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THE board of Bravura Solutions has agreed to a $246 million takeover offer from local private equity firm Ironbridge Capital.

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RadioFrame Networks, a developer of small footprint, low-cost wireless base stations, is supplying its software-controlled S-Series picocell solution to form part of Orange’s Onsite Coverage service.

Security and storage software provider Symantec has reported net profit of $186m for the fourth quarter of 2008, compared to $61m in the year-ago quarter, on revenue up 13% at $1.54bn. Net profit for the year was up 15% at $464m, on revenue that rose 14% to $5.9bn.

Mid-market ERP vendor Epicor Software has reported a net loss of $6.9m for the first quarter 2008, compared to net profit of $4.4m last year, on revenue up 8.7% at $102.2m.

Bolivian President Evo Morales has announced the nationalization of Entel, a subsidiary of Telecom Italia. The government holds a 47% stake in the company. Morales announced plans to buy back a majority of the former state company last year, but negotiations with Telecom Italia have dragged out.

The ISO’s OpenDocument Format (ODF) is broken and needs to be mended, according to an expert who claims to have carried out tests on the standard.

YAHOO faces growing pressure to find an alternative strategy to Microsoft’s $US47.5 billion takeover offer after it went sour.

OPTUS chief Paul O’Sullivan says the $4.7 billion national broadband contract should have a five-month deadline extension.

Not content with its plans to corner the Small and Medium Business market (SMB), IBM is now apparently looking to strike a deal with Google which would help it flog desktop applications to big businesses.

Bluescreen | Australian government to draft Lara Bingle to promote our fullsome IT industry — slogan: “where the bloody hell is IT?”