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Sony DADC Austria AG Tightens Production Program
The decline in the production program of optical storage media (CDs and DVDs) forces Sony DADC Austria to terminate and redeploy towards BioSciences and digital services.
February 22, 2022
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Indian Edtech Giant Byju's Acquires Austrian Math App GeoGebra in €100 Million Deal
India's most valuable startup Byju's is buying Linz-based Geogebra, it has now been announced. Neither company disclosed the purchase price, but insiders say the deal is worth about 100 million euros and includes both cash and stock.
February 21, 2022
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TTTech Auto Becomes USD-Unicorn in Automotive Technology
By raising an additional EUR 250 million from Aptiv and EUR 50 million from Audi in its latest funding round, TTTech Auto will be enabled to expand its product portfolio for automotive manufacturers and technology partners, to expand internationally in key regions and to extend its capabilities through strategic M&A and product investments.
February 10, 2022
Huawei's 5G Network Technology in Austria: Systemic Rival at the Gate to Europe
While all eyes in Europe are focused on the Russia-Ukraine side conflict, the true war is raging elsewhere, namely in network technology between China and the West. This technology war is about nothing less than the global security-technological leadership role of the next decades, and thus about the decisive question of whether the Western democratic world order can assert itself or whether the Chinese authoritarian system with totalitarian surveillance will prevail. Due to its relative weakness, Austria plays an important and central key role in this process. While most Western countries are increasingly and decidedly resisting the deployment of the 5G network infrastructure largely supplied by Huawei and ZTE - which are intricately owned and substantially controlled by the Chinese Communist Party - there are quite a few telecom providers in Austria who are using and even expanding this technology, primarily because their economic survival is already dependent on this technology, and secondly because the Austrian state is largely toothless and ignorant in the face of the push by the Chinese equipment suppliers and their lobbyists.
February 9, 2022 · Updated: February 9, 2022; 21:56
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Vienna is Becoming the Start-up Capital of Austria
Vienna's start-ups generated an added value of 3.9 billion euros in 2021, making it the most popular place in Austria for start-ups. Read more about the start-up environment in Vienna and what it has done for the Austrian economy.
February 9, 2022
Controversial Chinese 5G Network Operator Huawei Appointed New Austria CEO
The Mainland Chinese Harvey Zhang (38) has been appointed CEO of Huawei Technologies Austria, effective immediately. He replaces Jackie Zhang (38), who was appointed as the new Austria boss just a few months ago.
December 1, 2021
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Hedy Lamarr Award 2021 for Outstanding Achievements by Women in Information Technology
The City of Vienna announced the winner of the 2021 Hedy Lamarr Award for outstanding achievements by women in information technology. Find out who won this year for her work on innovative learning methods and immersive experiences.
October 25, 2021
Swedish Digital Platform Sellpy Launches in Austria
The e-commerce platform for selling second-hand fashion has now also been launched in Austria, following Sweden, the Netherlands and Germany. As a result, Sellpy, which is part of the H&M Group, is now active in four countries.
February 3, 2021
Coronavirus Tracing Apps: What is the EC's Position on this?
The European Commission has published a guidance on the development of new apps that support the fight against coronavirus in relation to data protection and intends to ensure full data protection standards of apps fighting the pandemic.
April 20, 2020
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Digital Tax: Google Charges Customers
The search engine operator Google wants to collect the new digital tax, which has been levied in Austria since January on income from online advertising by international corporations, in its entirety from its advertising customers.
January 31, 2020
Huawei Austria Sponsors Austrian Chinese Business Association
The Chinese technology group Huawei and the ACBA Austrian Chinese Business Association have sealed their cooperation at an evening event entitled "Huawei - Inside & Outside" at the Grand Hotel Vienna. Huawei is disputed internationally because of its 5G wireless network technology and its close connection to the Chinese government. Huawei maintains good business relations with the largest carriers in Austria, A1 Telekom Austria (America Movil), Hutchison Whampoa (Drei Austria) and T-Mobile Austria and supplies them with expensive 5G network equipment. In addition, Huawei will open its first flagship store outside China in downtown Vienna in the summer of 2019.
February 27, 2019
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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