Powertech sells stake in Tridonic

Powertech, a wholly owned subsidiary of the JSE-listed Altron group, has sold its 50% stake in Tridonic SA to Tridonic, Austria. The transaction will take effect on 1 February 2014. Tridonic SA had been a joint venture between Powertech and Tridonic Austria since...

Interactive Intelligence releases results

Interactive Intelligence, a global provider of software and services designed to improve the customer experience, has announced financial results for the fourth quarter and full year ended 31 December, 2013. “2013 was an excellent year for Interactive intelligence,”...

T-Systems to acquire Intervate

T-Systems in South Africa is to acquire Intervate, a specialist provider of enterprise information management (EIM) solutions that assist organisations with improving productivity and collaboration, reducing costs and increasing compliancy. With the acquisition of...

Investec buys, warehouses MBT shares for BEE partner

Investec Private Equity, the major shareholder in MB Technologies, has purchased the 55% stake previously held by Royal Bafokeng Holdings with effect from 31 December 2013. The shares have been purchased on a warehousing basis and MB Technologies and its shareholder...

Revenue growth for Citrix Q4, year

Citrix Systems has reported financial results for the fourth quarter and fiscal year ended 31 December 2013. For the fourth quarter of fiscal year 2013, Citrix achieved revenue of $802-million, compared to $740-million in the fourth quarter of fiscal year 2012,...

Xerox builds on 2013 patent tally

Xerox received 1 168 US patents in 2013, making it one of the world’s top innovative companies and adding to its portfolio of over 12 100 active US patents that help businesses and organizations simplify work. IFI Claims, a research company that compiles an annual...