Articles about 1m

Cybercrim told to cough up £1m or spend years in chokey

A cybercriminal from Thamesmead has been given six months to turn up £1m, or he'll be spending another four years behind bars. Rilwan Adesegun Oshodi – a 31-year-old Nigerian national, formerly of Greenhaven Drive, Thamesmead, SE28 – is currently enjoying Her Majesty's hospitality for conspiracy to defraud and conspiracy to …
padlock

EU flings €1m at open source security audit wheeze

EU institutions have finally got the memo about it being a good idea to pinpoint and fix security vulnerabilities. Next year the European Parliament has allocated up to €1m for a project to audit free software programs in use at the European Commission (EC) and the EU Parliament in order to find and repair potential weaknesses …
Jennifer Baker, 23 Dec 2014

GoDaddy buys 200,000 domains for $28.1m – that's $140 a piece

GoDaddy has bought the entire domain-name portfolio of mobile advertising company Marchex for $28.1m (£18.67m). With 200,000 domain names in the deal, more than three-quarters of them dot-coms, that equates to $140 (£93) per name. GoDaddy intends to put them all up for sale on its NameFind website, and examples include: Analyzed …
Kieren McCarthy, 22 Apr 2015
Columns of coins in the cloud

Dragon's Outsourcery biz bags another £1m of cash to burn

Loss-making cloudy UC services biz Outsourcery is set to pocket £1m worth of investment from a VC just months after it raised cash and cut costs to prevent liquidity drying up, following a forecasted sales slip. The Manchester-based biz run by Dragon’s Den ‘celebrity’ Piers Linney — who, along with his co-founder, has agreed to …
Paul Kunert, 10 Oct 2014

Outsourcery wins a £1.1m project present. Well, it is nearly Christmas

A FTSE100 company has handed ailing cloudy biz Outsourcery an early Crimbo gift by signing a three-year contract worth an estimated £1.1m to rip out its ageing telephony system in favour of "voice services". It's been one hell of a year for the Manchester-based software-as-a-service and online infrastructure seller, co-founded …
Paul Kunert, 05 Dec 2014
The US Cyber Command official seal

What is ex-NSA spyboss selling for $1m a month, asks US congressman

Representative Alan Grayson (D-FL) is pushing for a formal investigation into the activities of General Keith Alexander now that the former head of the NSA has started his own very expensive security consultancy. There is no evidence of any wrongdoing by Gen Alexander. Last week it was reported that Alexander, who retired from …
Iain Thomson, 26 Jun 2014

Cops cuff 4 in £1m banking fraud malware case

Four people have been arrested and £80,000 in cash seized as part of a Met Police investigation into the theft of an estimated £1m from UK banks using malware. Two men, both aged 31, and two women aged 24 and 27, were arrested on suspicion of conspiracy to defraud and conspiracy to launder money during raids on properties in …
John Leyden, 12 Dec 2013

Salesforce $1m hackathon win under scrutiny after brouhaha

Salesforce is investigating the finalists in its $1m mobile apps hackathon to ensure the competition’s rules weren't broken. The $1m hackathon grand prize was presented by Salesforce chief executive Marc Benioff during his annual Dreamforce conference in San Francisco, California, to start-up Upshot co-founders Thomas Kim and …
Gavin Clarke, 25 Nov 2013

Salesforce ponies up ANOTHER $1m to settle hackathon headache

Cloud kingpin Salesforce.com is preparing to shell out $1m to settle a dispute over a hackathon contest at last month's DreamForce conference. The company said that it would add a second winner to its developer contest while still upholding the original ruling that led some in the developer community to cry foul. Healthcare. …
Shaun Nichols, 03 Dec 2013
Ross Ulbricht

My name is NOT Dread Pirate Roberts: Silk Road accused's fam'n'friends stump up $1m bail

Supporters of the man accused of being the mastermind behind online drugs bazaar the Silk Road have offered to stump up $1m in bail money. Ross Ulbricht is currently being held in solitary confinement within the Brooklyn Metropolitan Detention Center, awaiting trial for his alleged role in running the Silk Road. Federal …
Jasper Hamill, 20 Nov 2013
management mobile6

Sources: Azzurri coughs £1m to end O2 call centre spat

Azzurri has settled a seven-figure dispute with O2 after a financial spat erupted over a Glasgow call centre it runs on behalf of the telco, well-placed sources have told The Channel. Under the multi-year outsourcing agreement, Azzurri - an O2 Centre of Excellence partner - was paid a fee to run a support desk for O2's small biz …
Paul Kunert, 05 Nov 2013
axe_channel_teaser

ScanSource will axe Euro staffers to save itself $3.1m a year

Distie ScanSource is slashing jobs in Europe in a bid to shed $3.1m in costs a year. The US wholesaler of point-of-sale kit, barcode scanners, comms stuff and security has elevated senior director of merchandising Rudy Meirsman to a newly created role as MD for Europe. This will "provide focused leadership and operational …
Paul Kunert, 12 Apr 2013

Iomart snaps up SystemsUp for a cool £9m

Glasgow-based cloud outfit Iomart has snapped up London-based IT consultancy biz SystemsUp for a cool £9m. SystemsUp is a G-Cloud partner to Google, Amazon Web Services and Microsoft. Its turnover in the twelve months to 31 March 2015 was £4m, with profit before tax of £1.5m. A further payment of between £1m-£3.5m will be made …
Kat Hall, 08 Jun 2015
Rebuilt Bombe Bletchley Park, photo copyrighted mubsta.com

Techie Crotty will put £1m in Bletchley museum's kitty ... if you do the same

The National Museum of Computing (TNMOC) at Bletchley Park has been promised its largest ever single donation of £1m, which it hopes to use on refurbishments. Donor Matt Crotty, a tech entrepreneur and trustee of the museum, has pledged the million-pound gift. The eggheads who run the joint now need to find matched funding to …
Bitcoins

Vice squad cuffs vice chairman of Bitcoin Foundation in $1m money-laundering probe

The Bitcoin Foundation is shy a vice chairman today: US money-laundering investigators have arrested and charged Charlie Shrem, the 24-year-old CEO of one-time Bitcoin exchange BitInstant. Also arrested and charged is Bitcoin trader Robert Faiella, 52, who operated as BTCKing on the underground e-bazaar Silk Road before it was …

Feds charge man in $1m 'Dr Evil' scam to blackmail Mitt Romney

A Tennessee man has been charged over a high-profile extortion and wire fraud scam involving former Republican presidential candidate Mitt Romney's tax returns. Michael Mancil Brown, 34, of Franklin, Tennessee faces six counts of wire fraud and six counts of extortion over his alleged involvement in a plot to blackmail Romney …
John Leyden, 01 Jul 2013
closed_sign shut down under collapsed liquidation

Brit telly, laptop flogger Gimmi goes titsup owing whopping £1m

The collapse of Cheshire-based etailer Gimmi left a string of suppliers with debts totalling £1m, the creditor's report has revealed. The web shop, which flogged tablets, smartphones, 3D TVs, and laptops was placed into the hands of administrator Cowgill Holloway Business Recovery (CHBR) on 8 May. The two-year-old firm was only …
Paul Kunert, 16 Jul 2013
Samsung Galaxy S4

Welsh gov beats off Canada to hand £1m to Nintendo dev

Game development firm OysterWorld is opening up a base in south Wales that will bring 60 jobs to the region in the next three years. Wales beat out Canada as the site for the development, marketing and research centre, which will be backed by £1m from the Welsh government. “Attracting a significant player like Oyster World, …
The Register breaking news

Google donates £1m to child abuse charity ahead of Whitehall meeting

Google has donated £1m to the Internet Watch Foundation, after the ad giant had previously dropped tiny annual payments of around £20,000 into the child sex abuse charity's collection bucket. The move comes ahead of a meeting in Whitehall between Culture Secretary Maria Miller and a number of US-based internet companies …
Kelly Fiveash, 12 Jun 2013
Power lines

Are you broke? Good with electronics? Build a better AC/DC box, get back in black with $1m

There's a million dollars in prizes up for grabs from Google and the Institute of Electrical and Electronics Engineers (IEEE) for the clever clogs who can build a direct current (DC) to alternating current (AC) converter that's the size of a laptop. The Little Box Challenge aims to solve one of the dilemmas in modern-day power …
Iain Thomson, 22 Jul 2014
big droplets falling from rain cloud

Outsourcery has ‘greater flexibility to pursue opportunities’ after £4m Voda loan

Loss-making cloud biz Outsourcery has managed to tap up Vodafone for a £4m loan under a partnership deal. After yet another successful effort of going cap in hand to investors, the still unprofitable outfit said £2.3m of the loan will be used for "general working capital purposes". The rest of the cash will replace its existing …
Kat Hall, 03 Jul 2015

Shut the CANUCK up! Sony offers $1m to hacked gamers

Canadian gamers affected by the hacking of Sony's Playstation Network have been offered compensation worth $1m by the entertainment giant. An email titled “PSN-SOE-Canada Settlement” went out this week to gamers in Canada offering small sops to anyone affected by the outage in 2011. Any Canadian who started an account on the …
Jasper Hamill, 19 Apr 2013

SwiftStack sucks up $6.1m, leaps through curtains with 'Amazon S3-in-a-box'

Software-defined storage upstart Swiftstack has been given a fresh cash injection of $6.1m and has spoken out on its software-as-a-service offering, Swift. Software defined storage (SDN) is akin to the fabless semiconductor firm concept, except that in this case the firms provide software instead of chip designs. With software …
Chris Mellor, 18 Mar 2013
hands waving dollar bills in the air

Is no browser safe? Security bods poke holes in Chrome, Safari, IE, Firefox and earn $1m

The Pwn2Own and Pwnium hacking contests at the annual CanSecWest conference in Vancouver have earned security researchers over a million dollars in prizes, exposed 34 serious zero-day flaws in popular code, and earned over $82,000 for the Canadian Red Cross. In each of the Pwn2Own and Pwnium competitions, contestants are …
Iain Thomson, 14 Mar 2014
The Register breaking news

FBI cuffs 14 over $1m 'Gone in 60 Seconds' casino scam

US cops have arrested 14 people over an elaborate scam where $1m was stolen from casino kiosks in a scam the FBI has described as ‘Gone in 60 Seconds’ bank fraud. The suspects allegedly stole $1m by exploiting a gap in Citibank’s electronic transaction security protocols in casino "cash advance" kiosks - which required multiple …
John Leyden, 31 Oct 2012

Three Estonians jailed for malware spree that infected 4 MILLION computers

Three Estonians have been sentenced to a cumulative 11 years for their cybercrime activities which infected more than four million computers with malware across more than 100 countries. The three crims, who were sent down by US District Judge Lewis A. Kaplan in Manhattan on Thursday, were: Timur Gerassimenko, 35, who received …

Redcentric swoops on Calyx Managed Services in £12m breakup deal

Managed services biz Redcentric has snapped up Calyx Managed Services (CMS) for £12m, as part of the company's break-up. Last week, Calyx's maintenance and carrier services divisions were offloaded to Daisy Group and Chess, respectively, for a total of £5.5m. The carve up follows the purchase of Calyx MS by MXC Capital, with …
Kat Hall, 02 Apr 2015
Eric Schmidt

Google flings another £1m at online child sex abuse vid CRACKDOWN

Google has pledged a further $2m (£1.27m) to encourage the development of tools that seek and destroy online child sex abuse material. The advertising giant is keen to prove to the British government and the popular press that it's doing all it can to eradicate the vile images and videos from the web. By throwing money at the …
Kelly Fiveash, 17 Jun 2013
For Sale sign detail

Distie giant Arrow acquires Ireland's Altimate for €48.1m

American distie Arrow Electronics has scooped up smaller Irish-owned rival Altimate Group for €48.1m. Channel-bestriding behemoth Arrow bought the distributor off Irish financial holding company DCC. Altimate is DCC's Enterprise distribution business and in 2011 reported a yearly operating profit of €3.7m on €257m of global …
Anna Leach, 03 Apr 2012
New World Computing Inc, King's Bounty

Alternative Networks: CEO retiring, long live...

Alternative Networks will wave goodbye to long-serving CEO Ed Spurrier at the end of this fiscal year in September, with current chief operations man Mark Quartermaine waiting in the wings for the top job. The LSE-listed comms and tech outfit confirmed the succession plans today as it outlined half-year numbers for fiscal 2015, …
Paul Kunert, 03 Jun 2015
Freeview HD logo

Brits buy 3.1m Freeview HD devices

Britons have acquired 3.1m Freeview HD devices - TVs, receivers and DVRs - Freeview reported last week. In total, 18m homes have a Freeview-capable device of some kind, be it HD or standard definition. Just under 58 per cent of homes - 10.2m - pick up Freeview on a TV rather than a set-top box. There are 1.8m Freeview HD TVs …
Hard Reg, 31 Oct 2011
The Register breaking news

UK telcos chuck another £1m at online child abuse watchdog

Britain's largest ISPs have agreed to contribute a further £1m to the Internet Watch Foundation, following a meeting with Culture Secretary Maria Miller about child sex abuse images and videos found online. BT, BSkyB, Virgin Media and TalkTalk will collectively stump up the extra cash over the next four years. Each telco thus …
Kelly Fiveash, 18 Jun 2013
Stock market. Pic: Alberto Carrasco Casado

Major Colt Group investor bids to take sickly biz private again

Fidelity, the majority shareholder in LSE-listed telecoms biz Colt Group, has bid 190 pence per share to buy the remaining stock and take the ailing firm private. The proposed transaction equates to a 21 per cent premium on yesterday’s closing share price and is 34 per cent up on the rolling average for the past twelve months, …
Paul Kunert, 19 Jun 2015

Salesforce: Profit pah! We’ll be back in the red before you know it

Software service slinger Salesforce.com banked its first operating profit in 18 quarters — yes, you read that correctly — but reassuringly confirmed it will be back in the red again in the next trading period. The cloudy-based CRM and marketing apps maker reported sales of $1.51bn for the three months ended 30 April, up 23 per …
Paul Kunert, 21 May 2015
Old Bailey Lady Justice

Dodgy mobe dealer jumps on VAT carousel, gets 13-year ban

The director of now-dissolved mobile phone dealer Fima Consulting has been disqualified from managing a limited company for 13 years over his part in a £1m VAT scam, according to a UK government press release. Fiaz Razzak Malik was disqualified following an investigation by the Official Receiver at the Public Interest Unit, a …
Kat Hall, 13 Jul 2015

Tax shouldn't be taxing – unless you're Barracuda Networks

Barracuda Networks reported a satisfyingly chunky revenue rise for its final 2015 quarter and full year, ended February 28, but losses dove unexpectedly deep due to taxation manipulations. Revenues for the fourth fiscal 2015 quarter were US$72.2m, up 19.7 per cent on the year-ago's $60.3m, and 2.6 per cent higher sequentially. …
Chris Mellor, 29 Apr 2015

Computacenter's Brit team basks in double digit sales glory

It was again the Brit arm of services-based reseller Computacenter that brought home the bacon for the group in 2014, as operations in continental Europe continued to wrestle with contract or market woes. The group turned over £3.108bn in sales, up 1.2 per cent as reported or 4.2 per cent in constant currency, the fifth straight …
Paul Kunert, 12 Mar 2015
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Phoenix IT Group: Our debts are down! Just like our sales and profits

A year on the job for Phoenix IT Group CEO Steve Vaughan and company sales and profits aren’t dropping nearly as quickly as they used to. The tech services outfit closed off fiscal ’15 ended 31 March reporting brisk trade “across the business” and expects to bank “profits that are comfortably” in sync with analyst estimates. …
Paul Kunert, 09 Apr 2015
The Register breaking news

Spanish cops cuff 11 for €1m-a-year ransomware scam

Spanish police have arrested 11 individuals suspected of running a €1m a year ransomware scam using malware that posed as a message from law enforcement. Law enforcement agencies in Spain first became interested in the Reveton malware after hundreds of complaints from victims of the scam starting flooding in at the beginning of …
John Leyden, 14 Feb 2013

Radian Memory Systems decloaks, says it'll twin DRAM and flash

Stealthy upstart Radian Memory Systems is coming out at the Flash Memory Summit in August, and is developing storage memory software to be used in enterprise, hyperconverged, and cloud computing environments. Storage memory refers to the twinning of DRAM and non-volatile memory, meaning flash, in a single logical address space …
Chris Mellor, 30 Jun 2015

Unisys halts and catches fire: Mainframe builder dives into the red

Mainframe maker Unisys plunged into the red during its second quarter of 2015, posting losses of $58.2m (£37.6m). The losses quadrupled compared with its second quarter in 2014, when the biz dropped $12.1m over the three-month period. Overall revenues dropped five per cent to $765m (£494m). Nevertheless, chief exec Peter …
Kat Hall, 24 Jul 2015
Violin Memory VIMM

Violin posts yet more crappy results as it swaps out sales veep

Violin's revenues underwhelmed in its latest quarter as sales execution issues and a collapse in older product sales contributed to another big loss. Revenues in the first quarter of fiscal 2016 were a depressing $12.1m, 41 per cent lower than Q4 of fiscal 2015 and 33 per cent lower than the $18.1m reported in the first quarter …
Chris Mellor, 08 Jun 2015
Wolves

Big Blue securo-bods warn of dire Dyre Wolf AMONG WOLVES

Infosec experts have spotted a nasty variant of a banking malware – dubbed Dyre Wolf – which involves a sophisticated two-factor authentication workaround that has apparently led to the theft of more than $1m from the biz world. Wrongdoers have demonstrated what IBM Security described as "a brazen twist from the once-simple Dyre …
Kelly Fiveash, 04 Apr 2015
Apple

OAP sues Apple for $1m after walking into store's glass door

An octogenarian is to take Apple to court after a visit to one of the computer company's glass-fronted stores put her nose out of joint - literally. The 83-year-old New Yorker walked slap bang into one of stores' see-through doors and broke her nose, she claims. Now, Evelyn Paswall, 83, has asked for $75,000 (£47,000) in …
Caleb Cox, 26 Mar 2012
big droplets falling from rain cloud

Outsourcery still losing as much as it turns over

Former Dragons' Den rude boy and Outsourcery co-founder Piers Linney is likely to be forced to pitch his business to investors again for a fresh round of funding, after closing off a tough, cash-zapping year. The London-listed cloudy biz reported revenues of £7.4m for calendar 2014 – up 42 per cent, but still some £1.1m down on …
Paul Kunert, 30 Mar 2015
Toilet roll printed with fake US $100 bills

Beyond the Grave: US Navy pays peanuts for Windows XP support

Microsoft canned support for Windows XP and Office and Exchange 2003 in April 2014 - unless you are the U.S. Navy, which is paying $9.1m a year until 2017 to obtain security patches for these obsoleted products. The Navy contract also includes support for Server 2003, which is unplugged from life support on July 2015. Our hats …
Drew Cullen, 25 Jun 2015

US cops blew more than $26m buying 1.1m cell phone files from telcos

An investigation by Senator Edward Markey (D-MA) into the monitoring of cellphones has found that US police paid telecommunications companies more than $26m to hand over location information, metadata, and sometimes the content of their customers' messages to cops in the US last year. Senator Markey sent letters to the major US …
Iain Thomson, 10 Dec 2013
The Register breaking news

Merde! Paris Apple Store in €1m armed raid on New Year's Eve

Apple's flagship Paris store was raided on New Year's Eve by armed robbers, who made off with iThings worth up to one million euros. The four crooks broke into the shop at 9pm - three hours after it closed and just hours before French revellers celebrated the start of 2013 - le Plod told daily newspaper Le Figaro. Neither the …
The Winklevoss twins, Cameron and Tyler

Winklevoss twins stuff $1m into social network for the FILTHY RICH

Wanna know what the world's been lacking? A social network for hedge-fund bods, of course. And who better to be at the helm of such a brave Web2.0 venture than square-jawed Olympic rowing twins Cameron and Tyler Winklevoss - who rose from the ashes of their legal spat with Facebook CEO Mark Zuckerberg to plunge some of their …
Kelly Fiveash, 17 Sep 2012
Childhood's End

Brits: Give us £1m and we'll build a crack ALIEN-HUNTING TEAM

A group of British scientists have launched a new mission to find signs of extraterrestrial life way out in the depths of space. Boffins from 11 different universities and scientific bodies have joined forces to organise a search for little green men. The group - called the UK Search for Extraterrestrial Intelligence (SETI) …
Jasper Hamill, 08 Jul 2013