IT giant CSC has offered to buy Australian technology company UXC. The offer is for $1.28 per share for UXC, whose UXC Eclipse is its Dynamics reselling arm. That would appear to be about $305 million in cash for all shares, based on the shares outstanding when the UXC year ended on June 30. CSC had $11.7 billion in revenue for the year ended July 3 and UXC Eclipse had $125 million in revenue for its last full year, so it would be a bit swallowed up.
New Zealand-based Xero says it now has 100,000 subscribers for its cloud-based accounting software in the United Kingdom. In a prepared statement, CEO Rod Drury said this week the company had 30,000 subscribers in that country two years ago.
The most recent global figure was 540,000, a number released this summer. In August, Xero said it had 250,000 subscribers in Australia and 150,000 in New Zealand.
The Sage Group has entered an alliance with PWC to support its new cloud-based Sage Live by combining the Sage product with My Financepartner from PWC U.K. The press release announcing this deal suggests there's lots more to come as it says the launch will initially be in the United Kingdom. MyFinancepartner is described as providing an implementation service to SMBs and also a service that combines accounting and compliance with business advice.
UXC Eclipse, which has major Dynamics operations in the United States, has acquired the Dynamics AX and Microsoft Business Intelligence divisions of Koorb Consulting. Koorb is based in New Zealand and was reported to have more than 90 AX and BI sites. The parent UXC is based in Australia. Eclipse said the deal makes it the largest AX reseller in New Zealand one of the top two globally. Bradley Stroop, CEO of UXC Eclipse, says the company expects 55 percent of revenue to come from AX and related products for the year ending June 30, 2016.