Less Ads, More Data, More Tools Register for FREE

Pin to quick picksK3 Business Technology Group Regulatory News (KBT)

Share Price Information for K3 Business Technology Group (KBT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 95.50
Bid: 94.00
Ask: 97.00
Change: 0.00 (0.00%)
Spread: 3.00 (3.191%)
Open: 95.50
High: 95.50
Low: 95.50
Prev. Close: 95.50
KBT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Strengthening of IKEA relationship

10 Jun 2010 07:00

RNS Number : 3555N
K3 Business Technology Group PLC
10 June 2010
 



AIM:KBT

10 June 2010

 

 

 

K3 BUSINESS TECHNOLOGY GROUP PLC

("K3" or "the Group")

 

Announces

 

Strengthening of Relationship with IKEA

 

K3, which provides Enterprise Resource Planning ("ERP") solutions to the supply chain industry, is pleased to announce a strengthening of its relationship with Inter IKEA System B.V. ("IKEA"), the global home furnishings business, with IKEA naming K3 as its sole outsourced provider of Retail ERP software packages for its franchisee network on a global basis.

 

After a comprehensive review of its global IT requirements, IKEA has decided that all its franchisees must adopt an IKEA standard IT platform. K3's retail software operation based in Holland is already IKEA's software partner of choice for 10 of its franchisees, with K3 having developed the IKEA Master Version of Microsoft Dynamics for these countries. IKEA's decision to move all remaining franchisees to a standard ERP system means the likely extension of K3's retail software solution into new territories over the next 36 months.

 

The standardisation of IKEA franchisees' IT platforms is expected to deliver phased revenues to K3 over the course of the next 36 months and will help to underpin the performance of K3's Retail Software Division over this time.

 

Andy Makeham, Chief Executive of K3, commented,

 

"Through our Dutch operations, K3 has a long standing relationship with IKEA, having developed, and owning the IP for, the IKEA Master Version of Microsoft Dynamics. Over the years, this relationship has deepened as our ERP software has been implemented across Western Europe, the Middle East, Asia and Australasia.

 

IKEA's decision to standardise its ERP platforms should significantly benefit K3. It is also a significant endorsement of both the quality of our software and service levels, and should help to underpin the performance of our retail software division over the next two or three years."

 

Enquiries:

K3 Business Technology Group plc

Andy Makeham, Chief Executive

T: 0161 876 4498

David Bolton, Chief Finance Officer

 

 

Biddicks

Katie Tzouliadis/Sophie Lane

T: 020 7448 1000

Canaccord Genuity

Simon Bridges

T: 020 7050 6500

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSSFFIUFSSELM
Date   Source Headline
26th Nov 20147:00 amRNSAppointment of Chairman
26th Nov 20147:00 amRNSAGM Statement
14th Nov 20143:17 pmRNSDirector/PDMR Shareholding
4th Nov 20147:00 amRNSGains membership of Microsoft's GISV programme
3rd Nov 20143:05 pmRNSDirector/PDMR Shareholding
7th Oct 201411:24 amRNSDirector/PDMR Shareholding
6th Oct 20141:58 pmRNSExercise of options & Director's dealings
6th Oct 201410:47 amRNSAnnual Financial Report
2nd Oct 20148:51 amRNSSIP Announcement
15th Sep 20147:00 amRNSFinal Results
1st Sep 20142:15 pmRNSSIP announcement
1st Aug 201412:40 pmRNSSIP announcement
28th Jul 20147:00 amRNSAcquisition
14th Jul 20147:00 amRNSTrading update
8th Jul 20143:45 pmRNSExercise of options
1st Jul 201411:09 amRNSDirector/PDMR Shareholding
30th Jun 20149:04 amRNSHolding(s) in Company
27th Jun 20147:00 amRNSRetirement of Chairman
3rd Jun 201410:49 amRNSExercise of Options
2nd Jun 20142:00 pmRNSSIP announcement
29th May 20147:00 amRNSNon-Executive Director Board appointment
12th May 201412:59 pmRNSExercise of options
1st May 20146:19 pmRNSSIP Announcement
1st May 20146:16 pmRNSSIP Announcement
25th Apr 20144:20 pmRNSExercise of options
7th Apr 20146:12 pmRNSExercise of options
25th Mar 201411:53 amRNSExercise of options
17th Mar 20147:00 amRNSHalf Yearly Report
3rd Mar 201412:25 pmRNSDirector/PDMR Shareholding
28th Feb 20141:25 pmRNSExercise of options
17th Feb 20145:04 pmRNSHolding(s) in Company
4th Feb 20142:46 pmRNSHolding(s) in Company
3rd Feb 20146:29 pmRNSHolding(s) in Company
27th Jan 20143:56 pmRNSHolding(s) in Company
27th Jan 20147:00 amRNSBoard Changes
22nd Jan 20143:41 pmRNSHolding(s) in Company
20th Jan 20147:00 amRNSTrading update
17th Jan 201410:49 amRNSExercise of options
13th Jan 20143:27 pmRNSReplacement Announcement
7th Jan 201410:21 amRNSExercise of share options
3rd Jan 20149:15 amRNSDirector Shareholdings
19th Dec 20132:15 pmRNSExercise of Options
13th Dec 20133:20 pmRNSDirector/PDMR Shareholding
6th Dec 20133:31 pmRNSDirector/PDMR Shareholding
2nd Dec 20134:17 pmRNSDirector/PDMR Shareholding
27th Nov 20136:18 pmRNSResult of AGM
27th Nov 20137:00 amRNSAGM Statement
1st Nov 201310:54 amRNSSIP Announcement
3rd Oct 20133:25 pmRNSAnnual Report and Accounts
1st Oct 20131:06 pmRNSSIP Announcement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.