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

Lost

Jennifer Baker

European Commission still silent despite Ireland's plea

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow

Features

But here's why we're (probably) not staring at a crash
BlackBerry Passport
Network intelligence - our secret weapon
Pebble Steel
Meet the man who accidentally created the smartwatch hype
No, silly... he was the fall guy for years of Finnish folly