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Articles about Acquisition

Microsoft Corporate VP Kevin Gallo at Build Tour London

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
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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
Boy slurps watermelon. Credit: Shutterstock

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
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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 …
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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

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
Boy slurps watermelon. Credit: Shutterstock

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

Opinion

Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world