Well, I'm doing some great stuff with EstarOnline, a Christchurch-based company specialing in ecommerce.
Look out for some exciting new product and service offerings over the next few months !
Monday, November 05, 2007
Monday, November 13, 2006
Sage pays £20m for payment processing firm Protx
From The Register...
Business and accountancy software firm Sage has stumped up £20m ($38m) in cash to acquire UK merchant services firm Protx.
Protx, which was established in 2001, provides online payment services for small and medium businesses (SMEs) in the UK, with a customer base of over 10,000 businesses (growing by 350 a month). The firm is accredited with a range of major banks including Lloyds TSB Cardnet, Bank of Scotland, Barclays Merchant Services, HSBC, Natwest Streamline, American Express, Diners Card, JCB, and Euroconex.
Protx had revenues of £1.9m ($3.6m) in the year ended March 2006, almost double (97 per cent higher) than the £967,000 (1.8m) it brought in during the previous financial year. After making losses of £20k ($38K) in FY2006 (£537K or $1m in FY2005), Protx is now trading in the black with estimated unaudited profits of £264,000 ($503K) in the six months to the end of September 2006 on estimated revenues of £1.5m ($2.86m).
In a statement, Sage said the "expanding and highly fragmented market" for payment services that allow small businesses to sell goods online is fast expanding but poorly serviced by the larger payment processing companies. In a bid to tap into this market, Sage has added Protx to its roster adding to the similar acquisition of US-based payment processing firm Verus earlier this year.
Sage said the acquisition of Protx fitted with its strategy of providing a broader range of business services to small businesses, which will eventually enable their customers to link and integrate merchant services with back-office accounting, stock control, and CRM applications.
Sage Group chief executive Paul Walker said: "The acquisition of Protx brings Sage the capability to integrate secure payment systems with our business management software. With Protx in the UK and Verus in the US, we continue our strategy to expand into new adjacent markets and broaden the range of services we can offer our SME customers."
Business and accountancy software firm Sage has stumped up £20m ($38m) in cash to acquire UK merchant services firm Protx.
Protx, which was established in 2001, provides online payment services for small and medium businesses (SMEs) in the UK, with a customer base of over 10,000 businesses (growing by 350 a month). The firm is accredited with a range of major banks including Lloyds TSB Cardnet, Bank of Scotland, Barclays Merchant Services, HSBC, Natwest Streamline, American Express, Diners Card, JCB, and Euroconex.
Protx had revenues of £1.9m ($3.6m) in the year ended March 2006, almost double (97 per cent higher) than the £967,000 (1.8m) it brought in during the previous financial year. After making losses of £20k ($38K) in FY2006 (£537K or $1m in FY2005), Protx is now trading in the black with estimated unaudited profits of £264,000 ($503K) in the six months to the end of September 2006 on estimated revenues of £1.5m ($2.86m).
In a statement, Sage said the "expanding and highly fragmented market" for payment services that allow small businesses to sell goods online is fast expanding but poorly serviced by the larger payment processing companies. In a bid to tap into this market, Sage has added Protx to its roster adding to the similar acquisition of US-based payment processing firm Verus earlier this year.
Sage said the acquisition of Protx fitted with its strategy of providing a broader range of business services to small businesses, which will eventually enable their customers to link and integrate merchant services with back-office accounting, stock control, and CRM applications.
Sage Group chief executive Paul Walker said: "The acquisition of Protx brings Sage the capability to integrate secure payment systems with our business management software. With Protx in the UK and Verus in the US, we continue our strategy to expand into new adjacent markets and broaden the range of services we can offer our SME customers."
Sunday, October 29, 2006
Ecommerce in United States will Top 120 Billion in 2006
You won't stop the revolution....
Tipping point for e-commerce ?
A USD120 billion business is starting to demonstrate the power we all realised when we first started playing with the internet... now the instrastucture suport and application development tools (primarily web services) are delivering on the promise.
http://hostsearch.com/news/leadpilecom_news_5166.asp
Tipping point for e-commerce ?
A USD120 billion business is starting to demonstrate the power we all realised when we first started playing with the internet... now the instrastucture suport and application development tools (primarily web services) are delivering on the promise.
http://hostsearch.com/news/leadpilecom_news_5166.asp
Thursday, October 26, 2006
Wednesday, October 25, 2006
E-Commerce Banks on Alternative Payment Boom
E-Commerce News: E-Commerce: E-Commerce Banks on Alternative Payment Boom
Alternative online payments methods are becoming more accepted as the functionality of the payment methods increases.
Identity fraud and the hassle of recovering an 'identity' is a concern to a majority of online shoppers who want better protection and certainty of the transaction.
Are the credit card companies worried yet ?
Alternative online payments methods are becoming more accepted as the functionality of the payment methods increases.
Identity fraud and the hassle of recovering an 'identity' is a concern to a majority of online shoppers who want better protection and certainty of the transaction.
Are the credit card companies worried yet ?
Tuesday, October 24, 2006
Decision to sail in storm under review
Decision to sail in storm under review - 25 Oct 2006 - National News
Sometimes the Cook Strait can get rough, extremely rough. Not like the North Sea, but rough enough for the ferries that are used in NZ.
The last couple of days in Wellington have been dismal, a strong SE airflow with a low pressure system smacking Wellington head-on.
This sort of weather pattern really makes the usual 3.5 hour ferry sailing unbearable, and some sailings were cancelled.
Not this one, though.
The trip took nearly 11 hours, with the Kaitaki sheltering in Clifford Bay (or some reports are saying Cloudy Bay) for a few hours while conditions were at their worst.
But she arrived safe and sound, with the skipper doing an amazing job in the circumstances.
Sometimes the Cook Strait can get rough, extremely rough. Not like the North Sea, but rough enough for the ferries that are used in NZ.
The last couple of days in Wellington have been dismal, a strong SE airflow with a low pressure system smacking Wellington head-on.
This sort of weather pattern really makes the usual 3.5 hour ferry sailing unbearable, and some sailings were cancelled.
Not this one, though.
The trip took nearly 11 hours, with the Kaitaki sheltering in Clifford Bay (or some reports are saying Cloudy Bay) for a few hours while conditions were at their worst.
But she arrived safe and sound, with the skipper doing an amazing job in the circumstances.
SME Online !
This will focus some of the information I am gathering about the development of SME online strategies and opportunities.
The internet is providing a new channel to market for businesses that may have lacked international exposure in the past. Success stories abound for those who take the plunge and develop a strong online presence.
Keep on looking here for tips and tricks on making your business successful !
The internet is providing a new channel to market for businesses that may have lacked international exposure in the past. Success stories abound for those who take the plunge and develop a strong online presence.
Keep on looking here for tips and tricks on making your business successful !
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