Feeds

Wyse changes ownership, appoints new boss

Thin deal for thin clients

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Wyse, the veteran thin client hardware maker, is now owned mostly by a California private equity firm, which has bought “a controlling stake” in the company for $35m.

As Wyse has a turnover of $175m, the purchase price for this unspecified stake appears to be on the thin side too, perhaps reflecting a less than sunny outlook for thin client hardware.

But no, Garnett and Helfrich Capital, a start-up venture buyout fund based in San Jose, is gunning for sales of $1bn by 2010 for its new baby. The firm has bought its stake from the Koos Group, a big Taiwanese conglomerate, which will retain an unspecified “ownership position” in Wyse.

They aim to “bolster Wyse’s software business and support the company’s movement into underserved Asian markets”. A new management team led by John Kish, a so-called CEO in residence at Garnet and Helfrich, has been installed at Wyse to make it all happen. ®

New hybrid storage solutions

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.