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Business briefs

Quantum leaps

SYDNEY - Quantum Asia-Pacific has reported its parent company had a net income of $US104 million on revenues of $US1.55 billion for its second fiscal quarter for the current financial year. Last year the corresponding results were a net income of $US4.6 million on revenues of $US1.12 billion. The company said the results were achieved with strong sales of its DLT brand tape drive and its desktop hard disk drives.

Banyan awards reseller

PERTH - The Net Effect, a systems integrator based here, won an award for the best support provider for Banyan in Australia and New Zealand. With just 12 employees, the company services major Banyan users such as WA's Department of Fisheries and Department of Conservation and Land Management as well as local businesses. The award was made in recognition of The Net Effect's five-year record of excellent service.

Corel offloads more products

OTTAWA - IMSI, the CAD software developer, is to buy Corel's CAD, diagramming and consumer software products. These include CorelCAD Modeler, CorelCAD Technical and Corel Family Publisher. The deal will be paid for in shares and cash valued at $US5.6 million.

Citrix still running hot

SYDNEY - Hot on the heels of buying DataPac, its Australian distributor, Citrix Systems has announced its thin-client/server architecture has passed the one million user mark. Last month it paid out $US5 million for DataPac's operations. That had little impact on Citrix's results for its most recent quarter - it reported record revenues of $US34.9 million from $US11.7 million. The company also announced a deal with Compaq that will see Citrix and Compaq jointly marketing Citrix WinFrame thin-client/server software with Compaq's hardware.

Masterpack secures $13m funding

SYDNEY - Masterpack International, a locally-owned business software company, has secured venture capital of $13 million from TL Ventures, a leading US technology-oriented venture capital company. According to Tim Tyler, managing director of Masterpack, his company came close to securing local venture capital earlier this year but US venture capital companies look to partner their investments rather than just act as bankers.


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