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Industry: Email Alert RSS FeedIBM Specialist Syan Looks to IPO
Computergram International, April 13, 1999
Syan Ltd, a UK-based IBM midrange outsourcing firm, is planning an IPO after 12 months when both revenue and net income rocketed. After the most successful year in the company's history, pre-tax profit rose 228% to 2.5m pounds ($4.5m) on revenue that was 161% higher at 17.5m pounds ($28.3m).
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Chairman Jeff Trendell attributes the strong results to the growing number of companies outsourcing their IT functions.
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