| 7.5°C Dublin

Bruton to establish 'cloud' study group

ENTERPRISE minister Richard Bruton is to establish a working group to investigate the use of cloud computing in the public sector. Mr Bruton said he was proposing the setting up of a "cross-government implementation group" to study the viability of using cloud computing for government business. "It is crucial that the Government, as a major user of IT, takes a lead in this area," he said.

Pageant ups stake in Datalex to 4.4pc


PAGEANT Holdings, the investment vehicle controlled by businessman Nick Furlong, has further increased its stake in travel software firm Datalex. A filing to the stock exchange yesterday evening indicated that Pageant now controls 4.4pc of Datalex stock, up from 3.6pc previously.

Enet links up with Eircom for Birr deal


ENET, the private company that manages the State's metropolitan-area fibre networks, has inked a deal with Eircom to use the telco's next-generation ethernet product to provide backhaul connectivity in Birr, Co Offaly. Enet chief executive Conal Henry said the deal was a "major breakthrough" in providing open-access broadband in the town.

Settlement talks on AIB junior bonds


SETTLEMENT talks began yesterday in the High Court challenge by Cayman Islands investment firm, Aurelius Capital Master Ltd, to a Ministerial order clearing the way for some burden-sharing by junior bondholders in AIB. Mr Justice John Cooke adjourned the matter to today when a settlement may be announced.

Prime Active posts €1m earnings


PRIME Active Capital, the listed Dublin-based investment firm whose assets include a chain of 80 mobile-phone outlets in the US, managed to significantly improve its financial position last year, posting earnings before interest and tax of €1m, compared with a €1.7m loss in 2009.

Irish Independent