Industry News

Ordina pushed to loss by redundancy costs

Ordina's Q4 and full year results show that it has halted its decline and lifted earnings. It still made a loss on the full year of €0.4m (2012: profit €0.5m) mainly due to higher redundancy costs of €7.4m (2012: €4.0m).

Ericsson in new telco network push

Ericsson had a big push with new products at the Mobile World Congress 2014 in Barcelona, Spain this week. Because of the moves by telcos into managed services and hosting, it is worth looking at its plans.

Bulgarian skills attract new Luxoft office

Luxoft Holding, the software development services part of the giant eastern European IBS Group now has a new delivery centre in Sofia, Bulgaria. The drive to recruit skilled IT people seems to be behind this move.

Westcon adds video network security vendor

Distributor Westcon has signed an EMEA distribution agreement with Edgewater Networks, a specialist in video border security, as it looks for growth in the video conferencing market for SMBs.

Telenor relies on Nordic market

Telenor Group's Q4 saw reported revenues of NOK 28bn (€3.3bn), showing organic revenue growth of 1%. EBITDA before other items was NOK 8.99bn (€1.1bn) and the EBITDA margin was 32.6%.

Claranet buys Portuguese managed hosting business

Claranet is buying Portuguese managed hosting and applications provider Echiron, as part of its continued expansion into Europe. It says this makes it the largest cloud services provider to the mid-market in the region.

MTI adds AX accessories

Ukrainian distributor of notebooks, PC components and computer devices has announced it has expanded its offering with new products from InnoVISION Multimedia Limited.

Ex-CEO at NTT joins Kobil Systems

Kobil Systems, a Germany-based specialist in IT security, has announced that Thomas Balgheim, previous CEO at NTT Data EMEA, has accepted a new role to join Kobil’s Advisory Board.

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