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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