Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Nasdaq-listed Citrix buys Wellington's Beetil

Nasdaq-listed Citrix buys Wellington-based Beetil for undisclosed sum

By Paul McBeth

Sept. 11 (BusinessDesk) - Nasdaq-listed Citrix Systems, which supplies cloud-based IT services to businesses, has bought Wellington-based software firm Beetil Service Management for an undisclosed amount.

The acquisition is effective from today and will absorb the existing Beetil team into its IT support unit, adding an integrated IT service desk to its product line, Citrix said in a statement. Beetil chief executive and biggest shareholder Dan Lee will report to Citrix's general manager of IT support Elizabeth Colawsky in Santa Barbara, California.

"This acquisition reinforces our commitment to meeting the growing demand of our customers and the market for a simpler and integrated approach to IT support," said Brett Caine, GM of online services at Citrix.

Beetil is the latest local tech firm sold to an overseas buyer this year, joining software firm Superstructure Group, contact centre software provider Zeacom, NZ Post's Electronic Commerce Network, and radio products developer 4RF.

Shares in Citrix fell 0.3 percent to US$80.34 on the Nasdaq yesterday, having climbed by a third this year.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Electricity Authority: Review Of Competition In The Wholesale Electricity Market Raises Questions

In March 2021 the Electricity Authority announced it would conduct a review into competition in the wholesale electricity market. The period of the review covers the sustained elevated electricity prices since an unplanned outage at the Pohokura gas facility in Spring 2018... More>>


Government: RSI ‘State Of The Nation’ Report Published
latest research, science and innovation system report card is now available, and outlines how the system is performing, Research, Science and Innovation Minister Megan Woods has announced. “The report seeks to increase transparency, act as a reliable data source and stimulate discussion... More>>




Fonterra: Increases 2021/22 Forecast Farmgate Milk Price

Fonterra Co-operative Group Limited today increased and narrowed its forecast Farmgate Milk Price range to NZD $7.90 - $8.90 per kgMS, from NZD $7.25 - $8.75 per kgMS. The midpoint of the range, which farmers are paid off, has increased to NZD $8.40 per kgMS, from NZD $8.00 per kgMS... More>>




Pamu & Westpac: Market-leading Sustainability-Linked Loan

Westpac NZ and Pāmu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. Pāmu, also known as Landcorp, is New Zealand’s biggest farming business. It will borrow $85m from Westpac NZ over three years... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>