Browsing: Bytes Technology Group

Bytes on the acquisition trail

Altron IT subsidiary Bytes Technology Group has acquired identity management company Brand New Technologies (BNTech). The purchase consideration, which has not been disclosed, is dependent on the attainment of certain profit targets over a period of three years. BNTech specialises in securing

Altech soars on Altron buy-out offer

Altron has made an offer to buy out the minority shareholders in its subsidiary Altech, the two JSE-listed companies announced on Friday. The move sent Altech’s share price soaring by more than 30% on Friday afternoon, shortly after news of the offer was published. The move had been widely expected

Bytes only performer at Altron

The performance of IT services group Bytes was the only bright spot in an otherwise poor set of annual financial results from JSE-listed conglomerate Altron, whose numbers were dragged down by subsidiaries Altech and Powertech. Group headline earnings per

Altech, Altron continue talks

Altron and its subsidiary Altech are still engaged in talks, the outcome of which could have a material effect on the share prices of the two JSE-listed groups. Though neither has said what the discussions are about, it’s widely speculated that Altron is preparing to make an offer to minority shareholders in Altech

Altron to buy out Altech minorities?

Altron and subsidiary Altech both cautioned their shareholders within moments of one another on Friday that they were in talks that could have an impact on the share prices of the two companies. The move has ignited speculation that Altron could have another go at delisting Altech, which

Altech, lower margins knock Altron

Despite good revenue growth of 11% in the six months ended 31 August 2012, JSE-listed Altron’s profits have been pummelled due to margin pressure and writedowns at subsidiary Altech. For the period, Altron reported operating profit before capital items of R586m, from R627m previously. However, the problems at Altech

Innovation event comes to Cape Town

Research and analysis firm Frost & Sullivan is hosting its second annual Growth Innovation Leadership Event in Cape Town next month. The event attracts executives from some of SA’s and Africa’s biggest technology , mining, and engineering players. The event will take place on 22 August at the Table Bay

Altron’s Bytes in Oracle buy

Altron subsidiary Bytes Technology Group has acquired Alliance Business Solutions, an Oracle software specialist, for an undisclosed sum. The acquisition has been done through Bytes Systems Integration. The rationale for the deal

Absa reveals banking app plans

Absa will make available an online banking application for smartphones either in the fourth quarter of 2012 or in the first quarter of 2013, Christo Vrey, the bank’s managing executive for digital channels, has revealed in an interview with TechCentral. “There is a chance for the fourth quarter

FBI: Didata’s gentle giant

At 7ft tall, Mayan Mathen is easy to spot in a crowd. It also means strangers find him a bit of a novelty and he says he’s often asked to be in pictures with tourists, rather than take pictures of them, when he’s travelling. Mathen does a great deal of travel in his role as chief technology officer