Feeds

The451.com is not dead (but very poorly)

Durlacher severs lifeline

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

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

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.