Feeds

Systems Union shares jump

Recent movements prompt statement

Providing a secure and efficient Helpdesk

Systems Union Group has confirmed it is in talks which could lead to its sale.

The finance software company's shares shot up this morning from 180p to 225p by lunchtime.

In response, SUG issued a statement to the Regulatory News Service, which said: "The board of Systems Union Group plc (the 'company') notes the recent movement in the company's share price.

As part of its strategic growth objectives and in the background of ongoing consolidation in the Enterprise Resource Planning and Corporate Performance Management marketplace, the board confirms that it is currently holding very early stage discussions which may or may not lead to an offer being made for the company. A further announcement will be made in due course."

Read the whole statement here.

Last month Systems Union Group posted results for the year ended 31 December 2005. It made a profit before tax of £8.2m on revenue of £113.4m. ®

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.