Wyse changes ownership, appoints new boss
Print storyThin deal for thin clients
Posted in IT Channel, 14th April 2005 09:31 GMT
Free whitepaper – Why email fails
Wyse, the veteran thin client hardware maker, is now owned mostly by a California private equity firm, which has bought “a controlling stake” in the company for $35m.
As Wyse has a turnover of $175m, the purchase price for this unspecified stake appears to be on the thin side too, perhaps reflecting a less than sunny outlook for thin client hardware.
But no, Garnett and Helfrich Capital, a start-up venture buyout fund based in San Jose, is gunning for sales of $1bn by 2010 for its new baby. The firm has bought its stake from the Koos Group, a big Taiwanese conglomerate, which will retain an unspecified “ownership position” in Wyse.
They aim to “bolster Wyse’s software business and support the company’s movement into underserved Asian markets”. A new management team led by John Kish, a so-called CEO in residence at Garnet and Helfrich, has been installed at Wyse to make it all happen. ®
Free whitepaper – Solving on-premise email challenges with on-demand services
Essential archive requirements for eDiscovery
Image spam: the threat returns
Jump start your Application Security initiatives
The shortcut guide to managing certificate lifecycles
Sign up, sign up for The Register IT security newsletter
Former top Sun exec mourns end of a franchise
Win an HTC Touch Diamond2!
Disties braced for autumn reseller collapses