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Multimillion-dollar markup for HotApps US sale

Listed construction and technology player Singapore eDevelopment has announced a $700 million acquisition agreement with US-based Fragmented Industry Exchange, in a bid to establish a foothold in the US market for its instant messaging business HotApps, which it purchased in August for $98,000.

October 15, 2014 by

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NEC Australia set for profit return

NEC Australia is heading back towards profitability, after reporting two annual losses since taking on CSG Technology Solutions for AU$227 million in 2012, according to NEC Australia managing director Tetsuro Akagi.

October 13, 2014 by

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