SIU) is pleased to announce that it has executed Sale and Purchase Agreements under two separate transactions with the respective owners of Chameleon Technology Pty Ltd and Pinnacle Software Pty Ltd, under which, Sirius will acquire 100% of the issued capital and operating businesses of both companies. Chameleon with annual revenue of over $3.0 Million, develops, installs and supports application software solutions particular to the budget management, enquiry, business analysis and reporting markets. The purchase price for Chameleon is $5.0 Million to be paid in cash at completion. Pinnacle with annual revenue of over $1.5 Million, develops installs and supports Asset, Lease and Property Management software for the asset management and asset maintenance market. The purchase price for Pinnacle consists of the initial consideration of $1.0 million to be paid in cash at completion less any completion adjustments.

    Mr Raju Parrab, Executive Chairman of Sirius (and on behalf of the Sirius Board) has indicated that both, “Chameleon and Pinnacle are well established businesses with strong leadership and management teams, skilled and motivated staff, have a national client base in the key Sirius markets, as well as strongly complementing the Sirius business strategy.”

    Sirius is a long established software and services company that underwent a change in focus in 2006/07. Its focus is on providing software and services to large enterprises. The company operates via a federated or hub-and- spoke model which involves Sirius acting as a holding company (hub) for a number of software and service companies. The company is pursuing an acquisition-led growth strategy, which envisages strong growth and profitability over the next few years. Chameleon Technology Pty Ltd (Chameleon) develops, installs and supports application software particular to the budget management, enquiry, business analysis and reporting markets. Pinnacle develops, installs and supports Asset, Lease and Property Management software for the asset management and asset maintenance market. The company has been operating since 1984 and has developed specialist software tools for the management of operational assets of large organisations.

    www.sirius.com.au

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

    www.chamtech.com.au

    www.pinnaclesoftware.com.au

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    ASX Company News: Runge Secures $1 million Software Contract

    Thursday, May 5th, 2011

    Leading technology and professional services business in the resource sector, Runge Limited (RUL), today announced that a major global mining company has signed a corporate contract to install Runge’s Financial Modelling Software, XERAS. XERAS will be adopted across all mining operations to underpin a corporate wide initiative for standardisation of their financial modeling processes to feed into their corporate financial budgeting. This contract will contribute over $1M in licence fee revenue in FY11.

    Runge’s Acting Chief Executive Officer, David Meldrum commented “This corporate contract consolidates many XERAS licences the company has previously purchased at their various operating sites over a number of years. These previous licences were used in isolation at each site for operations budgeting, fixed and mobile plant budgeting and strategic planning budgets. This engagement has the effect of consolidating all of their global operating sites and head office to use a single standardised solution. This solution is an important tool in the governance area and is designed to facilitate the reduction of risk by providing the group with a consistent methodology and process around financial controls. Runge is delighted to receive this engagement and have the  opportunity to work with our client, especially at the corporate level.”

    Runge Limited (RUL) is a leader in the provision of technology products, consulting services and training courses to the global mining industry, delivering solutions and services across a range of commodities. With expertise across a range of mining disciplines, Runge’s approach to the business of mining is strongly grounded in economic principles and delivering mine planning solutions that are tightly coupled with technological support and training. Runge currently owns and operates 19 offices in 12 countries throughout the world. Our team includes Pincock Allen & Holt, Minarco-MineConsult, MRM Mining Services Pty Ltd and GeoGAS Pty Ltd.

    www.runge.com.au

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

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    ASX Company News: Facilitate Digital Holdings Secures New Media Contract

    Wednesday, March 30th, 2011

    Facilitate Digital Holdings Limited (FAC), a global provider of technology used to buy and measure digital media advertising, announced it has secured a global agreement with Mediabrands, one of the world’s largest agency groups. In a landmark agreement, Mediabrands will roll out Facilitate Digital’s Symphony platform – a workflow and buying solution for digital media – across their leading global agency brands including Universal McCann and Initiative.

    “This is a watershed for Facilitate Digital and a global industry first”, said CEO Ian Lowe. “Three years ago we identified emerging industry trends effecting media agencies that would require centralized workflow automation across markets, clients, currencies and technologies. Today Symphony is the only international platform and a market leader.

    Facilitate Digital creates digital advertising solutions that emphasize simplicity, integration and flexibility for agencies, web publishers and marketers worldwide. It is the only global provider that offers a purpose built single platform solution across both marketing and business intelligence.

    www.facilitatedigital.com

    http://www.traderdealer.com.au/Fundamentals/fac

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    ASX Company News: Bravura Solutions Secures New Contract

    Tuesday, February 15th, 2011

    Bravura Solutions Limited (BVA), a leading global supplier of transfer agency and wealth management software applications and professional services has signed a new five-year contract with Legal and General Investments to extend its use of Bravura’s Rufus transfer agency platform. The contract will support Legal and General’s growing UK operations, expanding its current use of the platform to cover the administration of new fund range and distribution channels in their Unit Trust, PEP, ISA, and OEIC Unit Class businesses. This confirms Rufus as Legal and General’s core transfer agency system and consolidates an existing 13 year partnership with Bravura. The contract also supports Rufus’ reputation as one of Europe’s most widely used commercial transfer agency platforms administering over £335 billion of funds across 15 countries; with assets under administration rising by 23 per cent in the last 12 months alone.

    Mike Boardman, Chief Operating Officer for Legal and General Investments said: “Our relationship with Bravura is essential to the continued success of our business. We are able to depend on Bravura to deliver consistently high quality services and are confident that they will continue to do so in the future. We look forward to further developing this key relationship.” Andy Chesterton, Chief Operating Officer EMEA at Bravura said: “The Rufus platform provides Legal and General with an effective and reliable technology solution that enables efficient administration and STP services as well as delivering high quality client service. “We have built a strong and successful partnership with Legal and General over the years and we look forward to building on this relationship in future with this new contract.”  Bravura’s Rufus software supports highly efficient transfer agency administration of European domiciled assets distributed globally. The multi-currency and multi-lingual platform offers integrated FX processing and also supports open architecture products such as fund supermarkets.

    www.bravurasolutions.com

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

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    ASX Company News: Big Air Acquires AccessPlus

    Friday, January 7th, 2011

    BigAir Group Limited (BGL) is pleased to announce that it has entered into a binding share sale agreement to acquire all of the shares in AccessPlus Pty Limited. AccessPlus is the leading provider of outsourced managed Internet services in the tertiary student accommodation market within Australia. AccessPlus has more than 10 years experience and approximately 20 sites under management on long-term multi-year contracts. In time BigAir’s high speed fixed wireless backhaul network will be installed into each AccessPlus student accommodation site, interconnecting with high speed local access wired and wireless networks installed and owned by AccessPlus. This combination of reliable end to end high speed infrastructure will enable it to deliver fast and affordable Internet data, voice and video solutions to tertiary students in residence across Australia. This integration is also expected to deliver cost synergies to the Group.

    AccessPlus will operate as a wholly owned subsidiary within the BigAir group. During the course of 2010 BigAir intends to review the delivery of existing services via both the BigAir Universe Broadband (formerly Star-Tech) systems and the AccessPlus systems. The aim will be to extract the best from both in order to offer unmatchable systems and services in the student accommodation and related markets. BigAir will acquire AccessPlus for an aggregate purchase price of $5m comprising: $1,750,000 cash and $500,000 worth of BigAir shares payable immediately (based on the 5 day volume weighted average price of BigAir shares as at 5 January 2010 which is 19.9c); $1,375,000 cash to be paid in 12 months; $1,375,000 cash subject to an EBIT adjustment payment of plus or minus $340,000 based on the performance of the AccessPlus business in the 2012 calendar year as against a specified EBIT target.

    BigAir owns and operates Australia’s largest metropolitan fixed wireless broadband network. The Australian business market comprises nearly one million businesses and BigAir’s network provides near blanket coverage across its seven largest cities Sydney, Melbourne, Brisbane, Perth, Adelaide, Newcastle and the Gold Coast. BigAir sells broadband and data services primarily through its channel partners who include ISPs, Carriers, and other IT service companies who have existing relationships with business customers in order to deliver BigAir’s high speed, cost effective fixed wireless broadband solutions.

    www.bigair.net.au

    http://www.traderdealer.com.au/Fundamentals/bgl

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