Investment stories - Page 38

AOL is looking to sell or shut down the online social site Bebo, just two years after buying it for US$850 million.

Ovum predicts the ANZ software market will grow nearly 5% in 2010, reaching USD $5.6 billion by 2013, but pre-recession levels won't return until at least 2012.

Prime Minister John Key is promising that physical work will<br />have begun on the Government's Ultra Fast Broadband plan by the end of the<br />year.

PM John Key lauds Mako Networks' groundbreaking PCI DSS solution, highlighting New Zealand's need to innovate and invest GBP £1.5b in high-speed networks.

Acronis to offer free deduplication solution with new purchases of its backup software, aiming to help businesses cut storage costs.

Dell appoints Simms International as its New Zealand distributor for SMB products, enhancing its local presence and aligning with its global expansion strategy.

According to the latest Ovum report, the ANZ IT services market will show a modest recovery with growth above 4.

TelstraClear rules out direct investment in the government's USD $1.5 billion Ultra Fast Broadband network but sees partnership opportunities.

It began 14 years ago with 17 shareholders putting up $5,000 each, but now CityLink has been completely gobbled up by the publically listed company TeamTalk.

China will soon dominate fibre to the home deployments (FTTH) and become the global leader in the next two years, according to the FTTH Council Asia Pacific.

The UK government has received strong interest from private players for its Ultra Fast Broadband network, including international players.

Federated Farmers warn government of 'digital ghetto' risk in rural areas if broadband funding isn't increased.

Federated Farmers and TUANZ challenge government to invest more in rural broadband roll out for productivity and social gains.

Auckland City Council reaps rewards from SAP's integrated HR system, enhancing workforce management and operational efficiency for 2,300 employees.

Christchurch's Enable Networks, funded by the city council, reports its first profit of NZD $1.36 million amid soaring demand for its fibre services.

Maxnet's CEO urges firms to upgrade legacy data centres and ensure robust backup systems after the costly Air NZ outage.

Zintel becomes the exclusive New Zealand distributor for Hypercom, ensuring the launch of new terminals just in time for the Christmas rush.

Mike Lancaster, the company's wireless champion, says 15 WiMax sites have been constructed and will be live in the next two months.

Videoconferencing has seen significant growth in New Zealand, with companies utilising the benefits including faster decision-making and improved collaboration.

Westcon New Zealand celebrates 35% annual growth and eyes further market expansion with new hires and vendor deals, including exclusive partnerships.