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Software Industry

Best Gaming Technology Acquired by Rival Playtech

Vienna-based maker of software for self-service betting terminals Best Gaming Technology (BGT) has been acquired by UK gambling software group Playtech for €138m. Playtech holds the option to purchase the remaining shares for up to €55m from Armin Sageder, the company’s founder and chief executive.

July 14, 2016

"Teletrade" is not "Teletrader"

TeleTrade is an online broker providing access to trade across a range of financial markets. TeleTrade has recently opened an office at the Regus Business Center at Parkring 10 in Vienna's first district. According to the company's website, the TeleTrade Group has over 200 offices in 30 countries and more than 3000 employees.

January 20, 2015

Rising Profits and Sales at Fabasoft

The Austrian software producer announces preliminary figures for the first nine months of the fiscal year 2011/2012.

February 13, 2012

New Management for Microsoft Austria

With Georg Obermeier, the Austrian subsidiary of the U.S. software group has a new executive.

January 14, 2012

Brain Force Appoints New Chief Financial Officer

Hannes Griesser succeeds Thomas Melzer as CFO of the Austrian software company as of 1 January.

December 23, 2011

Brain Force Achieves Operative Turnaround

The Austrian software company reported growth in revenues of 2% in 2010/11. Profit after tax was down to € -1.37m.

December 21, 2011

Ambitious Restructuring Plans for S&T

After serious troubles in 2010 and 2011, the Viennese software consulter should leave the red zone next year. The new CEO, Hannes Niederhauser, is cautiously optimistic.

December 5, 2011

Brain Force Announces Turnaround

The Austrian software engineering company reported positive earnings. Revenues were up by 2.0%.

November 15, 2011

Fabasoft in the Black Zone

The Austrian software manufacturer reports improving sales and earning figures. Cash flow turned into positive.

November 12, 2011

Quanmax Raises Targets for 2011

The Austrian distributor of IT products benefits from the acquisition of S&T. Target turnover for the fiscal year has been revised to € 150m.

October 28, 2011