London-based Trace Computers is expecting to restructure radically its businesses following disappointing half-year results. It slipped into the red last year, filing a loss of u50,000 for the six months ended November 30 1995, compared with profits of u223,000 for the same period in 1994.
Turnover rose by 8.4 per cent to u10.3 million. Trace blamed the loss on the cost of developing Trafic, its interface to Crest, the electronic share settlement system that was canned by the London Stock Exchange.
Within the next six months the company hopes to sell off part of its business in the UK and will rationalise its workforce. Richard Wolfe, Trace managing director, said: 'We will go through some form of restructuring, most likely in human resources, to make sure we run more efficiently. We haven't done any since we went public in the late 80s. Six companies in the UK is just too many.' Trace is investing heavily in Microsoft and will become a solution development partner to benefit from the demand for Exchange. Microsoft Atec Barefoot is helping Trace shift from a Unix-based to a Microsoft-based services firm. David Botten, Trace business development manager, said Barefoot gave the best MS training.
CRN's Nima Green caught up with Chris Labrey for a quick Q&A at CRN's recent European Channel Leadership Forum
We caught up with the Atea chief exec at CRN's European Channel Leadership Forum in London
Andy Gillett has been appointed GM for the UK and Ireland
UK is one of two countries to see rollout of vendor's newest subscription service