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Articles about 100m

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Psst. Hey, Jock. I got £100m for outsourcers here. Fancy a hit?

A £100m pot of cash for managed service providers will form part of the Scottish government's next public sector-wide tech agreement. A prior information notice on the Official Journal of the EU was distributed to suppliers for the replacement to the Scottish Procurement Framework, which is currently winding down. "Scottish …
Paul Kunert, 24 Jul 2014

Schmidt gets $100m in Google stock on top of his $6m bonus

Google chair Eric Schmidt has gotten his second $100m dose of restricted stock units in less than three years. The Chocolate Factory said in a filing with the Securities and Exchange Commission that Schmidt was getting the stock award along with a $6m cash bonus for the year next week. The firm said the sizeable package was "in …

Don't hang up! Cisco chucks $100m at Internet of Things

Cisco may have predicted tough times ahead, after sales recently fell sharply in China and it laid off 4,000 employees due to a growth slump, but the networking giant reckons that pumping cash into the so-called Internet of Things will help spur on recovery. It has slapped $100m on the pile to invest in ultra-low-power embedded …
Kelly Fiveash, 13 Feb 2014
PhoneShop TV show

Vodafone to spend £100m on 150 new Brit phone shops

Vodafone has said that it plans to add another 150 shops in Blighty and create 1,400 retail jobs in the next 12 months as part of a £100m expansion. The cash for the expansion is coming out of the company's billion-pound investment pot, which is also funding its aim to cover 98 per cent of the UK population by 2015 with 2G, 3G …
francis_maude_flames_evil

UK.gov: NO MORE tech deals bigger than £100m. Unless we feel like it

Tech titans that grew fat off the public sector purse should take note that IT contracts worth £100m and over are to become a thing of yesteryear - according to the government. This is one of a number of "red lines" that the Cabinet Office published today, in new regulations that are designed to loosen the grip that hefty …
Paul Kunert, 24 Jan 2014
Handshake

With $100m+ buyout deal, Klout is suddenly popular again

Klout, the startup that claims to be able to measure users' influence on social media sites, has just gained a whole lot more influence of its own – at least $100m worth. Re/Code reports that Klout has been acquired by "social customer experience" company Lithium Technologies in a cash-and-stock deal valued "in the low nine …
Neil McAllister, 11 Feb 2014
Lenovo K800

Restless PC biz Lenovo blows $100m to gobble 2,500 mobe tech patents

Lenovo has inked a patent deal which looks to expand the company's reach into the mobile computing world. Wireless intellectual property broker Unwired Planet said it will take $100m in cash from the Chinese electronics giant in exchange for about 2,500 "issued and pending US and foreign patents" covering wireless broadband and …
Shaun Nichols, 21 Mar 2014
IBM's Watson playing Jeopardy

IBM to invest $100m and a decade into using Watson in Africa

IBM is planning to invest $100m and 10 years on getting Africa hooked on its Watson supercomputer system. Big Blue said that it wants to use the system in "Project Lucy", named after the earliest known human ancestor, to help the continent in key areas like healthcare, education, sanitation and agriculture. "In the last decade …

Freeview's rumoured '£100m YouView killer' is real – and it's yet another digital TV thing

A new UK TV platform dubbed Freeview Connect has been officially announced after many months of rumour within the industry. It will provide catch-up and other on-demand services for terrestrial UK broadcasters – much as YouView does today. The move leaves Freeview shareholder Sky, which has its own telly platform, out in the …
Andrew Orlowski, 05 Jun 2014
BBC logo 2012

£100m DMI omnifail: BBC managers' emails trawled by employment tribunal

The BBC last week stood by its dismissal of former technology chief John Linwood over the failed £100m digital media initiative. The Corporation was judged to have broken the law in dismissing Linwood and reading the tribunal’s findings makes the BBC's defence difficult to accept. According to the BBC, the tribunal “ …
Gavin Clarke, 12 Aug 2014
Samsung logo

Samsung puts Silicon Valley on a plate in $100m all-you-can-eat

South Korean leviathan Samsung has ring-fenced $100m to snap up early startups in IT security, mobile tech and remote computing. The globe-spanning chaebol has already set aside a billion dollars for its Samsung Ventures America Fund subsidiary, which will be run along with the $100m "Catalyst Fund" at the new Samsung Strategy …

Ingram chief on $100m SLASH FEST: 'It doesn't take a genius' to see IT market's changing

Lumbering tech distributor Ingram Micro is banking on the biggest restructure in its European history to make the biz leaner and meaner, regional president Gerhard Schultz has revealed. Details of the global transformation plan designed to slash annual overheads by $100m a year are emerging, and as revealed yesterday will …
Paul Kunert, 28 Feb 2014

Korean credit card companies hit with 90-day, $100m sales ban

Three South Korean credit card firms which are thought to have exposed the personal data of 20 million customers have been forced to suspend all new business for three months in a blow which could cost them nearly $100 million. Korean regulator the Financial Services Commission (FSC) said the firms were not allowed to sign up …
Phil Muncaster, 20 Feb 2014
The Register breaking news

White Space wonga time: White House tips $100m into next-gen comms

The US government will sink $100m (£63.5m) into research and development of White Space technology over the next five years. And the majority of the cash will come from everyone's favourite mad-professor tech clearing-house DARPA. The first $23m will come direct from the White House, and will be awarded in the next couple of …
Bill Ray, 17 Jun 2013

Elon Musk: 'Fudged' NYT article cost Tesla $100m

Tesla Motors founder Elon Musk says a recent negative review of his company's Model S electric car by The New York Times may have cost his company as much as $100m. "It probably affected us to the tune of tens of millions if not maybe on the order of $100m, so it's not trivial," Musk said in an interview with Bloomberg TV's …
Neil McAllister, 25 Feb 2013

Dutch tech services outfit Imtech takes €100m write-down

IT technical and managed services provider Imtech is warning of a financial writedown of at least €100m due to "possible irregularities" at its Polish sub. The Netherlands-based group, which also has electrical and mechanical service units in addition to its ICT arm, said it had "ordered a forensic investigation" of the …
Paul Kunert, 04 Feb 2013
The Register breaking news

Google Plus minus Meebo Bar equals Google minus $100m

Google will axe the website widget Meebo Bar just one year after buying the company that built it. The advertising giant said it scrapped the tool to focus on its Google+ plugins. Google bought Meebo on 4 June reportedly for $100m, before proceeding to strip away much of its functionality. It started as an instant-messaging …
Jasper Hamill, 29 Apr 2013
BBC logo 2012

'Silent' staff stood by as £100m BBC IT project tanked – DG

The BBC's new director general Tony Hall says staff should have spoken up about the catastrophic Digital Media Initiative (DMI). The utopian media storage project cost the BBC almost £100m since 2010 (and some £81m before then) before it was formally abandoned in May, with the corporation opting to use off-the-shelf software …
Andrew Orlowski, 23 Aug 2013
The Register breaking news

Swivelling Eye-of-Sauron style WiFi maker preps $100m IPO

Wi-Fi signal booster biz Ruckus Wireless has set in motion a $100m stock market debut, and hopes to be listed early next year. The company requested the stock symbol RKUS but didn't specify how many shares will be sold nor which exchange will host the listing - the fields are blank in the initial public offering paperwork filed …
Bill Ray, 08 Oct 2012
The Register breaking news

Apple to cough up $100m after kids rinse parents' credit cards on apps

Parents whose credit cards took a hammering after their kids went on iTunes spending sprees are in line for some compensation from Apple - in a lawsuit settlement that could cost the fruity biz $100m. Parents were horrified to receive huge bills from their iTunes accounts for items such as virtual vegetables for iPad games. A …
Anna Leach, 26 Feb 2013
The Register breaking news

Chinese man pleads guilty to $100m piracy scam

A Chinese businessman has pleaded guilty to copyright infringement on an epic scale after helping to crack and sell pirated high-end software worth in excess of $US100m over a three year period. Xiang Li of Chengdu in China’s south-western Sichuan province, disputed the value of the software he sold but pleaded guilty to …
Phil Muncaster, 08 Jan 2013
The Register breaking news

HP's Ray Lane faces $100m tax bill over 'sham' tax shelter

It seems ex-HP chairman Ray Lane is as good at picking tax shelters as software companies, since the IRS now says he owes them $100m in unpaid taxes from an investment scheme that has been ruled illegal. Papers filed in the Washington tax court show claim Lane, who stepped down from HP in April in the wake of the botched …
Iain Thomson, 07 Jun 2013

Australia cuts Microsoft bill by AU$100m

Australia has reduced the amount of money it pays for Microsoft products by AU$100m (£66m, $103m), according to the nation's Chief Technology Officer John Sheridan. Speaking yesterday at the Kickstart conference, Sheridan explained that consolidating contracts from 42 to one and working through a single reseller has enabled the …
Simon Sharwood, 17 Feb 2013
The Register breaking news

'UK DNA database by stealth' proposed in £100m NHS project

Prime Minister David Cameron is to announce plans for the NHS to create a massive database of patients' DNA, which experts have advised could lead to massive health benefits and advances in medical technology. However the creation of such a database has obvious and far reaching privacy implications. In an attempt to address such …
Kelly Fiveash, 10 Dec 2012

DataDirect plunks $100m on storage array disguised as a super

Supercomputer storage supplier DataDirect Network is setting up a $100m exascale computing lab. The goal is to hit one quintillion floating-point operations per second, and DDN hopes this mind-boggling level of number-crunching will be reached by 2018. The company is going to direct its funds to: Accelerating IO with a new file …
Chris Mellor, 14 Nov 2012
The Register breaking news

Blighty slaps £100m spending cap on govt IT projects

The coalition's election pledge to cap IT contracts at £100m will become official policy from next month. A procurement policy notice released by the Cabinet Office sets 1 April as the deadline when the cap will come into force for central government departments, their agencies and non-departmental public bodies. The £100m …

'£100m For Sale' sign plonked outside Northgate MS - sources

Northgate Managed Services (NMS) is up for sale and investment banking biz Jefferies International is doing the hawking, claim sources close to the company. "Northgate Managed Services is up for sale, the reality is that the business has been offered to a number of firms," said a person familiar with the matter. It is …
Paul Kunert, 12 Sep 2012
francis_maude_flames_evil

UK.gov unzips, pulls out £100m wad for its favourite suppliers

The UK Cabinet Office says as much as £100m of public-sector IT contracts are now up for grabs for the 458 cloud services providers approved by Whitehall. All the government needs to do now is teach IT buyers in the public sector how to actually use the newly launched UK.gov G-Cloud 2 CloudStore, Blighty's online procurement …
Paul Kunert, 26 Oct 2012
The Register breaking news

Techies evac'd as raging wildfire menaces $100m Colorado data centre

A massive HP data centre in Colorado Springs is in danger of being destroyed by a wildfire raging near by. The data centre, located alongside a HP laboratory and office on Rockrimmon Boulevard in Colorado Springs, is in the mandatory evacuation area (PDF) for the fire, although the fire hasn't reached that street yet. "The …
The Register breaking news

Obama seeks $100m to unlock your BRAIN's secrets

The Obama administration has announced a major new effort to study what the president referred to as "the mystery of the three pounds of matter that sits between our ears." BRAIN Initiative infographic Details of the White House's 'Grand Challenge' (click to enlarge – substantially) The private-public partnership, …
Rik Myslewski, 03 Apr 2013
The Register breaking news

Osborne names UK cities to land £100m broadband bonanza

The Chancellor of Exchequer George Osborne confirmed today exactly which cities in the UK will get their hands on a cash pile set aside to speed up broadband. Belfast, Birmingham, Bradford, Bristol, Cardiff, Edinburgh, Leeds, London, Manchester and Newcastle will be dubbed "super-connected cities" by the government at least, …
Kelly Fiveash, 21 Mar 2012
The Register breaking news

Google Plus plus Meebo equals Google minus $100m

Google is set to acquire website widget maker Meebo for a reported price tag of $100m (£64.8m) in a clear move to drum up interest in Google+, the ad giant's flagging social network. Meebo confirmed the planned takeover in a blog post on Sunday. The cloud-based upstart makes a button bar that, among other things, appears on …
Kelly Fiveash, 06 Jun 2012
channel

Adapt swallows eLINIA for £13m, plans £100m sales op

Adapt, the venture-backed UK managed service provider, is touting ambitions to build a £100m operation inside four years and has taken a small step toward that goal by stumping up £13m for infrastructure outsourcing firm eLINIA. Lyceum Capital, pumped £30m on London-based Adapt in September last year and the company has started …
Paul Kunert, 17 Apr 2012
The Register breaking news

Pinterest valued at $1.5 BILLION, bags $100m in funding

Cupcake and kitten-laden photo site Pinterest has bagged $100m in funding from a bunch of investors led by Japanese online retailer Rakuten. Rakuten said today that it was heading up the multimillion-dollar handout with help from existing Pinterest investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital as …
BBC logo 2012

BBC lied to Parliament about doomed £100m IT monster, thunder MPs

The BBC lied to Parliament by giving MPs and auditors glowing progress reports on a £100m computer project that embarrassingly flopped, it is claimed. The project in question, the "strategic" Digital Media Initiative (DMI), has now been abandoned at a cost of at least nine figures; a rapid decision by the new BBC Director- …
Andrew Orlowski, 12 Jun 2013
BBC logo 2012

BBC suspends CTO after £100m is WASTED on doomed IT system

The BBC has suspended its chief technology officer on full pay - after it spunked almost £100m on a "tapeless" digital content management system that didn't deliver. The £98.4m figure attributed to the failed Digital Media Initiative (DMI) may be a conservative estimate: the BBC Trust has commissioned an external technical …
Andrew Orlowski, 24 May 2013

Alabama quadchopper hits THREE THOUSAND FEET next to AIRPORT

An Alabama UAV enthusiast has been told by the Federal Aviation Authority (FAA) to steer clear of airports after he sent a quadcopter up to 1,100m (3,609 feet) within five miles of Birmingham-Shuttlesworth International Airport (BHM). Michael Mayhew posted an impressive video of the DJI Phantom 2 flight on YouTube, and shared …
Lester Haines, 07 Jul 2014
The Register breaking news

India splurges £100m on new mega internet snooping HQ

India's clampdown on its netizens is set to continue after its government revealed it is setting up a National Cyber Co-ordination Centre to monitor all web traffic flowing through the country – in the name of national security. The Times of India had access to the minutes of a National Security Council Secretariat meeting held …
Phil Muncaster, 29 Feb 2012
The Register breaking news

Nokia Ace to launch from $100m mountain of ad cash

Microsoft and its partners will start spending money like water in the next three months, following the launch of the Nokia Ace, according to sources cited by Betanews. The site says $100m in cash will be spent by AT&T, Microsoft and Nokia to push the Windows Phone handset into American hands in the second quarter of 2012. That …
Bill Ray, 04 Jan 2012
The Register breaking news

Geek darling GitHub nabs $100m investment

Software developers aren't always known as the most social of creatures, but the venture capital firm of Andreessen Horowitz is betting big that the social networking craze will be a cash cow even among hardcore geeks. The firm, which was cofounded by Marc Andreessen of Netscape fame, has sunk $100m into GitHub, the online …
Neil McAllister, 10 Jul 2012

Whitehall hopes to shave 'conservative' £100m off PC bill

The government expects to cut at least £100m off its annual personal computing bill under an HMRC led standardisation program. The savings are expected in procurement, services and management, as departments eliminate waste, duplication and overspend, HM Revenue and Customs' Nigel Green told the Government ICT Conference in …
Gavin Clarke, 01 Feb 2012
The Register breaking news

UK.gov slaps £100m on broadband investment pile for urbanites

The government will take £100m from the £5bn national infrastructure investment pot over the course of this Parliament in a move to speed up broadband networks in selected urban areas. Rural areas, meanwhile, have been passed over. George Osborne announced the extra cash that the likes of BT and Virgin Media will be able to bid …
Kelly Fiveash, 29 Nov 2011
The Register breaking news

Intel unveils $100m plan to juice AppUp Center devs

Intel Capital has unveiled a new $100m AppUp Fund to jumpstart companies developing content for its online Intel AppUp Center store, which is currently limited to software running on Windows XP, Windows 7, and MeeGo devices based on the Atom processor. "The Intel Capital AppUp Fund will help encourage the creation of companies …
Rik Myslewski, 15 Nov 2011
The Register breaking news

Scotland seeks £100m IT hardware deal

Scottish Procurement has published a tender for IT hardware and associated services, worth between £80m and £100m. According to a notice published in the Official Journal of the European Union, the deal will be divided into the following five lots: PCs, workstations, netbooks, laptops and thin client technology. The notice says …
Twitter for Mac Old

Profitless Twitter: We're looking to raise $1.5... yes, billion

Twitter is planning to raise up to $1.5bn in its first debt offering since the company went public in November last year. Twitter said that some of the cash from the debt offering would go towards paying for these hedge transactions and the rest would be used for very vague “general corporate purposes”. The microblogging …
Actifio's single protection silo and virtual copies

Storage weight-loss wonder Actifio slurps $100 million cash pot

File copy reduction startup Actifio has just been give $100m in a funding round to grow its business. Its Copy Data Storage platform product makes a master snapshot copy of production data and presents virtualised copies of it for test and dev, protection, business continuity, disaster recovery, archiving and analytics use. …
Chris Mellor, 24 Mar 2014
hands waving dollar bills in the air

Microsoft kicks SUSE another $100m

The SUSE division of Attachmate has managed to talk Microsoft into shelling out another chunk of change – $100m – to help prop up SUSE Linux Enterprise Server, the Linux distro formerly controlled by Novell, and to help drive Red Hat's rival distro from Windows shops. This is the third reseller agreement that Microsoft has inked …
The Register breaking news

Square gets $1bn valuation with $100m investment

Square has raised another $100m, giving the payment processor a valuation of $1bn and a new board member in the shape of Mary Meeker, a partner at investor KPCB. The $100m investment follows $27.5m that was dropped into the business in January, and the original $10m raised on the back of Twitter-founder Jack Dorsey's idea. Based …
Bill Ray, 29 Jun 2011
The Register breaking news

Can Jonny Ive's new 'iOS Vista' SAVE the BBC's £100m BRAIN? Yes!

"With physical products, we have to feel we can dominate them" - Sir Jony Ive As one of the world’s most successful internet investors – remember, I lost $51bn in just one day while at Woodstock Capital – it’s vital to have your finger on the pulse. Or your finger on someone else’s pulse, which is where my invaluable assistant …
Steve Bong, 21 Jun 2013

Manhattan drone pair cuffed for NYPD chopper near miss

A pair of Manhattan residents were cuffed in the early hours of yesterday morning after allegedly endangering a NYPD police helicopter with a quadchopper. According to the New York Daily News, cops claim Remy Castro, 23, and Wilkins Mendoza, 34, were "remotely piloting a DGI [sic] Phantom 2 drone" on a flight over the Spuyten …
Lester Haines, 08 Jul 2014