Daily Archives: March 19, 2012

Behind Monday’s headlines of Misys’s board accepting a £1.27bn cash bid from Vista Equity Partners, the perennial takeover target also updated the market on recent trading – and the figures were not exactly glowing.

Third-quarter revenues fell by 12 per cent year-on-year fall to £89m, which the London-based group attributed to customers procrastinating over software licence purchases. Read more

Chris Nuttall

Apple has announced plans to pay a dividend and institute a share buyback  programme as it deals with a cash mountain that has grown to more than $100bn.

The maker of the iPhone and iPad said it would begin with a quarterly dividend of $2.65 a share, sometime in its fiscal fourth quarter, which begins on July 1.  A $10bn share buyback would begin in its next fiscal year, starting September 30 and be executed over three years.

Apple held a conference call to discuss the moves (it also revealed a record weekend of sales for the new iPad). Our live blog on that, and the reaction to it, is after the jump. Read more

Tim Bradshaw

PeerIndex, Europe’s answer to Klout, has raised a Series A round of funding to build out its “social influence marketing” platform.

Investors in the $3m (£1.9m) financing include specialist firms Anthemis Group and Antrak Capital and a handful of individual angels, including Tom Glocer, former chief executive of Thomson Reuters, and Sherry Coutu, stalwart of European tech firms including Lovefilm and Artfinder, and a LinkedIn board member. Read more