From a previous thread Goldfinger, bless him, said that SVR is a potential takeover target. (edited)

This is an article from today's ComputerWeekly and maybe ServicePower fits the bill nicely.

Outsourcing, utilities, commanding market positiom



"LogicaCMG prepares for acquisition spree



LogicaCMG is planning acquisitions worldwide, including one in India, with the aim of becoming one of the top 10 IT services companies in the world by revenue over the next five years.

"Our acquisition strategy is based on acquiring companies which can either improve our critical mass in a particular geography or strengthen our offerings in a key market or technology," said Seamus Keating, group finance director of LogicaCMG.

LogicaCMG provides management and IT consulting, systems integration and outsourcing services across diverse markets, including telecommunications, energy, utilities and financial services. The company was formed in December 2002 by the merger of Logica and CMG.

The company is scouting India for a software development organisation with a staff of approximately 500 people, probably in the financial services or telecoms software sector.

LogicaCMG already has a software development centre in Bangalore.

LogicaCMG is also planning to acquire companies in other countries, including the US. "We would look to expand in key geographies and to build on our sector expertise," said Keating. "Obviously to achieve our ambition of a top-10 position, we will have to be larger in the US market."

Last September, LogicaCMG said it would increase the Bangalore office's staff from 400 people to approximately 1,500 over an 18-month period, as its customers showed interest in Indian offshore development.

LogicaCMG's Bangalore staff handle information technology services, product development and man a technical support desk for customers. The centre is also developing products for the financial services, mobile telecoms and energy and utilities markets."

watch this space.

imho, dyor etc

MM

Catch 22, I said nothing of the sort. Please do not use my name for any postings like this again.

goldfinger.

Goldfinger,

did u not post the following - ".............and the possibility of a takeover from the US in for free..................." (agreed you did not say Logica so edited my original post)


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SERVICE POWER - Set To Blast Away On New Contract Deals, And A Little More.

goldfinger - 05 Oct'03 - 21:45


Well I have been alerted to this company by a great Investment pal of mine and I have to say as usual it looks like hes come up with the goods as per norm.

Not wishing to steal his thunder here is his summing up of the company.



SVR, Servicepower, is a stock that could be worth a dabble. The shares have done well recently and the company has a range of bluse chip clients including UK banks and Siemens. Floated at 1.16p three years ago, they fell to 5p but are now 32p. They recently issued a host of warrants to none other than one of the biggest companies in the world, General Electric. They make solutions software for field engineers, so they can arrange their daily schedules on the move. If a Sky repair man turns up on time, it is because he has used the SVR system. (and if he doesn't.........)
The balance sheet is not strong, but the company has signed several customers this year and I understand there may be two contract announcements imminent, one of which i have heard put at 5 million over about four years. They have also been conducting field tests with at least five international companies and further orders seem certain. i saw a broker's note (can't remember which) saying they should make 4.2p next year against a share price of 32p. Much depends on the number of contracts signed, but still with a niche and little competition, and the possibility of a takeover from the US in for free, the shares are a good punt. A line of stock of 2 million cleared an overhang last week and i understand may have found a US home. And someone was buying above the spread today, albeit only 24,000 shares. They were hard to get online so the mms may be short.
I bought today and hope to add"

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:-)

Fair enough.

cheers GF.

perhaps this could be on the cards again with SVR turniong the corner and heading toward profitability