Stock Market warms to Cybit’s revenue, profit gains in 08/09
Cybit Holdings plc, the international provider of telematics-based products and services for the managing land and sea assets, said revenue increased by 30% to £25.5m while pre-tax profit grew 27% to £2.1m in the year ended 31st March 2009.
The company's share price responded to the news by posting a 13% gain in morning trade. The Cambridge-based firm is now worth £9.5m.
Chairman...
Solar Innovator Enecsys secures $10m in series A venture capital
Pan-European venture capital specialist Wellington Partners led a $10m Series A round in micro-inverter company Enecsys Ltd.
Enecsys, a University of Cambridge of spin-out, has developed high performance micro-inverters to be deployed in harsh external environments next to solar PV modules.
Such Enecsys...
CSR completes SiRF merger; global HQ to be in Cambridge; US ops to run out of San Jose
CSR plc and SiRF Technology Holdings Inc, have completed the merger between SiRF and a wholly owned subsidiary of CSR, creating a pure play provider of connectivity and location platforms, and a company with the scale, technology and strategy to enable its customers to address emerging opportunities in mobile markets.
CSR said the merger delivers an enlarged development...
Celsis cost control sees ’09 profit grow 22%
Celsis International plc, the life sciences products and laboratory services company, total revenue from continuing operations for the year ended 31 March 2009 was down 0.8% at $52.5m but strict cost control saw profit before tax from continuing operations up 21.9% at $12.8m
CEO Jay LeCoque said: "Our performance demonstrates the underlying strength of our business model, in particular our focus on driving higher quality...
University of Cambridge portfolio firms raise more than £30m in 10 months
Cambridge Enterprise Ltd said it has seen more than £30m invested in 13 of its portfolio companies since September last year.
In May £5.1m was invested into Metalysis Ltd to further develop its environmentally friendly way to produce tantalum and titanium alloys. The company employs over 40 people and the new funds will mainly be used to support the scale-up of a novel semi-continuous pilot plant.
