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Articles about Sale

The big split

Systemax flogs German sub to CANCOM

The break up of Systemax’s European operations may have just started after it brokered a “definitive agreement” to sell the Misco German subsidiary to CANCOM for an undisclosed sum. Under the terms of the deal, staff and customer lists will be transferred to the new owner. The deal is subject to closing conditions and is …
Paul Kunert, 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

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

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
mergers and acquisitions

EMC staffers: We are crashing into Dell within weeks

Staffers at EMC and its subsidiaries are to get Dell email addresses from the start of next month as the proposed mega buy edges closer, insiders have told The Register. EMC shareholders last night approved the $62.4bn bid – somewhat lower than the original $67bn offer due to a slide in VMware’s share price – and Chinese anti- …
Paul Kunert, 20 Jul 2016

Software can be considered 'goods' for purpose of commercial agent rules – High Court

Software suppliers can be forced to pay damages to self-employed intermediaries they contract with to promote their products under UK commercial agents regulations, according to a recent High Court ruling. The High Court ordered Computer Associates UK Ltd (CA) to pay The Software Incubator (TSI) £475,000 in compensation under …
OUT-LAW.COM, 19 Jul 2016
Woman at gym lifts weights with arms. Photo by Shutterstock

Softbank promises stronger ARM: Greater overseas reach and double the UK jobs

Brit-tech success poster child ARM holdings is to be acquired by Japanese telecom multinational Softbank. ARM, whose chip designs drive the majority of the world’s smartphones, is under offer for a remarkable £24.3bn - a premium of 43 per cent over current stock price. Softbank, whose last yearly revenue totalled 19.5 …
Gavin Clarke, 18 Jul 2016
Windows 10 waterdrops, photo by Anton Watman via Shutterstock

You can buy Windows 10 Enterprise E3 access for the price of a coffee

WPC 2016 Microsoft is moving into new as-a-service pricing and bundling territory with the full-fat version of Windows 10 Enterprise. Today Redmond announced it is releasing Windows 10 Enterprise E3, which would normally be reserved for big operations and sold via Microsoft's volume-purchase programs, at a price of $7 per seat per …
Gavin Clarke, 12 Jul 2016
sale_648

HPE dumps software biz into the bargain bin

HP Enterprise (HPE) has reportedly begun entertaining offers to sell its software business. A report from Bloomberg cited sources familiar in claiming that CEO Meg Whitman is looking to sell some or all of HPE's software brands, including Vertica, Autonomy, and Mercury. Talks are said to still be in the early stages with no …
Shaun Nichols, 11 Jul 2016
Kevin Turner

Farewell to Microsoft's Sun Tzu: Thanks for all the cheese, Kevin Turner

Kevin Turner’s departure as Microsoft’s chief salesman after 11 years marks the final passing of the Redmond old guard. Chief operating officer Turner - KT, as he was known - was a chief of the old-school corporate kind; sales, marketing and Microsoft’s stores all reported into Turner. His departure is part of a massive sales …
Gavin Clarke, 08 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
Lawyer up

Broker DP Data shuts up shop after HP's lawyers took a bite out of them

Grey broker DP Data Systems is facing a trademark infringement case brought by Hewlett Packard that ultimately convinced management to pull down the shutters, the business has claimed in its latest financial filing. As exclusively revealed by El Reg, the Manchester based wholesaler of HP, Cisco, IBM, Juniper and Lenovo shut up …
Paul Kunert, 30 Jun 2016
Lenovo_Think_Server_RD_Series

Lenovo HPC bounces back after IBM spinoff

When IBM sold off its System x division to Lenovo Group in the fall of 2014, some big supercomputing centers in the United States and Europe that were long-time customers of Big Blue had to stop and think about what their future systems would look like and who would supply them. It was not a foregone conclusion that the Xeon- …
sale

Intel mulls sale of Intel Security – reports

Opinion Intel is reportedly looking to offload its Intel Security arm. The IT giant is investigating options for Intel Security cyber security business, the FT reports. These options include selling off the security software business formerly known as McAfee that the chip-maker bought for $7.7bn back in August 2010. Intel is yet to …
John Leyden, 27 Jun 2016
China keyboard, image via Shutterstock

Shareholders rubber-stamp Ingram Micro $6bn sale to Chinese firm

US-headquartered Ingram Micro edged closer to Chinese ownership last night when shareholders voted overwhelmingly to accept Tianjin Tianhai’s $6bn offer. The mega bid for the world’s largest tech distributor was made in February by the Far East company, a subsidiary of HNA Logistics which is itself a division of conglomerate …
Paul Kunert, 22 Jun 2016
Business people move through revolving door. Photo via Shutterstock

Count 'em and weep: Intrinsic looking for fifth CEO in five years

The high office revolving doors at Intrinsic Technology are clearly still swinging - the company is on the hunt for its fifth CEO in five years after attempts to find a buyer ended unsuccessfully. Top dog Mark Bates has left the organisation after two years in charge and been replaced on an acting basis by non-exec chairman …
Paul Kunert, 21 Jun 2016
sale

Confirmed: Dell software sell-off

Dell has confirmed rumors that it is selling off its software division to private equity firms Francisco Partners and Elliott Management. "Francisco Partners and Elliott Management's deep passion for technology and proven track records in nurturing and building software businesses will enable Dell Software's loyal base of …
Iain Thomson, 20 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 …

Outsourcery sold after Dragon runs out of puff

Something positive was salvaged from the crash at cloud biz Outsourcery - 100 employees have transferred with the business in a pre-pack sale to new owners GCI Network Solutions. The loss-making company ran into cash flow shortages on multiple occasions, most recently in April when principal secured lender Vodafone stepped in …
Paul Kunert, 17 Jun 2016

Official: Microsoft goes to pot, gives weed growers fix they need

Put this in your pipe and smoke it: Microsoft is offering pot growers software tools to help them stay on the right side of America's relaxed laws. Marijuana is legal in Microsoft's home state of Washington, as well as in Oregon, Colorado and Alaska, and is prescribed medicinally (with varying degrees of laxity) in California …
Iain Thomson, 17 Jun 2016
 Good GCSEs should cost parents a Jesus-phone

Here's what six storage suppliers will be doing for the next year or two

Analyst haus Stifel Nicolaus' MD, Aaron Rakers, has had some fireside chats with senior execs from Brocade and QLogic, Pure and Nimble, Seagate and WDC at a Stifel Nicolaus Technology, Internet & Media Conference in San Francisco. The execs gave their thoughts on HDD demand, HAMR HDD tech, NVME over fabrics, Gen 6 Fibre …
Chris Mellor, 10 Jun 2016
Bill gates by https://www.flickr.com/photos/oninnovation/ cc2.0 attribution noderivs https://creativecommons.org/licenses/by-nd/2.0/

Bill Gates cooks up poultry recipe for Africans' paltry existence

Not satisfied with trying to stamp out malaria, recycling poo water into something people can drink and subjecting world + dog to software over the years, now Bill Gates wants to solve hunger in sub-Saharan Africa. “Help me give away 100,000 chickens,” Gates said on Twitter, “If I were living in extreme poverty, I’d want to …
Paul Kunert, 09 Jun 2016

Dragons' Den-run cloud biz Outsourcery close to sale – sources

Cash-strapped AIM-listed infrastructure services biz Outsourcery – co-run by former Dragons' Den badass Piers Linney – is close to wrapping up a pre-pack administration, multiple sources have told The Register. Trading in the firm's shares was suspended on Friday after top brass postponed publication of last year's results and …
Paul Kunert, 07 Jun 2016

Cisco axes unloved M-Series modular servers two years after launch

Exclusive Cisco will kill off its M-Series modular server line, citing lack of customer interest. In an internal company memo, seen by The Register, Cisco data center/virtualization VP Frank Palumbo said stalled demand for the modular line convinced Cisco to end sales for the compact servers less than two years after their introduction …
Shaun Nichols, 03 Jun 2016
4 arrows signs in arrow on wooden wall

Anaemic hyperscale orders hurt server makers in Q1

A pause in hyper-scale deployments has triggered the first year-on-year decline in seven quarters for global server shipments and revenues. Also a “clear end to the enterprise refresh cycle” contributed to the Q1, 2016 slow down, according to IDC, the tech market watcher. In essence, Q1 2015 revenues were flattered by a major …
Drew Cullen, 02 Jun 2016

Surface Book nightmare: Microsoft won't fix 'Sleep of Death' bug

Hands-on In its most recent quarterly earnings report, Microsoft highlighted its increasingly popular Surface line as the growth leader in its More Personal Computing line of business. Surface led the category with 61 per cent growth in constant currency, a rise driven by the top products in the line, the Surface Pro 4 tablet and the …
Addison Snell, 27 May 2016
Train wreck

The screeching of Violin Memory's parting strings is horrible

Another great quarter. Not. Violin Memory made a paltry $9.7m in revenue and posted a $22m loss for its first fiscal 2017 quarter. Revenues were down 20 per cent on the year-ago quarter and 11 per cent on the previous quarter, the fourth fiscal 2016 quarter, when revenues of $10.9m and losses of $25.5m were followed by lay- …
Chris Mellor, 27 May 2016
HP CEO Meg Whitman

Whitman deletes another chapter in HP history as CSC and ES borg

Hewlett Packard Enterprise CEO Meg Whitman is dismantling another legacy bequeathed to her by a predecessor as she waves goodbye to Enterprise Services. The first lady of Palo Alto has already closed the chapter opened by one-time CEO Carly Fiorina who had signed off the buy of Compaq, only for HP's PC business to be ejected …
Paul Kunert, 26 May 2016
trolley_shopping_648

Hungry UK services slinger swallows hosting biz for £65m – sources

UK managed services slinger Pulsant has agreed to fork out £65m for data centre and hosting biz Onyx, multiple sources close to the situation have claimed. A "for sale" sign was erected outside Onyx’s Stockton-on-Tees HQ in January and the process was managed by Deloitte, as we exclusively revealed. “The deal is done,” said …
Paul Kunert, 26 May 2016
Horse_racing

VCE boss Chad Sakac bets he'll win the hyperconverged market

VCE's new VxRail hyperconverged appliance sold 146 units in its first 44 days on sale and the EMC server unit's new leader Chad Sakac says that impressive start means he's betting the outfit will become the leading hyperconverged systems vendor by the end of 2016. Nutanix is felt to be the revenue leader in the field, having …
Simon Sharwood, 20 May 2016

Cisco retires Nexus 6000 switches

Cisco will retire its Nexus 6000 switches in mid-2017. The company recently popped out a end-of-life notice for the switches, which were launched in 2013 as part of a push to encourage adoption of 40G Ethernet. These days Cisco is keener on 100G Ethernet, promising to sell you faster kit for the same price as 40G kit. With …
Simon Sharwood, 20 May 2016
Titanic sinking

Symantec: I know we said things'd get better when we sold Veritas...

Symantec is slipping back into cost-cutting mode just months after the split with storage arm Veritas was supposed to provide the healing balm the business so clearly needed. The standalone security biz wants to carve out savings of $400m via an “efficiency programme” that includes “eliminating stranded costs” from the sale of …
Paul Kunert, 13 May 2016
Woman pays for something online with her credit card. Photo by Shutterstock

Experian Audience Engine knows almost as much about you as Google

We have grown so used to credit reference giants like Experian knowing almost as much about us as Google, but unlike Google, they put this information up for sale. This is perhaps why we have forgotten that Experian could form the basis of one of the most powerful personal intelligence systems in the world. And that it is a …
Faultline, 09 May 2016
Pennies in a jar. Photo via Shutterstock

Long term sick-note abuser Misco not losing nearly as much money

A pinkish hue has yet to return to the cheeks of sickly European reseller Misco but its latest financials indicate the patient is finally out of intensive care - the same cannot be said of its parent. Most of Misco’s vital statistics improved in calendar Q1, all but sales which slipped 5.3 per cent to $258.2m - or were down a …
Paul Kunert, 04 May 2016

Roll up, roll up: Dot Net Solutions has a 'war chest'

Microsoft minnow Dot Net Solutions is to stage a roll-up of the fragmented small biz managed services space in Europe. Dot Net, a seller of Azure public clouds on which it provides app dev, messaging & collaboration, back-up and DR, has bagged unspecified funding from US MSP New Signature, which itself got $35m from Columbia …
Paul Kunert, 03 May 2016
Big cloud, image via Shutterstock

Outsourcery inks Vodafone finance deal as selloff rumours grow

Sickly slinger of cloud services Outsourcery has signed a finance deal with Vodafone to keep the wolves from the door as it prepares to restructure – or do what some are interpreting as readying itself for a sale. The AIM-listed bringer of infrastructure, apps and UC services revealed at the start of this week it is again …
Paul Kunert, 27 Apr 2016
Pennies in a jar. Photo via Shutterstock

Cloud gear biz Outsourcery is running out of cash. Again

Misfiring AIM-listed cloud provider Outsourcery appears to be running out of runway. Sales still haven’t matched the predicted highs, cash flow is drying up again and a crash seems possible. The purveyor of infrastructure, software and unified comms clouds has pre-announced its calendar year 2015 results, with revenue up nine …
Paul Kunert, 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 …
Grinning man in suit points at a calculator meaningfully. Pic via Shutterstock

Fujitsu Tech Products overhauls direct sales team's pay

Fujitsu’s Technology Products Group (FTPG) says it is going to pay its end user sales team the same amount regardless of whether they transact business via resellers or cut out the middlemen. This is one of the levers the new look team team over at FTPG is pulling to grow business while containing costs, and breaking down the …
Paul Kunert, 13 Apr 2016
hacker

What exactly is it that infosec miscreants get up to? A quick overview

If corporate IT infrastructures are a battlefield, then the cybercriminals are putting up a good fight. Last year saw some nasty breaches. Anthem Insurance, which lost nearly 80 million records, and the US Office of Personnel Management, which lost 21 million records after failing to encrypt its records. Cybercriminals are …
Danny Bradbury, 13 Apr 2016
rage meme

Hey, tech industry, have you noticed Amazon in the rearview?

Sysadmin Blog Dear readers, I apologize in advance for the cursing, horrible metaphors, similes and so forth that will populate this blog. I am writing this after a day of dealing with a network cryptolocker outbreak and finally hitting that wall where I no longer care about anything except venting unto the world that silent rage that has …
Trevor Pott, 12 Apr 2016

Server vendors? Pah, they're mere resellers

Comment A few days ago Dell announced that they are reselling hyper-convergence solutions bundling software coming from Nutanix and VMware – and possibly others, too. From my point of view this is not a good strategy. Yes, it will boost some sales in the short term, but what is your differentiator in the long term? What is your value …
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 …
trolley_shopping_648

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

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
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

Violin Memory CEO and board member splash $180k on firm's shares

Violin Memory CEO Kevin DeNuccio has spent $37,500 to buy 75,000 shares of Violin at an average $0.50 share price, demonstrating his visible commitment to the company. He had previously bought 125,000 shares in two transactions since 2013. The first one, for 50,000 shares at $3.08/share, has so far lost around 80 per cent of …
Chris Mellor, 24 Mar 2016
trolley_shopping_648

Web hosting and domain name merchant UK2 Group puts up for sale sign

Hosting and domain name registrar UK2 Group is using the services of an investment banker to find a buyer - the second such attempt in a year, sources have claimed. Torch Partners is running the process on behalf of owner LDC, the mid-market private equity wing of Lloyds Banking Group, which took a majority stake in the group …
Paul Kunert, 24 Mar 2016
Photo by Michael Vadon

Apple stuns world with Donald Trump iPhone

Shy and modest Apple today unveiled a pair of small iPhones and iPads for people with itty-bitty hands. The Cupertino slinger of iStuffs summoned hacks to a brief hour-long conference in California to unveil the four-inch iPhone SE handset as well as a 9.7-inch iPad Pro slab. Both are powered by the now-available iOS 9.3 …
Shaun Nichols, 21 Mar 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
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