Feeds

The451.com is not dead (but very poorly)

Durlacher severs lifeline

  • alert
  • submit to reddit

3 Big data security analytics techniques

Paid-for online IT news serviceThe451.com is in urgent talks with potential investors to continue in business.

Last week, Durlacher, the niche investment bank and lead backer in The451.com, told the publishing business that it was pulling the plug.

But Paul Taylor, managing editor of The451.com, said that reports that the news service was folding were "exaggerated" and that it was continuing to publish stories today.

He "didn't know the details" of what was happening and refered us to chief executive Martin McCarthy, who wasn't available for comment.

McCarthy is talking to investors, Taylor told us, and an announcement about the future of the business can be expected later this week.

In July, The451.com reduced its headcount by 20 per cent taking its headcount down from 50 to 39 and axing satellite offices in Hong Kong, Germany and Australia.

Durlacher posted a £43.2 million loss last week, after writing down the worth of its investments. ®

Related Stories

The451.com wields job axe
Durlacher falls on Net Imperative collapse

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.