Feeds

Hammer claws free from 4Front

Puts distribution (name) into storage

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Hammer Distribution regained its independence via an MBO from parent company 4front plc on Friday. The $13.1 million (£8 million) buyout was led by Hammer founders Paul Sangster and Steve Easterbrook. The headline price includes $4 million of debt assumed by the new owners. In 1996, 4front paid £2 million for the business. Sangster and Easterbrook, formerly sales and marketing director and finance director respectively, will be joint MDs of Hammer. Sangster said the company, founded in 1991, planned to change its name within the next two weeks and drop the term "distributor". It would continue to specialise in high-end storage distribution, but would add more services, he said. Hammer was moving to bigger offices, still in Basingstoke, later this month, he said. It will offer facilities such as a SAN lab where it will have demonstrations for customers. The company has 60 staff, and will be looking for between 12 and 16 technical sales staff over the next year. According to Sangster, 4front had long-term plans to sell Hammer and concentrate on its own services and maintenance business. He and Easterbrook therefore made a bid to buy back the company.®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.