Feeds

Newport Networks set for float

Voice over IP: The new black

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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

Internet Security Threat Report 2014

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
IBM storage revenues sink: 'We are disappointed,' says CEO
Time to put the storage biz up for sale?
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.