Proactiveinvestors United Kingdom - IT Hardware RSS feed Proactiveinvestors United Kingdom - IT Hardware feed en Thu, 22 Feb 2018 19:09:14 +0000 Genera CMS Berenberg gives Softcat shares a boost, upgrading to 'buy' after raising its price target Mon, 19 Feb 2018 11:40:00 +0000 Softcat edges higher as it lifts full-year guidance after strong first half Tue, 06 Feb 2018 08:52:00 +0000 Softcat makes 'solid' start to new financial year Wed, 02 Dec 2015 07:35:00 +0000 Softcat shares continue good run on London debut Wed, 18 Nov 2015 10:43:00 +0000 IT group Softcat to raise £153.4mln in market listing Fri, 13 Nov 2015 15:35:00 +0000 EX-Kit Digital CEO shows interest in takover offer

KIT digital's (NASDAQ:KITD) former CEO Friday expressed interest in taking over the video technology provider, two days after the company reported accounting irregularities.

Kaleil Isaza Tuzman, who left the company in a management shakeup earlier this year, said he would be willing to lead a group that would bid for the company at $3.75 per share in cash.

In premarket trading Friday, KIT digital stock was down 51 per cent to $2.07.

The company disclosed accounting irregularities on Wednesday, which it blamed on prior management as the company said it would restate results for the last three years.

KIT digital has been considering strategic alternatives, including a sale for several months.

In September, the company said it would slash 300 jobs, or 22 per cent of its work force as it seeks to streamline operations and cut costs, expecting to book $4 million in restructuring charges.

Fri, 23 Nov 2012 12:37:00 +0000
Kit Digital to cut 22% of workforce

Kit Digital, Inc. (NASDAQ:KITD) said Monday it would slash 300 jobs, or 22 per cent of its work force as it seeks to streamline operations and cut costs. 

The company, which offers video management software across browsers, mobile phones and smart TV's, expects to book $4 million in restructuring charges. Its restructuring plan will take place mainly in the third quarter, and be completed by the end of 2012.

Kit Digital, which reported the restructuring program in May 2012, expects to save about $40 million a year. 

"As we move forward we remain confident in our strategy, competitiveness and our ability to create value for shareholders," Kit's chief financial officer Fabrice Hamaide said in a statement. 

"The restructuring will further enhance efficiencies and focus expertise in the company's principal areas of operation," the company said. 

Kit Digital said most the reductions will come from non-core areas and general administrative redundancies. 

It will continue to invest in its core areas like Kit Cosmos video content management system, and Kit cloud web-based video asset management system. 

"By accelerating the integration of the company, we will be able to enhance our product offerings, improve efficiency and bring the business to a place of financial strength," chief executive Peter Heiland said. 

Shares gained 0.66 per cent to hit $3.03 each on the Nasdaq.

Mon, 17 Sep 2012 17:44:00 +0100
Teradata Q4 tops Street views, shares rally Teradata Corp. (NASDAQ:TDC) posted Thursday better-than-expected fourth quarter results, driven by double digit gains from all its regional business segments, and provided full-year guidance in line with analyst estimates.

The company, founded in 1979 and with about 7,400 employees, provides data management services and data warehousing solutions, as well as business consulting and support services.

It runs operations in North America, Latin America, Europe, the Middle-East, Africa, Asia Pacific region and Japan.

For the quarter that ended December 31, net revenues jumped 23 percent to $673 million compared with $548 million a year ago.

Net income increased 14 percent to $98 million, or 57 cents a share, compared to a year-ago profit of $85 million, or 50 cents a share.

Excluding one-time items, such as stock-based compensation, acquisition and reorganization costs, adjusted earnings were 66 cents a share.

Analysts polled by Bloomberg were expecting earnings of 62 cents a share, on sales of $640 million.

In the Americas segment, revenue rose 22 percent to $415 million, while sales in its Asia-Pacific and Japan unit grew 28 percent to $113 million.

Revenue in Europe, the Middle-East and Africa also rose 22 percent to $145 million from $119 million a year ago.
Gross margin edged down to 55.6 percent from 55.7 percent a year earlier.

Teradata’s board approved the buy back of $300 million of its own stock under its general open market share repurchase program.

The stock repurchase program initiated in February 2008 was set to expire this month, but has been extended by another three years, expiring in 2015.

As of January 31, the company had bought 18.2 million of its own stock, investing about $475 million of the $550 million that was initially authorized.

For the year, Teradata expects revenue to increase between 10 to 12 percent from last year’s revenue. It foresees currency translation to negatively impact year-over-year sales by one percentage point.

The company also expects adjusted earnings between $2.56 to $2.66 per share for 2012, while analysts predict $2.58 a share.

Shares rose 7.58 percent to $62.44 today on the Nasdaq.

Thu, 09 Feb 2012 15:50:00 +0000
KIT digital shares soar, posts Q3 profit, revenues more than double KIT digital (NASDAQ:KITD) saw its share price swell nearly 30 percent on Wednesday as the provider of video management software swung to a profit in its third quarter, and as its outlook for next year soared high above Street estimates.

The company reaffirmed its 2011 guidance, as it continues to expect revenues of $212 million, double over the year-ago period.

For the full year 2012, earnings on a per share basis are expected to be at least $1.45, with sales of at least $300 million. Analysts polled by Thomson Reuters expected 81-cents per share for 2012.

On the Nasdaq Exchange, KIT digital's share price surged 27.63 percent, or $2.31, to $10.67, as of 12:24 pm EDT.

For the three months ending September 30, KIT posted profits of $4.79 million, or $0.11 per share, up from a loss of $7.97 million, or $0.34 loss per share, a year ago.

Analysts had expected five-cents per share in earnings for the third quarter.

Revenues more than doubled to $62.28 million, from $27.75 million in the same period last year. Gross margins spiked to 77.4 percent from 51.4 percent in the year-ago period.

"These record results, particularly in what has historically been a seasonally weak quarter, reflect our ability to drive strong organic revenue growth while increasing the operating leverage and margin profile of our business," said CEO Kaleil Isaza Tuzman.

"We are supported by the growth of our sector, driven by the ongoing proliferation of connected devices, enhanced broadband connectivity, and global 4G and LTE introduction. Our KIT Video Platform is rapidly becoming a 'core vendor' solution set for large MSOs, telcos and major broadcasters taking advantage of these trends."

Indeed, during the quarter, KIT digital said it was successful in a number of new client wins, including Liberty Global, LG Electronics, British Sky Broadcasting, Airbus, The Associated Press, and Volkswagen Group, among others.

President Gavin Campion said: "This industry-wide evolution from traditional broadcast television to multi-screen OTT and multi-platform VoD solutions is evidenced by many large commercial wins and upsells we have recently announced.

"As we advance into Q4 and plan for 2012, our product offering is stronger than ever and we have a strong client pipeline in all the client verticals that are undergoing major transitions to multiscreen IP video."

Wed, 09 Nov 2011 16:58:00 +0000
KIT Digital to acquire Polymedia for $34 million, hints a bigger deal in the near future KIT Digital (NASDAQ: KITD), which makes video management software, said Wednesday it has agreed to acquire Polymedia, a video content management provider, for $34.4 million plus earn-out considerations.

Italy-based Polymedia is a subsidiary of TXT e-solutions, a public company listed on the Italian Stock Exchange.

  Polymedia gets most of its revenue from software licenses, software maintenance fees, and professional services.  The company is expected to add about $19 million of revenue to KIT. 

“The ability to derive revenue from media content is becoming increasingly important as the network operator sector experiences rapid changes in device types, consumer behavior, delivery infrastructure and publishing points,” said KIT’s CEO, Kaleil Isaza Tuzman.

In exchange for Polymedia shares, KIT will pay to$17.2 million in cash and up to $17.2 million in common shares.

After the deal, KIT expects to have about 39.3 million common shares outstanding and about $90 million in cash and equivalents.

And KIT already knows how to spend that cash.  In its fourth quarter earnings release today, KIT, which went public in December, said most of the proceeds from the public offering are “dedicated to support a prospective larger acquisition in the very near future”.  The company said in the release it will provide an update on this front at the end of the first quarter or early April.

The Polymedia deal, expected to be add to KIT’s earnings, is expected to close within the next thirty days.

Wed, 16 Mar 2011 19:07:00 +0000
Identive Group cuts Q4 losses, revenues rise Identive Group (NASDAQ:INVE), a provider of security ID technology, said Wednesday its fourth quarter losses narrowed to $0.8 million from a loss of $8.4 million in the year-ago period.

However, the result still fell short of estimates as analysts polled by Thomson Reuters predicted the company would break-even.

Losses per share for the quarter were 2 cents, compared with a loss of 34 cents a share for the same period in 2009.

In contrast, revenues topped estimates by rising to $27.8 million from $11.9 million a year earlier, mainly due to acquisitions.  Analysts expected the company to report revenues of $26 million.

In 2010, Identive, formerly SCM Microsystems, merged with Swiss company Bluehill ID in an all stock deal.  The new company subsequently acquired ID card maker Multicard U.S. and Smartag, which makes labels used to secure payments on cell phones.

Gross margin improved to 43% from 40% from a year ago, as the company cut more than $4.5 million in overhead.

"While development of the secure ID market remains fragmented geographically, some clear trends are emerging in 2011," said CEO Ayman S. Ashour.

"These include mobile payments, the deployment of personal identity credentials for local government employees, and ticketing for mass transit."

Ashour said Identive is "well positioned to participate in all of these trends."

The company's losses were overlooked by traders as its shares edged up by 1.7% to trade at $2.63 as of 1:24 pm EST.  Over the past year, the shares have rallied 65%.

Wed, 02 Mar 2011 18:00:00 +0000
Teradata To Acquire Marketing Software Maker Aprimo For $525 Million Teradata (NYSE:TDC), a data warehousing and business analytics firm based in Ohio, announced today it will buy Aprimo, an integrated marketing software provider, for about $525 million.

Aprimo’s marketing software helps manage different marketing activities including email marketing, campaign and lead management as well as and social marketing.

"We believe our combined value proposition, Teradata's powerful business analytics and Aprimo's cloud-based integrated marketing software come at a time when marketers are consolidating and integrating their marketing teams and systems while demanding more strategic analytics and intelligence, ” said Bill Godfrey, CEO of  Aprimo.

Integrated marketing management is a growing, $5 billion sector and is emerging as a critical focus for businesses, Teradata said in a statement today. 

According to Indianapolis-based Aprimo, its software is used by more than 0.15 million professionals globally.    
After the acquisition, Aprimo will be integrated into Teradata but will continue to market its products under the name Aprimo.

Teradata expects the deal to be slightly accretive to its non-GAAP earnings per share in the first year following closing.

The deal, subject to regulatory approval and other customary closing conditions, is expected to close in the first quarter of 2011.

As of 2:24 pm EST., Teradata’s shares have slid 3.6% to trade at $41.51.

Wed, 22 Dec 2010 23:28:00 +0000
KIT digital narrows third quarter losses, revenues jump 151% year-over-year KIT digital (NASDAQ: KITD), a global provider of video asset management solutions for multi-screen IP-based delivery, narrowed its losses in the third quarter as revenues grew on new contract wins and recent acquisitions.

For the third quarter, net loss was $8.0 million, or $0.34 per basic and diluted share, compared to net loss of $11.1 million, or $1.65 per share, in the same period last year.

The most recent quarter included $5.1 million in non-cash charges, including $4.5 million in integration expenses related to recent acquisitions.

During the third quarter, operating EBITDA, an adjusted measure, increased 376% to a record $4.4 million, or $0.19 per basic share, year-over-year.

Revenue in the period jumped 151% to $27.7 million from the same quarter a year earlier. Sales from the company's Europe, Middle East & Africa (EMEA) region constituted approximately 44% of the total during the quarter, with approximately 36% from the Asia-Pacific and 20% from the Americas.

Sales were no doubt positively affected by a record number of more than 45 new client contract wins during the quarter, including Malaysian cable operator Astro, pharma company AstraZeneca and Billabong, with estimated average monthly revenue per client in excess of $23,000. The company's client roster now totals over 1,300 customers across 40 countries.

The company said it will continue to pursue an acquisitive growth strategy, and is even considering more "transformative" acquisition opportunities, where the company explained, it could acquire a top competitor and significantly expand its market share. It said it raised $96 million through an equity financing recently for this purpose.

For the full year 2010, the company expects to report revenue exceeding $100 million, increasing more than 109% over 2009, and operating EBITDA of approximately $18 million, up 267% over the previous year.

Kit said that it will look to further expand into Brazil, China and other parts of East Asia, as its primary strategy for growth in 2011.

Cash and equivalents at September 30, 2010 totaled $50.1 million.

The company's end-to-end software platform solutions allow companies to acquire, manage and distribute video assets across the computer, mobile devices, and IPTV-enabled television sets. Clients include The Associated Press, BBC, Best Buy, Bristol-Myers Squibb, Disney-ABC, FedEx, General Motors and Google, among many others.

Kit's stock was up nearly 4% on Monday, trading at $12.56 at market close.

Tue, 23 Nov 2010 01:24:00 +0000
KIT digital acquires Accela Communications and Megahertz Broadcast in 2-day span Video asset management solutions provider KIT digital (NASDAQ: KITD) has acquired Massachusetts-based Accela Communications and the assets of UK-based Megahertz Broadcast Systems in share and cash deals totaling $4.7 million and $2.7 million, respectively.

"These acquisitions extend our leading market share position for enterprise-level video asset management products and services across the multiple screens of the mobile and tablet device, browser and IP-enabled television," said KIT digital's chairman and CEO, Kaleil Isaza Tuzman.

Accela is a privately-held provider of on-demand, video-based enablement and measurement tools.

Its online video platform, AccelaCast, supports the production, delivery and measurement of interactive video and multimedia communications, providing businesses with greater audience engagement.

The platform allows organizations to create multimedia programs through customized design, navigation and data collection options. Customers include Alcatel-Lucent, CA, EMC, Hitachi Data Systems, Haymarket Medical and many others.

The consideration for Accela comprised of $1.8 million in cash and 332,763 shares of KIT's stock.

The deal, which closed yesterday, is expected to add to KIT's digital market scope in the healthcare, information technology, and financial services sectors and will also give KIT access to more sales channels and partnerships, said the company.

Southborough, Massachusetts will continue to be home to Accela's more than 30 employees, and will become KIT digital's New England sales and account management hub.

Megahertz, the company`s second acquisition, is a broadcast video systems integrator, serving broadcasters, MSOs and telecommunications providers in advanced digital video and IP-based implementations.

"[The Megahertz] acquisition removes a competitor and extends our existing advanced digital and IP video systems integration capabilities -- which support our larger-scale software implementations with broadcasters and network operators. It also underlines our mission of bridging the gap between traditional broadcast and new media for our customers," said Tuzman.

Under the terms of the acquisition expected to close today, KIT digital will acquire Megahertz from its Canadian parent company, AZCAR Technologies, in exchange for $2.7 million in net cash and certain stock-based management incentive agreements.

Based on its most recent August results, Megahertz derives in excess of $4.5 million in annualized revenues. Clients include Al Jazeera, APTN (UK), ART, BBC, British Telecom, BSkyB, CNN, eTV (South Africa), and Fiji TV, among others.

KIT plans to cross-sell its VX-one video management platform, with a special focus on mobile video and IPTV cable distribution capabilities, into Megahertz`s existing client base.

Megahertz will also be beneficial, in that it is expected to have synergies with Singapore-based Benchmark Broadcast Systems, which KIT acquired earlier this year.

Ely, UK will continue to be home to Megahertz's more than 20 employees and full-time consultants, and will become a part of KIT digital's existing EMEA sales and account management activities.

KIT expects there will be modest restructuring and integration costs related to both the acquisitions, totaling not more than 50% of the original, combined purchase price, it said.

The company also anticipates the acquisitions to be accretive on both a revenue and cash-flow basis.

Prague-based KIT digital is a global provider of video asset management solutions for multi-screen IP-based delivery. KIT VX-one, the company's family of end-to-end software platform solutions, enables enterprise clients to acquire, manage and distribute video assets across the three screens of today's world: the personal computer, mobile device, and IPTV-enabled television set.

The application of VX ranges from commercial video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance.

The company was up more than 4% on Thursday, trading at $9.85 15 minutes prior to close of market on the Nasdaq.

Fri, 10 Sep 2010 01:46:00 +0100
IceWEB to supply unified storage system for VideoBank`s contract with US Federal Government Shares in cloud storage networks specialist IceWEB, Inc (OTC:IWEB) were on the move today after the company announced that its channel partner, VideoBank, had been awarded a contract from the US Federal Government.

VideoBank provides solutions for managing video, audio, still imagery, documents, and other digital content for organizations of all types and sizes. The company`s video management platform will be provided in the contract, which utilizes IceWEB`s 48TB IceWEB 5000 data storage product.

The IceWEB 500 unified storage system offers one platform for file and block data, and provides built-in, all-inclusive storage management features including de-duplication; unlimited snapshots; thin provisioning; local or remote, real-time or scheduled replication; capacity and utilization reporting, and VMware integration.

 "We are continuing to see a surge in the need to manage and store massive amounts of video captured from aerial sensors deployed by Department of Defense and Intelligence agencies in the fight against terrorism.   Video and satellite imagery are two very important growth areas for IceWEB as we continue to diversify our customer base," stated John R. Signorello, IceWEB CEO.  

The initial installation is scheduled to be deployed in the current fiscal quarter, IceWEB added.

IceWEB generated revenues of US$1.2 million in the three month period ended June 30, 2010, an increase of 46% on the comparable period in the previous fiscal year.

Shares in IceWEB climbed more than 5% on the news.

Fri, 03 Sep 2010 02:02:00 +0100
Telvent Gains Contract To Supply Light Rail System in Algeria Telvent (Nasdaq:TLVT), an IT solutions and business information services provider, announced that it has been awarded a contract by Isolux-Corsan, with Enterprise Metro D’Alger as the end customer, to implement its Telvent SmartMobility(TM) Light Rail solution for a light rail system in Oran, Algeria.  The light rail is scheduled to be in operation by 2011. 

Telvent’s  light system will determine when a light rail is approaching and give priority to the light rail.  According to Telvent, their technology will contribute up to 70% in energy savings compared to current technology. 

 Ignacio Gonzalez, Telvent's CEO, said,  explained that Telvent’s light rail solution "will help the city of Oran to effectively coordinate the interaction between city traffic and the light rail system, resulting in a significant improvement to urban mobility and guaranteed passenger safety and security".

Telvent has an established prescence in the North African region.  In addition to this project, Telvent also has contracts to implement the light rail priority system in Rabat, Morocco, and a navigation simulation system for the Algerian Merchant Marine School.  In the past, Telvent has completed a traffic control center in Rabat. 

In its release of second quarter results last Friday, Telvent reported a backlog,  the portion of signed contracts for which performance is pending, of $1 million euros as of June 30, 2010.  This represented approximately 13%  increase over the $0.89 million euros at the end of December 2009.

Since the release, Telvent’s stock has traded down 1.47% to $21.45.

Tue, 10 Aug 2010 21:03:00 +0100
NASDAQ listed IT group Savvis snaps up Toronto based Fusepoint for $124 million Cloud infrastructure and IT enterprise solutions group Savvis (NASDAQ: SVVS) is acquiring Toronto headquartered Fusepoint, Inc for $124.5 million in cash.

Fusepoint is a portfolio company of M/C Venture Parterns, a venture capital firm focused on the communications, media and information technology sectors.

For the first quarter of 2010, Fusepoint's annualized revenue was $47.4 million and adjusted EBITDA was $3 million.

Fusepoint currently operates three data centers in Toronto, Vancouver and Montreal, and has generated an overall revenue compound annual growth rate (CAGR) of 18 percent and adjusted EBITDA growing at a CAGR of 83 percent.  The company offers services that allow customers to outsource their mission-critical IT infrastructure and application requirements

"The acquisition of Fusepoint is a step toward one of our most important goals to expand our geographic presence around the world," said Jim Ousley, Savvis chairman and chief executive officer. "Our largest customers have been asking us to expand into Canada, and the acquisition of Fusepoint allows us to do so in a seamless and efficient manner. Our best-in-class product set and strong vertical market focus meshes well with Fusepoint's fast growth and deep penetration of Canadian enterprises. Fusepoint has a great track record and extends Savvis' reach into the highly promising Canadian hosting market including Toronto, the financial center of Canada."

"We're pleased to become a part of the Savvis family, as we believe our offerings are very complementary and highly synergistic," said George Kerns, Fusepoint chief executive officer. "By folding our footprint into Savvis' global operations, we'll be able to better serve our customers, by providing them with a broader range of services and access to a global footprint with leading-edge technology."

Tue, 01 Jun 2010 20:43:00 +0100
Echelon's NES chosen for advanced metering project in Switzerland Echelon Corp (NASDAQ:ELON) said its Networked Energy Services (NES) System has been chosen for the first advanced metering project in Switzerland.

Utility Energieversorgung Biberist (EV Biberist) has awarded a contract to Echelon's NES reseller partner GORLITZ Schweiz AG to provide advanced metering infrastructure to all of its 5,000 household customers over the next three to five years.

Financial details were not disclosed.

The NES metering infrastructure consists of a family of electronic electricity meters accessed via a web services based network operating system over an IP networking infrastructure.

Wed, 15 Apr 2009 20:12:00 +0100