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Articles about Acquisition

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Boo hoo. Brexit to hit Capita's bottom line

Outsourcing giant Capita has hinted that the UK's decision to leave the EU will have an impact on its bottom line, while recording a sales increase of 5 per cent to £2.4bn for its first half-year results. Profit before tax rose by 27 per cent to £186.1m, compared with the same period in 2015. Andy Parker, chief exec of Capita …
Kat Hall, 27 Jul 2016
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ClusterStor is clearly alive (but Havant's still closing) – Seagate VP

Seagate's ClusterStor arrays do have a future, despite the company's PR side refusing to answer a direct question about them. After Seagate spokespeople declined to comment on the matter, Ken Claffey, veep and general manager of the company's SSG unit got in touch. He had this to say about the Havant factory closure in the UK …
Chris Mellor, 26 Jul 2016
Poison pill

Micron sets a canary to watch over its stock in case of takeover

A filing in the Securities Exchange Commission has set the hounds running on speculation that Micron Technology is the latest takeover target in the ongoing consolidation of the chip business. The filing, in the arcane language of SEC documents, gets to the point in this statement: “[N]o person will become an Acquiring …
Fibre, image via Shutterstock

Not-BT-Openreach' biz CityFibre sextuples pipeline

Cable-layer CityFibre has booked a six-fold increase in contracts during its first half of 2016, with £53.8m in the pipeline compared with £8.1m for the same period last year. New contracts signed in the period comprise 3,702 new customers, more than three times the total amount on the books in 2015 (1,110), and more than …
Kat Hall, 25 Jul 2016
Dell e-commerce site

Revealed: How Dell can afford $67bn for EMC – by selling $650k laptops

World exclusive Dell's ingenious strategy for financing its audacious $67bn acquisition of EMC is a secret no more. Dell is already facing a staggering debt mountain to fund the takeover. Now a crack Reg investigative team can reveal that the Round Rock computing giant has an ambitious plan in place to raise the cash necessary for the deal …
Shaun Nichols, 22 Jul 2016
Twilight Zone, 'Time Enough At Last'

Free Windows 10 upgrade: Time is running out – should you do it?

Microsoft's free Windows 10 upgrade offer runs out this Friday, 29 July 2016, one year after the initial release, and a few days before the Anniversary Update. "This is more than a one-time upgrade: once a Windows device is upgraded to Windows 10, we will continue to keep it current for the supported lifetime of the device – …
Tim Anderson, 22 Jul 2016

Ingram Micro and Tianjin Tianhai: Go on, PROBE us

Ingram Micro and the Chinese logistics giant Tianjin Tianhai that wants to buy it confirmed they are to submit the proposed $6bn bid for review to the Committee of Foreign Investment in the United States. This is an about-turn because Ingram - the world’s largest tech distributor - previously said the deal would not “fall …
Paul Kunert, 22 Jul 2016
Shouting match

XtremIO heading for the bin? Total BS, thunders CTO Itzik Reich

Storage industry jungle drums heard by El Reg suggest EMC is axing XtremIO product line development and putting it into maintenance mode due to scalability and data availability issues. EMC vehemently denies this, saying it's absolute FUD. Three independent sources say XtremIO is headed for a maintenance-only retirement home …
Chris Mellor, 21 Jul 2016

Bosses at UK infosec biz Quadsys confess to hacking rival reseller

Five men working at UK-based IT security reseller Quadsys confessed today to hacking into a rival's database. Owner Paul Streeter, managing director Paul Cox, director Alistair Barnard, account manager Steve Davies and security consultant Jon Townsend appeared before the beak at Oxford Crown Court. "All pleaded guilty to …
Paul Kunert, 21 Jul 2016

Whoa! Shanghai Stock Exchange delays $6bn Ingram Micro takeover

Tianjin Tianhai, the Chinese logistics giant, has delayed next week’s shareholder meeting to rubber stamp the $6bn takeover of Ingram Micro as it gathers data requested by the Shanghai Stock Exchange (SSE). Tianjin Tianhai, owned by the conglomerate HNA Group, revealed in February its intended acquisition of Ingram, the world …
Paul Kunert, 21 Jul 2016

Everyone's favorite infosec biz – Blue Coat – must cough up $40m to rival in patent rip-off row

Blue Coat has lost its appeal challenging a nearly $40m patent infringement lawsuit brought by rival security company Finjan. The California Northern District Court upheld the 2015 jury decision awarding $39,528,487 to Finjan for infringement by Blue Coat on five of its patents: 6,804,780 identifying downloadable files 6, …
Shaun Nichols, 20 Jul 2016
Profits down, image via Shutterstock

Logicalis: Top line shrinks as UK restructuring continues

Restructuring at Logicalis that weighed heavy on the integrator’s financials in recent times will be over and done with at some point before the, er, end of next February. Datatec, the London-listed parent of Logicalis and networking and comms distie Weston, today issued a heads up for first quarter trading ended June - sales …
Paul Kunert, 20 Jul 2016
Microsoft CEO Satya Nadella

Microsoft Azure doubles up to $800m a quarter – and is wiped out by dying phone sales

Analysis All eyes were on Microsoft's cloud business today as it published its fourth-quarter and full-year financial results. Amid the numbers, Redmond boasted that its Azure revenues from the quarter were up 102 per cent year-on-year – we estimate the cloud service's revenue to be about $800m in total for the period. Meanwhile, …
Iain Thomson, 20 Jul 2016

Big Blue's boxes: No IBM storage numbers, but it's a drop

+Comment The storage hardware portion of IBM's quarterly revenues continued its long-term decline, with a 13 per cent annual drop. It's a nice welcome for incoming storage boss Ed Walsh with the storage hardware decline glaringly obvious. We don't know the storage software numbers within IBM's systems segment, and nor do we know …
Chris Mellor, 19 Jul 2016

Ex-CTO: Yes, Nutanix is buying PernixData

Exclusive PernixData's outgoing CTO and technology evangelist Frank Denneman says Nutanix has bought PernixData. Sources told us earlier this month that Nutanix was gobbling up Pernix, but neither company would confirm an acquisition was underway. Denneman has now told El Reg he has left PernixData, adding: "Nutanix has acquired Pernix …
Chris Mellor, 19 Jul 2016

EMC: Sales flat but wallets fat. Ready to vote on the merger?

EMC-Dell deal EMC saw totally flat revenues in its second quarter but profits rose 19 per cent. It could have been better as late orders couldn't be fulfilled. Revenues were a straight $6bn, unchanged from a year ago but up 9.6 per cent sequentially. They were $5.9bn two years ago so EMC is arguably standing still revenue-wise. Net income …
Chris Mellor, 19 Jul 2016
Chain expressing freedom (Stepph / Wikimedia)

VMware's past holds the key to the future of Microsoft's Azure Stack

By most accounts VMware's first stab at hyperconvergence, the EVO:RAIL software-defined Nutanix clone, was a decent set of software. But it failed, quickly, and has been quietly removed from the frontline. The reason why is simple: in its first incarnation VMware insisted that EVO:RAIL buyers acquire new vSphere licences. …
Simon Sharwood, 17 Jul 2016

UK gov says new Home Sec will have powers to ban end-to-end encryption

IPBill During a committee stage debate in the UK's House of Lords yesterday, the government revealed that the Investigatory Powers Bill will provide any Secretary of State with the ability to force communication service providers (CSPs) to remove or disable end-to-end encryption. Earl Howe, a minister of state for defence and deputy …
Gridstore HCA

Gridstore eyes up container upstart DCHQ

Updated Hyper-V-based hyper-converged startup Gridstore is in talks to buy DCHQ. Gridstore had hoped to formally announce the acquisition today, but told The Register the deal is still being worked out. It also considered renaming itself Hypergrid after completing the transaction. Gridstore pressed the eject button for CEO George …
Chris Mellor, 07 Jul 2016

EMC will hawk Dell's Nutanix-powered XC kit

Exclusive VCE president Chad Sakac has confirmed EMC will pick up Dell's Nutanix-powered XC hyper-converged system, even though EMC's own VxRail hyper-converged system sales are "on fire." VCE is EMC's Converged Platform Division, and – lest we forget – EMC is going to be gobbled up by Dell, which flogs Nutanix-powered XC gear. If that …
Chris Mellor, 07 Jul 2016

Infosec bods NCC walk away from the domain services biz

UK-based infosec consultancy NCC Group is withdrawing from the domain services biz while retaining domain security capability. The tactical switch was announced as NCC reported revenues up 56 per cent to £209.1m in the 12 months to 31 May 2016, compared to £133.7m in its previous financial year. NCC’s adjusted pre-tax profits …
John Leyden, 07 Jul 2016

Avast woos AVG shareholders with $1.3bn buyout offer

Avast is offering to buy anti-virus rival AVG for $1.3bn. AVG shareholders are being offered $25.00 per share in cash, a 33 per cent mark-up on the closing share price on Wednesday. AVG, Avast and rival Avira are the three main players in the market for freebie anti-virus scanners for Windows. All make their money by offering …
John Leyden, 07 Jul 2016
chef presents a roast chicken in pomegranate sauce. Photo by Shutterstock

Nutanix gobbling Pernix – why not?

Comment Rumour has it Nutanix is talking to Pernix Data about a possible acquisition. It could be a good thing for Nutanix and, of course, its customers. All DCs are brown fields If Nutanix's masterplan is to become the management platform for any data centre, it has to expand its product line. It is already at it, as I wrote a few …

Sources: Nutanix poised to gobble PernixData

Exclusive Four independent sources say hyper-converged poster child Nutanix is buying hypervisor flash-cacher PernixData, thus gaining crucial technology to speed up its appliances. A Nutanix spokesman told us: "No comment." A PernixData spokesperson added: "We are not commenting at this time." A PernixData insider told The Register: " …
Chris Mellor, 01 Jul 2016
Man in suit counts out piles of dollars. Photo via Shutterstock

Embiggening AWS doubles its UK sales to £254m

Cloud slinging (and tax avoiding) Amazon Web Services nearly doubled its revenue in the UK last year, pulling in £254m. According to analyst TechMarketView's annual Software, IT & Business Process Services (SITS) report, the cloudy biz pushed up sales locally by 45 per cent, a foothold that will likely increase once AWS sets …
Kat Hall, 01 Jul 2016
I quit

Azzurri CEO quits, will walk out sometime in 'summer'

The CEO of Maintel-owned Azzurri Communications, Chris Jagusz, is quitting in the summer but the company's new owners haven’t specified the exact departure date. Cloudy comms integrator Azzurri was acquired by Maintel in April for £48.5m and so it was only a matter of time before the exec exited once the handover period was …
Paul Kunert, 01 Jul 2016
Uncle Sam's money

Want $50bn from Uncle Sam? Put in a bid on these IT contracts

The US government's General Services Administration (GSA) has opened bidding on what it says will be a $50bn IT services contract package. The federal agency is now accepting applications for the Alliant 2 and Alliant 2 Small Business contracts to create what it describes as a "large, diverse pool of industry partners." The …
Shaun Nichols, 28 Jun 2016

Cisco to splash $293m on CloudLock

Cisco has beefed up its security services unit with the acquisition of CloudLock for $293m (£220m). CloudLock specialises in cloud access security tech, offering enterprises analytics on user behavior and sensitive data for cloud services, including SaaS, IaaS and PaaS. The acquisition is expected to close in the first …
Kat Hall, 28 Jun 2016
angry_woman_mobile_cropped_648

Dev boss: What will Microsoft do with Windows 10 Mobile? Surprise – it's for work!

One of the puzzles about Microsoft’s platform in 2016 is Windows 10 Mobile. In the run-up to the launch of Windows 10 in July 2015, the plan seemed to be that a unified operating system across PC and mobile, combined with applications developed for the Universal Windows Platform (UWP), would boost Windows Phone and create a …
Tim Anderson, 24 Jun 2016
Raining money

Dell close to selling software division for $2bn – reports

Dell is close to agreeing the sale of its software division for more than $2bn as it digs behind the settee cushions to fund its mega-acquisition of EMC. A consortium including Francisco Partners and Elliot Management are “in advanced talks” to acquire the division, Reuters reported today, citing “three people familiar with …
German battleship sinking at Scapa Flow

Quantum is shutting down sync'n'share biz Symform in July

Storage firm Quantum bought the Symform cloud consumer/small business file sync and share business in August 2014 – and is going to close it down on July 31. It has gone from acquisition to closure in 23 months. Why? According to a Quantum FAQ: "Quantum is discontinuing the Symform service due to its strategic business focus …
Chris Mellor, 17 Jun 2016

Vanishing EMC golden handcuffs could cause brain drain

Stock option-incentivised EMC staff could brain drain out of the company as the Dell acquisition will cash-out their stock options, de-incentivising them. We're told by an EMC insider that: "All EMC golden handcuffs disappear at the Dell acquisition. That is, immediately prior to the acquisition, all EMC restricted stock units …
Chris Mellor, 17 Jun 2016
Cash in brown paper envelope CC 2.0 attribution StockMonkeys.com

Ex-SAP exec and pals accused of $500,000 insider trading scam

A former SAP executive and his associates allegedly ran an insider trading ring to net hundreds of thousands of dollars. Chris Salis was, until recently, global vice president and general manager for procurement at SAP. US financial watchdog the SEC claims he used his inside knowledge of SAP's takeover of Business Objects in …
Iain Thomson, 16 Jun 2016
container_ship_hamburg_shutterstock_648

Samsung to acquire Joyent

Container pioneer and Sun alumni lair Joyent has been bought by Samsung. Since the buyer is a world-spanning industrial powerhouse, the acquisition is too small for Samsung to have to talk about the price. Joyent's probably most famous as the first corporate steward of node.js and one of the language's largest users. It's …

Man-in-the-middle biz Blue Coat bought by Symantec: Infosec bods are worried

Analysis Symantec’s deal to to buy Blue Coat, the controversial web filtering firm, for $4.65bn will bolster its enterprise security business. But some security experts are concerned about the potential for conflict of interest created by housing Symantec’s digital certificate business and Blue Coat’s man-in-the-middle SSL inspection …
John Leyden, 14 Jun 2016

Microsoft and LinkedIn: What the CEOs are planning

"Remember that dystopian view of the future in which technology displaces millions of people from their jobs? It's happening." So begins the less-than-cheery explanation of the huge $26.2bn acquisition of LinkedIn to staff by its CEO Jeff Weiner. Weiner appears to recognize that for many of his employees, being acquired by …
Kieren McCarthy, 13 Jun 2016

Microsoft's paid $60 per LinkedIn user – and it's a bargain, because we're mugs

Analysis How can you explain the $25.4bn price tag for Microsoft's acquisition of widely-loathed social network LinkedIn? It's easy. It's all about your personal data, of course. But the price Microsoft puts on your personal data is of particular interest here. Two years ago, Facebook splurged $18.4bn for the over-the-top IM app …
Andrew Orlowski, 13 Jun 2016
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Symantec swoops on Blue Coat in $4.65bn deal

Blue Coat has scrapped its IPO plans in favour of a $4.65bn takeover by IT security rival Symantec. Greg Clark, Blue Coat CEO, will take the helm at Symantec, so resolving the question of succession of Mike Brown, who announced his resignation as CEO in April. On a pro-forma basis, the combined company would have $4.4bn in …
Drew Cullen, 13 Jun 2016
Michael Dell, photo: Dell

Dell slips into a slimmer red dress after sales diet

Dell had an unremarkable Q1 of fiscal 2017, with its parent Denali Holding Inc today reporting revenues down 2 per cent year on the year to $12.5bn, but greatly reduced operating losses, trimmed 52 per cent from $335m to $161m. The company burned through $63m in cash in the three months ended April 29 but this pointed to " …
Drew Cullen, 10 Jun 2016
Attack film poster

Nimbus Data CEO shoots from the hip at NetApp's SolidFire buy

Nimbus Data CEO Thomas Isakovich thinks NetApp's purchase of SolidFire is its final great mistake. He told us: “SolidFire’s poor density and egregiously high energy consumption violate the very customers they are trying to appeal to: cloud builders that have to pay for data center rack space and power bills. We suspect that …
Chris Mellor, 09 Jun 2016
trolley_shopping_648

Pulsant swallows Onyx – just like we told you they would

Bit barn and cloud services seller Pulsant has confirmed this morning it has devoured fellow data centre services business Onyx. Financial terms were not disclosed but when The Channel exclusively revealed the agreement some weeks ago, our sources told us £65m had changed hands. The buy gives Pulsant an expanded base with …
Paul Kunert, 09 Jun 2016
Virgin Media Tivo

Tivo's new owner ponders binning its own boxes

Tivo's new owner Rovi has hinted that it might get out of box retailing and focus on software and services. The source of the news is an SEC filing that records a presentation Rovi made to analyst firm Cowen and Company's Technology, Media and Telecom Conference. The document details Rovi chief financial officer Peter Halt's …
management strategy1

Chess makes another move, picks up Lanway

Chess has consumed Burnley-based infrastructure reseller Lanway for an undisclosed sum. The deal adds roughly £21m of top line revenues to Chess, certifications from HPE, Dell, and NetApp and roughly 100 heads to the the payroll. Typically, Chess tends to buy specific divisions at companies rather than the entire company …
Paul Kunert, 02 Jun 2016
Marc Benioff of Salesforce. Pic: Techcrunch

Salesforce slurps up Demandware for $2.8bn

Cloudy CRM biz Salesforce has slurped up e-commerce provider Demandware for $2.8bn (£1.9bn) in a bid to broaden its portfolio. Salesforce has rarely turned a profit in its last 17 years, preferring to prioritise growth - a strategy its newest acquisition will reinforce. For its full-year ending January 31, Salesforce posted $ …
Kat Hall, 01 Jun 2016
big dog little dog, image Shutterstock

IDC rolls out all-flash crystal ball again and it's all gone a bit weird

IDC has issued all-flash array revenue numbers showing EMC is the belle of the AFA ball, with Pure fourth in the market, behind EMC, IBM and HPE, while NetApp and Huawei are wallflowers. The numbers more or less agree with Gartner’s all-flash array (AFA) supplier revenue shares published in April, but differ in detail. We …
Chris Mellor, 01 Jun 2016
Nimble Storage array

Flash. Arrrgh. Nimble sales down

Hybrid array and recent all-flash array supplier Nimble Storage shows the effects of its late AF-Series flash array market entry and hyper-competitive market with its first quarter-on-quarter revenue decline. Revenues of $86.4m in its first fiscal 2017 quarter were 21 per cent higher than a year ago but down 4 per cent …
Chris Mellor, 27 May 2016
Aligator eating a crab

US giant Ingram Micro snaps up little Brit Comms-care

Tech distributor Ingram Micro has snapped up UK channel services minnow Comms-care for an undisclosed sum. Comms-care sells maintenance services to resellers that can't provide services themselves. It has has 225 staff and 850 channel partners. For the full year ended 2015, Comms-care posted a revenue increase of 33 per cent …
Kat Hall, 18 May 2016
Small truck skids towards side of road as wheel comes loose. Photo by shutterstock

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

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'