Articles about Horizon Technology

Flag Ireland

Avnet sees blue skies with Horizon buy

Irish reseller Horizon Technology has agreed a recommended cash offer from IT distie Avnet, valuing the firm at €101.3m. The proposed merger follows months of buy-out speculation. In March, Horizon admitted it was in talks with a possible buyer. Horizon offers a bit of everything to the channel set from hardware and software to …
Kelly Fiveash, 18 Apr 2008
Euro

Horizon admits takeover talks

Horizon Technology Group - the Irish reseller company - told the Stock Exchange this morning that it has been approached by a possible buyer for the firm. The statement said the approach may, or may not, lead to an offer for the company of €1.18 a share. Horizon shares have been trading on the Irish exchange for about €0.40 but …
John Oates, 13 Mar 2008
Flag Ireland

Horizon's Irish revenue falls

System integrator and IT distributor Horizon Technology Group said overall first-half revenue rose by 11 per cent to €146,305, but it saw profits tumble in Ireland. Horizon's Irish revenue was down 8.9 per cent to €27.9m compared to the same period of 2006. Despite the profits drop, the firm said it expected prospects to …
Kelly Fiveash, 06 Sep 2007
globalisation

Horizon downplays drop in profits

System builder and IT distributor Horizon Technology Group said today that revenue fell below expectations in the last quarter partly because of a dip in orders in December. It also said in a trading statement that "a significant UK customer whose business has gone into administration" meant it was adding €800,000 to bad debt …
Kelly Fiveash, 10 Jan 2008
channel

Horizon buys SAP house

Horizon Technology has bought fellow Irish outfit Enterprise Process Consulting (EPC), a SAP consulting firm. The hybrid distribution and services firm will pay €2m upfront and make performance payments of up to €1.5m to be made over two years. EPC does SAP consulting for the pharmaceutical and public sectors in Ireland. …
Team Register, 10 Apr 2006
globalisation

Horizon delays results

Horizon Technology Group is knocking back its 2005 earnings announcement by a week. It will now spill the bean(counter)s on 16 March. The reseller group blames the short delay on "senior management time devoted to acquisition and integration activity delayed the preparation of the financial statements", it said today in a …
Team Register, 07 Mar 2006
For Sale sign detail

Horizon sees sunny skies ahead in 2007

Horizon Technology, the Irish-owned reseller, expects 2007 results to be in line with market expectations. Speaking at the company's annual general meeting on Thursday, chairman Samir Naji told shareholders that the board was pleased with the group's performance during the first quarter. "The IT market in both the UK and …
homeless man with sign

Horizon in line

Horizon Technology Group said this morning that turnover and operating and profit for the year to December were in “in line with current market expectations”. However, the Irish IT service group's figures will be hit by one-off charges totally €2m. Some of that will over a refund of €1.2m incorrectly paid by a supplier in 2003 …
Team Register, 19 Jan 2006
globalisation

Horizon digests year of feasting

Horizon Technology Group has been showing off after a year of gorging on high-margin acquisitions. The firm's preliminary results for the year ended 31 December 2006 show a 29.8 per cent in profit after tax and a 49.8 per cent jump in revenue. It acquired three firms in the year - IP networking reseller Equip, Irish SAP …
Mark Ballard, 16 Mar 2007
globalisation

Profits and revenue up at Horizon

Horizon Technology has reported revenue of €131.2m for the first half of 2006, up 39.5 per cent from the €94m posted for the same period last year. The systems integration company, which announced its intention to acquire the Irish business software firm Enterprise Process Consulting (EPC) back in April, announced a gross …
homeless man with sign

Horizon scoops up e-learning biz

Horizon Technology has bought a fellow Irish IT company WBT Systems Ltd. And it is definitely a case of jam tomorrow for WBT's owners. They get €1.15m upfront – less than the €1.5m net cash within the business. And they will get up to 1m new shares in Horizon in February 2007. At today's price, this is worth £570,000, but it …
Drew Cullen, 04 Aug 2006
chart

Horizon profits jump in '04

Horizon Technology Group's operating profits grew 38 per cent to €7m for 2004, up from just over €5m in 2003. Operating profit margins at the specialist Sun Microsystems reseller increased from two per cent in 2003 to 2.5 per cent in 2004. Turnover rose 12 per cent from €250m to €281m over the year. As a percentage of turnover …
The Register breaking news

Horizon sees rise in revenues, earnings

Horizon Technology reported revenues of €294m for the year ending December 2005, up 5 per cent on the €281m it posted for 2004. Earnings for the systems integration company, a major supplier of Sun Microsystems products, were up 10 per cent from €8.88 per diluted share in 2004 to €9.73 at the end of last year. Horizon's …
Charlie Taylor, 16 Mar 2006
channel

Horizon bounces back

Horizon Technology enjoyed a 17 per cent year-on-year revenue increase in the first half of 2004, citing to a healthy systems integration market and an increase in market share. The Irish-owned reseller posted turnover of €151m for the first six months of 2004 (H103: €129m). The company had a net profit of €2.1m (H103: €148,000 …
channel

Horizon posts 20 per cent rise in profits

Horizon Technology Group has posted a 20 per cent year-on-year increase in pre-tax profits in its results for the first half of the year. The interim results for the six months to 30 June 2005 showed the company's seventh consecutive half-year of growth in operating profit. Pre-tax profit climbed to €4m, up from €3.35m a year …
Team Register, 09 Sep 2005
arrow pointing up

Oracle biz-pusher Paul Young leaves Avnet TS

Avnet has commenced the search for a successor to Oracle business unit director Paul Young, who is moving to Hamilton Rentals as UK sales director. Young joined US enterprise distie Avnet in 2008 when it acquired independent Horizon Technology, formerly Clarity Technology, for €101.3m. John Toal veep and and country manager at …
Paul Kunert, 17 Apr 2012
The Register breaking news

Horizon pays cash for sake of Clarity

Horizon Technology is to pay cash for an additional stake in its Clarity Technology subsidiary, instead of issuing new shares. Irish-based Horizon, which owns almost 92 per cent of Clarity, is exercising its option to pay cash for an 8.3 per cent stake in the company that it purchased in July 2003. Horizon has also already …
The Register breaking news

Azlan buys Horizon's training biz

Azlan is beefing up its training arm with the acquisition of Horizon Technology group's Cisco training division for up to £7.4m cash. It is not taking on any debt: Horizon's training arm had net liabilities of £2.6m at December 31. On completion of the sale, the business will retain liabilities of £200,000. Azlan reckons the …
Drew Cullen, 10 Jun 2002
The Register breaking news

Dual float on Horizon for Irish channel player

Horizon Technology Group is seeking a dual listing on the Irish and London Stock Exchanges for December. The Cork-based distributor's flotation is being sponsored by NCB Corporate Finance. The company's principal shareholders, Samir Naji and Charles Garvey, will see their holdings diluted after the float, with NCB set to place …
Linda Harrison, 19 Nov 1999
For Sale sign detail

Equip moved to pastures new

A little bit of housekeeping in the UK IT channel has seen Horizon Technology Group complete its acquisition of networking distributor Equip Technology for £10.6m. Horizon CEO Gary Coburn said the new arm would complement its existing business in the sale of IT infrastructure goods to the corporate sector. The €24.8m (£16.8m) …
Team Register, 03 Feb 2006
channel

South Africa slams reseller corruption in public sector

Reseller round-up South Africa's government has slammed ICT vendors which sell “exorbitant, irrelevant” solutions to local government departments. Joe Mazibuko, of the State IT Agency's provincial and local government services, points to a municipality which had signed "a 50-year contract, without an exit clause, with a local service provider". …
Team Register, 22 Sep 2005
cloud

Westcoast acquires Clarity for €6.2m

Clarity Ireland, the distribution wing of IT company Horizon Technology Group, is to be sold to British IT distributor Westcoast for €6.2m. The Reading-based business will also assume Clarity's debt of €9.1m. Clarity, which employs 60 people at its headquarters in Tallaght, had revenues of €118m and profits of €1.4m last year. …
Emmet Ryan, 05 Sep 2006
The Register breaking news

Landis buys Datrontech arm

Landis has bought Data Connectivity, the networking equipment arm of bust distie Datrontech from the receivers, Microscope reports.Quoting unnamed sources, it says Data Connectivity boss James Morgan and eight other employees will join Landis. This will form the basis of public networks division to target the telecommunications …
Drew Cullen, 28 Nov 2000