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What's Up at InfoVista?

10:20 AM -- French Service Provider Information Technology (SPIT) vendor InfoVista SA has suspended trading in its shares ahead of a press release announcement due in the next few days.

While there's a lack of gossip about any potential M&A action, the decision seems to point to impending news of the company's sale. Its share price on the Paris exchange is currently frozen at €3.50, valuing the network performance management specialist at about €56 million (US$74.2 million).

InfoVista has been hit lately by the slowdown in carrier spending in Europe, where it generates more than half its sales. In its fiscal first quarter ending Sept. 30, the company reported revenues of €9.6 million ($12.7 million), down nearly 12 percent, though it was expecting business to pick up in the current quarter.

The French firm, though, is profitable (just) and very experienced and has been using its knowledge of network performance characteristics to develop capabilities for cloud services monitoring. (See InfoVista Manages the Cloud.)

If the impending news is a trade sale, it'll be interesting to see who's interested in those assets.

InfoVista had not responded to questions about the impending announcement as this article was published.

— Ray Le Maistre, International Managing Editor, Light Reading

digits 12/5/2012 | 4:46:09 PM
re: What's Up at InfoVista?

Shares have been suspended for a week now and still silence from InfoVista... In the words of Magic Marvin, "What's Going On?"

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