Feeds

UK DEC dealers merge

Will float within three to five years

  • alert
  • submit to reddit

Mobile application security vulnerability report

Keltec and Progress, two leading UK Digital dealers, are merging operations and moving towards a flotation within three to five years. They said that no redundancies are planned. Bracknell-based Keltec reported £23 million turnover last year to Progress’ £11 million, and despite talk of merging, Keltec is taking the upper hand and it is Keltec senior management that will run the show at Keltec Progress. Chris Davies, Progress founder and managing director will handle operations and services, while Keltec’s chairman, Brian Griffiths, and managing director John Fison, retain their current positions and titles, and Fison is assuming overall responsibility for sales, marketing and personnel. Fison said the merger made sense for a number of reasons. The companies operate in complementary markets and both wanted to create a larger company that could float relatively quickly and compete more effectively with big dealers. He added: "We wanted to develop… outside the City [and Progress'] strengths are process manufacturing, telecomms, education and research.” Progress employees are relocating from Chesham, Buckinghamshire to Bracknell and from Burton in the Midlands to Keltec’s new premises in Birmingham. All staff will be retained and Keltec Progress is launching an employee share incentive scheme to attract staff. Keltec’s business was exclusively DEC-based until early October when it became a Sun partner, a reaction to Compaq’s acquisition of DEC, which Fison acknowldged was double-edged since it ushered in new opportunities and threats from competitors like Computacenter. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.