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Month: June 2007

Causeway Technologies # 3 – Register for forthcoming trade shows

Just to let you know, that Causeway Technologies will be visiting London, Birmingham and Manchester in October ’07. If you operate within the UK construction sector, this is one of the best opportunities to meet a leading software house with deep knowledge of the UK construction industry. Causeway Technologies’ key products and solutions include: project accounting, estimating, enterprise content management, and document exchanges (Tradex platform that I am involved with). Who knows, you might even see me at the Manchester event – bit too early to confirm! If you are interested in attending, either contact me or Causeway Technologies marketing manager here. 09 Oct  2007 – Wembley…

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Burns e-Commerce #3 – Acquistions – Leading wealth management solutions company acquired

According to corporate website, Burns e-Commerce has acquired Investmaster Group Ltd from Canadian investment management company AGF Management Ltd for an undisclosed sum.  According to Peter Little, CEO of Burns: “The synergy between the two companies is technology based. Both organisations support and assist companies operating in environments that are manually intensive, paper-based and heavily regulated. We see great opportunity to combine the expertise and technology in these areas to bring new innovation to the wealth management market.” I don’t get it! Wealth management, and document exchanges – I cannot see a synergy other than the transactions! First thing to do is…

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Albany Software #1 – Brief introduction

  Albany Software has been operating since 1989, and in 2005, the company reported revenues of £7.593 million and headcount of 93 people. Albany has gone through three name changes in the past, these being: Goodwing Computers -> Halon Computers (1989) -> Albany Computers (1989) -> Albany Software (1994). The company is 100% owned by Adrian Stafford-Jones (based on 2004 accounts), who became a Director of the company in 1991. Unfortunately, Companies House is now closed (i.e. past midnight), so I cannot purchase the last set of accounts, and these figures may require an update. Albany Software’s product portfolio can…

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American Express # 2 – Management Change – Anre Williams and Valerie Soranno Keating appointed

  Anre Williams (previously, Executive Vice President of US Commercial Cards) will become head of global commercial cards at American Express, while Valerie Soranno Keating (previously, President of Travelers Cheques and Prepaid Services) will become executive vice president of Global Marketing and Source-to-Settle. According to the press release: “Anré and Val are two of the company’s most seasoned and accomplished executives. They each have a keen focus on the customer and have demonstrated their commitment to making their teams successful,” said Ed Gilligan, Group President, American Express International and Global Corporate Services. “Val and Anré are assuming leadership of a…

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JP Morgan Chase # 1 – Management Change – Gordon Smith appointed

  Gordan Smith, President of American Express company’s Global Commercial Card Group resigns from the company and joins JP Morgan Chase to head company’s Card Services group. Smith succeeds Richard Srednicki, who is retiring from JP Morgan Chase. Smith will report to Jamie Dimon, Chairman and CEO of JP Morgan Chase in addition to joining the Operating Committee. According to the press release: “We’re very pleased that Gordon Smith will be leading our Card effort. Gordon is a world-class leader who is highly experienced and respected in the industry,” Mr. Dimon said. “We look forward to working with him as…

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Readsoft #1 – Quick analysis of finances

ReadSoft UK, an established player of document capture and accounts payable automation employs approximately 31 people and reported revenues of £3.876m in 2005, a decline of 29% from £5.475m in 2004. Increased competition was given as a reason for the revenue decline. Since then changes have been brought to senior management and sales force has been realigned. In terms of profitability, company reported operating loss of £433k (2004: £609k positive), net loss of £301k (2004: £367k positive) and retained profit of £973k (2004: £1,274). However, during the period, highest paid director’s income increased from £147,000 to £177,000 with pension contributions remaining…

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Accountis #5 – Round up of recent news

According to Susan Davies of Accountis, Brian Thumwood, e-billing Programme Manager Europe of DHL will deliver a speech titled “Delivering e-invoicing across europe” at the ExPP Summit on 11th September, covering  DHL, background, strategy and approach. Current status and plans. Issues faced and how these have been overcome. Opportunities. As far as I understand, DHL is Accountis’ most important client. DHL is expected to help Accountis become an European player. Speech will no doubt be interesting, and I for one, look forward to hearing it. Accountis has also announced that London Southend Airport has become the latest customer to join Accountis BACSActive-IP…

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NW StartUp 2.0 – 3rd Event

As planned, NW StartUp 2.0 event took place on 14th June 2007 at KPMG Manchester. Both Sam Sethi and Alain Falys were unable to attend due to personal and business reasons respectively. This did not have a significant impact on the outcome of the event, as Ajaz Ahmed and David Ingram easily filled the vacuum created by the two missing speakers. This also meant an early night for David Thomas, who was ready to party with Sam till the morning. 44 people registered to attend, including the speakers and organisers. On the day, we had 25 present, a mere 57% of those…

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