Bull flogs Irish reseller to management
Bull has sold its Irish reseller subsidiary, Cara, to a management team backed by Hibernia Capital Partners.
Once upon a time, Cara was Ireland's biggest corporate reseller. Then it got bought by Bull, and now it's and "IT solutions company which, in the Irish market specialises in securely transforming an organisation’s IT systems and communications infrastructure to enable it to compete in today’s net.economy, and in the UK market, in payroll bureau services."
Bull continues to operate in Ireland under its own brand name.
Getronics, the Dutch-owned computer services giant saw profits fall 11 per cent from $177m in 1999 to $149m in 2000. This was better than expected by most analysts. The company predicts modest growth this year and it says margins will fall. ®