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CSC MAKES OFFER FOR UXC
- Tuesday, 06 October 2015
IT giant CSC has offered to buy Australian technology company UXC. The offer is for $1.28 per share for UXC, whose UXC Eclipse is its Dynamics reselling arm. That would appear to be about $305 million in cash for all shares, based on the shares outstanding when the UXC year ended on June 30. CSC had $11.7 billion in revenue for the year ended July 3 and UXC Eclipse had $125 million in revenue for its last full year, so it would be a bit swallowed up.
XERO TOPS 100K U.K. SUBSCRIBERS
- Friday, 02 October 2015
New Zealand-based Xero says it now has 100,000 subscribers for its cloud-based accounting software in the United Kingdom. In a prepared statement, CEO Rod Drury said this week the company had 30,000 subscribers in that country two years ago.
The most recent global figure was 540,000, a number released this summer. In August, Xero said it had 250,000 subscribers in Australia and 150,000 in New Zealand.
SAGE SIGNS PWC UK TO SUPPORT LIVE
- Friday, 02 October 2015
The Sage Group has entered an alliance with PWC to support its new cloud-based Sage Live by combining the Sage product with My Financepartner from PWC U.K. The press release announcing this deal suggests there's lots more to come as it says the launch will initially be in the United Kingdom. MyFinancepartner is described as providing an implementation service to SMBs and also a service that combines accounting and compliance with business advice.
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