This morning we wrote that NHS IT was hitting the headlines again as momentum builds behind the government’s push to use technology to ease pressure on the NHS frontline. But we alluded to a lack of detail surrounding the £4.2bn of investment that Health Secretary Jeremy Hunt had promised would be invested in NHS technology over the next five years (see here). Since then NHS England’s director of digital technology, Beverley Bryant, has revealed more about how the money will be spent, and where it will come from.
Eligible TechMarketView subscription service clients can read the detail - and our analysis - in our latest UKHotViewsExtra article: NHS IT funding boost creates SITS opportunities.
Posted by Tola Sargeant at '20:28'
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The number of European TMT deals announced in January remained at about the same level as the previous three months, according to latest data from corporate finance firm Regent Partners. However the total value of deals dropped below £10b for the first time since Q3 2012 as there were fewer large transactions. Deal valuation multiples continue to hold up with aggregate Price/Sales ratio at 1.3x and Price/EBITDA ratio at 9.8x.
There was the usual flurry of smaller deals involving UK software and IT services players, including Access Group’s acquisition of HCSS Education (see Access Group furthers its education with HCSS), Capital Markets software developer First Derivatives’ acquisition of QuantumKDB (UK) (see First Derivatives’ acquisition spree continues), and a rare excursion into the UK market for Noida-based offshore service major, HCL Technologies, which ‘did the double’ at Point to Point (see HCL gets to the point – twice - with Point to Point).
There’s more besides, and subscribers to the TechMarketView Foundation Service can read our quarterly summaries of corporate activity in the UK SITS sector in IndustryViews Corporate Activity.
Posted by HotViews Editor at '16:42'
With its back office and ecommerce focus, and all the related complexities, cloud pure play NetSuite did not chose an easy path. Nevertheless it is achieving consistently high growth, the latest being 33% revenue growth to $741m in FY15 (see here). International growth is high on its agenda and despite an established presence in the UK, there is scope to do much more.
It is ramping up at a time when the competition for mid market cloud ERP is heightened however but it is a challenger to pre-cloud providers and part of the competitive firmament around emerging providers with strengthening cloud credentials like Unit4, Infor and UK players like Advanced Computer Software and Access Group. If you are an eligible subscriber you can download our analysis of NetSuite here. If not, contact Deb Seth for information on how to subscribe to TechMarketView.
Posted by Angela Eager at '09:15'
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