TBT CITY NEWS
TOP VAR
ACQUISITIONS
NOUVEAU
SOLUTIONS
Axians owner Vinci Energies
has picked up Nouveau
Solutions for an undisclosed
sum. Vinci Energies will use
the deal to boost capabilities
of its UK networking
specialist arm, Axians ICT.
MCSA
Park Place Technologies
has acquired Buckinghambased
MCSA. MCSA
reported sales of £39.4m
for the year ending 31
March 2018. Following the
acquisition Park Place will
be the largest third party
maintenance provider in
Europe.
METROPOLITAN
NETWORKS
Network Utilities has
acquired Metropolitan
Networks which has added
an international capability to
the networking VAR for the
first time. Offices abroad are
located in Tobago, Lagos and
Saudi Arabia.
AVAYA
Shares in Avaya Holdings
Corp grew over 35 per
cent following reports of a
proposed buy out bid from
an unnamed private equity
firm. According to Reuters,
the vendor received an
offer of $5 billion (£3.78Bn)
and sources say that the
offer values the company
at more than $20 (£15.12)
per share.
10 www.technologybusinesstoday.com April
2019 OPPORTUNITY KNOCKS AS
CONFIDENCE FALLS
COMING to the end of the financial
year is always a stressful time, this year
we have had the added Brexit fallout
which people continually cite as a reason
for any potential poor performance.
The Treasury has announced “the end
of austerity” as public finances have
recovered over the last year but is
already warning departments not to
expect more money straight away. Sales
of new cars has fallen as consumers shun
diesel vehicles and sit
on their cash during
these uncertain times.
Small businesses are
pausing recruitment plans
and putting off investments
according to the Federation of Small
Business (FSB). The FSB revealed that
37% of small businesses say revenues
are down over the first three months of
the year. What does this mean for the
Channel? Things could
slow down for some but
I still believe businesses
will look to innovate and
cost-cut through technology
acquisition. If you are serving
your customers in the right way there is
an opportunity for all.
ELLIOT MULLEY
GOODBARNE,
ASSISTANT EDITOR
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COMMENT
BEST PRIME BROKER
COWEN Prime Services has been
voted “Best Boutique Prime Broker”
at the 2019 HFM European Hedge
Fund Services Awards. The Hedge
Fund Services’ Awards honour
providers of services and solutions
to the hedge fund sector that have
demonstrated exceptional innovation,
customer service and performance
over the past 12 months.
Jack Seibald, Managing Director
and Global Co-Head, Prime
Services said, “We are extremely
proud of the entire global prime
brokerage team, and particularly
our colleagues in our UK operation
who’ve won this award a second
consecutive time. As the hedge
fund industry continues to evolve
and portfolio managers seek
service providers who can deliver
the solutions they need to operate
more efficiently, Cowen has been
able to enhance the services we
offer clients and help them to
outperform.”
NEW OKTA
INVESTMENT FUND
OKTA has launched a new investment
fund called Okta Ventures, the $50
million investment fund will invest in
and nurture cutting edge technologies
aimed at solving challenges across
the modern technology landscape,
focusing specifically on identity,
security, and privacy. In addition
to announcing the creation of the
fund, Okta is also announcing its
first investment in Trusted Key, a
Blockchain-based digital identity
company.
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