After the excitement of Facebook’s $104bn IPO and the subsequent fall in its shares, something more modest is coming onto London’s alternative investment market.
Incadea, an Austrian company that provides software for BMW and other car dealerships, will raise around £17m on Friday, in a stock market float expected to value the company at £47m.
It’s a lot smaller than Facebook, but it is a rare technology listing in London, where the tech IPO market has been considered closed for a long time. Read more
The deadline to apply for a new top level domain name has been extended by just over a week to Friday, April 20th after the Internet Corporation for Assigned Names and Numbers (Icann) was hit by software problems.
The deadline to apply for new, generic internet suffixes such as .london and .nyc was meant to close at midnight on Thursday, but California-based Icann said there had been technical issues with the software handling applications. Read more
While cloud computing promises to simplify our lives by keeping our information in one readily accessible place online, it fails to deliver when clouds are scattered by users relying on too many different apps and services.
You may have photos spread across Picasa, Flickr, Eye-Fi and Facebook and documents held on different services as well. But Box has announced an enterprise-focused solution on Wednesday with its OneCloud, while Quickoffice is tackling the same problem from a different direction with Connect. Read more
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
It has taken Research in Motion 10 months to update the software running its PlayBook tablet and deliver features like native email that should have been there to start with.
Aside from email, RIM’s PlayBook 2.0 software, released as a free upgrade for users today, adds features including support for Android apps in a belated effort to address weaknesses that have attracted widespread criticism and rendered the PlayBook an afterthought in the fast growing PC tablet market. Read more
BNP Paribas has launched an iPad app in the hope that hedge fund managers will want to check out their stock holdings on the move, writes Dan McCrum.
“You can get off an airplane and in one minute see everything that’s happening in your portfolio,” says Sam Hocking, head of prime brokerage sales for the French Bank. Read more