The Channel logo
The Channel uses cookies. Find out more.

News

By | Drew Cullen 1st April 2008 20:15

EMC buys Brit Microsoft shop

Kerching for Conchango shareholders

Sponsored: Creating the Storage Advantage

EMC is buying Conchango, a UK-based Microsoft-shop for £42m ( $84m). That's a little more than '07 revenues (£38m) and 30 times pre-tax profits (£2.8m) for the AIM-listed firm.

Conchango's "300 professionals" supply IT consulting services for the likes of Tesco, Virgin Atlantic and SKY. It builds big ecommerce websites too.

Conchango bosses Mike Altendorf and Richard Thwaite will run the show post acquisition, this time as heads of EMC's European Microsoft consulting business, within EMC's Consulting & Solutions Integration Services (CSIS) organization. How will that fit on one business card?

EMC has 12,000 worker bees in its global services division. This gives it a useful safety net in the wake of the inevitable fall in prices in its core storage business. Of course, it could always sell more of VMware, the virtualization wonder stock, before that price bubble bursts. ®

Sponsored: Creating the Storage Advantage

comment icon Read 3 comments on this article alert Send corrections

Opinion

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Chris Mellor

All that is storage does not beget gold
Lost

Features

Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini
You see a diversity tickbox nightmare, I see human beings
hands waving dollar bills in the air
AWS and Salesforce match up to Ellison's hardware