Articles about 100m

Salesforce slaps down $100m fund for cloudy European upstarts

Profitless software-as-a-service pusher Salesforce has opened a $100m (£66m) investment fund for European startups under its Salesforce Ventures vehicle. It said the fund is intended to "fuel cloud innovation" in the region. The investment vehicle has been going since 2009 but its 150 investments have mainly been US companies …
Kat Hall, 13 Oct 2015
US cashpoint. Pic: Tax Credits

Open sourcerer Mirantis taps up Intel for $100m worth of funding

Chipzilla Intel has led a funding injection of $100m (£64m) into open source cloudy operating system Mirantis, part of its move into the world of OpenStack. The deal is apparently part of Intel’s recent announcement intended to create "tens of thousands of new clouds". Mirantis has so far raised $220m, having previously …
Kat Hall, 24 Aug 2015

UK biz email slinger Mimecast files for $100m IPO in US

Mimecast filed for an initial public offering on Wall Street on Friday and said it hoped to raise up to $100m (£64m). The London-based email security vendor, which has 14,500 biz customers on its books, said that it planned to list under the symbol "MIME" on the Nasdaq exchange. For its most recent quarter, Mimecast – which …
Kelly Fiveash, 19 Oct 2015
hands waving dollar bills in the air

Hey, software entrepreneurs! Open Ocean puts €100m up for grabs

Helskini-based Open Ocean has announced a €100m fund to target early-stage investment in European software startups, with 20-year veteran of the European tech entrepreneur scene Richard Muirhead being brought in to recruit and lead its London operations focusing on the UK market. The fund is to focus on "data-led, fast-growth …

AT&T fined about 3 days of profit ($100m) for limiting 'unlimited' plans

The US Federal Communications Commission (FCC) has fined AT&T $100m (£63m) after accusing it of unfairly limiting "unlimited" mobile data plans. The telco insists it has done nothing wrong. The regulator said AT&T broke its Open Internet rules by deliberately slowing subscribers' download speeds when they went over their 3GB to …
Shaun Nichols, 17 Jun 2015

$100m fine? How about, er, $16k? AT&T teabags FCC with its giant balls

AT&T has taken its four-year campaign to avoid liability for throttling its "unlimited" data plans to new heights by proposing that a $100m fine imposed last month be reduced to just $16,000. In a filing leaked to Congress obsessive The Hill, the US telco giant argued that the fine levied by the Federal Communications …
Kieren McCarthy, 31 Jul 2015
Photo by Heather Sorenson /

Hey devs. Forget Siri – Amazon's Alexa will show you a $100m good time

Amazon is reaching out to developers in an effort to build a rival to voice assistant services like Apple's Siri and Microsoft's Cortana. The online retail giant has released APIs and a software development kit (SDK) in an effort to build up its new Alexa voice service, which is built into its Echo smart speaker. It has also …
Kieren McCarthy, 25 Jun 2015

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

Post Office: Here's £100m, Computacenter. Now get us up to date, for pity's sake

Services-based reseller Computacenter has bagged a £100m project to refresh and manage tens of thousands of PCs for the Post Office, in line with the customer’s aim to drag itself into the 21st century. The four-year End User Computing Tower involves CC buying, configuring, installing and maintaining more than 30,000 devices …
Paul Kunert, 08 Dec 2014
gTLD graphic

Want to own .app, .blog or .pet? Best sell a third of yourself for $100m on London Stock Exchange

Internet registry Afilias hopes to build a $100m (£62.3m) war chest by floating on the London Stock Exchange – just in time to spend the cash snapping up the rights to new dot-word domains. The company will sell 30 percent of itself next month, ahead of a critical dot-word auction planned for 17 December. Some 21 valuable new …
Kieren McCarthy, 23 Oct 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 …
Kelly Fiveash, 13 Feb 2014

How much will it take to make OpenStack better? Well, stack dev Mirantis just bagged $100m ...

Three-year-old OpenStack startup Mirantis has scored $100m in venture-capital funding, we're told. The series-B cash injection came from Intel Capital, Ericsson, and Sapphire Ventures (formerly SAP Ventures) and other investors. Mirantis was founded in 2011, and (until now) had $20m in the bank from Valley sugar daddies. It …
Gavin Clarke, 21 Oct 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 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

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

+Comment 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
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 …
BBC logo 2012

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

Analysis 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

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

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
Internet construction helmet

Don't flip your lid: The Internet of Helmets has arrived

Microsoft has shown off an internet helmet built by a customer. The hard-wired headwear is the brainchild of construction outfit Laing O’Rourke, which is rightly concerned with the welfare of workers it sends out to build stuff in the sweltering heat of places like Australia and the Middle East. Folks toiling in the hot sun …
Simon Sharwood, 20 Nov 2015

Russian billionaire: GET me the ALIENS ON THE PHONE. Do it NOW

Humanity's quest to discover intelligent aliens resident in other star systems has received a big boost from well-known Russian biz overlord Yuri Milner, who has splashed $100m on the search with the endorsement of famous boffin Stephen Hawking. A project he calls Breakthrough Listen will give SETI researchers access to the …
Jennifer Baker, 20 Jul 2015

HP coughs up $100 MEEELLION to settle Autonomy lawsuit

HP has coughed up $100m (£65m) to settle its legal dispute with a Dutch pension fund over its massive $8.8bn (£5.6bn) Autonomy write-down. HP confirmed today that it has entered into a settlement agreement with PGGM Vermogensbeheer, the lead plaintiff in the securities class action arising from the impairment charge taken by HP …
Kat Hall, 09 Jun 2015

Red Hat buys Ansible for DevOps loveliness

Red Hat is buying Ansible, a big wheel in the DevOps tools scene, for an undisclosed price. But the gossip is $100m or so, a tidy sum for a company with just 50 employees. Ansible does IT automation and will sit in nicely with Red Hat’s so-called “hybrid management portfolio” – that means it joins OpenStack and containers. …
Drew Cullen, 16 Oct 2015
Whitehall road sign. Sgt Tom Robinson RLC/Crown copyright claims 'success' over SME broadband scheme

The government has admitted to falling substantially short of its original target to hand small businesses £100m in broadband vouchers. The Broadband Connection scheme was launched at the end of 2013 to provide grants for faster web access of up to £3,000, but the Department for Culture, Media and Sport confirmed today that …
Kat Hall, 03 Sep 2015

Red Hat raises guidance after good Q2

Red Hat rode on the back of rising cloud subscriptons to turn in a good Q2. Revenues for the quarter ended 31 August, 2015 were up 13 per cent year to $504m ($445,9m) – and 21 per cent on a current currency basis. Net income was $51.8m ($6.8m) The open source vendor reports an annualised run-rate of $100m for its certified …
Drew Cullen, 22 Sep 2015

Ofcom approves Qualcomm’s spectrum sale to Vodafone, Three

As expected, Ofcom has now rubber-stamped the L-band deal which saw Qualcomm sell a portion of its spectrum to Vodafone and Three, publishing a statement on the matter. Vodafone has bought the 1452-1472MHz frequencies, and (the soon-to-be-merged-with-O2) Three's spectrum at 1472-1492MHz. Spectrum is a touchy subject, but this …
Simon Rockman, 23 Sep 2015

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

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
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

Red Hat tops out Ansible Tower 2.4

Red Hat has uncapped Ansible Tower 2.4, its first update to the IT automation platform since hoovering up the DevOps darling last month. New features include support for OAuth2 authentication using GitHub or Google Apps, to simplify user and group management, and avoid duplication. It also includes enterprise authentication …
Joe Fay, 19 Nov 2015
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
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

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 suspends broadband connection voucher scheme

The government has suspended its broadband connection voucher scheme, following last month's announcement that more than 40,000 SMEs had got their hands on the funds. In September, the Department for Culture, Media and Sport warned small businesses that time was running out to sign up to the scheme that helps them get …
Kelly Fiveash, 13 Oct 2015

Broadband minister: Our voucher scheme for SMEs is a tremendous success

Digital hairdressers and beardy, Web2.0 purveyors of boxes of cereal chomped down on more than 1,000 broadband vouchers that were dished out to small businesses by the UK government. The Department for Culture, Media and Sport crowed on Monday that 55,000 SMEs had got their hands on grants for faster web access costing up to £ …
Kelly Fiveash, 16 Nov 2015

Delphix is in a DaaS for cash after sponging up $75m

Database data virtualising startup Delphix has gained $75m in fourth round funding to scale sales, marketing, and operations across global geographies. It claims it's a DaaS company, meaning Data as a Service, and was started up in 2008 with these funding rounds: 2009 – $8.5m 2010 – $11m 2012 – $25m 2015 – $75m That's a …
Chris Mellor, 14 Jul 2015
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
A Lyft car

Uber rivals Lyft and Didi adopt 'enemy's enemy is my friend' policy

US "sharing economy" taxi firm Lyft has teamed up with Chinese equivalent Didi in a "strategic partnership" designed to see off the global threat posed by Uber. The deal was consummated with a cash injection of $100m (£64m) in Lyft by China's largest ride-sharing company. Lyft said in a statement: "With this partnership, we’ …
Kat Hall, 17 Sep 2015
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 …
Driverless car

Whitehall maps out Blighty's driverless future

The UK's Department for Transport – with £20m of R&D taxpayer money on the table (the first tranche of a total £100m) – has published a code of conduct for driverless car testing. Whitehall hopes to push British motor makers ahead of the game in getting driverless cars on the road, the DfT said. The code follows on from a …

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
Oblivion, the movie drone

Intel keeps droning on, as PC sales continue to tumble

Intel has chucked $60m (£39m) at Chinese drone company Yuneec in a bid to combat the downward spiral in global PC sales, the latest cash-splashing exercise by the chipzilla. In a video statement announcing the move Intel Chief Executive Officer Brian Krzanich said: “At Intel we believe in a smart and connected world. And one …
Kat Hall, 27 Aug 2015 dumps another £40m into unpopular SME broadband scheme

Seemingly flush with cash, the government is pouring an extra £40m into its SME broadband voucher scheme, despite the pitiful take up of the existing £100m initiative to date. Plans to extend the scheme until March 2016, and to more cities, were outlined in the Treasury's 2014 National Infrastructure plan. "Vouchers will be …
Kat Hall, 03 Dec 2014

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