Market & Technology News
Swedish SDN and network security company Clavister, with clients in the telecom, cloud and enterprise sectors, has completed a directed new share issue of 2,000,000 shares, providing the company with SEK 34m (€3.8m) before reduction of transaction costs.
BT says its Global Services integration services division delivered a 9% increase in its order intake this year and it "continues to see double-digit revenue increases in the high-growth regions of the world".
Analyst UBS has downgraded Infosys to Sell from Buy, and slashed its price target to $45.77 from $67.44. The firm is worried the IT outsourcing giant isn't as well-positioned as rivals to take advantage of growth opportunities, and is also concerned about its high attrition rate, both of management and staff.
US-based Managed mobility specialist WidePoint has bought Dublin-based Soft-ex Communications Ltd to expand its global presence and reach additional service providers and channels.
HP plans to invest more than $1bn over the next two years to develop and offer cloud-computing products and services.
Technology IPOs in Europe are lagging behind other markets though the continent is ranked second in all funds raised for IPOs across all other sectors in Q1 2014, says PwC newest study on Global Technology IPO Review.
Telenor Group has reported Q1 revenues of NOK 26.5bn (€3.2bn), representing an organic revenue growth of 1.5%. EBITDA before other items was NOK 9.3bn (€1.12bn), the EBITDA margin was 35% and operating cash flow was NOK 5.6 bn (€670m).
An EC/Greek government event in Athens has heard that Greece needs to improve its IT skills education or miss out on a wider European opportunity.
A survey of telcos and carriers shows how they plan to handle the expected boom in wifi connections, and integrate them into payments. Market research firm Infonetics Research has released excerpts from its 2014 Carrier WiFi Strategies and Vendor Leadership.
Citing strong phablet sales and extended upgrade cycles, IDC estimates global tablet shipments only rose 3.9% Y/Y in Q1 to 50.4 million units.