Feeds

Tills ring at Torex Retail

General Atlantic goes on shopping spree

Secure remote control for conventional and virtual desktops

A one-third stake in UK software firm Torex Retail has been sold to investment firm General Atlantic for an undisclosed sum.

Torex, which makes software for retail systems such as check-outs and tills, was rescued from administration in June by private equity firm Cerberus in a £204.4m deal which angered shareholders.

Shares in the firm had been suspended in January this year following an investigation by the Serious Fraud Office into allegations of mis-stated revenues for 2006.

General Atlantic holds capital in the region of $15bn and owns stakes in a large portfolio of companies including British healthcare software firm iSoft.

Torex Retail, which employs 2,100 staff across 19 countries, was spun out of the merger of iSoft and the original Torex in 2004.

As part of the deal Marc McMorris and Florian Wendelstadt will join the Torex board from General Atlantic. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Not appy with your Chromebook? Well now it can run Android apps
Google offers beta of tricky OS-inside-OS tech
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
NHS grows a NoSQL backbone and rips out its Oracle Spine
Open source? In the government? Ha ha! What, wait ...?
Google extends app refund window to two hours
You now have 120 minutes to finish that game instead of 15
Intel: Hey, enterprises, drop everything and DO HADOOP
Big Data analytics projected to run on more servers than any other app
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.