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CivicaUK

Public-sector biz Civica UK flaunts fit figures to keep sugar-daddies sweet

If investors at venture-capital biz 3i are considering floating or selling UK public-sector tech giant Civica this year, then its decent financial results will focus a few minds. Paperwork filed at Companies House show Civica's operations in Blighty turned over £109.6m in the 12 months to 30 September 2012, up from £99.6m in the …
Paul Kunert, 13 Mar 2013
Ontario Muncipal Employees Retirement Scheme

Sugar daddy beds nurses, plod, firemen software biz with fat wad

Omers Private Equity has coughed up £390m for public-sector services and software supplier Civica. A metaphorical "for sale" sign was erected outside the integrator by former owner 3i last autumn, but it was unclear if it would end up in the hands of a rival, another venture capitalist or the bosses in a management buyout. The …
Paul Kunert, 09 May 2013

VC plans to flog or float public sector biz Civica next year

Private equity backers of public sector services and software player Civica are reportedly gearing up to punt or float the business early next year. Venture capitalist 3i is reviewing its options, says the FT. This comes more than four years after 3i forked out £190m to take the one-time AIM-listed operation private. Investment …
Paul Kunert, 03 Oct 2012
The Register breaking news

SMEs vital in surveillance arms race, says 3i

Small businesses in the UK will be critical to the success of Home Office proposals for a security innovation forum, according to venture capitalists at 3i. In a speech at the Security and Resilience Forum, home secretary John Reid said that pioneering technology would be crucial in staying one step ahead of terrorists. He said …
Lucy Sherriff, 06 Nov 2006
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CEO of bloated outsourcing firm Capita quits after 26 years

Fat cat chief exec Paul Pinder is to quit after 26 years at outsourcing giant Capita to head up small, private equity-backed businesses. The man who, along with other top brass, pocketed a 20 per cent pay hike last year as IT Services staff had their wages frozen and bonuses shelved, is to be replaced by Capita deputy chief exec …
Paul Kunert, 18 Nov 2013
The Register breaking news

Another investor pulls out of Habbo Hotel after grooming claims

Investors are pulling out of Finnish social networking firm Sulake and its teen-aimed website Habbo Hotel after revelations that Habbo was hosting illicit content. Private equity firm 3i announced today that it had left Sulake's board and was ditching its 16 per cent stake in Habbo Hotel, a social gaming network and online …
The Register breaking news

3i takes III to court over domain name

3i, the UK's biggest venture capital firm, has issued a writ against Interactive Investor International, demanding the finance site ditches its iii logo and the iii.co.uk Web address, Sunday Business reports. In a statement filed with the High Court, 3i claims III has infringed its trademark through the use of its iii logo. …
Drew Cullen, 14 Aug 2000
The Register breaking news

3i takes stake in cut-price ecommerce developer

3i has made a “multimillion dollar” investment in a UK ecommerce start-up that helps small companies flog their products online. The product, developed by Cobham, Surrey-based Actinic Software, retails at the knockdown price of £349 (EX VAT) and includes “all of the technology” required to implement an Internet commerce solution …
A staffer, 13 Oct 1998
The Register breaking news

NetStore gets £3 million from 3i and two clearing banks

3i has brokered a funding deal for the NetStore Group in which it, NatWest and Barclays Ventures will fund the services company to the tune of £3 million. This is the second round of funding for NetStore. In the first round, 3i financed the deal. Daniel Morgan, a senior consultant at 3I, said: "As an investor, you need to listen …
Mike Magee, 25 Aug 1998
The Register breaking news

Future trends in security – 3i survey

When investment house 3i casts its eye over the future development of Internet security the market takes note. After all 3i is a significant stakeholder in the industry and is in an interesting position to gauge trends in the market. So it was with interest that we went along last Wednesday night to hear about 3i's white paper …
John Leyden, 28 Jan 2002
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Dell details smartphone spec

Dell has come clean on the full specifications of its Mini 3i smartphone, and it doesn't impress. Dell_Mini3i_01 Dell's Mini 3i: not the iPhone killer some had hoped for Dell announced earlier this month that its Mini 3i smartphone – which runs China Mobile’s Android-based oPhone platform - would launch in China towards the …
James Sherwood, 23 Nov 2009
The Register breaking news

3i drums beat for Jungle Online

3i is shelling out £10 million for a 20 per cent stake in new web retailer Jungle Online. Opening its virtual doors for business on August 18, Jungle Online is the latest wheeze of Steve Bennett, serial entrepreneur and boss of Software Warehouse, one of the UK’s most successful IT retailers/mail-order operations. Jungle Online …
Drew Cullen, 05 Aug 1999
The Register breaking news

3i prescribes DocMorris sale

Online pharmacy DocMorris, the Netherlands-based firm which for three years sold over-the-counter and prescription medicines to Germans, is to be sold by its main investor 3i. DocMorris was involved in a much-publicised dispute with German pharmacists' union last year. The union tried to stop the company from conducting …
Jan Libbenga, 07 Apr 2004
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Dell confirms first Android-based smartphone

Dell has officially announced its first branded smartphone – the Mini 3i. Dell_Mini3i_01 Dell's Mini 3i will appear in China later this month The PC manufacturer hasn’t released a list of the phone’s technical specifications - perhaps an indication that Dell executives have yet to sign off on the Mini 3i’s features. However …
James Sherwood, 13 Nov 2009
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Dell denies dPhone debut

The Mini 3i Android-based mobile phone Dell showed off at a China Mobile even this past weekend was merely a proof of concept device, the company has claimed. Handy, that, because it means Dell may yet feel then need to change the handset's specifications. Reports from the event confirmed previous claims that the phone lacks …
Tony Smith, 18 Aug 2009
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Dell's Android phone unmasked

The first phone developed by Dell has finally been revealed, thanks to the PC manufacturer’s tie-up with a Chinese network operator. dell_mini_3i_01 Dell's Mini3i Android phone has launched in China Source: mobile.i63.com The handset – blurred images of which were first leaked last week – is called the Mini 3i. The device …
James Sherwood, 17 Aug 2009

VMware unveils 32MB version of ESX Server

The rumors about VMware putting ESX Server on dietary supplements have been confirmed. The virtualization darling today revealed ESX Server 3i - a super-thin hypervisor that will be built into the memory of servers from companies such as Dell, HP and IBM. We've been writing about the so-called ESX Lite for some time now, …
Ashlee Vance, 10 Sep 2007
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VMware moves vSphere 5.0 to launch pad

The virtual cat is out of the physical bag. Server virtualization juggernaut VMware has sent out invitations to a big shindig it is hosting in San Francisco on July 12, which is almost certainly going to be the launch of its ESXi 5.0 hypervisor and related vSphere 5.0 virtualization management stack and vCloud extensions. All …
The Register breaking news

Millions opted into UK mobile phone directory

A public mobile phone directory for the UK will launch later this month, loaded with millions of private numbers bought from marketing departments. From June 18, callers to 118800 will be asked for a first name, a surname and a town*. If a match is found, they will be connected to that person's mobile for £1. Connectivity, the …

Dell's 'Veso' appliance runs on four-core Opterons and thin VMware

The mysterious Dell virtualization server appliance – code-named Veso – will ship at the end of November, leading the charge for systems with embedded hypervisors. VMware CEO Diane Greene and Dell CMO Mark Jarvis revealed technical details about Veso during a speech today at the VMworld conference. The Veso box will ship as a …
Ashlee Vance, 11 Sep 2007

HP, Dell and Fujitsu answer VMware's USB stick plea

In the much-hyped world of server virtualization, even slapping a hypervisor on a USB stick counts as cause for mass celebration. As evidence, we bring you the joyous shouts of HP, Dell, IBM and Fujitsu Siemens - all of which have firmed their plans to support VMware's trimmed down hypervisor known as ESX Server 3i. Over the …
Ashlee Vance, 26 Feb 2008
The Register breaking news

Credit Suisse and HSBC announce job cuts

Back-office and IT staff are among those leaving Credit Suisse and HSBC after the banks announced job cuts yesterday. Credit Suisse is cutting 10 per cent, or 650 positions. HSBC will cut headcount by 500. Many banks are now in their second or third round of cuts and some have also taken action by cutting contractor rates - …
John Oates, 03 Dec 2008
The Register breaking news

IBM buys Coremetrics for web analytics

IBM has added another arrow to its data analytics quiver with the acquisition of Coremetrics, a specialist in the area of web analytics relating to product marketing. Whether we like to admit it or not, marketing campaigns – consisting of display advertising, Webcasts, and other branding efforts as well as the cross-selling that …

VMware's 'Calista Flockhart' hypervisor may or may not change the world

This piece on VMware's new ESX 3i hypervisor arrives with great sadness. How – we wonder – could our dear readers at VMware, IBM, HP, Dell, Sun Microsystems and others have kept this technology a secret? Why did we get little more than hints here and there? We can hear it now. "Play your violin somewhere else, hack. Type …
Ashlee Vance, 11 Sep 2007
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VMware hypervisors on the Go

With a number of freebie alternatives to its flagship ESX Server 4.0 hypervisor out there in the market - including some pretty stiff competition from Microsoft's Hyper-V, Citrix Systems' XenServer, and Red Hat's KVM - VMware has to do something to engage and hold small and medium businesses who are not gonna pay a lot for that …

HP stuffs XenServer into ProLiants

Er, before we get to HP's rather unfortunate "iVirtualization" roll out, we'll note that HP plans to offer Citrix's XenServer software as a pre-installed option across the ProLiant server line. Starting March 31, customers can purchase servers with XenServer burned into memory - or rather burned into a USB stick that plugs into …
Ashlee Vance, 20 Mar 2008
cloud

VMware bakes disaster recovery into vSphere stack

VMware has rounded out its vSphere stack of software around the ESX Server 4.0 hypervisor, with integration of vCenter Site Recovery Manager that started shipping in June. While VMware likes to make it look like the vSphere stack consists of lots of different code, thereby making it worth lots and lots of money, there are really …
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VMware vSphere gets more gadgets

Server virtualization juggernaut VMware kicks off its VMworld fest in San Francisco today by rounding out its vCenter management tools for the new vSphere 4.0 stack, which wraps around the new ESX Server 4.0 hypervisor. The company is also launching a free Web-based, hosted management tool that will allow companies that use …
The Register breaking news

TeleCity agrees £58m buyout

TeleCity - the UK-based colocation and data centre service provider - has agreed to a £58m buyout led by the 3i investment group. 3i and Oak Hill Investors have set up a new company - Inhoco - as a vehicle to acquire the data centre operation. The 21p a share offer represents a premium of 22 per cent on the 17.25p closing price …
Tim Richardson, 18 Jul 2005

VMware rains hardware deals on Microsoft's parade

VMware today inked a quartet of software deals with server giants Dell, Hewlett-Packard, IBM and Fujitsu Siemens. The agreements will infuriate Microsoft which is struggling to get its own virtualisation offering onto the market. VMware said that, under the agreement – financial terms of which remain secret – its ESX 3i …
Kelly Fiveash, 26 Feb 2008

VMware makes storage fluid

Fresh off a blockbuster IPO and its user conference, VMware has divulged details around upcoming additions to its flagship software. Out of all the new bits and bobs in ESX Server 3.5 and VirtualCenter 2.5, customers may find some storage tools most appealing. VMware has crafted a storage replica of its VMotion technology used …
Ashlee Vance, 08 Oct 2007

Dell issues virtualization wonder box despite AMD

As long promised, Dell has gone hog wild with virtualization. The company today dished out a couple of new boxes geared toward running VMware and Citrix's virtualization wares, tuned its iSCSI storage gear for virtual servers and produced a couple new services bobs as well. The real show-stopper here is probably the R805 server …
Ashlee Vance, 07 May 2008

VMware parades virtualization for the SMB masses

VMware has announced three new VMware Infrastructure packages that are designed to help IT administrators at SMBs make the decision to deploy virtual infrastructure. The SMB bundles are based on the latest release of VMware Infrastructure, which will include the new VMware ESX Server 3.5 and VirtualCenter 2.5, and are focused on …
Clay Ryder, 04 Dec 2007
The Register breaking news

Cambridge firm gets $26m for tiny-projector tech

A Cambridge company looking to develop miniaturised projection systems for use in converged handsets has secured $26m of VC funding. Light Blue Optics raised the cash principally from Earlybird of Germany and Capital-E from Belgium. Funding was also forthcoming from the British 3i group and the UK's National Endowment for …
Lewis Page, 01 Oct 2007
The Register breaking news

UK Sage house sold

US systems integrator CIBER has bought Sage-specialist Ascent Technology Ltd. for £23m ($40m). The deal is expected to contribute to CIBER's bottom line both this year and next. CIBER turns over about $850m a year and employs 7,000 people in ten countries. Ascent, based in Hinckly, Leicestershire, is a specialist financial …
John Oates, 25 May 2004
The Register breaking news

Safetynet MBO puts CEO in charge

Safetynet, the computer disaster recovery company, has been bought in an £85 million management buy-out led by venture capitalist 3i. The deal put the £20 million company in the control of chief executive Paul Barry-Walsh, who upped his stake from 38 to 50 per cent. Safetynet, now owned by newly formed business Safetynet Group, …
Linda Harrison, 15 Feb 1999

Microsoft counters VMware insanity with optimistic frown

I used to enjoy covering VMware. In the good old days, CEO Diane Greene would stop by the office to chat about everything, including point upgrades to ESX Server, GSX Server - remember that - or Workstation. She never tried to oversell the products. She embraced a humble, intelligent approach to discussing VMware's products and …
Ashlee Vance, 19 Sep 2007
The Register breaking news

Telecity snaffles Redbus

TeleCity is to acquire rival data centre outfit Redbus in a move that sees further consolidation within Europe's colocation industry. The takeover values Redbus at £59m with the enlarged group better able to compete in the fragmented data centre market. The deal also gives the enlarged group greater financial clout to invest in …
Tim Richardson, 02 Nov 2005
The Register breaking news

BarrysWorld saved by EB

Electronics Boutique has saved UK online gaming site BarrysWorld with a buyout deal worth £400,000. BarrysWorld announced it had run out of cash last month after venture capitalist 3i pulled funding for the business - the site was not due to break even until 2002, and the state of the market made 3i lose its nerve. Electronics …
Linda Harrison, 27 Feb 2001
The Register breaking news

IT holds up well in private equity slump

Global private equity investment for last year fell by almost 50 per cent from the all-time record high of US$199 billion in 2000 to US$100 billion in 2001, according to a study by investment house 3i and consultants PricewaterhouseCoopers published today. The difficult equity and mergers and acquisition markets, low business …
John Leyden, 16 Sep 2002
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Logicalis snuggles up to HP with Hawke deal

Logicalis Group is continuing its growth-by-acquisition strategy, with the purchase of Berkshire-based Hawke Systems for an undisclosed sum. The infrastructure reseller says the addition of 3i-backed, privately-held Hawke's £15m annual revenues to its books will take its own UK revenues to over £100m. Ian Cook, CEO of Logicalis …
Lucy Sherriff, 02 Aug 2005
The Register breaking news

Webdevelopment raises £1.5 million for US expansion

London software house Webdevelopment Ltd has secured £1.25 million funding for expansion into the US, through a syndicated equity investment by 3i, Thames Valley and Elderstreet Investor’s Club. Webdevelopment, which received £750k from 3i in an earlier round of funding, said it plans a fresh fund raising exercise for the first …
Team Register, 16 Sep 1998
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Super Micro super ready for Intel Nehalem Xeons

While there was plenty of talk this week at the Supercomputing 2008 trade show in Austin, Texas about the just-announced "Shanghai" quad-core Opterons, as well as GPU-powered personal supercomputers based on nVidia's Tesla co-processors, the hot topic at the show is Intel's forthcoming "Nehalem" Xeon processors, which will sport …

WAPit's scrapped it

Top WAP portal and app developer WAPit has filed for bankruptcy after failing to get a second round of financing. The Finnish company was set up in 1998 and was a main force behind open source WAP, gateways and middleware. Its products will live on in other products but WAPit itself and a range of talented staff are out the …
Kieren McCarthy, 06 Jun 2001
The Register breaking news

Jungle buys Software Warehouse ahead of planned IPO

Steve Bennett's Jungle.com is to buy his PC mail order business Software Warehouse. The online music and IT venture expects to complete the share swap by the end of April, giving Software Warehouse shareholders 15 per cent ownership of Jungle. Through the deal it will take Software Warehouse's mail order, warehouse and logistics …
Linda Harrison, 31 Mar 2000
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Stratus fault tolerants embrace cut-rate VMware

Fault tolerant server maker Stratus Technologies today said it is now supporting VMware's entry Infrastructure 3 Foundation and midrange Standard editions running in conjunction with its ftServer boxes. Stratus is one of the pioneers - along with Tandem (now part of Hewlett-Packard) - in fault tolerant servers. With fault …
The Register breaking news

Samsung goes thinner than Razr

Motorola used CTIA to make its Razr phone line more music friendly. The new 3m phone for CDMA networks adds a micro SD slot that takes up to 1GB cards. The 3i, aimed at Asia Pacific GSM operators, had already added the feature. Most of the other specs remain unchanged. The innovation doesn't stop there. Motorola added three new …
Andrew Orlowski, 06 Apr 2006

Vonage rings up $200m investment

Vonage - the broadband telephony outfit - is to ramp up its services in the US, Canada and the UK after securing an extra $200m (£106m) in funding to pump into its business. Bain Capital joined New Enterprise Associates (NEA), 3i, Meritech Capital Partners and Institutional Venture Partners, among others, to raise the cash …
Tim Richardson, 09 May 2005
The Register breaking news

UK Wi-Fi network wins 'significant' VC funding

UK Wi-Fi provider The Cloud has secured its latest round of funding, from VCs 3i and Accel Partners, the trio announced today. Terms of the deal - how much cash the VCs are putting in and what proportion of the company they get in return - were not disclosed. The level of funding was described as "significant... enough to fund …
Tony Smith, 12 Jul 2004
The Register breaking news

Mondus.com raises funds for SME ecommerce portal

Mondus.com an ecommerce start-up based in Oxford, has raised $12m from Eden Capital. Mondus.com acts as a bidding mechanism between small businesses and their suppliers. Type in a purchase request and within hours you can get competing bids from various suppliers. Through Mondus, suppliers can reduce the costs of finding new …
Drew Cullen, 10 Aug 1999