Articles about Horizon Technology Group

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
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
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
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 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
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
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 …
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
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
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
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
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