Feeds

Newport Networks set for float

Voice over IP: The new black

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

Terry Matthews' latest company, Newport Networks, is to announce a flotation on AIM, London's junior stock exchange.

The company makes session controllers - which telcos and carrier can use to bill Voice over IP (VoIP) calls. Matthews has invested £12.7m.

Welsh-born Matthews was behind Mitel - a contraction of 'Mike and Terry's Lawnmowers', which made the first chip-controlled switchboard - and switch and router company Newbridge Networks, which he sold to Alcatel for £4.4bn.

He believes that a sea change similar to that expoited by Mitel is on its way. In an interview with the FT, he says that telcos have to invest in VoIP now or risk going out of business.

Newport's advisers for the float are Evolution. IT wants to raise £15m from the initial public offering, valuing the company at between £30m and £35m. ®

Related stories

Welsh dotcoms set free from incubation
Alcatel slashes 300 UK jobs

Build a business case: developing custom apps

More from The Register

next story
Pay to play: The hidden cost of software defined everything
Enter credit card details if you want that system you bought to actually be useful
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
HP busts out new ProLiant Gen9 servers
Think those are cool? Wait till you get a load of our racks
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
VMware's high-wire balancing act: EVO might drag us ALL down
Get it right, EMC, or there'll be STORAGE CIVIL WAR. Mark my words
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

Best practices for enterprise data
Discussing how technology providers have innovated in order to solve new challenges, creating a new framework for enterprise data.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
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?