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Information Technology

S&T Buys 48% Stake of Russia's Affair OOO for EUR 5.87 Million

By acquiring a huge stake in the Russian energy and software development company, Linz based S&T AG substantially expands its appliances segment and smart energy portfolio. Affair OOO group employs 600 employees; its annual revenues amount to EUR 70 million. S&T's consolidated revenue is set to rise in 2015 to EUR 440 million.

June 6, 2014

Atos Keeps Vienna as CEE Headquarters

After the takeover of Siemens IT solutions (SIS), the French IT service provider keeps Vienna as headquarters for Central and Eastern Europe.

February 27, 2012

CSC Establishes its CEE Headquarters in Vienna

The U.S. IT service supplier CSC upgrades the Viennese subsidiary as regional headquarters for ten countries.

February 22, 2012

Beko Shows Good Performance

The Austrian IT company could increase sales by 6.2% to € 13.8m. Operating profits were stable.

February 21, 2012

Brain Force Records Losses Again

In spite of rising sales, the Austrian IT company registers slight losses. Brain Force justifies itself with the price pressure and sales activities.

February 16, 2012

Rising Profits and Sales at Fabasoft

The Austrian software producer announces preliminary figures for the first nine months of the fiscal year 2011/2012.

February 13, 2012

Brain Force Appoints New Chief Financial Officer

Hannes Griesser succeeds Thomas Melzer as CFO of the Austrian software company as of 1 January.

December 23, 2011

Brain Force Achieves Operative Turnaround

The Austrian software company reported growth in revenues of 2% in 2010/11. Profit after tax was down to € -1.37m.

December 21, 2011

S&T Aims to Achieve Turnaround in 2012

The Austrian information technology service provider wants to return to the profit zone. In 2012, turnover should reach € 220m at least.

December 14, 2011

Quanmax Increases Share Capital

The Austrian distributor of IT products will use the proceeds for the acquisition of S&T. The management and major core shareholders guarantee 90% of the capital increase.

December 1, 2011

S&T Realizes Capital Increase and Investor Participation

Quanmax AG and grosso holding are new majority shareholders of the Austrian IT consulting company, which is planning to return to profitability in three phases.

November 24, 2011

Brain Force Announces Turnaround

The Austrian software engineering company reported positive earnings. Revenues were up by 2.0%.

November 15, 2011

Fabasoft in the Black Zone

The Austrian software manufacturer reports improving sales and earning figures. Cash flow turned into positive.

November 12, 2011

Austrian IT Service Provider Expands to Canada

The IT-service company Navax has ambitious growth plans. Expansion should not only take place in Austria, but also in Canada, Switzerland and Germany.

October 31, 2011

Quanmax Raises Targets for 2011

The Austrian distributor of IT products benefits from the acquisition of S&T. Target turnover for the fiscal year has been revised to € 150m.

October 28, 2011

S&T Shareholders Approve Capital Increase

Recapitalization of the Austrian IT consulting company authorized in today’s Extraordinary General Meeting.

October 25, 2011

Strong Rise in Sales for austriamicrosystems

Austriamicrosystems, a manufacturer of ICs for communications, industry & medical and automotive applications, reports revenue and earnings growth for the third quarter of 2011.

October 24, 2011

Negative Results for S&T

The Austrian IT service provider S&T had to report losses in the third quarter of 2011. Sales were below expectations.

October 22, 2011

Update Software Reports Positive Earnings

The Austrian software provider update software, which is listed at Frankfurt Stock Exchange, recorded a rise of 28% in sales. EBIT turned into the black zone.

October 19, 2011

Online Shopping is Booming in Austria

45% of the Austrian population already practiced online shopping. The share of enterprises using mobile broadband connections rose significantly against 2010.

October 18, 2011

Upper Austria Waits for Google

The Austrian province already has provided the infrastructure for the U.S. internet service provider google. But construction works for the data processing center did not began until now.

October 8, 2011

New Managing Director for S&T Austria

The Austrian IT service provider successfully concludes its restructuring phase and appoints Richard Neuwirth as Managing Director.

October 6, 2011

Funding Situation for S&T Secured

The Austrian IT-company could successfully conclude an agreement on capital increase and debt relief of banks.

October 4, 2011

Dutch Imtech Acquires Austrian Comnet

The Dutch Imtech (technical services provider in Europe) announces that it acquires the Austrian ICT company Comnet. This acquisition will strengthen Imtech’s position in the Austrian ICT market.

October 3, 2011

Austria Catches Up as IT Business Location

According to the Economist Intelligence Unit, Austria could improve its position as IT business location and went from rank 22 to rank 17.

September 27, 2011

S&T Signs Partnership with Quanmax

A Term sheet on investor participation between the two Austrian IT-companies has been signed.

September 5, 2011

Fabasoft: Decline in EBIT despite Sales Growth

The Austrian software company recorded mixed results in the first quarter of its fiscal year. Revenue increased by 4.2%, EBIT turned negative and amounted to € -152,000.

August 31, 2011

Declining Revenue for Brain Force

The Austrian IT service provider recorded a drop in revenue of 3% in the third quarter of the fiscal year. Operating EBIT turned positive from € -0.41m to € 0.35m.

August 18, 2011

S&T Deeper in the Red

The IT service provider recorded higher losses in the first six months of 2011. The Austrian workforce has been reduced by one third since October.

August 10, 2011

austriamicrosystems with Improved Results in the First Half of 2011

The Austrian microelectronics and semiconductor manufacturer increased revenues by 18%. EBIT went up from € 8.4m to € 15.8m.

July 25, 2011

Austrian dynaTrace Acquired by US Company

The global technology leader in APM solutions has been taken over by American Compuware. The transaction price amounts to $ 256m.

July 11, 2011

austriamicrosystems Selected by Google

A module developed by the Austrian microelectronics and semiconductor manufacturer is on Google’s new Android Accessory Development Kit reference design.

July 7, 2011

S&T: Operating Loss Widened

The ailing Austrian IT service provider has not yet achieved the turnaround. Half of the company’s share capital has already been used up.

June 30, 2011

S&T Wins Contract in Serbia

The Austrian IT service provider will be responsible for the implementation of the largest SAP project in Serbia in the last years.

June 28, 2011

ACP Says No to IPO

The Viennese IT service provider has ruled out an IPO for the next two to three years as the market environment is “not suitable for medium-sized companies”.

June 27, 2011

austriamicrosystems Acquires US-based Company

The Styrian microelectronics and semiconductor manufacturer is going to buy 100% of the shares in an American light sensor supplier for $ 320m (€ 220m).

June 16, 2011

Fabasoft Planning Capital Increase

The Austrian software company prepares for a capital increase by € 2.5m.

June 3, 2011

The Austrian IT service company could raise its operating profits. Revenues declined.

The Austrian IT service company could raise its operating profits. Revenues declined.

May 13, 2011

Oracle Partners with Linz University

The U.S. software giant opens a research laboratory at the Johannes Kepler University in Linz.

May 10, 2011

Revenue Growth by 30% for Quanmax

In the first quarter 2011, the Austrian IT company Quanmax could improve its results significantly.

April 28, 2011

Good Prospects for Quanmax

The Austrian distributor of IT products could increase its profit. This year, the sales target is € 100m for the first time.

April 1, 2011

Beko Still Reports Losses

Despite a strong increase in sales, the Austrian ITservice provider is still in the red.

February 26, 2011

S&T Restructuring: Agreement with Banks Concluded

Detailed negotiations with banks were successfully concluded by the Austrian software company.

February 23, 2011

Still Losses at Brain Force

The Austrian IT provider announces massively declining operating results in the first quarter 2010/11. Sales decreased by 19%.

February 17, 2011

Fabasoft: Decrease in Sales and EBIT

The Austrian Fabasoft AG announces preliminary figures for the first nine months of the fiscal year 2010/2011

February 12, 2011

Quanmax AG Achieves Record Sales

Sales revenues of the Austrian notebook manufacturer amounted to € 78m in 2010. For 2011, the company expects € 100m.

February 8, 2011

Kapsch and Google Enterprise Enter into a Partnership

Google Enterprise IT provider and Austria's leading ICT service-partner Kapsch BusinessCom will work together in future in cloud computing.

February 3, 2011

Refunding at S&T Accepted by Banks

The Austrian software company could close a “refinancing package” with its creditors. S&T sells subsidiaries in Ukraine and Moldova.

February 1, 2011

New Board Member at S&T

The Austrian IT-consulter S&T appoints Michael Lanik as Chief Restructuring Officer.

January 26, 2011

"Conversations about the Future" between Austrian and Canadian IT companies

The Austrian IT industry, motivated by Canadian success models, intends to strengthen its role in the domestic economy significantly.

January 22, 2011
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