Articles about 2m

NHS quango fatcats spend £2m tax dosh on iPads and iPhones

Government health chiefs have admitted to spending millions of pounds furnishing bureaucrats with Apple iPhones and fondleslabs. Taxpayers forked out more than £2m to buy iThings for the staff of NHS non-departmental public bodies, which are arms-length government organisations more commonly known as quangos. Dr Daniel Poulter …
Jasper Hamill, 30 Oct 2014

Moshi Monsters' daddy Mind Candy: Falling sales, £2.2m loss...

Profits at Shoreditch darling Mandy Candy plunged into the red in 2013, with the company recording a £2.2m loss for the full-year 2013, compared with profits of £8m for 2012. During the same period revenue at the company - which has brought the world kiddy virtual-playland Moshi Monsters - fell by more than one-third to £22.19m …
Kat Hall, 14 Nov 2014

Trustmarque: £2m profits evaporated after accounting change

A change in revenue recognition wiped £2m off Trustmarque’s profits according to the firm’s strategic and financial report, which also provides more details on its near-collapse and subsequent sale to Liberata. As revealed, the York-based enterprise software licensing biz ran into cash flow difficulties last month after changing …
Paul Kunert, 09 Oct 2014

eBay impulse buyers STAY AWAY: Holy Grail Superman comic book to fetch $2m+

One of the rarest comic books of all time is going under the hammer – well, a virtual hammer. Online auction house Web tat bazaar eBay has said dealer Darren Adams will use the website to sell a nearly pristine copy of Action Comics #1. The legendary 1938 edition from DC Comics features the first appearance of Superman. The …
Shaun Nichols, 24 Jul 2014
Red pen

Phoenix IT Group shares plunge on loss of £2m contract

A brief statement from Phoenix IT Group confirming it has lost a £2m contract with a supplier sent the share price into free fall this morning and caused a big dent in the market cap. The loss-making IT services firm - a third party maintainer which also sells direct to customers - provided very little colour around the …
Paul Kunert, 28 Oct 2013
Suitcase bulging with cash

Samsung loses again: Judge awards Apple, Nokia $2m in leak-investigation fees

A US district court has awarded Apple and Nokia over $2m to reimburse them for legal fees incurred during their investigation of leaks of "attorneys' eyes only" information by Samsung's legal firm, Quinn Emanuel, during the long-running patent infringement dust-up among the companies. US magistrate judge Paul Grewal is evidently …
Rik Myslewski, 24 Jun 2014
cloud

CloudBees bags $11.2m to keep a closer eye on your handy jobs

Continuous integration expert CloudBees has slurped $11.2m in valley cash to fund its Jenkins-based cloud services. The series-C round was led by Verizon Ventures, along with Matrix Partners and Lightspeed Venture Partners, and was announced on Wednesday. CloudBees is a small cloud company that stewards the development of a big …
Jack Clark, 06 Mar 2014
Terminators

Who wants a ROBO-BUTLER? Google and pals do – and they've just put $2m towards it

RoTM Google has placed a bet on a robotics company that is working to create "services" robots for use in hospitals, care homes or hotels. Mountain View's investment arm, Google Ventures, handed over an undisclosed sum of money to startup Savioke, which is headed up by Steve Cousins, former CEO of PR2-maker and robotics pioneer …
Jasper Hamill, 10 Apr 2014

US card scammers pull $2m petrol heist

US attorneys have charged thirteen people in connection with a massive fraud operation which netted some $2m in stolen funds. The Manhattan District Attorney's office says that four defendants masterminded a plot to install card skimming devices at gas pumps throughout the southern US and then use a network of money mules to …
Shaun Nichols, 23 Jan 2014

Old-timey music streamer Rhapsody (aka Napster) reaches 2m subscribers

Antique music streaming service Rhapsody has finally hit two million subscribers after its expansion to include 32 countries worldwide. Rhapsody, also known as Napster in Europe after it acquired the brand in 2011, has been around since forever in internet terms and was one of the first to use the model of song sales through …
Apple iPod Nano 5G

That's a money spinner: iPod wheel patent bout bags bod £2m from Apple

Fruity tech titan Apple (2012 profit: £25bn) has been forced to pay out £2m to a Japanese inventor - after a Tokyo court found its iPod click wheel design infringed his patents. Cupertino’s learned friends have been fighting this legal battle in the Land of the Rising Sun for the past six years. It started when Norihiko Saito …
Phil Muncaster, 27 Sep 2013
Red pen

Ex-state attorney general probes Tech Data CEO's sale of $2m shares

A firm of legal eagles is investigating whether distie giant Tech Data violated state or federal laws by making accounting errors that will wipe millions off its bottom line from recent years. Kahn Swick & Foti (KSF) is also probing CEO Bob Dutkvsky's offloading of $2m in his firm's shares earlier this month The US logistics …
Paul Kunert, 22 Mar 2013
bug on keyboard

DARPA enlists hacker talent for $2m security bug-swatting challenge

The US Defense Advanced Research Projects Agency (DARPA) is recruiting members of the hacking community to join its latest Grand Challenge competition: a big-money contest to build software capable of finding and fixing security holes in new code. "We've looked to the expert community, the computer security community, and the …
Iain Thomson, 06 Dec 2013

Haitian snapper humbles photo giants AFP, Getty Images in $1.2m copyright victory

Photographers have won a landmark victory after a US federal jury awarded $1.2m to freelance photojournalist Daniel Morel after media giants uploaded and credited to themselves some shots he had posted on Twitter. A New York jury decisively backed a Haitian photojournalist Morel in a copyright case against photo agency Getty and …
Andrew Orlowski, 25 Nov 2013

Branson, Berners-Lee, Google, £2m: LET'S SAVE THE WORLD

Google is waving £2m in front of charities, promising to donate dollops of the dosh if the orgs develop tech that improves people's lives. The not-for-profit bodies are invited to apply and compete for the cash; four "data-driven" projects that successfully prove their worth will each get a £500,000 cheque from the advertising …
Team Register, 25 Mar 2013
balaclava_thief_burglar

UK bank heist-by-KVM gang sent down for 24 years after nicking £1.2m

A gang has been jailed after secretly installing hardware in Barclays bank branches to control PCs and steal £1.2m. The sneaky crims hooked up a hidden KVM (keyboard, video and mouse) switch and a 3G mobile dongle to computers at two London branches. This allowed the thieves to connect to the switch over the internet, access the …
John Leyden, 25 Apr 2014

DARPA slaps $2m on the bar for the ULTIMATE security bug SLAYER

It's a bad day for the vulnerability scanning industry: DARPA has announced a new multi-million-dollar competition to build a system that will be able to automatically analyze code, find its weak spots, and patch them against attack. Mike Walker, DARPA program manager, said that the challenge was to start a "revolution for …
Iain Thomson, 22 Oct 2013
gavel_judgment_channel

Bloke flogged $1.2m of pirated Microsoft gear on eBay, say Feds

A US man has been charged with selling counterfeit Microsoft software valued at more than $1.2m. Bruce Alan Edward, 48, of Atlanta, Michigan, is accused of five counts of criminal copyright infringement, and one count of mail fraud, over the alleged resale of pirated software sourced from the far East. According to his charge …
John Leyden, 09 Nov 2012

Imation takes $310.2m hit in hellish, wallet-draining 4th quarter

$310.2m: That's Imation's fourth 2012 calendar quarter loss. $299.1m: That's Imation's fourth quarter revenue. It takes some brass to record results like these and talk of the company's strategic transformation but that's what happens when you rightsize over-valued assets. The chart below shows the scale of the disaster. Third …
Chris Mellor, 14 Feb 2013

Systemax files $2.2m losses as US shoppers stay home

Systemax was hit by Q2 losses as continued strong trading in its business-to-business operation in Europe was more than offset by US shoppers' reluctance to part with cash, the reseller giant confirmed late last night. Operating losses for the period ended 30 June were $2.2m compared to a profit of $15.6m a year earlier, " …
Paul Kunert, 01 Aug 2012
The Register breaking news

Moneybags Apple loses $1.2m Italian warranty fine scrap

An Italian court has refused to suspend fines slapped on Apple for failing to properly advertise EU-mandated warranties. Local rag Le Repubblica reports that Apple's attempt to delay the payout was rejected at a hearing in Lazio this week. The bench recognised that Apple's online store was now complying with the law, but a …
Bill Ray, 23 Mar 2012
The Register breaking news

UK.gov to spunk £2m a year policing global cyber-security

BCC The UK will spend an extra £2m every year on improving international computer security defences, including a research centre for businesses and countries to tap into. A senior Foreign Office official said last night Blighty was focussed on helping enterprises overseas and nations to sort out their cyber-security. "This centre …

Samsung wants a bite of flash cache, will eat Proximal Data – sources

Samsung is buying Proximal Data, a flash caching software company, people close to the situation told The Register, although no formal announcement has been made. Proximal was founded in 2011 by CEO Rory Bolt, who was involved with Avamar and heavily involved in selling it to EMC for $165m. The company provides AutoCache, which …
Chris Mellor, 29 Oct 2014
The Register breaking news

Silicon Roundabout worthies in £2m UK.gov cash battle royale

The UK Cabinet Office has handed out two slices of its £10m Social Incubator fund to bankroll more macchiato-sipping big dreamers on East London's Silicon Roundabout. Telefonica's venture capital outfit Wayra will get £1.2m of money from the public purse and, with the help of UnLtd, is expected to dish the cash out to startups …
Bill Ray, 15 Feb 2013

KCOM Group results hit by Phones4U woes

Brit telco and tech services playa KCOM Group has kickstarted a cost-cutting programme to counter a wobbly top and bottom line, not helped by the collapse of Phone4You and slower than expected PSN demand. The LSE-listed Hull-based group reported a 6.7 per cent drop in turnover to £173m for the first half of fiscal ’15, as profit …
Paul Kunert, 25 Nov 2014
Apple iPhone 5

Fanboys order 2m iPhone 5s in 24 hours

Millions of fanboys have asked Apple to send them an iPhone 5, two million of them within 24 hours of orders first being taken for the new handset. That, claimed Apple today, is "more than double the previous record of one million held by iPhone 4S". The iPhone 4S was announced just under a year ago, on 4 October 2011. Apple …
Tony Smith, 17 Sep 2012

Real Networks will refund $2m to grumpy punters

Real Networks has agreed to hand over US$2.0m to satisfy disgruntled customers, who were railroaded into buying content thanks to pre-clicked boxes in web forms or “free” offers that nonetheless requested credit card details and did not make recurring costs plain. Consumers who, upon realising their error, requested refunds, …
Simon Sharwood, 25 May 2012
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Systemax: Senior Blighty bods let us down, so we cut them

Systemax has opened up on the senior management re-org of UK ops after admitting the business took a turn for the worse over the summer. The transatlantic reseller last night reported calendar Q3 financials: turnover was up four per cent year-on-year to $825.4m, but excluding the SCC Netherlands acquisition, organic growth was …
Paul Kunert, 05 Nov 2014
Dell EqualLogic PS6210

Dell bundles data mgmt AND flash into 1.2m IOPS flashy array

Dell has produced an all-flash array within the EqualLogic environment, thinking customers need existing data management capabilities on top of flash speeds, and not a binary either-or choice. It has revved up its mid-range iSCSI SAN array with the PS6210, following on from the PS6110, a 64-bit version of the EqualLogic …
Chris Mellor, 11 Dec 2013
The Register breaking news

It's all in the wrist: E-ink smartwatch Pebble bags $2m

A group of people who designed an e-ink watch and were looking for $100,000 to fund its production raised that in a couple of hours – and they're now well on their way to having $2m to spend. The "Pebble" watch comes from the team that created the smartphone-on-a-watch inPulse. The Pebble is a smaller version of that product, …
Bill Ray, 13 Apr 2012
The Register breaking news

Siri's artificially intelligent news anchor sister bags $6.2m

Siri's little sister Trapit, an intelligent discovery engine that pumps individually curated digital content to users, has closed a $6.2m Series A round of venture funding led by Hong Kong’s Horizon Ventures. Trapit is the progeny of CALO (Cognitive Assistant that Learns and Organizes), the DARPA-commissioned artificial- …
south korea

Three quarters of South Korea popped in online gaming raids

Three quarters of South Korea's population have been compromised in a massive data breach affecting 27 million people. The nearly incomprehensible breach was revealed when 16 individual were arrested after selling the records relating to victims aged between 15 and 65 years-old. The records included names account logins …
Darren Pauli, 26 Aug 2014
Fraud image

New licence and SAP unit sale knackers Software AG's numbers

Delayed IT projects and offloading the SAP business have dealt Software AG’s business a double blow for its latest quarter. Germany’s other major software maker today reported a second-quarter revenue drop of 18 per cent to €196m ($263.9m) and net income halved to €14.2m ($19.1m). Earnings per share was also almost halved to €0 …
Gavin Clarke, 24 Jul 2014

Daisy Group slurped by VC consortium, bids to cancel AIM listing

AIM-listed comms and tech outfit Daisy Group Tuesday confirmed that the previously agreed 185 pence-per-share bid from a consortium led by CEO Matthew Riley has been declared unconditional. The offer from Riley, Penta Capital, and long-term investor Tosca Fund, which values Daisy at near £500m, was agreed in October, some months …
Paul Kunert, 09 Dec 2014
Dot Hill Assured_SAN_Ultra48

Storage array supplier Dot Hill: Revenues are down, but so are losses

Storage array supplier to OEMs has less to be dismal about with declining revenues but much less of a loss in its second quarter. The business isn't growing, but at least it is not shrinking. Revenues for the second calendar 2014 quarter were $48.2m, the same as the previous quarter but 8.4 per cent down on the year-ago quarter …
Chris Mellor, 12 Aug 2014

UK.gov 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
The Register breaking news

XBox promo code exploit set Microsoft back $1.2m

Hackers managed to figure out the algorithm used by Microsoft to generate promotional codes tied to XBox Live, costing Redmond an estimated $1.2m before it put a stop to the scam. The algorithm created 160 counterfeit MS points, the currency used on XBox Live, at each iteration. "Hackers found an algorithm to add to existing, …
John Leyden, 11 Mar 2011
The Register breaking news

Dowler family bags £2m payout over phone-hacking saga

Updated News Corp has agreed to cough up £2m to the family of Milly Dowler after individuals working for the now-defunct Sunday tabloid the News of the World were found to have hacked into the murdered schoolgirl's phone. News International, owned by Rupert Murdoch's News Corp, confirmed the settlement in a joint statement with the …
Kelly Fiveash, 21 Oct 2011
Storiant software

Upstart brags about cheaper-than-Amazon private cold data cloud

Storiant is an object storage startup which claims its customers can use its technology to store petabyte-scale data in a private cloud at a price below public cloud storage. How does it pull this trick off? It has a customer, Markley Cloud Services in New England, which it says stores 11PB of cold data in a Storiant silo – as …
Chris Mellor, 23 Oct 2014
An estate agent hands keys to a couple after house sale. Photo by Shutterstock

Down-under record: Australian gets $140k for pussy

A down-under record has been achieved as an enterprising Australian seller has succeeded in obtaining no less than OZ$140k for a much-loved pussy. The feline in question, named "Tiffany", was apparently so desirable to the buyer of a $2m house on the Antipodean subcontinent that an extra $140k was added to the price on condition …
Team Register, 16 Oct 2014
The new wording on Apple's Australian website for the 4G iPad

Apple to 'pay AUD$2.2m fine' for 4G claims

The new wording on Apple's Australian website for the 4G iPad Apple is to pay an AUD$2.2 million fine for misleading the Australian public about the networking capabilities of the new iPad, reports The Australian. Apple was taken to court by Australia’s competition regulator, the Australian Competition and Consumer Commission …
Simon Sharwood, 08 Jun 2012

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
Monty Python Wafer Thin Mints

Secretive Chinese smartmobe colossus Xiaomi is on WAFER thin margins

Chinese smartphone giant Xiaomi is operating on the thinnest of margins to keep its handset prices low, according to a filing with the Shenzhen Stock Exchange. The Chinese phone-maker, that’s creeping up on Western manufacturers, made a profit of $56.2m on $4.3bn in revenue last year. That gives the firm operating margins of …
SuperTim's bacon bounty sarnie

Pricey buys bring home bacon for Alternative Networks...sort of

Hauling in a heavy duty sales director and forking out millions for acquisitions has finally got the revenue dial moving in the right direction for AIM-listed Alternative Networks. It's not done the same for profits, though. The top line had stagnated and operating profits dipped in the previous fiscal year, so the comms-managed …
Paul Kunert, 05 Jun 2014
chain_relationship_channel

HP: We will eradicate the colour grey from our market

HP UK claims to have clawed back some $2m worth of revenues it would have otherwise lost to the grey market by getting litigious with anyone importing and selling boxes from outside of the EU. The firm told us “preventative” activity increased sevenfold from fiscal ’12 to ’14, that “recoveries of mis-used contra” is up tenfold …
Paul Kunert, 12 Sep 2014
Tesla_roadster_900

High-end SAN clan Dot Hill outshone by software biz Veeam

Software-shipping upstart Veeam had results that seemingly far outshone those of old-school hardware OEM supplier Dot Hill. Dot Hill, which supplies disk arrays to its OEM customers, continued its tortoise-like crawl towards growth and profitability with another quarter exhibiting slow progress. Its third fiscal 2014 quarter …
Chris Mellor, 07 Nov 2014

Jony and Marc sitting in a tree ... let's design Apple iThings, BUDDY

Apple's design guru Jony Ive has hired a close friend to join his team in Cupertino. Marc Newson, who has previously worked with Ive on a number of designs for the fruity firm, will be based in Blighty and regularly jet out to California, Vanity Fair reported. The Hollywood-schmoozing magazine quoted Ive bigging up his chum and …
Kelly Fiveash, 06 Sep 2014

Exetis Micro P parent smirks, files another set of bumper numbers

DCC Technology, parent of Euro disties and specialist service providers, is again laughing all the way to the bank after plugging slower tab sales with demand for PCs, gaming systems and a larger reseller customer base. The network of IT companies trade under the Exertis brand and include Exertis Micro P, Exertis Gem, Exertis …
Paul Kunert, 05 Nov 2014

Accounts probe stings IT distie giant Tech Data on the bottom line

The residual effects of Tech Data's accountancy blunder have emerged in the distribution goliath's figures for the first quarter of its new fiscal year. While the numbers published today show rising sales, profits – hit by a series of charges including a $12.2m cost related to the accounts cock-up – are well off the pace. Tech …
Paul Kunert, 29 May 2014
management management4

Industry vet rocks up at Phoenix Software

Industry and distribution veteran Johnny Ellis has crossed into reseller land for the first time, rocking up as sales and marketing director at York-based Microsoft enterprise licensing partner Phoenix Software. Ellis, who only exited Arrow Enterprise Computing Solutions at the end of November, will also control the S&M …
Paul Kunert, 05 Dec 2014