TASE-listed computer services company MLL Software & Computers Industries announced today that it was negotiating to buy two Israeli companies that operate in its field.
MLL CEO Yair Feldman told “Globes” that negotiations with one company were at an advanced stage and that a signed agreement was expected within two months. Negotiations with the other company were at a preliminary stage, Feldman added.
The Tel Aviv-based company also said its order backlog reached NIS 20 million in the first quarter of 2002, a 300% increase from backlog a year earlier. The orders received were for computerized banking systems, human resource management programs, Internet applications and electronic archiving systems.
MLL Software & Computers Industries is comprised of three divisions. The Human Resources and Payroll division provides human resource handling and payroll solutions; the Software Development division deals in the research and development of software packages such as turnkey projects; and the Banking and Financial Market Services division provides software solutions and consultant services for banks and brokerages.
For the first quarter of 2002, MLL reported that revenue totaled NIS 11.18 million, a 11% increase from revenue a year earlier. Net loss was NIS 2.4 million in the first quarter, compared with a loss of NIS 3.5 million in the preceding quarter.
Published by Globes [online] - www.globes.co.il - on 17 June, 2002