• Contact
  • Feedback
Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Navman eyes off Australian opportunities

24 October 2007 4:44PM
Cadmus currently supply terminals to Bendigo Bank merchants in Australia and have recently rolled out the CP03 POS terminal. This has helped Cadmus record something of a recovery in the September quarter and return to a positive trading position."We are very pleased with the Bendigo deal, they are a great bank and that is a fantastic arrangement we have with them," said chairman Peter Maire yesterday."Cadmus is a company that is pretty well vertical in a sense. We are developing hardware and software and even taking it all the way to the merchant, in the case of our relationship with Bendigo," said Maire yesterday "Provenco on the other hand source hardware from third parties and have a strong 'go to market' capability in a lot of key markets."Cadmus spent a lot of time and resources in 2006 talking with Intellect Holdings (listed on the ASX) about a merger, which never happened. Maire says that deal is now firmly back on the table."I still believe that makes sense," said Maire yesterday. "Cadmus as an entity really didn't have enough strength or management depth before to make a merger with Intellect work. "When this is bedded down, we will definitely be revisting the Intellect deal. There are a number of opportunities in Australia and globally that we want to look at."Provenco has been focused on selling its pay at the pump technology in Asia and has recruited former Shell Australia executive David Ritchie and a host of other oil industry types over the last few years.  The Asian projects have suffered delays and the company faces renewed competition in some of its key Asian markets, especially Malaysia.Almost two thirds of Provenco's revenue comes from Australian retail technology distributor Vantex. Provenco has been buying up smaller distributors (eight last financial year) and rolling them into Vantex."I love the Vantex business," said Maire. "Matt Maley [CEO of Vantex] is doing a great job. I see a tremendous amount of opportunity to create product for Vantex and to use Vantex internationally to take things to market."

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now

Finance regulation

  • States take up the cudgels on eConveyancing
  • Firstmac failed design and distribution rules
  • 'Minimal' bankruptcy reforms tabled by Dreyfus

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con
  • Credit quality dogs Zip turnaround

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use