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Local software house seeks €50 million

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http://www.itwire.com – Parramatta based software company E-tivity Corporation wants €50 million to fund its ambitions. It’s an ambitious target for the workforce management solutions business which has 30 staff, a turnover of just $3.6 million and around 250 customers, especially given the current economic climate in Europe where the company hopes to float. (IT news)