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EUROPEAN TECH WIRE - Feb. 28, 2005
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To Subscribe: http://www.techwiremedia.com/europe
o France Telecom Appoints Didier Lombard as New CEO
o SAP Agrees to Buy U.S.-Based Retek for 374 Million Euro
o European, Asian Authorities Join Forces to Tackle "Spam"
o Index Ventures Raises 300 Million Euro for New Tech Fund
o U.K.-Based Online Polling Firm YouGov to Float on AIM
o Watford's Frontier Silicon Secures £14.5-Million Investment
o Electronics Makers Decry Fee for Anti-Piracy Technology
o Briefly Noted: BlueLithium, iReach-IT Spending in Ireland,
Agence Virtuelle-Online Advertising in the U.K., Holbrook IT
Group-Solution for Accounting
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o France Telecom Appoints Didier Lombard as New CEO
Paris -- France Telecom this weekend named Didier Lombard, director
of the telecommunications giant's new technologies division, as its new
chief executive officer after Thierry Breton decided to become France's
next finance minister. Breton was offered the position after Herve
Gaymard resigned over a scandal concerning a government-funded
luxury apartment. Lombard, 63, said Breton had created a "clear
vision" that would shape France Telecom's strategy for several years to
come. "We are determined to pursue our integrated-operator strategy,
to make even faster progress in implementing our vision in service of
our customers and to continue along the path of operational excellence
in furtherance of our financial commitments," Lombard said. Many
industry experts and investors credit Breton with steering France
Telecom, currently in the final year of a three-year financial
restructuring, out of a debt crisis two years ago.
http://makeashorterlink.com/?R2381329A
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o SAP Agrees to Buy U.S.-Based Retek for 374 Million Euro
Frankfurt -- SAP AG, a Germany-based business software giant,
announced on Monday that it has agreed to acquire Retek Inc., a U.S.-
based developer of retail-management software, for approximately 374
million euro. SAP said it expected to close the deal, already approved
by Retek's board of directors, by early April, pending regulatory
approval. "The global retail industry is large and represents a
significant growth opportunity for SAP," said Chief Executive Officer
Henning Kagermann. "Retek offers many software solutions to
augment its existing presence and will enable us to offer the most
comprehensive solution in the industry, from the point of sale through
the entire retail supply chain." Last year, Retek reported revenue of 130
million euro and boasted more than 200 customers worldwide.
http://makeashorterlink.com/?Q16C5229A
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o European, Asian Authorities Join Forces to Tackle "Spam"
Brussels -- The EU and Asia have joined forces to fight spam.
Representatives from 25 European countries and 13 Asian countries
attending the Asia-Europe (ASEM) conference on e-commerce last
week agreed to fight unsolicited junk e-mails nationally and promote
anti-spam efforts internationally. The group said it would tackle the
growing problem through awareness raising, industry self-regulation,
technical solutions and partnerships between governments and the
Internet community. "The EU cannot act alone in the fight against
spam, as it is essentially borderless," said EU Information Society and
Media Commissioner Viviane Reding. "It is crucial that the problem be
taken seriously in every part of the world and, in particular, in regions
where a lot of spam is reported to originate." China and South Korea,
which also joined the joint endeavour, are two such countries. In fact,
many analysts estimate that more than 20% of spam worldwide
originates in China and South Korea.
http://makeashorterlink.com/?Z3076529A
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o Index Ventures Raises 300 Million Euro for New Tech Fund
Geneva -- Index Ventures, a Switzerland-based venture capital firm
with offices in London and Jersey, announced that it has raised its
fourth fund of 300 million euro. The fund attracted a number of new
investors, including Adams Street Partners, AlpInvest Partners, BP
Pension Fund and Horsley Bridge International. Existing investors
HarbourVest Partners, LGT Capital Partners, Partners Group and
Schroders also participated. Index Ventures said the fund would be
invested in European and Israel-based companies in the technology and
life science sectors. The new fund, Index Ventures III, follows Index
Ventures II, which made investments in Luxembourg-based Internet
telephony firm Skype, Sweden-based open-source database firm
MySQL AB and U.K.-based email archiving firm KVS.
http://makeashorterlink.com/?U2776129A
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o U.K.-Based Online Polling Firm YouGov to Float on AIM
London -- YouGov, a U.K.-based online polling company, announced
that it is planning an initial public offering (IPO) on the London Stock
Exchange's Alternative Investment Market (AIM) for this summer.
YouGov said it was hoping to raise about £3 million, which would
value the company at approximately £18 million. Under the terms of
the IPO, YouGov founders and joint CEOs Nadhim Zahawi and
Stephan Shakespeare would keep their respective 37% controlling
stakes in the firm, which will use the funds generated to step up organic
growth and acquire a number of its competitors. "YouGov has come a
long way in a short time and developed a strong, competitive position
in market research and polling through the use of online panels,"
Zahawi said. "Understanding people's behaviour, choice and attitudes is
more important and valuable today than ever before." In the year ended
July 31, 2004, YouGov reported a pre-tax profit of £600,000 on sales of
£1.9 million.
http://www.yougov.com/
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o Watford's Frontier Silicon Secures £14.5-Million Investment
Watford, England -- Frontier Silicon, a U.K.-based fabless
manufacturer of semiconductors for digital radio, TV and wireless TV
products, announced that it has raised £14.5 million. The company,
voted by the VC advisory board of the Fabless Semiconductor
Association as the U.K. "Start-Up to Watch", said it planned to use the
funds to bring digital TV to mobile phones. Frontier Silicon has
developed two products, the Apollo and Kino computer chips, which
allow mobile phones, electronic organisers and other devices such as
the Apple iPod to receive and record digital TV broadcasts. Irish
venture capital firm ACT led the round, in which Apax Partners,
AltaBerkeley Venture Partners, Quilvest and Bluerun Ventures
(formerly known as Nokia Venture Partners) also participated.
http://makeashorterlink.com/?V3DB5629A
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o Electronics Makers Decry Fee for Anti-Piracy Technology
Amsterdam -- A number of consumer electronics makers are unhappy
with the high license fee being proposed by companies that invented
technology to secure the transfer of music and other media to mobile
phones and other portable devices, Reuters reported. The Open Mobile
Alliance (OMA) has proposed a charge of 75 cents per device for its
anti-piracy technology. "This kind of price is certainly unreasonable,"
one senior executive at a Top Five mobile-phone maker told Reuters.
The chairman of the digital rights management working group at the
OMA admitted that the licensing terms have "kicked up a lot of dust".
"People are debating if these are reasonable terms," Jan van der Meer
told Reuters. Companies that developed the anti-piracy technology
include InterTrust, ContentGuard, Sony, Matsushita and Philips -- who
pooled their patents and are represented by a licensing group called
MPEG LA.
http://makeashorterlink.com/?E6872429A
http://www.openmobilealliance.org
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o Briefly Noted:
(London) BlueLithium Inc., a performance-based advertising network,
announced on Monday that it has raised approximately £6 million in
first-round funding. WaldenVC, a venture capital firm focusing on
investments in digital media companies, and 3i Group Plc, a U.K.-
based venture capital firm, led the round. BlueLithium said it would use
funds to further deploy its optimisation technology and expand
advertising sales operations internationally, especially in the U.K. The
company, which reached more than 100 million unique users
worldwide as of last December, said its network currently includes
more than 1,000 sites and delivers several billion impressions per
month.
http://www.bluelithium.com
(Dublin) According to a new survey by technology research firm
iReach, IT spending in Ireland is set to increase by as much as 5% this
year to more than 2.2 billion euro (£1.5 billion). The survey of 100
Ireland-based chief information officers also predicted that growth in
investment would be driven by enterprise software applications,
infrastructure software, security solutions and outsourcing-related
services. Most of the survey's respondents said they planned to invest in
enterprise software applications and associated infrastructure, starting
with financial applications. Even so, iReach warned that concerns over
Ireland's competitiveness, the weakening U.S. dollar and continuing
international instability could threaten IT spending.
http://www.ireach.ie/
(London) A new survey commissioned by Internet marketing specialist
Agence Virtuelle shows that web searchers in the U.K. are far more
savvy than their counterparts in the U.S. The report showed that 93% of
Internet users in the U.K. understand the difference between sponsored
and organic search engine results, compared to just 38% of users in the
U.S. The survey also found that U.K. consumers largely ignore
sponsored links, with about two-thirds of British consumers saying they
prefer organic search results. Less than 5% of the survey's respondents
said they frequently clicked on sponsored links, while about 20% said
they never clicked on them. About 2% said they clicked on banner
adverts, and less than 1% said responded to pop-up advertising.
http://www.agencevirtuelle.com/
(Nottingham, England) The Holbrook IT Group announced that it has
become the second-largest Access Accounting VAR in the U.K.
following its recent acquisition of Solution for Accounting's Access
business. Financial details of the acquisition, the Holbrook IT Group's
fourth in two years, were not disclosed. "We are growing organically
through training programmes and by becoming a certified Microsoft
partner in certain areas," said Holbrook Managing Director Mike
Smalley. "We also have another acquisition on the cards, a Microsoft
networking firm whose managing director is looking to retire."
http://www.holbrook.co.uk/press_view.asp?pr_id=26
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