The Channel logo

News

By | Drew Cullen 2nd October 2007 00:12

Phoenix IT ready to get hands dirty with ICM

Stops talking, starts doing

Phoenix IT yesterday said it was time to stop talking about integrating ICM Computer Group and time to start doing it. The board cautioned the "integration may cause some short term disruption", but the logic of the acquisition remains, well, strategic.

Considering that Phoenix only bought ICM, a disaster recovery biz-cum-computer dealer, in June and shelled out nearly £108m - about 1.5 times revenues - for the honour, it is nice to know that the company hasn't had a change of heart.

Yesterday Phoenix also reported it had nothing new to report on the trading front. Before entering its closed period, the company said that trading was in line with expectations for the six months ended 30 September. ®

alert Send corrections

Opinion

frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up
Internet of Things

Gavin Clarke

This time, Larry's Oracle is going after the networking giants

Features

No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever
Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club