HPE creeps past FY24 revenue target
FY24 results from HPE show the firm surpassed its revenue growth target range (of 1-3%) with an increase of 3.3% to $30.1bn. When the firm released Q3 results in September, we pondered whether the hit to the share price – despite posting record AI revenue – came partly as a result of it leaving the […]
General Atlantic closes deal to acquire Learning Technologies Group for $1bn
US private equity investor General Atlantic has closed the deal we reported on in October to buy AIM-listed Learning Technologies Group (LTG) – see LTG takeover discussions ongoing, General Atlantic deadline extended. The deal was unanimously recommended by LTG’s board at the time, but last-minute hurdles remained with stipulations by General Atlantic that LTG CEO […]
Valu-Trac selects Temenos fund administration platform
UK investment management firm Valu-Trac has selected banking technology specialist, Temenos, to drive the strategic development of its fund administration and transfer agency business. Specifically, Valu-Trac has chosen Temenos Multifonds, the Swiss vendor’s global fund administration platform designed to help asset managers, insurance companies and pension funds achieve increased operational efficiency. Headquartered in Scotland, with […]
Christmas comes early at Capita
Capita has announced a couple of contract wins to give it a boost as it goes into the Christmas period and nears its year end. Yesterday, Capita revealed that it had won a £30m renewal of its Tesco Mobile customer services contract that will now run until August 2027. This is the third renewal of […]
*NEW RESEARCH* COP29: Money, markets, and momentum
COP29 (the UN’s 29th Climate Change Conference) came to a close in Baku, Azerbaijan recently, marking two weeks of pledges, declarations, announcements, and commitments on various climate-related measures among a global community of nearly 200 countries. Although it wasn’t the only thing debated at this “finance COP”, by far the most headline-grabbing discussions and decisions […]
Totalmobile lands Cobalt Housing contract
Field service management software specialist Totalmobile has secured a contract for its workforce management solutions with Liverpool-based Cobalt Housing. Full implementation is planned for mid-2025 and will enable the client to bring repair services in-house for its 6,000 homes Until recently, Cobalt Housing managed the majority of repairs through external contractors. The new software will […]
Scrumconnect wins new Whitehall client: MCHLG
Digital transformation specialist Scrumconnect Consulting, which was founded by husband-and-wife team Praveen Karadiguddi (CEO) and Shilpa Kaluti (CFO), has secured a significant two-year contract with the Ministry of Housing, Communities and Local Government (MHCLG), worth up to £19 million. Under the arrangement, which commenced at the end of October, Scrumconnect is supporting early discovery work […]
NCSC reports rise in number and severity of UK cyber attacks
In its 2024 annual review, the National Cyber Security Centre (NCSC), a part of GCHQ, has reported an increase in the number and severity of cyber-attacks affecting UK organisations, and reiterated its warnings around threats from ransomware, AI and nation-state cyber threats. This year the NCSC incident management team received 1,957 reports of cyber-attacks covering a […]
IRIS expands accounting capabilities with Dext acquisition
IRIS Software Group has reached an agreement to acquire bookkeeping automation platform provider Dext Software. Terms of the deal have not been disclosed. Founded in 2010, Dext was originally called Receipt Bank but changed its name after Hg acquired a controlling stake in the business in May 2021. Its solution is designed to reduce manual […]
Acquisitions keep Software Circle growing
Serial acquirers of vertical software businesses, Software Circle plc saw its turnover for the six months ended 30th September increase by 8% yoy to £8.9m. The top line boost gained from the purchases of financial services marketing focused Bethebrand in May and children’s social care specialist Link Maker Systems two months later (see here) more than […]