Articles about 10m

Hannibal Lector wearing mask

The IoT market will grow through cannibalisation, says Tech Mahindra

IoT World Congress What does the Internet of Things actually mean for business? "If a customer is spending $10m on maintenance, I say, 'Give us $8m and... I will bring you better availability of your equipment'," a confident Karthikeyan Natarajan of Tech Mahindra told The Register yesterday. Natarajan, the Indian firm’s veep for integrated …
Gareth Corfield, 26 Oct 2016
Image source: RT

Parliamentarians ask Obama to withdraw Lauri Love extradition request

A cross-party collective of 105 UK MPs has penned an open letter to US President Barack Obama, requesting that he intervene to withdraw the extradition requests for alleged #OpLastResort hacker Lauri Love. The letter is been signed by Culture Minister Matt Hancock MP, who is the Love family's constituency MP, as well as scores …
Nerd fail photo via Shutterstock

Australia's IBM-assisted Census fail burned AU$30 MEEELLION

Australia's AU$700k-per-year chief statistician has told a Senate estimates committee that the August 2016 Census crash lopped $30 million off the hoped-for $100 million savings to be had from taking the survey online. The Australian Bureau of Statistics (ABS) spent $10 million to have IBM conduct the online Census, but the …

You've been hacked. What are you liable for?

Hacking is big news and we’re all susceptible. In the UK, hackers could face jail time under the Computer Misuse Act, but the question on many businesses’ minds will be where the liability lies if they are hacked. The list of successful mega breaches continues to grow; extra-marital affairs site Ashley Madison hit the …
Frank Jennings, 14 Oct 2016
Cats eating a burrito and a taco

Metronet gobbles up hosting firm for £47.5m, instantly doubles in size

Manchester-based network services provider Metronet has snapped up infrastructure and hosting firm M247 for £47.5m. The combined business will have three data centres, over 200 staff, a combined turnover of more than £40m, and earnings before interest, taxes, depreciation and amortisation (EBITDA) of £12m. It means the ISP …
Kat Hall, 13 Oct 2016
WTF road sign

UK cops failed to act on Canadian intel on child abuse

UK police sat on intelligence about more than 2,000 child abuse suspects for 15 months, according to a damning report from independent watchdogs published on Tuesday. The Independent Police Complaints Commission (IPCC) found the Child Exploitation and Online Protection Centre (CEOP) - staffed by police officers with specialist …
John Leyden, 11 Oct 2016
A broken phone

Boost Ofcom's powers and fix mobile market woes, Three and TalkTalk tell MPs

Mobile telcos Three and TalkTalk told MPs today they want more power to go to Ofcom in the forthcoming Digital Economy Bill, in order to rebalance the market away from the dominance of BT/EE. Speaking at an evidence hearing on the forthcoming Digital Economy Bill, TalkTalk chief exec Dido Harding said: "I think inherently …
Kat Hall, 11 Oct 2016
Man getting a facial. Not that kind of facial, you pervs. Photo by Shutterstock

Make yourself presentable, upstart: We're going out

Part Three You’ve got the talent, you’ve the idea for something that resembles a product. But, as Steve Jobs said "real artists ship", and art isn’t something that comes just like that. In this case we’re talking architecture, we’re talking tools, we’re talking interface and UI – not necessarily things you were thinking about were they? …
Trevor Pott, 10 Oct 2016

IBM Watson Xprize is a chance to make AI more open, says prize team

A $5m AI competition aimed at showing “how humans can collaborate with powerful AI technologies to tackle the world's grand challenges” has been launched by IBM Watson under the XPRIZE banner. IBM Watson XPRIZE leader Amir Banifatemi hopes to repeat the successes of the previous XPRIZE, a separate competition, with AI. “There …
Katyanna Quach, 07 Oct 2016

Speaking in Tech: Making $1bn profit from a $10m investment? We'll take it

Podcast speaking_in_tech Greg Knieriemen podcast enterprise Speaking in Tech #231 - Melissa This week Ed Saipetch is back this week with Podcast Idol Melissa Gurney from Dell EMC. Our special guest this week is Erin Banks, Big Data & Analytics Marketing Director at Dell EMC. The trio discuss Big Data, Nutanix IPO, FPGA’s, DDOS and …
Team Register, 05 Oct 2016

Google says it would have a two-word answer for Feds seeking Yahoo!-style email backdoor

Since word spread that Yahoo! backdoored its own email servers for US intelligence services, we've heard from rival webmail providers denying they have put in place similar arrangements. That Yahoo! has a cosy relationship with the Feds is not surprising, especially given what we know about PRISM and Section 702 of the Foreign …
Iain Thomson, 05 Oct 2016
Welders wearing protective clothing fixing welding and grinding industrial construction oil and gas or water and sewerage plumbing pipeline outside on site. Photo by Andrea Slatter/Shutterstock

British Gas wins pre-paid smart meter patent lawsuit

British Gas has won a patent infringement claim brought against it by Smart-Tech, the holder of a certain smart meter patent. Had BG lost, it would have had to pay out tens of millions of pounds in royalties. The case, heard in May in London's High Court, revolved around a Meter-Tech patent filed in the year 2000 titled “A …
Gareth Corfield, 28 Sep 2016
Keep Portland Weird sign<a href="">Tyler McKay</a> / <a href=""></a>

Oracle settles with State of Oregon for US$100m, by locking it in

Oracle and the US State of Oregon have struck a $US100m settlement over Big Red's botching of a health portal project. But even though Oracle looks like the villain, it will probably come out ahead in the long term because the state has committed to implementing plenty of its software. The settlement came about after a $300m …
Simon Sharwood, 16 Sep 2016
White House drone

Height of stupidity: Heathrow airliner buzzed by drone at 7,000ft

An airliner circling Heathrow narrowly missed colliding with a drone flying at 7,000 feet – while another aircraft approaching the London airport saw a drone hurtle past just 30 feet from its cockpit. The first near miss took place in mid-May when an Airbus A319 pilot flying to Heathrow saw a one metre-long drone, painted …
Gareth Corfield, 30 Aug 2016
Tim Cook, photo by JStone via Shutterstock

Tim Cook trousers $135m in Apple shares

Apple CEO Tim Cook is $135m richer this week after receiving 1.26 million shares in the electronics giant, immediately selling $36m worth of them. Cooky announced the share provision in an SEC filing [PDF]. It forms part of a deal where he will receive seven million shares in the company by 2021. Most of the shares were …
Kieren McCarthy, 29 Aug 2016

NHS injects tender for PC and peripherals kit with £500m

The UK's NHS has a £500m budget to burn on PCs, printers and monitors in the latest mega framework tender to be dangled in front of ravenous tech suppliers. A ten lot agreement including desktops, lappies, tabs, peripherals, and warranties has been issued by the NHS Shared Business Services - the joint venture between DfH and …
Paul Kunert, 25 Aug 2016

DVLA misses out on £400m in tax after scrapping paper discs

The UK's Driver and Vehicle Licensing Agency (DVLA) collected £400m less in tax during the first 12 months of moving paper tax discs online, according to a Freedom of Information response. From October 2014 to September 2015, the DVLA collected £5.71bn in vehicle excise duty, £412m lower than in the previous 12 months - …
Kat Hall, 19 Aug 2016

Nutanix has swallowed something. Cough once if you're OK, guys

We’ve been banging on about Nutanix buying PernixData. Now tech consultant Justin Warren has noticed this nugget in an amended Nutanix S1 filing to the SEC: Acquisition On August 5, 2016, the Company entered into a stock purchase agreement to purchase all shares outstanding of a technology company in exchange for 528,517 …
Chris Mellor, 18 Aug 2016

Rubrik's extra funding as Firefly extended data management flies out of the coop

Bucking any notion of down rounds and funding droughts, Rubrik has completed a massive $61 million C-round – taking total funding to over $112m – and released its Firefly Cloud Data Management platform. The data management company was founded in January 2014 and took in a $10m A-round, plus a $41m B-round in 2015. With the …
Chris Mellor, 16 Aug 2016
Crowd watches fireworks at night in the field. Photo by Shutterstock

WD disk revenues spin slower as its flash fireworks go off

WDC beat its own better-than-expected preliminary results estimates with a $3.495bn quarter but swung to a $351m loss with fewer disk units sold. Layoffs are coming. Revenues for the fourth fiscal 2016 quarter, ended July 1, were 9.2 per cent higher than a year ago and 24.8 per cent up on the previous quarter. This quarter …
Chris Mellor, 29 Jul 2016

Quantum leap: A good quarter for disk backup gear, and yeah tape's OK

Quantum’s first fiscal 2017 quarter – the three months to June 30, 2016 – showed revenue growth as the tape market stabilized and big deals came good. Revenues of $116.3m were five per cent higher than last year’s $110.9m. There was a net loss of $3.8m, better than the $10.8m loss recorded a year ago and the unfortunate $52.4m …
Chris Mellor, 29 Jul 2016

Envy NVMe? Mangstor flashes $5m cash to bulk up array line

The NVMe-over-fabrics flash array startup Mangstor has had a $5m funding round. The company connects NVMe flash drives in its NX array to access servers using an NVMe over Fabrics link for access that is practically as fast as accessing local flash drives. It recently added a burst buffer capability to speed data access …
Chris Mellor, 19 Jul 2016

UKFast owner slurps app security biz Pentest

Secarma, the cyber security business owned by UKFast chief exec Lawrence Jones, has bought application security specialists Pentest Limited reportedly for £10m. The CHECK and CREST accredited company, whose 45-strong team work with global blue chip organisations, will add a team of ethical hackers to Secarma's roster. John …
John Leyden, 18 Jul 2016
Bank vault

BAE Systems partners with SWIFT to bolster hacker intel

BAE Systems has been recruited to help SWIFT's newly formed Customer Service Intelligence team in a bid to get ahead of cyber-criminals targeting banks connected to the global financial messaging service. The announcement follows the analysis and identification of malware that BAE Systems’ threat intelligence team was able to …
John Leyden, 15 Jul 2016

Successful fintech: UK has some, but it's not in Silicon Roundabout

Open up the business pages of any national newspaper and much of the coverage is focused on the latest fintech startup, the marvel that will transform the global financial system, backed – inevitably – by big name venture capital firms. But is this obsession with fintech deserved? A cool analysis of the phenomenon long term …
Marcus Gibson, 15 Jul 2016

Revolutionary Brit-made SABRE hybrid rocket engine to burn in 2020

The makers of the newfangled Synergetic Air-Breathing Rocket Engine (SABRE) have secured the necessary funding to fire up their hardware by 2020. Reaction Engines – the Oxfordshire, England-based team behind the next-gen engine – signed a collaboration contract with the European Space Agency at the Farnborough Air Show on …
Iain Thomson, 13 Jul 2016
A group of people hold out mobile phones in a circle. Photo by Shutterstock

The truth about Silent Circle's super-secure, hyper-privacy phones: No one's buying them

It seems that the Blackphone, the handset created by Silent Circle and Spanish firm Geeksphone, isn't as popular as its makers would like. Geeksphone has sued [PDF] its erstwhile partner for $5m in a New York court, claiming that disappointing hardware sales have crippled the partnership and left the Switzerland-based Silent …
Iain Thomson, 06 Jul 2016

Even Silicon Valley rolls its eyes as controversial Zenefits ex-CEO reveals he's back in business

It's a Silicon Valley trope, even a badge of honor, that failure is good. Fail fast, fail often. Learn from failure. There are even failure-based meetups where would-be Zuckerbergs share tales of having done miserably. But former Zenefits CEO Parker Conrad is pushing the envelope on what even Silicon Valley is willing to …
Kieren McCarthy, 06 Jul 2016
Image composite Titima Ongkantong, Stephen Marques, Shutterstock

Outed China ad firm infects 10m Androids, makes $300k a month

Net scum behind the Hummingbird Android malware are raking in a mind-boggling US$300,000 (£233,125, A$404,261) a month through illegitimate advertising and app downloads from a whopping 10 million infected devices. The offending group, known as Yingmob, is an offshoot of a legitimate Chinese advertising analytics firm with …
Darren Pauli, 06 Jul 2016
Lauri Love. Pic: Courage Foundation

Here's how police arrested Lauri Love – and what happened next

Feature Lauri Love was arrested on suspicion of offences under the Computer Misuse Act 1990 early in the evening of 25 October 2013, when a National Crime Agency officer wearing dungarees and posing as a UPS courier told Love's mother that Lauri himself had to come to the porch to collect his delivery. In his dressing gown and pyjamas …

Atlantis retreats to core VDI software and appliance market

Atlantis Computing, the software house that produced a VDI (virtual desktop infrastructure) offering and then expanded into general virtual server acceleration and on into hyper-converged appliances, is scaling its product line back to workspace software and hyper-converged appliances, with consequent job losses. Its current …
Chris Mellor, 29 Jun 2016

SWIFT hackers nick $10m from Ukraine bank

Hackers stole $10m from a Ukrainian bank by – yup, you guessed it – invading its computers and using the inter-bank transfer system SWIFT to shift their loot. The theft from an unnamed Ukrainian bank follows news of cyber-heists at other banks worldwide, most notoriously the lifting of $81m from an account held in New York …
John Leyden, 28 Jun 2016
Mega processor cables

Holy Crap! Bloke finishes hand-built CPU project!

Have you ever seen an up-close view of how a computer processor works? If you're in the UK, you can head over to Cambridge and see the process firsthand, thanks to the work of Reg friend James Newman, who has finally finished constructing his 16-bit masterpiece, the Mega Processor. You may remember the story of James and his …
Shaun Nichols, 24 Jun 2016
Tabby cat cuddles roll of one-hundred dollar bills. Photo by Shutterstock

Maplin Electronics demands cash with menaces

The private equity profiteers behind Maplin Electronics have turned the screws on suppliers to hand over bigger rebates to help pay for physical and digital store improvements or risk having their kit sidelined. The geek fiddlers emporium was sold to Rutland Partners for £85m almost two years ago when the investor promised “ …
Paul Kunert, 23 Jun 2016
K2 detail

Kaminario 'shelves' future. Between you and NVMe, it could get flashy

Analysis All-flash array vendor Kaminario has been in business a year longer than Pure Storage but is some way behind in sales, size and funding. However, it has begun expressing a technology vision that could accelerate its growth dramatically. We don’t know what Kaminario’s revenues from its K2 scale-up and scale-out arrays built …
Chris Mellor, 22 Jun 2016

Early supplier on's G-Cloud slams 'dying' framework

G-Cloud pioneer and small hosting biz Memset has slammed the framework as failing in its original vision to "punch through archaic government procurement requirements" with an online “App Store”. Founder of Memset Kate Craig-Wood got involved in the project in 2009 as technical architecture co-lead prior to the framework being …
Kat Hall, 15 Jun 2016
A view from Babbage's eye-mounted Picam

Cisco startup investment

Cisco has invested an undisclosed amount in storage software startup Elastifile. Elastifile is an Israeli startup, founded in 2014, and developing scale-out software to run all-flash arrays to provide enterprise-class file, block and object storage. The software will, we’re told, seamlessly extend file systems across on- …
Chris Mellor, 15 Jun 2016
A partially-eaten langos

Cisco is to spend $10m on infosec scholarships to 'widen talent pool'

Cisco is setting up a $10m scholarship fund to train the next generation of IT security staff. The Global Cybersecurity Scholarship Program will run for two years and will pay for 10,000 applicants to be trained in the art of cyber security. It includes a mentoring program to provide specialist knowledge. The basic coursework …
Iain Thomson, 14 Jun 2016
Scrambled Eggs from shutterstock

Google Ventures-backed sync-'n'-share firm changes direction. Got your attention?

File sync 'n' share startup Egnyte is starting a move to expand from file management into content intelligence, entering the domain of Commvault and Veritas. Egnyte was founded in 2007 by CEO Vineet Jain, VP Product Management RAjesh Ram, and VP Operations and Chief Security Officer Kris Lahiri. It has amassed $62.5m in …
Chris Mellor, 09 Jun 2016

Microsoft clones Trello, smuggles it into Office

Remember the days when you could accurately predict what would appear in next year’s version of Office or Windows by looking at CNet’s Top 10 download chart this year? Well, happy days are here again. Redmond has unveiled a card-based collaboration tool that will be bundled with enterprise editions of Office. Microsoft Planner …
Andrew Orlowski, 08 Jun 2016

Hulk Hogan's sex tape, a Silicon Valley billionaire, and a $10m revenge plot to destroy Gawker

Analysis It's long been feared that satire may be dead. But the proof seems to have arrived in reports that Silicon Valley billionaire Peter Thiel is secretly funding a Hulk Hogan sex-tape legal case against media outlet Gawker as part of a 10-year revenge fantasy for outing him as gay. The Hogan case was already a weird one: he was …
Kieren McCarthy, 25 May 2016

Blighty's Virgin Queen threatened with foreign abduction

Royal Museums Greenwich has launched an appeal to save for the nation a fine reminder of when England's dealings with Europe involved not referendums but hostile navies at the receiving end of righteous storm and cannon fire. The Armada Portrait of Elizabeth I. Pic: Royal Museums Greenwich A reminder of the good old days ( …
Lester Haines, 23 May 2016
Stanley Kubrick's The Shining

Imation's losses deepen 500%. CEO says things are 'successful'

+Comment About turn! You never lack for excitement with Imation, which has turned the previous quarter’s $94m in revenues and near $10m in losses into this quarter’s $10.7m revenues and $91.1m losses. Oy vey, where did the money go? Let’s try and sort this amazing black hole of red ink – excuse the tortured metaphors – into some kind …
Chris Mellor, 11 May 2016
Cthulu emerges from a printer. Image created by illustrator Andy Davies. Copyright: The Register

You can always rely on the Ancient Ones to cock things up

Something for the Weekend, Sir? We have installed a water feature in Dabbs Mansions. It’s an impressive vertical fountain with a splash radius of two metres. In hindsight, it was probably a mistake to install it in the utility room. To be honest, I don’t even remember ordering it. The first I knew about the whole thing was returning home after an hour and a …
Alistair Dabbs, 06 May 2016
Money falling, image via Shutterstock

Sage cheerfully pours £10m over Salesforce partner Fairsail

Payroll and accounting software firm Sage Software is taking a stake in Salesforce-HR platform partner Fairsail. Star-struck Sage, which has also announced interim financial results with growth in its own cloud service, will take a £10m minority stake in Fairsail and a board seat. Sage is leading the funding round. Fairsail …
Gavin Clarke, 05 May 2016
Exit sign. Pic:  Lukas Kästner

Nasuni co-founder departs, old job split into three

Rob Mason, the founder, CTO and EVP for engineering at Nasuni, has left the company he started up with CEO Andres Rodriguez. Nasuni is a cloud storage gateway supplier and was founded in 2008. It has had a total of $53m in funding: $8m in 2009; $15m in 2010; $20m in 2012; and $10m in 2014. Nasuni's business grows as …
Chris Mellor, 05 May 2016

Europe's Earth-watching sat beams back icy first pic

Europe's Sentinel-1B Earth-watching satellite has delivered its first image, a tad over two days after soaring aloft from Kourou, French Guiana, and a mere two hours after its Synthetic Aperture Radar was fired up. Norway's Svalbard archipelago - including the Austfonna glacier - was the satellite's inaugural snap (full …
Lester Haines, 29 Apr 2016

Honestly though, Twitter can't do anything right

Microblogging platform Twitter has disappointed investors, missing Q1 2016 revenue and user growth forecasts. Its share price has fallen 13.5 per cent in after-hours trading today to $15.35. The San Francisco company's GAAP net loss of US$79.7m was considerably better than the first quarter 2015 loss of $162.4m (and also …

Dell slips Scality's RING onto its OEM finger

Dell has upgraded its nine month old Scality reselling deal, offering the SD7000-S file and object storage server running OEM'd Scality RING software. This follows on from the HPE-Scality deal with HPE investing $10m in Scality and selling its RING software with its Apollo 4000 and ProLiant servers. The purpose-built and …
Chris Mellor, 18 Apr 2016
Marc Benioff of Salesforce. Pic: Techcrunch

Shareholder rage freezes Salesforce boss Marc Benioff's package

Mark Benioff won’t be getting a pay rise this year thanks to shareholder discontent over the “excessive compensation” of Salesforce management. The CRM-as-a-Service chief exec and co-founder will take home just $1.55m in Salesforce’s fiscal year 2017, exactly the same as last year. Benioff’s potential cash bonus has been …
Gavin Clarke, 12 Apr 2016