Feeds

Jumbo quits on Manaccom

Another victim of Australia’s online shopping spree?

Top 5 reasons to deploy VMware with Tegile

On 30 January, listed online lottery operator Jumbo Interactive announced to the Australian Stock Exchange that it had appointed Delloite as administrator of its software distribution subsidiary Manaccom Pty Ltd.

The company that created the OzLotteries Website pulled the plug on the disto after mounting trading losses, which combined with extraordinary items such as write-downs, were weighing down the parent. In its 2010 accounts, Jumbo listed a total loss for its software distribution division of $11.7 million, forming most of the group loss of $7.3 million.

The group had acquired Manaccom in 2007 in a diversification which also included the acquisition of accounting software developer Star Systems, sold in November for $1.7 million.

Manaccom’s administration is attributed to poor sales conditions for over-the-counter software.

Late last year, the company – formerly trading in its entirety under the Manaccom banner – announced a restructure in which Manaccom Pty Ltd was split off and the parent company’s name changed to Jumbo. It expects its online lotteries business to pass $80 million in revenue for 2010-2011. ®

Secure remote control for conventional and virtual desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.