They were to form the fifth largest national ISP, but now the merger is off between Chariot Limited (ASX:CTI) and Datafast Telecommunications Limited (ASX: DFT), with Datafast saying due diligence didn't pass muster.

IT products and services provider, Volante Group Limited (ASX:VGL), promised to cut 50 staff, while announcing a hefty increase in revenue and significant underlying profit boost, as revenues from the Ipex acquisition kicked in for the 2005 financial year.

Bill payments network provider, Bill Express (ASX:BXP) reported a sharp increase in both revenues and net profit in its debut listing year.

Managed IT services provider, SMS Management & Technology Limited (ASX:SMX) has been appointed as an approved provider of consulting services on the supplier panel of the Department of Human Services.