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Articles about Acquisition

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WD’s revenue wheels have fallen off. Profits are sinking, too

WD is experiencing global disk drive cooling as the slowing PC jetstream and flash El Nino jointly disrupt the HDD environment. But that's enough in the meteorological metaphor line. WD revenues fell 21 per cent year-on-year to $2.8bn in WD’s third fiscal 2016 quarter, which closed April 1. The quarter-on-quarter compare …
Chris Mellor, 29 Apr 2016

VMware cloud gros fromage packs his bags and takes a hike

At some point you have to say this is starting to look like a rout. VMware EVP Bill Fathers is taking a hike, no longer content to be general manager of the cloud services business unit. Father's responsibilities will be shared between two cloud co-general managers, Allwyn Sequeira and Laura Ortman, who will report to VMware …
Chris Mellor, 28 Apr 2016

Hewlett Packard Enterprise: Wanna walk the plank voluntarily? You got it

Exclusive Hewlett Packard Enterprise is to initiate a voluntary redundancy (VR) option nearly two months after putting 1,092 UK staff in Enterprise Services (ES) on the chopping block. Techies at HPE were told they were in scope for compulsory job cuts in March including 780 in IT Outsourcing and 173 from the Application Business …
Paul Kunert, 27 Apr 2016

EE grows network by one-third, promises to build 750 new sites

EE has is expanding its 4G network by one-third to cover 95 per cent of the UK by 2020 – following its mega contract with the Home Office to provide emergency services coverage across the country. Under the plan the operator is building 750 new sites across the country in a bid to eradicate "notspots". It is the first major …
Kat Hall, 25 Apr 2016
K2

Dell looking at higher debt mountain to buy EMC

Dell is facing its EMC acquisition debt mountain growing yet higher because the Wall St bond market will need higher interest payments to fund the deal. That could highlight product overlap costs to ex-money man David Goulden who will run the new Enterprise Systems Group, covering its servers, storage, networking, converged …
Chris Mellor, 22 Apr 2016

SecureWorks' sorry IPO falls $48m short of aim

In the first initial public offering of the year in the technology sector, Dell's infosec subsidiary SecureWorks has raised much less than expected. Despite plans to raise $160m with the IPO, Dell has pocketed only $112m after selling eight million shares at $14, merely 70 per cent of its aim. The squib of an IPO is …
Man loads in blanket into the washing machine. Photo by Shutterstock

EMC results: It'll all come out in the post-Dell deal wash

+Comment EMC saw many pockets of growth in its first fiscal 2016 quarter’s results but overall revenues declined because core legacy product revenues fell, as did RSA and the enterprise content business. These declines more than offset the impressive growth rates of newer products. In the EMC earnings call, CEO and chairman Joe Tucci …
Chris Mellor, 21 Apr 2016
BOLIVIA, UYUNI, 17 SEPTEMBER 2014 - Internet and mobile communications in Uyuni, Bolivia, South America - pic via shutterstock

Cashman steadies ship: EMC revenues shrink, profits fatten

EMC saw a slight revenue decline year-on-year in the first 2016 quarter, with Latin America a trouble spot. Revenues of $5.5bn were 2 per cent down year-on-year from $5.6bn. However profits, of $268m were 6.3 per cent higher year-on-year EMC’s first quarter is seasonally weaker than its fourth quarter and, indeed, the fourth …
Chris Mellor, 20 Apr 2016

VMware says users run away screaming after trying OpenStack

VMware has reported a cracking first quarter for 2016, with year-on-year revenue growth of five per cent making for a US$1.59bn revenue haul for the three months to March 31st. Not everything is rosy down VMware way: compute virtualisation sales were off ten percent and revenue down one point, as expected. Licence sales ticked …
Simon Sharwood, 20 Apr 2016
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Intel literally decimates workforce: 12,000 will be axed, CFO shifts to sales

Intel will axe 12,000 employees globally – more than one in ten of its workforce – as it moves further away from being a PC chip company. The layoffs are among the biggest into the company's history, and come as PC industry continues to tank harder than Intel expected. The Santa Clara-based biz sees a lot of growth in the …
Chris Williams, 19 Apr 2016

Gartner's broken out its crystal ball again. Huawei's object storage bods won't be happy

Comment Gartner's gurus have ranked the top twelve object storage suppliers in a Critical Capabilities report, with Cleversafe at the top and Huawei last. The report states: "Object storage is pervasive as the underlying platform for cloud applications that we consume in our personal lives, such as content streaming, photo sharing and …
Chris Mellor, 18 Apr 2016
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Dell slips Scality's RING onto its OEM finger

Dell has upgraded its nine month old Scality reselling deal, offering the SD7000-S file and object storage server running OEM'd Scality RING software. This follows on from the HPE-Scality deal with HPE investing $10m in Scality and selling its RING software with its Apollo 4000 and ProLiant servers. The purpose-built and …
Chris Mellor, 18 Apr 2016

Ruckus: A strong buy for Brocade, but leaves Juniper isolated again

Comment Pity poor Juniper. The networking company’s alliance with Ruckus Wireless last summer raised hopes that it would strike it third time lucky in the Wi-Fi market, filling the gaping wireless gap in its platform. Now Brocade has snatched carrier Wi-Fi leader Ruckus from under its rival’s nose with a $1.2bn acquisition. It's the …
Wireless Watch, 13 Apr 2016
Three store maidenhead

Ofcom wants you to thank it for resurrecting the spectre of BT's 1980s monopoly

Comment Years ago, we used to mock Ofcom for its Ofcom-branded bottled water, and its tediously technocratic “evidence based” approach, something which is actually enshrined in the 2002 Act that created it. Throughout its first decade, Ofcom chief execs stood regally above the fray, knowing that a regulator’s decision must be …
Andrew Orlowski, 12 Apr 2016
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Total cloud: Huawei's plan for planet's telcos and its own bottom line

Huawei reckons it can outgrow its enterprise competitors without seeking a bumper acquisition and is going to spend two years cloud-enabling its entire networks product line. Reports from the company's 2016 analyst summit in Shenzhen, China, suggest that rotating CEO Eric Xu (the company has three CEOs, who take six-month …
Suitcase full of money

Dell infosec unit SecureWorks given $1.42bn price tag in IPO

Dell's cyber security subsidiary SecureWorks has been valued at up to $1.42bn ahead of an initial public offering. SecureWorks filed to go public in December 2015. The S-1 form placed with the United States Securities and Exchange Commission (SEC) at the time offered a $100m placeholder figure before the valuation, though this …
Afraid of the dark, image via Shutterstock

Shall we? Shan't we? Nutanix inches towards IPO

Background + Comment Nutanix has filed an updated pre-IPO document indicating it could IPO sooner rather than later this year. The hyper-converged systems market, in which single scale-out products combine server compute, storage, networking and hypervisor software in one orderable entity with virtual SAN capability, is hot. In recent weeks: …
Chris Mellor, 08 Apr 2016
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Troubled Azzurri Comms offloaded to AIM-listed Maintel

AIM-listed comms and networking integrator Maintel has conditionally agreed to slurp struggling rival Azzurri Comms for £48.5m - a company that is twice its size. At the same time, the London-based Maintel confirmed it is also to place Ordinary Shares on the market at 700 pence each with the aim of generating roughly £24m to …
Paul Kunert, 08 Apr 2016
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Exertis slurps wireless distie Siracom

One of the UK’s bulkiest tech distributors Exertis has piled on a few more pounds by acquiring wireless infrastructure and security minnow Siracom for an undisclosed sum. Siracom, which also has offices in beautiful Basingstoke, sells products and services from vendors including Samsung, Fortinet and a bunch of lesser knowns. …
Paul Kunert, 07 Apr 2016

EMC said to be ditching Documentum business

EMC-Dell deal EMC’s Documentum business may be up for sale, as part of a non-core asset-ditching process during the Dell-EMC coming together. Bloomberg cites people familiar with the matter in a report claiming EMC will spin off Documentum while Dell will sell Sonicwall and Quest as a way of helping to lower the costs of the Dell-EMC …
Chris Mellor, 07 Apr 2016

Brocade stirs up a Ruckus, swallows wireless kit maker for $1.5bn

Brocade is buying Ruckus Wireless for cash and shares, valuing Ruckus at around $1.5bn, and giving it entry to the growing enterprise wireless networking market. The deal has been approved by both companies’ boards of directors. Ruckus stockholders will get $6.45 in cash and 0.75 shares of Brocade common stock for each share …
Chris Mellor, 04 Apr 2016

BlackBerry's still losing millions – but hit its revenue target, finally

BlackBerry has hit its target of earning half a billion dollars in software and services revenue over a full fiscal year, thanks to the acquisition of long time rival Good Technology as well as BB's patent revenue. The Canadian firm still has some way to go to being profitable, though, and the old phone business doesn’t seem …
Andrew Orlowski, 01 Apr 2016
Toshiba NAND wafer

NetApp ain't all that: Flashy figures show HPE left 'em for dust

After the news that EMC had topped the all-flash array revenue charts, we learn, courtesy of new Gartner numbers, that HPE also left NetApp for dust. Gartner kindly sent us their original numbers; we obtained the numbers we used in our previous story second hand. These new numbers show that HPE did considerably better in the …
Chris Mellor, 01 Apr 2016
IBM Headquarters, Armonk, NY

IBM snaps up small Bluewolf for reported $200m

IBM is set to buy its second CRM-as-a-service business this month, announcing the imminent acquisition of Bluewolf, a Salesforce partner, for a reported £200m. Bluewolf will join IBM's Interactive Experience (iX) arm, to provide Big Blue with Salesforcesque offerings in its customer relationship management. iX is an IBM …
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Michael Dell takes $11m pay hit

Michael Dell has taken an $11m (£7.7m) pay cut ahead of the company's $67bn gobble of EMC, according to a filing to US regulator the Securities and Exchange Commission. In January 2016, Michael Dell took home a total package of $2.4m - which included his salary of $950,000. The last available compensation table for Dell's top …
Kat Hall, 31 Mar 2016

NetApp dropped the ball by letting EMC gobble Data Domain

IDC has published its quarterly confirmation that EMC’s Data Domain is crushing the competition in the purpose-built backup appliance market. The analyst outfit’s Worldwide Quarterly Purpose-Built Backup Appliance Tracker for 2015’s fourth quarter lists the top five vendors’ revenue amounts and shares for both the 2015 and …
Chris Mellor, 29 Mar 2016

Whatever happened to ... Nest?

Remember Nest Labs? Google spunked $2bn (£1.41bn) on the home appliance outfit two years ago. The acquisition was supposed to put Google-owner Alphabet at the heart of the "internet of things," and in the consumer mainstream. Nest cofounder Tony Fadell had been the design force behind the iPod as a contractor. Google mostly …
Andrew Orlowski, 29 Mar 2016
Michael Dell, photo: Dell

$3bn for an IT services outfit? Bloody Dell!

NTT Data says it will be acquiring the IT services branch of Dell in a reported $3bn deal. The Japanese IT services giant said it would be taking on Dell Services as part of a push to expand its reach globally as a provider. In particular, NTT Data says that the deal will boost its presence in North America and extend its …
Shaun Nichols, 28 Mar 2016

BT: We're killing the dabs brand. Oh and can customers re-register to buy on our site?

BT is celebrating the 10-year anniversary of its dabs.com acquisition by dumping the online gadget souk's brand and “inviting” customers to re-register their trading account. In a note to punters, the Brit telco monopoly confirmed that on 11 April it is taking the name outside to be shot, “moving forward with just our BT …
Paul Kunert, 23 Mar 2016
Vader

EMC mulled a Pure Storage buyout amid patent sueball tennis

Three months before EMC bought DSSD in May 2014, the storage goliath was thinking about buying Pure Storage. EMC even admitted in emails that its rival would always win out in head-to-head proof-of-concept de-dupe battles. This is according to internal emails disclosed during EMC's patent infringement lawsuit against Pure …
Chris Mellor, 22 Mar 2016

EMC drags Pure to court again, claims FlashArray rips off dedupe patent

First, EMC dealt Pure a $14m blow when a court ruled that Pure's FA-300/FA-400 arrays infringed one of EMC's patents. Now the storage giant is suing Pure again – this time over the upstart's newer FlashArray//m systems, which also allegedly infringe the aforementioned data-reduction patent. EMC wants an injunction against its …
Chris Mellor, 21 Mar 2016
A cute cat in a jumper waves goodbye.... Pic via Shutterstock

Lenovo says bye-bye to key exec amid massive spring reorganisation

Lenovo is embarking on the mother of all spring cleans after digesting the acquisitions of Motorola and IBM’s volume server biz. The group is re-arranging execs and the business units they steer amid numerous sector challenges, including the weakened state of demand for traditional PCs, tabs and smartphones, or the sales hit …
Paul Kunert, 21 Mar 2016
Apple iPod touch

Apple's largest UK reseller Jigsaw24 is for sale

The UK’s largest Apple reseller, Jigsaw24, is for sale, multiple industry contacts have told The Channel. The Nottingham-based B2B seller has hired Deloitte to run the process, a move that comes just three years after private equity outfit NorthEdge Capital (NEC) moved in to back a roll up by the management team. In recent …
Paul Kunert, 18 Mar 2016
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SanDisk stockholders book a table, prepare for Western Digital gobble

SanDisk shareholders have voted in favour of Western Digital buying their company. At SanDisk's special stockholders' meeting today, 98 per cent of the votes were in favour of the sale to WDC. WDC shareholders, via more than 90 per cent of the votes cast, have separately approved WDC issuing more shares (common stock) to help …
Chris Mellor, 16 Mar 2016
Michael Dell, photo: Dell

Private Dell mostly makes PCs – and its sales of those are down

Dell isn’t exactly in rude financial health as it marches ever closer to the $60bn+ acquisition of EMC – at least, judging by P&L accounts the privately-held Texan tech firm filed with the US SEC. The mammoth Form s-4 is supposed to paint a painfully honest picture of the businesses current position and the potential risks of …
Paul Kunert, 15 Mar 2016

Cisco borgs Synata, services shuttered

If you were a Synata user, you are no more: the company's been Borged by the Borg, and all accounts closed down. The company was set up to develop and commercialise its enterprise search technology, which it says offered a single search point across e-mail (Gmail and Exchange), cloud storage (Dropbox, Google Drive and Box), …
Nexsan_BEAST

Array biz's figures leave little to the Imation

Well, we were expecting diminished revenues and growing losses – and storage biz Imation didn't pull off any last-minute surprises. The Minnesota-based outfit's revenues were down 52 per cent year-on-year in its final quarter of 2015 as it divested itself of everything except its Nexsan array business and the acquired …
Chris Mellor, 08 Mar 2016
Ice_hockey_game

Pretty, Nimble, but these financials just aren't nimble enough

Nimble Storage’s revenues rose to $90.1m in its fourth fiscal 2016 quarter but its losses deepened, to $32.4m, counter-balancing that good news. Overall revenues didn’t rise enough to assuage investors' concerns about future profitability. The company has fixed the big hole in its product line with the release of an all-flash …
Chris Mellor, 04 Mar 2016
data centre racks

Hardware – yes, hardware – is driving Hewlett Packard Enterprise's top line

Hewlett Packard Enterprise spends much of its time talking about hybrid IT taking over the world, but it was good old fashioned hardware - boosted by a $3.5bn buy - that made Q1 of fiscal year 2016 better than it might have been. In the period ended 31 January, the first full quarter of since HPE split with the PC and printing …
Paul Kunert, 04 Mar 2016
(c) Rama, Cc-by-sa-2.0-fr

Q&A: Bruce Schneier on joining IBM, IoT woes, and Apple v the FBI

RSA 2016 Security guru Bruce Schneier is a regular at shows like RSA and his talks are usually standing-room-only affairs. Schneier has written some of the definitive texts for modern cryptography teaching and his current book, Data and Goliath, examines the perils and solutions to government and corporate surveillance of internet …
Iain Thomson, 04 Mar 2016
Michael Dell, photo: Dell

Dell names future leadership team and CloudFather Joe Tucci isn't on the list

Michael Dell has emailed all staff at Dell, the company, to reveal the organisation's leadership team once it acquires EMC. The email starts by saying “We are making strong progress on our plans to combine Dell and EMC … The transaction is on schedule under the original timetable and the original terms.” The mail goes on to …
Simon Sharwood, 02 Mar 2016
Paul Winchell and dummy

Cisco leans in close, coughs, whispers: If you want 100GE for 40GE prices, I know a person...

Cisco Partner Summit Cisco has announced new Nexus 9000 and 3000 switches with a theme of 25 and 100 gig Ethernet for 10 and 40 gig prices, calling them cloud-scale products. It's also buying cloud app wrangler startup CliQr. Switchzilla has adding the 9200, 9300 and 9500 models to its 9000 family. The latest gear sports a new ASIC delivering 10/ …
Chris Mellor, 01 Mar 2016
Surfer

SimpliVity is Vimply Vedding no Valty tears over Visco's HyperFlex

Cisco Partner Summit Has the Cisco HyperFlex announcement delivered a hammer blow to SimpliVity and its UCS server-based partnership? We talked to a person familiar with SimpliVity and its channel to get their sense of how SimpliVity's hyper-converged product offering compares to Cisco's HyperFlex product with its OEM'd SpringPath software. This …
Chris Mellor, 01 Mar 2016
4 arrows signs in arrow on wooden wall

Truncated Q4 helped send Ingram Micro sales down 19 per cent

Sales at Ingram Micro went into a power-dive in calendar Q4, tumbling $2.7bn on the same period a year earlier. But on an organic basis the state of play was not nearly as bad as the topline number indicated. The world’s largest distributor - which is being slurped by Chinese conglomerate HNA Group for $6bn - filed turnover of …
Paul Kunert, 26 Feb 2016
Churchill on the roof of the Evening Standard building, 1938; Reference: Nemon Papers, NEMO 5/3; credit Churchill Archive

Serco stems its gigantic losses, shrinks 2015's to a mere £70m

Outsourcer Serco has stemmed the flow of its haemorrhaging profits, posting a loss of £69.4m in 2015, down from £991m last year. The outsourcer is currently in the middle of a major strategic turnaround. In a statement clearly channelling the spirit of his grandad, Winston Churchill, Serco chief exec Rupert Soames said: "Our …
Kat Hall, 25 Feb 2016
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Like those independent DevOps vendors? They might not be for long...

Enjoy those scrappy IOT and DevOps startups while you can, as many will not be able to resist the siren call of cash rich traditional vendors or the stock market this year, 451 Research has predicted. The analyst firm’s Tech M&A Outlook report has predicted “billions in investment” in a number of hotspot technology areas. This …
Joe Fay, 25 Feb 2016
The Xamarin team at its Evolve conference in 2014

Microsoft finally ties the knot with Xamarin, snaps up mobile app biz

Microsoft has bought its long-time partner Xamarin for an undisclosed sum. "With today's acquisition announcement we will be taking this work much further to make our world-class developer tools and services even better with deeper integration and to enable seamless mobile app dev experiences," said Scott Guthrie, VP of …
Iain Thomson, 24 Feb 2016

Airwave drops lawsuit against Home Office over EE contract win

Airwave will no longer be pursuing legal action against the Home Office over its decision to award part of a chunk of its Emergency Services Network contract to EE. A spokesman for Motorola said: "We can confirm that all disputes have now been settled and all litigation will be dropped." In December last year EE won part of …
Kat Hall, 24 Feb 2016

Rumor: IBM gobbles Bruce Schneier, Resilient for $100m

IBM is allegedly splashing a reported US$100m on buying incident response outfit Resilient Systems. Rumors of the deal were whispered by "persons with knowledge of the matter" to biz news website Xconomy. Founded in 2010 as Co3 Systems, Massachusetts-based Resilient was set up by serial acquisition target John Bruce (alumnus …
Leopard kill

WD CEO: We ain't getting Unisplendour's $3.8bn. But we'll buy SanDisk anyway

Western Digital is facing an investor revolt over its SanDisk buyout and has had the $3.8bn wad it expected from Unisplendour halted by the Committee on Foreign Investment in the United States. Unis (Unisplendour) is a Chinese corporation, owned by the Tsinghua Unigroup, that proposed to invest $3.8bn in WD thus getting a 15 …
Chris Mellor, 23 Feb 2016

Opinion

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers
single pain of glass