Software Industry
Best Gaming Technology Acquired by Rival Playtech
Vienna-based maker of software for self-service betting terminals Best Gaming Technology (BGT) has been acquired by UK gambling software group Playtech for €138m. Playtech holds the option to purchase the remaining shares for up to €55m from Armin Sageder, the company’s founder and chief executive.
July 14, 2016
"Teletrade" is not "Teletrader"
TeleTrade is an online broker providing access to trade across a range of financial markets. TeleTrade has recently opened an office at the Regus Business Center at Parkring 10 in Vienna's first district. According to the company's website, the TeleTrade Group has over 200 offices in 30 countries and more than 3000 employees.
January 20, 2015
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
New Management for Microsoft Austria
With Georg Obermeier, the Austrian subsidiary of the U.S. software group has a new executive.
January 14, 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
Ambitious Restructuring Plans for S&T
After serious troubles in 2010 and 2011, the Viennese software consulter should leave the red zone next year. The new CEO, Hannes Niederhauser, is cautiously optimistic.
December 5, 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
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
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
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
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
update software AG Returns to Profitability
The Austrian software company, which is listed on the Frankfurt Stock Exchange, is on its way back to black figures. Sales went up 29.2% in the second quarter, EBIT improved to positive earnings of € 0.2m.
July 20, 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
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
Fabasoft Planning Capital Increase
The Austrian software company prepares for a capital increase by € 2.5m.
June 3, 2011
TeleTrader in the Red
TeleTrader increases its sales again by around 5.7%, but net earnings are impacted negatively by investments in data and infrastructure with € -0.155m.
May 12, 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
S&T Announces Group Results - Down in the Red
Consolidated revenues of the S&T Group in 2010 amounted to € 351 m, down from € 385 m in the previous year.
April 30, 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
According to its Employees, S&T is “Ripe for Bankruptcy"
The leadership of the troubled Viennese IT company is trying to hide an impending bankruptcy according to the company’s employees.
April 27, 2011
Losses for update software AG
The Austrian software company, which is listed on the Frankfurt Stock Exchange, records declining sales as well as operating losses.
April 19, 2011
Substantial Financing Needs for S&T Again
The Austrian software company still suffers financial turmoil. New funds for € 3.5m are urgently required.
April 12, 2011
S&T Reduces Jobs
The ailing Austrian software company has to reduce a quarter of its staff in the current year. There are also problems in Germany and Switzerland.
April 7, 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
Škoda Increases Efficiency with S&T
The Austrian software company concluded a new IT-system for the Czech car manufacturer.
March 11, 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
Still Losses at update software AG
update software AG, an Austrian provider of CRM solutions listed on the Frankfurt Stock Exchange, has released its preliminary results for 2010.
January 28, 2011
New Board Member at S&T
The Austrian IT-consulter S&T appoints Michael Lanik as Chief Restructuring Officer.
January 26, 2011
Imtech Austria has Expansion Plans
The subsidiary of the Dutch Imtech Corporation, located in Linz, wishes to get into Eastern Europe and achieve stronger growth.
January 12, 2011
Splitting-off at IT Service Provider Beko
The shareholders of the Austrian Beko Holding are about to decide a splitting-off of Cross Informatik GmbH. Besides, ownership structure of Beko will change.
December 31, 2010
Profit Warning at S&T
The Q4 data of the Austrian software consulting company show negative operational results.
December 31, 2010
Brain Force Reports Positive Turnaround
Brain Force Holding AG, an Austrian IT services provider, announced its business results for the 2009/10 fiscal year.
December 21, 2010
Beko: Sales Drop by 15%
The Austrian IT company Beko Holding AG has to accept sensitive decreases in sales and profits.
December 16, 2010
Failure of Austria's Software Industry
The President of the VÖSI, Peter Kotauczek, draws a sobering summary of the efforts of domestic software manufacturers.
December 6, 2010
Fabasoft in the Red
The Austrian software producer experiences slightly falling sales. Operating results are negative.
December 1, 2010
Siemens Opens Multimedia Center in Vienna
Vienna gets new headquarters. Siemens inaugurates a "World Competence Center" for multimedia with its own research areas.
November 25, 2010
Fabasoft Announces Figures for the First Half of 2010
Fabasoft AG announces preliminary Group figures for the first half of the fiscal year 2010/2011. Slight losses are expected.
November 12, 2010
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