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ASX Company News: Powerlan Secures Asian Telecom Software Contract

Monday, December 19th, 2011

Powerlan (PWR) announced that Clarity, the award-winning provider of unified solutions designed to simplify the operations of communication service providers, has been awarded a letter of award by Axiata Management Services Sdn Bhd (AMS). AMS is a subsidiary of Axiata Group Berhad (Axiata), one of the largest telecommunications companies in Asia, providing a comprehensive range of mobile communication services to a combined base of over 180 million subscribers. Subject to the entry into a definitive agreement, Clarity will be awarded a pivotal 5 year contract, to be the prime business partner, systems integrator and customer experience management solution provider and, as such, will provide systems integration and application modernisation services to Axiata and its group of companies.

Clarity’s core operational capabilities will ensure rapid product innovation to maximise market agility, customer experience and subscriber loyalty; streamlined operational processes, systems and data quality to accelerate geographic and targeted operationalization; state-of-the-art management dashboards to facilitate business decision making and traceable ROI measurement.

Powerlan Limited (PWR) provides specialist information technology products and services through three operating divisions: Clarity; ConverterTechnology and IMX Software. Axiata is one of the largest Asian telecommunication companies, focused on high growth low penetration emerging markets. Axiata has controlling interests in mobile operators in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia with significant strategic stakes in India and Singapore. India and Indonesia are amongst the fastest growing markets in the world. In addition, the Malaysian-grown holding company has stakes in non-mobile telecommunication operations in Thailand. The Group’s mobile subsidiaries and associates operate under the brand name ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘HELLO’ in Cambodia, ‘Idea’ in India and ‘M1’ in Singapore.

www.powerlan.com

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

Tags: Axiata Group, Billing systems, Powerlan, PWR, Software, Telecommunications
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ASX Company News: Prophecy Secures Two New Utilities Billing Contracts

Wednesday, December 7th, 2011

Prophecy International (PRO) is pleased to announce that two of its sales campaigns for its basis2 utilities billing solution have been successfully completed with contracts now in place. These are at the smaller end of the scale, but will deliver over $1.5m of new revenue to the Prophecy group. A portion of this revenue is expected to be billed in this half, allowing Prophecy to meet its revenue and profit expectations for this part of its business.

Prophecy has been working diligently in a tough market and is very pleased with these sales outcomes. One of the sales has come out of our North American region and the other from EMEA covering Europe, the Middle East and Africa. In addition, Prophecy has been working with partners to move into the Software as a Service space so that the basis2 billing solution can be provided in the Cloud along with complementary products to fulfil a total solution for large customers on a worldwide basis. This is a market space that has a very large potential and our product is very well suited to the complexities of this part of the market. We see this area as one to provide future growth to our utilities solution package. Activity in this space is expected to accelerate during 2012.

The basis solution operates in a market that is very competitive and we have once again been able to demonstrate that we do have an appealing solution for each level, ranging from the small customers all the way through to the large part of the market space

www.prophecyinternational.com

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

Tags: IT Services, PRO, Prophecy International, Software, Utilities Billing
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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

Tags: Asset Sale, IT, Software, TAG, Tag Pacific, Unique World Group
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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

Tags: Bravura Solutions, BVA, Financial Services, IT, Software, Wealth Management
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ASX Company News: Sirius Wins Western Region Water Asset Management Contract

Wednesday, October 12th, 2011

The Board of Sirius Corporation Ltd (SIU) is pleased to announce that InfoMaster, a wholly owned subsidiary of Sirius Corporation, has been awarded a competitive tender for the supply and implementation of an Asset Management Information System (AMIS) for Western Region Water Authority in Victoria . The contract is valued in excess of $900K and is to be delivered by November 2012. The solution provided is InfoMaster’s leading edge AssetMaster product. Built on a single software platform it delivers a comprehensive view of all asset types across the entire organisation. AssetMaster also provides a clear picture of where cost savings can be made and helps to reduce the total cost of ownership. Its features include financial integration, spatial decision support, and predictive modelling.

Paul Louws, Asset Manager for Western Water said that, “This system (AssetMaster) has been selected due to its excellent technical fit with Western Water’s needs and its flexible nature that will assist us in managing our rapidly developing asset base in the Western Region of Melbourne. “ InfoMaster CEO Andrew Lutterbeck said that the sale was secured as a result of InfoMaster’s experience and the solution’s (AssetMaster) capabilities in managing all aspects of infrastructure assets and integration between other operational systems. AssetMaster manages the entire gambit of asset complexity, and as a vendor agnostic solution, its integration capabilities offer another key differentiator.

Western Water will join a growing list of customers such as the Wyndham City Council, City of Melbourne, Central Goldfields Shire Council, Coffs Harbour City Council, and Richmond Valley City Council, to name a few, that are already receiving benefits from the use of AssetMaster. 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.

www.sirius.com.au

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

Tags: Asset Management, Sirius Corporation, SIU, Software, Western Region Water
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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

Tags: IT, IT Services, Software, UXC, UXC Limited, Victorian Water
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ASX Company News: Stratatel Secures South African contract

Wednesday, September 7th, 2011

Leading Australian software and services company, Stratatel Limited (STE) announces a joint venture with Messrs Allen Hartley and Jeremy Davidson of Webhouse International. The Joint Venture has signed an exclusive 3 year contract with a South African Telco for the provision of Stratatel’s proprietary FleetManager® bill reporting software and support services to its mobile and fixed line business and corporate customers in South Africa.

Commenting on the deal, Stratatel CEO Mr Matt Parry said “this contract once again validates the quality of Stratatel’s FleetManager system as well as the support services capability of our partners Webhouse.”The Australian joint venture entity, Webhouse Software Pty Ltd, will be owned 50% each by Stratatel and Webhouse Software Solutions. The Joint Venture is a party to the contract for the provision of FleetManager® bill reporting software and South African based hosting and support services to the Telco’s customers in South Africa. The local South African support will be provided through the local South African Webhouse infrastructure. Under the terms of the Contract, there is an agreed minimum number of “units” (mobiles and fixed lines) to be added to the FleetManager® system over the period.

www.stratatel.com.au

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

Tags: IT Services, Joint Venture, Mobile Phones, Software, STE, Stratatel, Telecommunications
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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

Tags: acquisition, Intersect Alliance, IT, PRO, Prophecy, Software
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ASX Company News: Hansen Technologies Secures Spanish Billing Contract

Tuesday, July 26th, 2011

Hansen Technologies Limited (HSN), is pleased to announce that Tuenti (a subsidiary of Telefonica) has selected Hansen as their strategic partner for billing & customer care in support of the launch of Tu Mobile in Spain. Hansen has entered into a contract with Tuenti to customise and implement its flagship Telecoms billing solution HUB, providing a fully integrated managed service solution, which will be hosted within Tuenti’s data centres. Tuenti, the leading Spanish social network, will look to leverage its 12 million members with a full suite of mobile services that is aligned to the social nature of mobile communications. Hansen is closely aligned with the success of Tuenti’s growth in this new mobile venture and sees significant untapped potential for such a tightly coupled service offering.

From Hansen’s perspective the agreement is structured around committed base revenue with upside revenue opportunities as Tu Mobile’s initiatives evolve. “The selection of Hansen as the billing & customer care solution provider for this initiative represents an endorsement of Hansen’s activities in this area of the telecommunications market and also expands our operations in Europe. I am excited by this opportunity and the potential for our business to grow with that of our customer and their international associates. I look forward to continuing the development of this application for Tuenti and expanding our strategic partner relationship over time.” said Andrew Hansen, CEO of Hansen.

The Hansen Technologies Group (HSN) is a leading provider of utility billing, customer care, and smart metering solutions. Hansen Technologies’ unique approach to best-fit solutions leverages the Meter Data Management Solution, Peace® CIS, and HUB CIS platforms to develop, deliver, and support high-value solutions for clients worldwide. In addition to solutions for the electricity, gas, water and telecommunications sectors, Hansen Technologies also offers outsourcing and facilities management services from its purpose built facilities in Melbourne. Hansen also supports the Classic Superannuation administration solution.

www.hsntech.com

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

Tags: Hansen Technologies, HSN, IT Services, Software, Telecommunications
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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

Tags: acquisition, IT, Sirius, SIU, Software
Posted in ASX Company News | No Comments