Shares in troubled software group iSoft took another hit after it said an initial investigation into possible accounting problems showed evidence of irregularities affecting the financial years ended 30 April 2004 and 2005.
Troubled software company iSoft suspended its commercial director Steve Graham after an initial investigation into alleged accounting irregularities, and said there are grounds for a "more formal investigation" that analysts suggest could lead to legal action.
Two Kiwi accounting software firms have changed hands and more are expected to go under the hammer in what appears to be the start of a new round of consolidation of the sector.
LONDON (AFX) - Troubled healthcare software supplier iSOFT Group PLC said it has suspended its commercial director after an initial internal investigation found evidence of accounting irregularities in the 2004 and 2005 financial years.
Database management software maker Quest Software Inc. said Tuesday it booked a 19 percent increase in revenue during the second quarter, but said it would delay filing its complete results until a probe of its stock options practices is concluded.
