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Morning round up | Published on 19/07/10
WIN receives indicative offer from ECI/MIG, and in-line updates from Kewill and Brady
The future of mobile content and services provider WIN has taken another turn, with an indicative offer of 150p cash from private equity house ECI Partners and industry peer Mobile Interactive Group (MIG) trumping the agreed offer from IMImobile by 6.4%. MIG is a well regarded private UK based company, with a range of mobile activities (Premium Plus readers see our initiation note on MIG here). Despite WIN’s rejection of the offer, the bid now looks wide open. Read our thoughts on the bid in Newswire Plus.
Kewill’s in-line update; no new news on bid
Trade and logistics software vendor Kewill has said that trading has been in line with expectations since March, with a solid pipeline but also longer sales cycles due to the economic environment, as previously highlighted. Following the June acquisition of Minihouse (Premium Plus readers see here), the company says that it remains on the lookout for further acquisitions opportunities to expand geographic and/or product coverage. Finally, Kewill remains in bid discussions; if a bid does materialise (and that's an increasingly big if), our money is still on a strategic rather than private equity buyer. Read more in Newswire Plus.
Brady seeing benefit from Viveo acquisition
Brady, which supplies software to the commodities trading sector, has issued an ‘in-line’ trading statement, with growth of approximately 20% in both revenues and operating profits. The recent acquisition of Viveo (Premium Plus readers, see here) is described as trading ahead of expectations, having secured three new, substantial licence deals, and with cross selling opportunities becoming evident. Cash at period end was £3.2m, down from £5.9m, presumably partly due to the £2.3m spent on Viveo. Read more in Newswire Plus.
More recent round-ups
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- Misys to buy Sophis and we review a strong quarter for UK mobile operators
- Cisco stock slips on weak outlook and BT raises guidance after good Q2
- Daisy consolidates rival consolidator SpiriTel, whilst Micro Focus suffers mixed trading
- A brighter future for Vodafone and Bach to leave Kewill
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- 3UK’s £2,077 net debt per subscriber and Anite’s continuing long term evolution
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- More details on 1st The Exchange and how falling costs are driving femtocell and m2m deployment
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- Computacenter confirms project rebound and we opine on mobile M&A
- Hello to Airwave and Amor and goodbye to WIN
- Growing momentum for Monitise and Interxion posts strong Q2
- Redstone’s fresh start and Clinical Solutions enjoys a better year
- What we missed in the last two weeks
- Logica pleases market with dividend move and 3UK still going nowhere
- Spirent results support Anite’s confidence and OLM looking for a stronger 2010
- Azzurri now focussed on growth and restructuring starts to bear fruit for Maxima
- Emphatic return to growth for SDL and they think it may all be over for WIN
- Fidessa pegged back by uncertain market and Telecity goes from strength to strength
- Momentum builds for Digital Barriers and Talk Talk suffers from lack of TV
- Global results season in full swing and BT’s ‘business as usual’ start to the year
- Virgin Media has best Q2 for years, and Nick Bray turns up at Sophos
- Mixed performance from Misys and we detect rumblings on the Sage board
- RM provides detail on impact of BSF cuts and the battle for WIN takes another turn
- Contrasting fortunes for Vodafone, Microsoft and Nokia, and Digital Barriers’ 2nd Buy
- Ofcom’s pole dancing and Autonomy’s pleasing cash conversion
- Apple shrugs off PR disaster and Promethean splashes some IPO cash
- CWW waylaid by public sector cuts, and Mobile peer group report published
- WIN receives indicative offer from ECI/MIG, and in-line updates from Kewill and Brady
- Vtesse’s broad ambitions and Sage CEO speculation proves true
- NTT bids for Dimension Data and Sage speculation
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- Monitise and Ubiquisys raise funds and Computacenter updates
- Solution1 IPO plans well advanced and Avanti taps investors for another £70m
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