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Construction needs cloud flexibility
Australia’s embattled construction sector could benefit from cloud based information systems that can be switched on and off in lockstep with individual projects – with the exception of those organisations based in remote areas like the Kimberleys.
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Cohen supported iSOFT buyout, claims investor
Renai LeMay
Sunday, 17 April 2011 22:00
CSC confirmed several weeks ago it would attempt to buy troubled iSOFT, in a move slated to finally give CSC full control over the company it has long partnered with in the UK Government's makeover of its national health technology systems. The move is also expected to bring long-awaited stability to iSOFT, which has struggled financially in recent years.
However, Fairfax and News Ltd newspapers have reported that Cohen '” who quietly resigned from executive duties at iSOFT in August last year '” was planning a counter-offer for iSOFT.
In a statement last week, Oceania Capital '” which holds about 24 percent of iSOFT '” confirmed Cohen's legal action, but also alleged the executive had previously supported a CSC buyout of iSOFT.
'After the performance of the iSOFT business deteriorated markedly and the share price collapsed, Mr Cohen stood down as the executive chairman in June 2010, ceased to be chief executive officer in August 2010 and resigned as a director in September 2010,' Oceania said in a statement to the Australian Stock Exchange '” where iSOFT is listed '” last week.
'While he remained an officer of iSOFT, Mr Cohen was involved in early meetings with CSC in relation to their interest in potentially making an offer for 100 percent of iSOFT, and Mr Cohen was supportive of those discussions.'
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