Sign up for our newsletter - Navigating the horizon of business technology​
Technology / AI and automation

WICAT TO SELL ITS AUSTRALIAN UNIT TO FUJITSU

Wicat Systems Inc, Orem, Utah is to sell its Australian subsidiary, Wicat Systems Pacific Pty Ltd, to Fujitsu Australia Ltd – but will be selling it for less than book value. Terms were not disclosed, but the educational computer systems company, which says the $3m-a-year Australian and New Zealand business does not fit its current focus, will take a $1.5m reserve against the sale with its fourth quarter figures, reported in CI No 921.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.