Briefs: AVEVA, ANT report good trading; new CSR small GPS combo chip
AVEVA Group plc, a provider of engineering data and design IT systems, said it has continued to make good progress across its vertical markets.
Both Central Eastern and Southern Europe and Asia Pacific have performed strongly since AVEVA released interim results in November, with the Americas and Western Europe "delivering solid performances".
The Group said its balance sheet remains strong with net cash of over £100m. It expects results for the year to end March 09 will be in line with management expectations.
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ANT plc, provider of software and services for delivery of digital TV, said its trading results for the year to end December 08 are expected to be "significantly better than previous guidance".
Sales revenue will not be less than £3.6m and the pretax loss will not be greater than £1.3m, the firm said. Cash balances at the year end were £5.6m.
In 2008 the Group benefitted from an increase in licence revenue, continuing positive trends in royalty bearing shipments, the tight management of costs and the strengthening of the US dollar.
ANT said it has started 2009 with a strong pipeline of new business as a result of which it expects to grow revenues and reduce its losses further in the year.
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CSR launched BlueCore BC7830, the world's smallest GPS combination device designed for mobile handsets.
Measuring just 11sq.mm in silicon size, it includes GPS, Bluetooth v2.1+EDR, FM transmit and receive technologies and support for Bluetooth low energy all on a single chip. This represents the next step in CSR's Connectivity Centre and allows manufacturers to add GPS functionality for less than a dollar, CSR said.
This level of integration is made possible by CSR's 'Smart Integration' strategy, where the chip is specifically architected to support multiple radio technologies.
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Fit-for-purpose data specialists, Datanomic Ltd, said that leading global medical publisher, BMJ Publishing Group Ltd, has selected its dn:Director to cleanse, standardize, match and enhance its data - helping BMJ to achieve a consolidated Single View of its 1.6 million Customer/User records across multiple geographically dispersed databases. dn:Director will underpin BMJ Group's international market expansion strategy by enabling the Group to improve its customer and prospect data, allowing it to better segment markets, identify commercial opportunities and reduce internal costs.
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David Cleevely, a founder of the Cambridge Network and its chairman since 2006, is stepping down. His successor is one of the Network's newest directors, Neil Davidson, joint CEO of Red Gate Software.
Neil Davidson is co-founder of Red Gate, which was founded in 1999 and now employs 135 people. It was Cambridge News 'business of the year' in 2006 and for two years running has been in the Sunday Times 'top 100 companies to work for'. It was founded with no venture capital and little debt.
