E-Business
Issue No. 5 - April/June 2002
State of IT - Short News
10th Birthday Buy for Recall
Leading Australian web developer Recall Design has celebrated its tenth birthday by buying out vital IP and key staff from defunct competitor, N-Space.
Adelaide-based Recall acquired innovative technology, including mature website content management software that complements its own content management system. Recall also acquired trademarks and domain names held by N-Space, a web application developer that collapsed late last year.
Established in 1991, Recall Design has forged ahead in the e-business and web application industry. Two years ago, the company gained enviable stability in its volatile sector by selling 50.1 per cent of its stock to accounting software leader, MYOB.
Recall Design CEO and founder Frank Falco said the N-Space acquisition opened an important window of opportunity for the company.
“We've gained about nine months in product development time over our competitors,” he said. “N-Space had invested heavily in some very clever technology that dovetails closely with our Content Management System, so buying it rather than building it represents clear value to us. This acquisition gives us some leading edge smarts, both in terms of staff and product development.”
Recall Design is currently working closely with former N-Space clients, including Hills Industries, Brock Barrett, Department of State Aboriginal Affairs and the SA Cricket Association.
Recall Design employs 22 people delivering services to clients nationally. It was recently listed as Australia's eleventh fastest growing technology company on Deloitte's Technology Fast 50 list. The company recorded revenue growth of more than 501 per cent during the past three years. The company's innovative web solutions deliver business gains for its clients that include leading companies such as Wendy's, MYOB, Adelaide Bank and Well.com.
Pole position in the USA technology market
Ex-Adelaid...
