Paul Everingham-chaired resources sector IT solutions provider Cirrus Networks entered an ASX trading halt shortly after revealing a partnership with AI computing firm Nvidia today.
Our board moves wrap includes Krista Bates, Lee Goddard, Eric Streitberg, Kelly Moore, Michelle Kennedy, Catherine Anderson, Scott Mathewson, Alan Rule, Michael Fry, Susan Park, and Evan Hayes.
Our board moves wrap includes Heather Zampatti, Paul Everingham, Andrew Milner, Barnaby Egerton-Warburton, Jenn Morris, Matthew Worner, Paul Graham-Clarke, Amber Banfield, and Ian Murray.
A hostile takeover of local IT services firm Cirrus Networks has escalated, after its Victorian bidder alleged the target made a number of inaccurate statements that could mislead shareholders.
The board of Cirrus Networks has pleaded with its shareholders to reject what it described as a hostile takeover offer by Webcentral Group, calling on them to “stop the theft”.
The board of Cirrus Networks has continued to reject an unsolicited takeover proposal from Webcentral Group, after an independent expert deemed the offer unfair and unreasonable.
Paul Everingham has revealed his intention to leave Cirrus Networks if shareholders vote in favour of appointing two directors from unsolicited bidder Webcentral Group.
Cirrus Networks' board has continued to reject a takeover proposal made by Webcentral Group, which is now seeking to remove three directors of the local IT services firm.
The board of Cirrus Networks has rejected what is calls an inadequate takeover bid from Webcentral Group that valued the Perth-based IT services business at about $30 million.
Cirrus Networks has become the second Perth-based IT services firm to receive a takeover offer in recent weeks, after Victoria's Webcentral Group made an on-market bid.
Shares in Cirrus Networks rocketed early this morning but eased off during the day, as the market digested a trading update detailing several completed contracts.
Cirrus Networks says it has won two contracts with the Western Australian government worth a combined $5.5 million, less than a week after it announced it secured a $5 million contract with the Australian Capital Territory government.
Two Perth companies have announced board moves with political connections, with Austal director Jim McDowell leaving to take a powerful job with the South Australian government and IT company Cirrus Networks appointing Paul Everingham as a non-executive director.
West Perth-based Amristar Solutions has secured a $4.5 million state government contract for ICT services, while ASX-listed Cirrus Networks has been awarded a $2.5 million contract to manage data services for Crown Resorts.
Mark Connelly-led Tao Commodities is set to commence trading on the ASX on Monday, after the junior explorer raised $4.7 million via an initial public offering.
Cirrus Networks has appointed Glenn McAtee as WA State Manager. Mr McAtee was state manager of Data#3 for almost 6 years and has over 30 years of experience in the IT industry.
Dr Mark Elliott has been appointed non-executive director of Aruma Resources. Dr Elliott is a chartered professional geologist with 40 years' experience in the resources industry.
The founder of ASX-listed IT company Cirrus Networks has stepped down from the company's board after undergoing heart surgery and forming plans to move overseas.
IT company Cirrus Networks has entered into an agreement to acquire Melbourne-based NGage Technology Group in a cash-and-scrip deal worth $2.5 million.
Cirrus Networks has been earmarked for a contract to provide IT managed services to heavy earthmoving equipment supplier Emeco Holdings for an undisclosed sum.
SPECIAL REPORT: The ubiquitous influence of the internet in modern business has brought an uptick in investment in Perth's data storage capacity, and into new high-speed subsea cables.
