ICL hives off its training division
Thursday 01 October 1992
The new company, known as Peritas - derived from a Latin word meaning expert and skilful - will be run as a wholly-owned subsidiary of ICL, which itself is owned by Fujitsu of Japan.
It will be one of the UK's largest information technology training companies, training more than 40,000 people a year and achieving annual revenues around pounds 20m.
ICL, which last year saw profits fall from pounds 110m to pounds 62m on increased turnover of pounds 1.88bn, has long been committed to training and research and development.
The move is part of its commitment to open systems and its corporate strategy aimed at targeting itself at software and services rather than hardware. In the past three years it has set up several joint ventures and autonomous companies serving these areas.
Although ICL will continue to account for a significant share of its business, the company aims to expand its range of clients while doubling its revenues within the next five years.
Ken Street, Peritas general manager, said: 'The combination of our technology expertise with the management skills of our training consultants will enable Peritas to provide independent training and business needs analysis at all organisational levels.
'With some companies being almost entirely dependent on IT, it is paramount that training needs are looked at in the context of the broader business perspective to ensure that IT investment is utilised fully and competitive advantage achieved.'
It also seeks to be a pioneer in the development of information technology training throughout Europe as part of a plan to gain a large share of the wider education and training market, valued at more than pounds 33bn in the UK alone.
ICL's staff training division will remain in-house.
Diving in at the deep end is no excuse for shirking the style stakes
- 2 Why I'm on the brink of burning my Israeli passport
- 4 War is war: Why I stand with Israel
- 5 Blackest is the new black: Scientists have developed a material so dark that you can't see it...
Ian Thorpe gay: Olympic swimmer comes out in Parkinson interview
Stephen Fry ‘criticises Operation Yewtree in dinner party rant’ calling for tougher laws to deter false sex abuse allegations
Israel-Gaza conflict: ‘Sderot cinema’ image shows Israelis with popcorn and chairs 'cheering as missiles strike Palestinian targets'
Israel-Gaza conflict: Israeli air strike destroys home for the disabled killing two women residents
Israel-Gaza conflict: Israeli PM says conflict may 'continue for a long time' as hundreds of Palestinians flee their homes
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
iJobs Money & Business
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...