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Articles about Acquisition

BT Openreach at work

BT rebuked for attributing some EE acquisition costs to 'all UK lines of business'

Telecoms giant BT has been rebuked by the UK's industry regulator for attributing some of the "acquisition costs" associated with its takeover of EE to all of its UK business divisions, including Openreach. Ofcom said it was "inappropriate" for two charges, totalling £1.7 million, to be attributed to "all UK lines of business …
OUT-LAW.COM, 23 Nov 2015

Wick Hill: we are in talks with 'acquisition targets'

Security specialist Wick Hill has set up a incubation unit for emerging vendors coming to EMEA that can’t afford to set up their own services infrastructure or local presence. The Wick Hill Select programme will offer technical support services via a security operations centre, marketing, training and professional services to …
Paul Kunert, 15 Oct 2015
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Is SanDisk becoming an acquisition target as the market consolidates?

Rumors and speculations are mounting that SanDisk might be an acquisition target, with reports indicating it's been chatted up by two suitors wanting to buy it, with Western Digital (WD) in the frame. There is strong logic for such a deal, as SanDisk is a hugely hot flash product supplier, and partners Toshiba in the flash …
Chris Mellor, 04 Sep 2015
Larry Ellison, photo by Oracle Corporate Communications

Oracle's $5 BEEELLION acquisition zeppelin looms over Micros Systems

Database and software megafirm Oracle is mulling a multi-billion-dollar acquisition of hospitality and retail tech vendor Micros Systems. The two companies are currently in "exclusive talks" about Oracle buying the company for over $5bn, Bloomberg reported on Tuesday. Such an acquisition would help Oracle combat the slowdown in …
Jack Clark, 17 Jun 2014
management strategy2

Bytes Tech Group in 'early' talks with acquisition target

Bytes Technology Group (BTG) is courting management at a software services target as the ink still dries on yesterday's contract to offload its Xerox concessionaire. The Surrey-based business that has South African owners, sold the Bytes Document Solutions to fellow Xerox player Xeretec for an undisclosed sum as it was not …
Paul Kunert, 02 May 2014
European Union Flag

How much? Who knows. EC gagging order on DiData acquisition continues....

Dimension Data will only chow down on the entire European organisation of NextiraOne once certain sales criteria are met, the South Africa-HQ'd NTT-owned integrator whispered to us as the European Commission comms blockade continues. Acquisitive DiData has emerged as a suitor of the comms and networking reseller NextiraOne but …
Paul Kunert, 04 Dec 2013
Columns of coins in the cloud

Pivotal pivots with Xtreme Labs acquisition

VMware's cloudy spinoff Pivotal has acquired mobile development and consulting company Xtreme Labs for a reported $65m. The acquisition of the Canadian mobile development company was announced on Wednesday by Pivotal, and will see Xtreme Labs merged into Pivotal's large development organization. "Today's acquisition further …
Jack Clark, 02 Oct 2013

EMC goes on the chainsaw diet to slash $850 million

EMC's preparing for a huge round of layoffs, announcing last Thursday that it's set aside a quarter of a billion, US$220 million of it for cash payments. In advance of its acquisition by Dell, the company is hoping to carve $850 million out of its cost base. Last October, El Reg predicted the Dell/EMC stroll down the aisle …
Green light

Interoute gets green light for £402m Easynet gobble

Cloudy hosting company Interoute has Wednesday been given the green light by Blighty's competition watchdog to snap up networks outfit Easynet for £402m. Interoute said the acquisition will almost double the size and of its enterprise ICT services business, which will create a combined total revenue of €700m (£495m) based on …
Kat Hall, 04 Nov 2015
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ANS Group consumes specialist network minnow Eison

Manchester-based converged infrastructure and managed service merchant ANS Group has hoovered up network infrastructure minnow Eison. “This acquisition will further underpin our Hybrid Cloud and data centre strategy,” said Scott Fletcher, ANS chairman and founder. He said the buy paves the way for “intelligent” WAN and …
Paul Kunert, 12 Jan 2016
Green light

EMC: No rival offers, so we're flying solo with Dell

Dell’s proposed $67bn acquisition of EMC edged ever closer this weekend after the storage titan confirmed the end of the so-called "go shop" period that allowed rivals bidders to enter the fray. The biggest deal in tech history was first announced in October when privately-owned Dell stated it will pay EMC shareholders $33.15 …
Paul Kunert, 14 Dec 2015
A daisy

Daisy completes Phoenix IT gobble

Acquisition-ravenous Daisy Group has completed its gobble of tech services outfit Phoenix IT Group. The deal is a sizeable purchase for Daisy, with Phoenix turning over £233.4m in sales for the full-year 2014. The 1,400 engineers working for Daisy and Phoenix will be merged in the Partner Services division. The Phoenix …
Kat Hall, 31 Jul 2015

Apple buys mood sniffer AI firm Emotient. Stop rolling your eyes at me, user

Apple has acquired Emotient, a startup whose technology automates the analysis of facial expressions to measure the reaction of groups, and individuals, to events. Apple has not revealed the terms or the reason behind the acquisition, but Emotient has a patent portfolio enabling its technology to mine several different media …
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Salesforce forks out $360m, slips SteelBrick in its Christmas stocking

Salesforce has bought itself an early Christmas present in the form of a $360m (£241m) acquisition of subscription billing apps biz SteelBrick. The acquisition is expected to be wrapped up by April 2016. Salesforce is already familiar with the company's business, having poured $18m (£12m) into its coffers during a 2015. …
Kat Hall, 24 Dec 2015
Verne Global data centre server racks from above

Telecity shuffles off London stockmarket

Former UK-owned data centre outfit Telecity has today delisted from the London stock market, having formally been subsumed by US co-location giant Equinix following its £2.3bn acquisition. The deal, which was announced back in May 2015, will add an annual revenue of £349m to Equinix's global turnover of $2.4bn (£1.7bn). It …
Kat Hall, 15 Jan 2016
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Cisco to acquire ParStream for IoT data-sifting

Cisco-backed database and analytics newcomer ParStream is being re-assimilated, with the Borg announcing it's going to buy the "big data analytics" company (as it describes itself). The Borg has signalled its interest in sifting Internet of Things data for quite some time, and since ParStream grew out of Cisco's "Entrepreneurs …

CA piles into API management with Layer 7 acquisition

CA Technologies has hopped into API management via the acquisition of Layer 7 technologies as the company continues to reinvent itself for the software-as-a-service era. The acquisition follows a similar move by Intel to acquire Mashery last week, and API Management company Mulesoft's announcement it had trousered a further $37m …
Jack Clark, 22 Apr 2013
IBM Headquarters, Armonk, NY

IBM, Ustream-BM, we can't believe Ustream is now owned by IBM

IBM has acquired internet telly station Ustream in hopes of boosting its cloud lineup. Big Blue said that the video-streaming service would be added to its cloud lineup and, when combined with its other analytics and developer tools, it will give IBM customers a way to develop and use streaming video in their own applications …
Shaun Nichols, 21 Jan 2016
Mountain. Pic: Henry Hemming

Seagate rolls storage kit for manufacturers down Dot Hill

Seagate is pushing out OEM products from its eyrie atop Dot Hill. These are for storage array suppliers, and based on its Dot Hill acquisition in August. It’s also tweaked the existing RealStor 6004 product. The acquisition cost was $694m, so Dot Hill, now in Seagate’s CSES (Cloud Systems and Electronics Solution) business …
Chris Mellor, 10 Dec 2015
IBM CEO 'Ginni' Rometty

IBM CEO Ginni Rometty also cool on EMC/Dell

EMC/Dell deal IBM's CEO Ginni Rometty has offered a guarded-but-mostly-negative opinion on Dell's acquisition of EMC. Speaking at the Fortune Most Powerful Women event, Rometty said she's noted the deal but that IBM sets its strategy according to what IBM thinks is right, and not in response to competitors' activity. IBM won't be changing …
Simon Sharwood, 14 Oct 2015
data centre

Slurp-happy reseller SCC: We want to buy a mobile services biz

Midlands tech dynasty SCC has switched on the searchlight to hunt for acquisition targets in the mobile space. The reseller-cum-data-centre-services provider is on the acquisition trail, and a week ago took a minority stake in hosted voice and unified comms-as-a-service player SIPCOM. James Rigby, CEO at SCC, said: “The next …
Paul Kunert, 16 Oct 2015
Brass photo via Shutterstock

IBM cloud chief joins top-brass exit

Two more senior executives – one with veteran status - have exited IBM’s $16bn software business. Cloud chief technology officer and staffer of 18 years Danny Sabbah has retired. He goes, however, with just a single year as IBM’s cloud chief under his belt. Also gone is general manager of IBM Security Brendan Hannigan, who …
Gavin Clarke, 08 Jan 2016

Piston to power Cisco Intercloud

Cisco is either dipping another tentative toe in the open cloud business, or about to Borg a potential competitor, announcing that it wants to buy cloud operating system company Piston Cloud Technologies. Piston's OpenStack expertise will now be wrapped into the warm embrace of Cisco's Cloud Services operation, the group charged …
Microsoft monopoly

Microsoft in SaaS-y cloud data security slurp

Microsoft has acquired cloud security outfit Adallom. Adallom was founded in 2012 and follows the “R&D in Israel, sales in Silicon Valley” template for a range of data security products for clouds. The company's wares bring data loss prevention and reporting to cloud storage services, offering users the chance to see just who' …
Simon Sharwood, 09 Sep 2015
BT Openreach van

BT posts flat results following EE merger green light

Telecoms giant BT posted flat results for its second quarter earnings, just days after it was given the green light by Blighty's spending watchdog to snap up mobile operator EE for £12.5bn. For the three months to September, the one-time state monopoly posted flat revenue of £4.38bn for the second half of 2015, compared with …
Kat Hall, 29 Oct 2015
Godzila

Dell 'fesses up: We may buy back $3bn+ in VMware tracking stock

Dell could spend at least $3 billion in buying back VMware tracking stock in the latest piece of financial engineering surrounding the proposed purchase of EMC. EMC owns 80 per cent of VMware and the idea was that a tracking stock should be established for VMware. In this way, if and when Dell owns EMC and offers some VMware …
Chris Mellor, 15 Dec 2015
slice of pizza

Revenue up 62 per cent, as Redcentric posts bumper post-buy results

Managed services biz Redcentric reported a significant increase in sales and profits for its full-year 2015 results, as the firm's acquisition strategy began to bear fruit. The Yorkshire outfit posted an increase in revenue of 62 per cent to £94.3m, compared with 2014. Profits rose to £8m from £1.8m for the same period. The …
Kat Hall, 15 Jun 2015

Cisco gobbles OpenDNS, sorts out cloud security portfolio

Cisco will buy privately held net security firm OpenDNS for $635m in cash, to make good its cloud security portfolio and boost the networking giant's "security everywhere" approach. Announcing the deal today, the leviathan is offering the bundle of cash alongside assumed equity awards, plus retention based incentives for …
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Redstor liked software developer Attix5 so much...

Specialist storage reseller-cum-provider-of-clouds Redstor has played the Victor Kiam card in buying Attix5, a South African software developer it has outsourced work to for the past decade. Attix5 specialises in data protection, managed back-up and disaster recovery services. It provided the “underlying” tech that comprises …
Paul Kunert, 14 Sep 2015
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What the bleedin' Dell is this? IT giant mulls unit selloffs – report

Reuters reports Dell is thinking of selling off non-core assets to clear the decks before the EMC acquisition and raise $10bn. Four candidate businesses are mentioned: Quest Software IT management with its systems management, security and business intelligence functions SonicWall email encryption and security Rapid …
Chris Mellor, 03 Nov 2015

Sophos grabs ATP-thwarter tech firm SurfRight for $32m

Sophos has paid $31.8m in cash to snap up advanced threat prevention firm SurfRight, with the deal allowing traditionally conservative Sophos to integrate SurfRight’s signature-less endpoint threat detection and response tech into its line of endpoint security products and services. The UK-based company claims the two sets of …
John Leyden, 15 Dec 2015
Shussh, image via Shutterstock

SAP business apps rolled as Hitachi cloud service

SAP’s software is to be offered as a private cloud service, says Hitachi Consulting, the services wing of the Japanese tech giant. Hitachi has announced the rollout of its Consulting Enterprise Cloud for SAP for industrial machinery and components. The Hitachi subsidiary promised this would be an “affordable, ready-to-use, …
Gavin Clarke, 24 Dec 2015
Kids on wall. Pic: US Army/Capt Emily Skolozynski

Alu Alu! Nokia gobbles French rival Alcatel-Lucent in €15.6bn deal

Nokia has today confirmed the completion of its €15.6bn (£11.5bn) gobble of French rival Alcatel-Lucent. Under the finalised deal, Nokia now holds nearly 80 per cent of outstanding ALU shares. The acquisition was announced in April, got European Union approval in July. Rajeev Suri, president and chief executive of Nokia, said …
Kat Hall, 04 Jan 2016

Ex-Autonomy CEO Mike Lynch sues HP for $150m+

Autonomy founder and ex-CEO Mike Lynch is suing HP for at least $150m (£100m) in damages over its assertion that he helped cook the books to inflate the price it paid for the software firm. Back in the summer of 2011, HP forked out $10.7bn to acquire Autonomy. Little over a year later, the US giant accused Lynch of …
Paul Kunert, 01 Oct 2015

Imation sells off the family jewels

+Comment Imation, now run by activist investor Clinton Group people, is selling the Memorex trademark – and two trademark licences associated with it – for $9.4m, while also disposing of its corporate headquarter facility in Oakdale, Minnesota, for $11.5m. "Both sales are consistent with the (our) stated restructuring, wind down …
Chris Mellor, 11 Jan 2016

Juniper slurps packet-optical outfit BTI Systems

Juniper Networks has announced it's going to acquire BTI Systems. Once a packet-optical specialist, BTI Systems spent much of 2015 positioning itself into the software-defined networking (SDN) and network function virtualisation (NFV) markets. That work included giving its 8700 Series the ability to work with OpenDaylight SDN …
Torpedo

Two big risks could torpedo Dell-EMC deal

+Comment The Dell-EMC merger deal, with EMC shareholders getting $33.15 per share, was announced on October 12 last year, when EMC shares traded up to $28.35 from September 29’s low of $23.13; they’d been rising since then on rumours of the deal. Now the EMC shares are worth $24.10. The deal involves EMC shareholders getting $24.05 …
Chris Mellor, 21 Jan 2016

CSC beats off Capita, snaps up Xchanging for £480m

Computer Sciences Corporation is to snap up business processing outfit Xchanging for £480m, having beaten off its rival suitor Capita. The move appears to be part of plans to split CSC into two publicly traded companies: one for commercial and government clients globally and one to serve public sector clients in the US. Mike …
Kat Hall, 09 Dec 2015
Mike Lynch

'Brit Bill Gates' was powerless to stop HP's Autonomy acquisition

Mike Lynch didn't fall out of love with Hewlett-Packard, it was HP which didn't know what it wanted. So says "Brit Bill Gates" Mike Lynch, who has even suggested HP's initial advances under then chief executive Leo Apotheker were unsolicited - possibly even unwanted - and that he was powerless to stop the acquisition. Speaking …
Gavin Clarke, 01 Mar 2013
Help_hand

Overland Storage by any other name would still make losses (and has)

Comment Overland Storage ... sorry, Sphere 3D these days after the acquisition, continues on its merry way with no appreciable change in its progress – revenues are still falling and losses are deepening. Actually, if you look at 22 consistently loss-making quarters, you might even think this is its strategy. CEO and chairman Eric …
Chris Mellor, 18 Nov 2015
icelandic_hot_spring

Something's bubbling up in the Springpath springs

Springpath, the hyper-converged software startup, has cancelled two US briefing events with journalists and industry types. It's also canned its global PR agency, and calls to its contact phone number are not answered. The two events are the IT Press Tour this week, and Tech Field Day in February. It was listed as a sponsor …
Chris Mellor, 04 Dec 2015

Cisco borgs IoT outfit Jasper Tech for US$1.4 billion

Internet of Things service platform outfit Jasper Technologies has fallen into the maw of Cisco for US$1.4 billion. Twelve-year-old Jasper started life as a machine-to-machine wireless comms specialist (Jasper Wireless) before changing its name in 2014. According to Cisco's blog post about the acquisition, Jasper has 3,500- …
Boy slurps watermelon. Credit: Shutterstock

PWC devours cloud consultancy Outbox Group

PwC is the latest big consultancy to grab a piece of the cloud action by hoovering up integrator Outbox Group, a European firm that specialises in CRM, marketing automation and IT maintenance. After maintaining a watching vigil, the big consultancies are starting to fork out cold hard cash for cloud services outfits - late …
Paul Kunert, 20 Jan 2016

SanDisk 'explores' sale, WD and Micron prick up ears - report

SanDisk has hired a bank to explore selling itself, according to reports citing confidential sources. Western Digital (WD) and Micron are said to be interested, Bloomberg has claimed. SanDisk was rumoured to be an acquisition target last month, with WD in the frame. With Dell bidding US$67.1 billion for EMC, perhaps the tech …
Chris Mellor, 14 Oct 2015
hands waving dollar bills in the air

Riverbed slurps German SD-WAN expert Ocedo

Riverbed has announced its first acquisition since 2013: German-based software-defined wide area network (SD-WAN) outfit Ocedo. Ocedo's software suite includes hybrid WAN, various provisioning tools, a connectivity solution designed for AWS users, and a cloudy firewall. Its pitch is that SD-WANs offer better performance than …
A cute cat in a jumper waves goodbye.... Pic via Shutterstock

EE's chief exec Olaf Swantee to step down

Soon-to-be-swallowed EE has announced its chief exec Olaf Swantee is stepping down as CEO, ahead its £12.5bn acquisition by BT expected to close in March. Swantee said the move to step down was an "enormously difficult decision" but said he had decided to "pursue new opportunities". He added: "To leave EE is probably the …
Kat Hall, 04 Jan 2016
Boy slurps watermelon. Credit: Shutterstock

Six Degrees separates: Sold to Charlesbank Capital Partners

Private equity biz Penta Capital has agreed to sell hosting and managed services outfit Six Degrees to funds affiliated with Charlesbank Capital Partners for an undisclosed sum. The business came onto the market in February with corporate financier DC Advisory managing the sale process, as El Chan exclusively revealed. …
Paul Kunert, 17 Jun 2015
channel

Hitachi Data Systems on the acquisition trail again

Hitachi Data Systems has announced its intention to buy Shoden Data Systems. Data systems companies have to stick together, right? Shoden, a systems integration supplier to data centres, is based in South Africa and has a UK operation as well as others across sub-Saharan Africa. It has been an HDS partner for 11 years, supplying …
Chris Mellor, 05 Oct 2011
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Ingram Micro acquires cloud automation smarts from Parallels – sources

Exclusive Tech distributor Ingram Micro has acquired a hosting and cloud service management system from Parallels, sources have told The Channel. The deal includes the Odin Service Automation platform, related cloud management stuff, the IP, and the Odin brand, we're informed. Our contacts were not aware of the financials involved. The …
Paul Kunert, 01 Dec 2015

Official: WD buys SanDisk

Consolidation in the storage industry is speeding up. One week after Dell decides to buy EMC for $67bn, Western Digital is using Unisplendour money to buy SanDisk for $19bn to create an enterprise and consumer flash powerhouse. Speculation about a SanDisk purchase by Western Digital has been intense, following the $3.8bn …
Chris Mellor, 21 Oct 2015

Opinion

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Chris Mellor

A VC with startup agenda slams established suppliers. Surprised? Neither were we
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Kat Hall

Cornwall's win over BT should be a cautionary relationship tale

Features

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The Azure Portal: Microsoft is betting on cloud for its future business
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Cool Texas dude is just your average billionaire