iSoft to sell one of its subsidiaries9th December 2010
iSoft is planning to sell its iSoft Business Solutions subsidiary, according to a newspaper report.
The Sunday Times claims that the software firm, which is in negotiations with its bankers over debts of AUS $240m (£152m), is planning to offload the subsidiary, which designs finance systems for the NHS. The report says that iSoft Business Solutions has offices in Dublin and Belfast and made a loss of £634,000 last year despite sales of £3.5m. It says iSoft has yet to find a buyer.
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Title: iSoft to sell one of its subsidiaries
Author: Mark Nicholls
Article Id: 16975
Date Added: 9th Dec 2010