Articles about 15m

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Three pence in a pound awaits Steljes' trade creditors

Unsecured creditors of audio visual distributor Steljes that are owed £6.72m by the fallen specialist will likely receive just three pence in the pound, according to the company’s administrator. Steljes collapsed in late May after cash flow dried up and directors were forced to call on AlixPartners, which decided the only …
Paul Kunert, 19 Jul 2016

It's not our fault we don't hire black people, says Facebook

Facebook has explained away another year of dreadful diversity figures by claiming that there simply aren't enough minorities available for it to hire. Despite having been at the receiving end of years of criticism for its overwhelmingly white male workforce, the social media giant's latest figures show that only 4 per cent of …
Kieren McCarthy, 14 Jul 2016
London Undeground, photo by PHOTOCREO Michal Bednarek via Shutterstock

London's contactless ticket payment system for sale in £15m deal

A contactless payment system built for London’s massive public transport network is to be made available commercially under a £15m deal. Transport for London has agreed that its two-year-old contactless payment system can be modified and sold to other cities by Cubic Transportation System. The £15m deal grants CTS access to …
Gavin Clarke, 13 Jul 2016

Former Lenovo boss directed to CEO chair in Avnet's exec lounge

Enterprise tech distie Avnet has ejected Rick Hamada from the CEO chair and his seat on the board amid a warning that sales and profits have not tracked to previous forecasts. Hamada’s successor? Bill Amelio, former top dog at Lenovo and one-time Asia Pacific president at Dell who has buckets of experience of running high …
Paul Kunert, 11 Jul 2016

$15m renames Harvard center

A donation of $15m from corporate lawyer Michael Klein has led to the renaming of Harvard University's dedicated internet center. The Berkman Center for Internet & Society will henceforth be known as the Berkman Klein Center. "This gift helps ensure that Harvard Law School will remain at the forefront of problem solving as we …
Kieren McCarthy, 05 Jul 2016
drone

Post Brexit EU will spend 'stability and peace' budget funding Chinese war drones

The European Union wants to spend part of its “peace building” overseas aid budget on equipping African and Middle Eastern countries' armed forces, according to reports – which could include the provision of Chinese-built drones. The Financial Times reported yesterday that Brussels bureaucrats are planning to amend the rules …
Gareth Corfield, 05 Jul 2016
Man in a suit drinking tea out doors reading from his tablet

WANdisco: IBM's our OEM

Big Blue's Big Replicate is little WANdisco's big OEM deal. IBM is now OEM'ing WANdisco's Fusion replication technology to provide continuous availability, streaming backup, uninterrupted migration, hybrid cloud and burst-to-cloud and data consistency across clusters any distance apart. The software features active …
Chris Mellor, 28 Jun 2016
Data centre

What's DriveScale up to? Mix-'n'-match server and disk storage, for starters

Backgrounder DriveScale is a startup that emerged from a three-year stealth effort earlier this year with hardware and software to dynamically present externally connected JBODS to servers as if they were local. The idea is to provide composable server-storage combos for changing Hadoop-type distributed workloads. It is meant to share the …
Chris Mellor, 21 Jun 2016
Big Bang

Gravitational waves: A new type of astronomy

The first time physicists announced that the Laser Interferometer Gravitational-wave Observatory (LIGO) had detected gravitational waves, on September 14, 2015, it was breaking news. The discovery coincided with the 100-year anniversary of Einstein's theory of General Relativity, which predicted the existence of gravitational …
Katyanna Quach, 20 Jun 2016
Type arms of an old typewriter

WANdisco needs £ + CFO

WANdisco's CFO has departed for pastures new as the big data business looks to raise $15m in yet another public offering. The company, which is less exciting that its abbreviated name ("WANdisco" = "wide area network distributed computing"), has been "loss-making to date". It chasing down more cash to maintain current levels …
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Big Data upstart Iguaz unveils furiously complex exercise to remove complexity

Startup Iguaz.io has unveiled a virtual (big) data services architecture which it says can deliver data in the needed firms to apps in the Big Data infrastructure without multiple and repeated data copying and conversion. The company is a 2014-founded, $15m A-round-funded startup. Its pitch is that the entirety of the data …
Chris Mellor, 09 Jun 2016
Chinese fence

Millions of 'must be firewalled' services are open to the entire internet – research

Millions of services that ought to be restricted are exposed on the open internet, creating a huge risk of hacker attack against databases and more. Infosec firm Rapid7’s researchers took a close look at the millions and millions of individual services that live on the public IP network, one of the most fundamental components …
John Leyden, 08 Jun 2016

Stone me! Pebble bags $7m

Pebble has raised $7m to develop two new versions of its smartwatch and a fitness tracker. The biz that created a mass market for smartwatches back in 2013 with a Kickstarter appeal has returned to the site to create the Pebble 2, Time 2 and Pebble Core – and found immediate backing. The biggest change in the new watches will …
Kieren McCarthy, 25 May 2016
Frozen disc, image via Shutterstock

Super cool: Arctic data centres aren't just for Facebook

Dotted around the near-Arctic are several data centres, each taking advantage of the cold air in that region. We know that low temperatures are great for cooling, but it isn’t the only reason that operators chose those locations. Facebook opened its data centre in Luleå, northern Sweden in 2011. Google rolled out its Hamina …
Danny Bradbury, 12 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
Selection of Australian banknotes

BugCrowd's $15m fund win shows Oz infosec can score Series B: CEO

Bugcrowd chief executive officer Casey Ellis says its recent win of $15m in Series B investment is a signal that Australian startups can score big. The funding round is led by Blackbird Ventures with participants Rally Ventures, Costanoa Venture Capital and Paladin Capital Group, along with Industry Ventures and Salesforce …
Darren Pauli, 27 Apr 2016
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Intel literally decimates workforce: 12,000 will be axed, CFO shifts to sales

Intel will axe 12,000 employees globally – more than one in ten of its workforce – as it moves further away from being a PC chip company. The layoffs are among the biggest into the company's history, and come as PC industry continues to tank harder than Intel expected. The Santa Clara-based biz sees a lot of growth in the …
Chris Williams, 19 Apr 2016
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Exertis slurps wireless distie Siracom

One of the UK’s bulkiest tech distributors Exertis has piled on a few more pounds by acquiring wireless infrastructure and security minnow Siracom for an undisclosed sum. Siracom, which also has offices in beautiful Basingstoke, sells products and services from vendors including Samsung, Fortinet and a bunch of lesser knowns. …
Paul Kunert, 07 Apr 2016

Blighty starts pumping out 12-sided quids

The Royal Mint has begun pumping out the fetching 12-sided pound coins which will hit the UK's streets in March next year. The retro-styled nugget - which pays homage to the classic threepenny bit - is rolling off the production line at the rate of 4,000 a minute. It's heralded as "the world’s most secure coin in circulation …
Lester Haines, 01 Apr 2016
Godzila

Apeiron reckons it's the Godzilla of upstart flash arrays

Storage upstart Apeiron's array is a Godzilla of all-flash arrays, delivering up to 3PB of capacity, 120-plus million IOPS and less than three microseconds' latency from a rackful of its ADS1000 array built from separate, scale-out, compute and storage nodes. Apeiron Data Systems has boldly stepped out from behind the stealth …
Chris Mellor, 29 Mar 2016

Apple iPhone GPU designers Imagination axes 20 per cent of staff

Brit chip design house Imagination Technologies will shed a fifth of its workforce in a £27.5m ($40m) cost-cutting spree. The Hertfordshire-based biz said on Thursday it will lay off about 200 people in addition to the 150 it said in February it would make redundant. That adds up to 350 or 20 per cent of its 1,700 headcount …
Chris Williams, 17 Mar 2016
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Storage bunfight: Hazelcast says Gridgain faked benchmark result

In-memory software startup GridGain has denied an allegation by Hazelcast that it committed benchmark fraud. This comes after GridGain published benchmark data showing it is faster than Hazelcast, which is one of its competitors. Hazelcast CEO Greg Luck believes that the GridGain "tests were faked, illegitimate and …
Chris Mellor, 22 Feb 2016
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Puppet CEO: No hype in DevOps... except for the overhyped bits

The DevOps market is not overhyped – except for container technology and other bits that are, the head of Puppet Labs told us last month. Depending on your point of view, the technologies of DevOps, Agile Continuous Delivery and digital transformation are worthy of slavish devotion, or are subject to egregious levels of hype …
Joe Fay, 08 Feb 2016
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All is not well on Mount Panasas: Five execs eject amid refocus

Exclusive Panasas – the privately owned hybrid scale-out NAS appliance supplier – has suffered exec exits and is refocussing, but so far won't say what its new strategy is. We contacted the firm after hearing rumors from a senior industry source about IP sales, but it was unable to respond until February 4. We did pick up hints of some …
Chris Mellor, 03 Feb 2016

TalkTalk admits losing £60m and 101,000 customers after THAT hack

TalkTalk has reported a loss of £60m related to its major hack in October, attributing the write-off to IT costs and shedding 101,000 customers during its third quarter. The biz said the costs of restoring its online capability and enhancing security are expected to total £40m-£45m. It also took a £15m hit "arising from Q3 …
Kat Hall, 02 Feb 2016
Inside the reactor copyright, Dounreay Site Restoration LTD and Nuclear Decommission Authority

Come on kids, let's go play in the abandoned nuclear power station

Geek's Guide to Britain On the northern tip of Scotland stands Dounreay – 74 hectares of nuclear site encompassing the world's first fast breeder reactor, and one of the first nukes to be wired into a national grid. Built in an age of optimism – an era that wanted to turn the destructive power of The Bomb into energy that was too cheap to meter – …
Bill Ray, 26 Jan 2016

Official: EMC concedes defeat on certified partner sales volumes

The top line on page one of the Vendor Channel Management Handbook is all about listening to and acting upon advice from partners. EMC’s US management might want to re-read this. The storage titan has finally climbed down on a heavily criticised element introduced to the global Business Partner Programme that was launched last …
Paul Kunert, 25 Jan 2016

Davos 2016: It's now all about technology, but what actually happened?

Sketch It used to be that the annual meeting of the World Economic Forum (WEF) in the Swiss ski resort of Davos was all about finance and politics. But since it turned out that the bankers were almost exactly as corrupt and incompetent as the small cadre of protesters that stood in the snow every year insisted they were, finance has …
Kieren McCarthy, 23 Jan 2016

Space podule outfit inks Arizona launch deal

US space flight firm World View has announced it'll be launching the balloon-lofted passenger podule from a new facility in its home state of Arizona, dubbed "Spaceport Tucson". According to this report, although Florida and New Mexico "both offered incentives to lure the company out of southern Arizona", the Pima County Board …
Lester Haines, 20 Jan 2016
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Bone-dry British tech SMBs miss out on UK.gov cash shower

Opinion Government technology promotion agency Innovate UK, the former Technology Strategy Board (TSB), surprised many last year when it agreed to spend no less than £800,000 on a piece of software that would “minimise building waste” sent to landfill by construction companies. The happy recipients for this bizarre project included …
Marcus Gibson, 20 Jan 2016
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Devilish flash DIMMer Diablo gets $19m and new CEO

Comment Flash DIMM developer Diablo Technologies has had a $19m funding round, got itself a new CEO, and seen off legal foe Netlist in a great start to the new year. Diablo has Memory1 flash DIMM technology which adds NAND to a server's memory space as a cheaper but slower DRAM substitute, enabling server applications to run faster, …
Chris Mellor, 12 Jan 2016
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ANS Group consumes specialist network minnow Eison

Manchester-based converged infrastructure and managed service merchant ANS Group has hoovered up network infrastructure minnow Eison. “This acquisition will further underpin our Hybrid Cloud and data centre strategy,” said Scott Fletcher, ANS chairman and founder. He said the buy paves the way for “intelligent” WAN and …
Paul Kunert, 12 Jan 2016
Exocet anti-ship missile

Storage suppliers: Who reached for the stars, who burned up in orbit?

Storage year in review, part 3 Winners, losers, refugees, death, near-death, and a miraculous recovery ... all these were things that characterised the year for storage suppliers in 2015. They experienced earthquake-level changes as the movement of tectonic storage plates like flash, the cloud, server-based storage and activist investors shook old assumptions …
Chris Mellor, 03 Jan 2016

Rockport’s Torus prises open hyperscale network lockjaw costs

Hyperscale IT is threatened by suicidally expensive networking costs. As node counts head into the thousands and tens of thousands, network infrastructure costs rocket upwards because a combination of individual node connections, network complexity, and bandwidth in a traditional (leaf-and-spine) design has a toxic effect on …
Chris Mellor, 30 Dec 2015
Bulls_eye_target

Getting a little flashy! Funds are in place, and Kaminario targets growth

Feature Kaminario CEO Dani Golan was in the UK yesterday, sporting a brand new EMEA veep and going gung-ho for growth from his scale-out, storage-for-all-seasons data centre flash array. Which is a big deal, as the competition is wide-ranging and strong; Dell, EMC, Fujitsu, HDS, HP, IBM, Nexenta/SanDisk, Pure Storage, Solidfire, …
Chris Mellor, 26 Nov 2015
Iguazu_falls

Startup Iguaz.io is creating real-time Big Data analytics storage

One-year-old Iguaz.io, an Israeli Big Data startup, has just won a $15m A-round from Magma Venture Partners, JVP and large strategic investors. So what's the magic product that grabbed funding so early in the game? It seems it's all about big data-handling, which is criticised for being rigid and inflexible, with repeated …
Chris Mellor, 26 Nov 2015
Firefox logo

Mozilla annual report shows risky Google dependency now risky Yahoo! dependency

The Mozilla Foundation has published its 2014 annual report and while revenues are up, the numbers show the outfit is now very dependent on Yahoo! for future income and has declining market share. The good news is that revenue for 2014 was up by US$15m to $329.5m, a nice jump. The bad is that Firefox, which generates 90 per …
Simon Sharwood, 26 Nov 2015
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Cisco slurps Acano for $700m

Cisco is to hoover up London-based video conferencing and collaboration tech outfit Acano for $700m. The Uxbridge-based organisation, whose software bridges the gap between the physical and the cloud-based worlds, was founded in 2012 by former Cisco and Tandberg staffers. It has offices in the UK, US and Australia. The …
Paul Kunert, 23 Nov 2015
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Samsung tosses lifeline to Netlist NVDIMMs

Flash DIMM technology developer Netlist has signed a five-year joint development deal with global memory leader Samsung to produce non-volatile DIMMs, giving it a lifeline from years of litigation hell against Diablo Technologies over memory channel storage IP. The basic concept is to put flash chips on DDR3 and 4 memory DIMMS …
Chris Mellor, 19 Nov 2015

UK.gov launches roadmap for Quantum of Something or other

Innovate UK has published a "roadmap" of future technological development to encourage commercial investment in quantum research. The UK's self-described "innovation agency" has published A Roadmap for Quantum Technologies in the UK (PDF) as Jo Johnson, minister for universities and science, ventured to Glasgow's Qunatum …

Northamber: Windows 10 killed our sales momentum

It is an end of an era for the tech channel as Northamber chairman David Philips – the godfather of distribution – confirmed he is stepping back from operations and is seeking a new leader of the company. The colourful veteran confirmed today he is “closing in on the age of 71, so it is clearly time I commence the process to …
Paul Kunert, 23 Oct 2015
apple music

Millions of people forget to cancel Apple Music subscription

Apple has put out the first stats around its music subscription service and the end result is ... good start. There are 15m users of the service, said CEO Tim Cook, speaking at the WSJDLive conference this week, and 6.5m of them are paying $9.99 a month. In its most simple terms, that puts Apple straight into second position …
Kieren McCarthy, 20 Oct 2015
The Shining - blood cascade

BLABBERGEDDON BEGINS! Twitter lays off 8% of its workforce

Twitter has confirmed that it will cut loose more than 300 employees as the profitless company attempts to claw back costs and push for user growth on the struggling site. The firm, whose old CEO Jack Dorsey returned to run Twitter last week, said in a US Securities and Exchange Commission regulatory filing that – as a result …
Kelly Fiveash, 13 Oct 2015

Lenovo stock: The channel iceberg is melting

Until recently, dusty Lenovo PCs were looking a likely candidate to replace concrete in the British construction sector, such was the inventory glut confronting local ops. Things have improved, but still aren’t great. The company has already written down Windows 8.1 stock across Europe in July, Lenovo EMEA president Eric Cador …
Paul Kunert, 30 Sep 2015
Dyson DC37 vacuum cleaners

A Dyson car? Don't rule it out. We're suckers for innovation, says CEO

Dyson's chief executive has hinted at the British technology company's interest in entering the crazy world of automobiles. Known for its vacuum cleaners, hand dryers and digital motors, the company's chief executive hinted at Dyson's interest in cars in an interview with the Telegraph. Announcing its annual financial results …
server room

Snap out of the snapshot habit, says mutant upstart Reduxio

Surprise! Freshly uncloaked hybrid flash/disk array startup Reduxio says backup snapshots are a problem and its BackDating technology solves that problem. Admit it; you are surprised, aren't you? Reduxio is an Israeli startup, in the sense that its research and development is based there, although it is headquartered in …
Chris Mellor, 01 Sep 2015

Startup BlueData in the green after pocketing millions from Intel et al

Big data startup BlueData has to get bigger pockets; it’s just trousered $20m in C-round funding from Intel Capital, existing investors and a secret strategic investor. That takes total funding to a modest far-from-unicorn-status $38m and the cash will be used to “accelerate our momentum in the Big Data market.” The company …
Chris Mellor, 28 Aug 2015

Take two mobes into the shower? I didn't before, but I do now

First Look A Kickstarter project to produce a dual-SIM iPhone is really a separate phone which the iPhone connects to via Bluetooth. The Kickstarter campaign for the 'PIECE' claims it will “Change The Way You Use Smart Phones”. It goes on: “Carrying two phones isnconvenient! [sic] It is not fashionable or stylish; it costs a lot and is …
Simon Rockman, 27 Aug 2015
£10 notes. Pic: Howard Lake

Channel vets eyeing up investments from atop mount cash

Channel merchant bank MXC Capital is sitting on a pile of cash and finance facilities that will be used to grab minority stakes in managed services outfits, software players and FinTech start-ups. The London Stock Exchange-listed buy and build vehicle founded by industry vets Ian Smith and Tony Weaver yesterday acquired …
Paul Kunert, 26 Aug 2015

ICANN CEO will head off to private equity firm

ICANN CEO Fadi Chehade has announced where he'll be heading after he breaks his contract 10 months early: private equity firm Abry Partners. Chehade surprised the internet community, and threw ICANN in disarray, when he announced in May that he was going to leave early – and, crucially, before ICANN takes over control of the …
Kieren McCarthy, 17 Aug 2015