Latest Portrait Software News: Finextra Research

AIT releases Portrait .NET upgrade

UK financial software house AIT has released the latest version of its .NET-based Portrait customer relationship software package.

14 July 2003

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Nationwide completes second-phase CRM roll-out

Nationwide Building Society has completed the second phase of a multi-year customer relationship management project to give employees the tools to treat customers as individuals across multiple channels and products.

26 June 2003

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AIT losses grow as revenues dive

AIT, a supplier of customer relationship management software to the banking sector, is reporting a 51% drop in turnover for the year ending 31 March 2003, and operating losses of £16.7 million.

25 June 2003

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AIT teams with Kawatetsu Systems to target Far East

UK CRM vendor AIT is partnering with Kawatetsu Systems (KSI) to develop a Kanji-based version of its flagship product Portrait, aimed at the Japanese market.

07 March 2003

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AIT shares hit new low as trading resumes

Share in AIT plunged to a new low of 5.5 pence as trading resumed this morning, almost halving in value after yesterday's publication of worse-than-expected full year losses.

09 August 2002

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AIT board to resign at extraordinary general meeting

The entire board of AIT is to resign at an extraordinary general meeting called to approve a refinancing agreement for the embattled UK CRM vendor.

07 August 2002

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AIT hammers out refinancing agreement

Embattled AIT Group has agreed terms for the take up of an immediate interim loan finance facility from a group of investors led by Richard Hicks, a non- executive director and founder and former chairman of the company.

01 August 2002

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AIT receives refinancing proposal

The board of AIT Group has received a refinancing proposal from a group of investors led by Richard Hicks, a non executive director and the founder and former chairman of the company, which would provide immediate interim loan finance in exchange for a future share sale.

16 July 2002

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AIT suspends shares as credit dries up

Trading in shares of cash-strapped customer relationship management outfit AIT has been suspended while the company tries to find a buyer to resolve its ongoing liquidity problems.

19 June 2002

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AIT for sale as audit uncovers further shortfalls

UK customer relationship management vendor AIT has postponed publication of its preliminary results and put itself up for sale after uncovering further unexpected shortfalls in revenues and profit.

13 June 2002

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AIT suffers cashflow crisis as profits warning stuns City

AIT Group, a UK-based supplier of customer relationship management systems for banks, has suffered its biggest ever one-day decline in stock market value after warning of a surprise £1.1 million shortfall in revenue for the year ended 31 March due to an unexpected contract delay.

31 May 2002

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AIT partners CPM for Brazilian sales push

AIT Group has forged an alliance with Brazilian systems integrator CPM to roll out customer relationship management (CRM) solutions across South America.

15 May 2002

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