Picture of iSoft headquarters
Saga of iSoft merger is nearing an end

Shareholders back sale of iSoft

Delayed sale of troubled software firm to go ahead

Written by Dave Friedlos

Shareholders in troubled NHS software supplier iSoft have almost unanimously accepted a proposed takeover bid from Australian software firm IBA Healthcare.

More than 97 per cent voted in favour of the merger, which had been in question after key customer CSC moved to block the sale of iSoft.

CSC, which oversees some 60 per cent of the £12bn National Programme for NHS IT (NPfIT) initially blocked the takeover because of concerns about delivery of iSoft's Lorenzo software for the project.

The dispute was resolved with CSC agreeing to take on greater management control for the delivery of Lorenzo, while iSoft retained intellectual property rights.

The sale was approved after votes at a court meeting and extraordinary general meeting both ruled in favour of the takeover.

The £142m merger remains subject to a hearing in the High Court of Justice for England on 25 July.

reader comments

related articles

Picture of iSoft HQ

CSC considers iSoft bid

iSoft has dropped plans for legal action, fuelling rumours of a deal 06 Jun 2007

 

iSoft confirms legal action

iSoft accuses CSC of not explaining block of takeover deal 05 Jun 2007

IBA Health takes on iSoft

Deal could create positive opportunities for the NHS 24 May 2007

CSC and iSoft resolve dispute

Sale of troubled software supplier to go ahead 18 Jun 2007

CSC to block IBA Health iSoft bid

Services giant has step-in rights from National NHS Programme business 29 May 2007

NHS trusts not allowed to seek alternative patient record systems

Department of Health rejects MPs calls for six-month deadline on rollout of summary care records 14 Apr 2009

Copyright groups want action against downloaders

UK creative industry wants ISPs to enforce rules following French vote 13 May 2009

NHS given six months to get IT right

Local trusts must be given autonomy if central approach is still not working in six months, say MPs 27 Jan 2009

related whitepapers

today's top stories

Best practice: Five steps to achieving your e-commerce goals

Brian Walker of Forrester Research gives his top tips for ensuring e-commerce success 06 Jul 2009

Google meets the NHS? Politicians show their IT naivety again

The Tories like technology. They increasingly seem to think IT is going to help them win the General Election due next year.... 06 Jul 2009

How to maximise the value of your IT networking investment

A panel of experts discuss networking strategies that deliver real value to business 03 Jul 2009

Reaching the email zero count

I have noticed something quite bizarre today. Both my inboxes (work and personal) are empty – somehow I have managed to work... 06 Jul 2009

Habitat gets a web site makeover

The furniture retailer is revamping its online presence to provide a fully transactional web site. CIO Jacques Dekock explains why 02 Jul 2009

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

More available - click 'submit' to view

Existing User

Newsletter user login:

Advertisement

Jobs

Related jobs

Job of the week

Job alerts

Sign up here

Find your next job

IT Salary Checker

Check salary here

Advertisement

White papers

Search white papers

Top categories

VPN, Extranet and Intranet Solutions

WAN/ LAN Solutions

Network Security

Interoperability-Connectivity

Grid/ Utility Computing

Latest poll

Would you use social networking sites to look for a job?

Would you use social networking sites to look for a job?

Tell us what you think about job hunting through LinkedIn, Facebook, Twitter etc

View poll results

Latest audio and video articles

network cablesVideo

How to maximise the value of your IT networking investment

A panel of experts discuss networking strategies that deliver real value to business 03 Jul 2009

green footprintsVideo

How to manage enterprise energy use - and the role IT can play

A panel of experts explore how firms can get to grips with their carbon footprint and make smarter use of energy 01 Jul 2009

Latest in-depth articles

Phil PavittAnalysis

From tracks man to tax man

Phil Pavitt, outgoing chief information officer for Transport for London, talks to Rosalie Marshall about the lessons he will take to his new role at HMRC 02 Jul 2009

UPS worker making a deliveryAnalysis

Global standardisation delivers benefits at UPS

Delivery giant sees benefits of central IT solution 02 Jul 2009

Advertisement

Primary Navigation