Articles about 5m

Told ya! Coms flogs telco arm to Timico in £2.5m deal

Hard-pressed B2B communications provider Coms Plc confirmed this morning it is to offload the telco arm to Timico for an initial cash splurge of £2.5m. As exclusively revealed by us late last month, the London-listed business hired Knight Corporate Finance to manage a fire sale of the division following a failed restructuring …
Paul Kunert, 26 May 2015

'Roly poly' soft, wobbly robot BANGS EXPLOSIVELY, leaps 0.5m in air

Boffins at the Institute for Chemical and Bioengineering at Zurich have developed an “untethered, jumping, roly-poly” soft robot powered by explosive gases. Soft Robotics is a field of bio-inspired robotics which derives its inspiration from animals such as starfish, worms, squid and octopuses. Avoiding the use of hard …

Ryanair stung after $5m Shanghai'd from online fuel account

Budget airline Ryanair has fallen victim to a $5m hacking scam. Crooks siphoned off money from an account earmarked for the payment of fuel bills via an electronic transfer to a bank in China last week. The transfer was subsequently blocked, but the funds – earmarked to pay for aviation fuel for Ryanair's 400-plus Boeing 737-800 …
John Leyden, 30 Apr 2015

Hello, Ello. Still no ads and no features to sell. What do? Bag $5.5m

Hipster-chic anti-Facebook wannabe Ello is today $5.5m richer, apparently – and hopes to silence critics of its no-ads manifesto with a renewed vow to never sell adverts nor user data. The social network upstart has declared itself a public benefit corporation with a statement never to plonk ads on its site or flog private …
Shaun Nichols, 23 Oct 2014

Red Bull does NOT give you wings, $13.5m lawsuit says so

A website set up by Red Bull to allow its caffeine guzzling consumers to stake a claim to a multi-million dollar award for failing to get the wings its ad slogan promised, crashed under the weight of interest. The Austria-based drinks maker is to settle US lawsuits out of court, brought by a long-time user, Benjamin Careathers, …
Paul Kunert, 11 Oct 2014
Phones4u logo

EE buys 58 Phones 4u stores for £2.5m after picking over carcass

EE has scooped up 58 Phones 4u stores from the beleaguered High Street retailer, one week after it slipped into administration. The mobile operator, which was partially blamed by Phones 4u for its surprise collapse, revealed the £2.5m purchase in a brief statement to The Register: We can confirm that we have agreed with the …
Kelly Fiveash, 22 Sep 2014

Ex-VMware engineers chuck $4.5m and OpenStack at AWS

A pod of former VMware engineers armed with OpenStack and $4.5m in venture cash have thrown their hats into the ring against Amazon’s AWS. The virty giant’s ex-coders have removed their company, Platform9, from startup mode, announcing they’d landed the money from Redpoint Ventures. Manning Platform9 are Sirish Raghuram, …
Gavin Clarke, 13 Aug 2014
Katherine Archuleta

US OPM boss quits after hackers stole chapter and verse on 21.5m Americans' lives

The director of the US Office of Personnel Management has handed in her resignation in the wake of further revelations about the scale of the hacking attack on the agency. "This morning, I offered, and the President accepted, my resignation as the Director of the Office of Personnel Management," she said in a statement. "I …
Iain Thomson, 10 Jul 2015
Euro notes

Microsoft outspends world's tech firms with '€5m' EU lobby bill

Microsoft spends more than any other tech company in the world on lobbying the EU, if you believe the figures in the non-obligatory EU Transparency Register. A new online tool called allows data from the register to be automatically sorted, compared, ranked and analysed in ways not possible through the official EU …
Jennifer Baker, 01 Oct 2014

FCC spikes Sprint with $7.5m fine over Do Not Call violation

The Federal Communications Commission (FCC) has levied its largest do-not-call fine ever against a US telco, in this case Sprint. The FCC said that it would be extracting a $7.5m payment from the company as part of a settlement deal and compliance plan. The deal will settle a complaint filed by the FTC accusing the firm of …
Shaun Nichols, 20 May 2014

Could you make a Google-grade data center OS? For $10.5m?

The starting gun has been fired on the race to build the fundamental software for modern cloud data centers, and Mesosphere is running ahead with an armful of dollar bills. The company announced on Monday that venture capitalists had thrown $10.5m at it to help it share the inner secrets of Google, Microsoft, and Facebook's …
Jack Clark, 09 Jun 2014

Pension quango's £18.5m project FINALLY goes live... 2 months late

Exclusive An £18.5m project carried out on behalf of the UK's Pension Protection Fund (PPF) has finally gone live - two months late. A comprehensive IT infrastructure overhaul and modernisation of hardware and software was due to be installed and running by 28 February. However, The Register has learned that CGI missed both the February …
Gavin Clarke, 01 Jul 2014

Trio allege in court: You sold our ZIP codes, Apple, now hand over $5m!

Apple is being sued by a trio of customers who claim the company sells their personal information in violation of Massachusetts law. The three men have filed a class-action suit in the state alleging that Apple collected their ZIP codes and then flogged that personal information to third parties. In a complaint filed in the …
Shaun Nichols, 17 Jan 2014

Apple coughs up 7 hours of profit to refund kids' $32.5m app spend spree

American parents whose children ran up huge bills from in-app purchases on Apple devices will be refunded $32.5m by the Cupertino titan. The settlement was brokered by the US Federal Trade Commission (FTC) after youngsters were able to buy heaps of useless stuff in software – such as power-ups in games – without their guardians …
Shaun Nichols, 15 Jan 2014

BBC's Clangers returns in £5m 'New Age' remake

The BBC is to remake the classic children's animation programme The Clangers as a hi-tech production with environmental politics at the fore. Original Clangers animator Peter Firmin and illustrator Daniel Postgate - the son of Clangers creator Oliver - will be involved in the £5m budget production. The new series will be …
Andrew Orlowski, 15 Oct 2013
Autodesk's AutoCAD

AutoCAD daddy buys UK design software firm Delcam for £172.5m

Autodesk is all set to slurp British firm Delcam for £172.5m in a bid to snatch more software to offer to the manufacturing sector. The US computer-aided design (CAD) software firm offered Delcam £20.75 per share, a premium of 21 per cent compared to the price at which the company closed on the London Stock Exchange yesterday. …

Cloudy firm Coms Plc coughs £9.5m for Redstone

The three-year restructuring at Redstone was effectively wrapped up today after management "conditionally" sold trading subsidiary Comunica for £9.5m in cash to LSE listed cloud-based telephony player Coms Plc. Under the terms of the deal, Coms will cough £7.65m on completion and a deferred consideration of £1.85m in the next 12 …
Paul Kunert, 05 Nov 2013
Pebble Time

STOP! Pebble Time: New color watch clocks up $5m on Kickstarter

Pics Pebble today put its first color-screen smartwatch on sale on Kickstarter – and raised $5.4m from 26,000 backers in just a few hours. The startup's Pebble Time quickly blew through its rather modest fundraising goal of $500,000. The biz sold out of $159-priced watches, although you can still order one for $179, two for $338, …
Shaun Nichols, 24 Feb 2015

Trustmarque bags £19.5m refinance package from HSBC

Fresh from its recent management buy-out, services-based licensing reseller Trustmarque Solutions has signed a £19.5m refinancing deal with HSBC. The package was confirmed today a little over a month after top brass at the York headquartered Microsoft Licensing Solutions Partner inked a deal with new VC backer Dunedin to …
Paul Kunert, 18 Jul 2013

What Ashley Madison did and did NOT delete if you paid $19 – and why it may cost it $5m+

Add a multimillion-dollar US class-action lawsuit to the growing number of court battles facing the owner of the hacked Ashley Madison website. A class-action complaint [PDF] filed in a US District Court in California this week alleges that Avid Life Media (ALM) neglected to properly secure the highly compromising personal …
Team Register, 25 Aug 2015

Capita splashes £57.5m on Eye-of-Sauron car-park watchdog biz

Crapita Capita has snapped up a reputation-boosting biz: the integrator will splash £57.5m on ParkingEye, which sells technology to monitor car parks to ensure nobody gets a freebie or goes dogging. Lancashire-based ParkingEye provides "remote enforcement, management information and alerting systems", and its intellectual …
Paul Kunert, 24 Oct 2013

Computacenter CEO: Currency headwind? Yep, that hurt alright

For a business, not losing sales ground in these uncertain economic times might be considered something of an achievement in itself. If so, Computacenter bosses will be downing celebratory doubles this morn. In the half year to 30 June, the services-based reseller reported sales of £1.44bn – flat compared with a year ago, but …
Paul Kunert, 28 Aug 2015

Billionaire Soros 'likes' Facebook to the tune of $212m; Alibaba out of favour

Billionaire George Soros has slurped up $212m (£135m) of Facebook shares, while simultaneously shedding $365m (£233m) of stock in Chinese giant Alibaba. Last quarter, Soros had just $10.2m (£6.5m) in Facebook shares and $370m (£236m) invested in the Chinese tat bazaar. The shift in stock preferences was revealed in a …
Kat Hall, 17 Aug 2015
Soylent prepared

Anti-food startup Soylent pours sugar daddies' $1.5m into its gloopy mix

Soylent, the geek-run startup that aims to defeat food by replacing all meals with a pint and a half of beige gloop, has slurped down $1.5m in filthy valley lucre. The funding was announced on Monday and will give the controversial upstart the ability to do some hiring, perhaps fund a medical trial, and investigate the …
Jack Clark, 21 Oct 2013

EMC purchase of Graphite Systems was a wetware buy

EMC’s purchase of Graphite Systems was a wetware acquisition, a simple acquihire, according to sources close to the matter. EMC didn’t want the hardware or the software: it wanted the wetware – the people – because what they were developing was so similar to DSSD’s own technology of an ultra-fast, solid state storage array …
Chris Mellor, 01 Oct 2015
Sony PS3 Even Slimmer

Sony pops pastries as PS3 sales pass 5m

Sony sent us baked goodies today in celebration of selling five million PlayStation 3s here in the UK. PS3 Cake Following last month's PS3 Super Slim launch, the Japanese firm enjoyed a huge jump in sales and this week surpassed the 5m mark in Blighty, a figure confirmed by GfK Chart-Track. A second Super Slim edition with a …
Caleb Cox, 11 Oct 2012
The Register breaking news

That enough, folks? Starbucks tosses £5m into UK taxman's coffers

Starbucks, one of the three firms - along with Amazon and Google - that have been hauled over the coals because of their teeny tax bills in Blighty, has handed over £5m to HMRC to please its customers. The payment, the first the multinational firm has made in corporation tax in the UK for five years, said that it would make …

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

Delphix is in a DaaS for cash after sponging up $75m

Database data virtualising startup Delphix has gained $75m in fourth round funding to scale sales, marketing, and operations across global geographies. It claims it's a DaaS company, meaning Data as a Service, and was started up in 2008 with these funding rounds: 2009 – $8.5m 2010 – $11m 2012 – $25m 2015 – $75m That's a …
Chris Mellor, 14 Jul 2015
Euro notes

Efficient German sales engine Bechtle says Q1 was GUT

Insuppressible German headquartered reselling machine Bechtle piled more pounds onto the sales ledger during calendar Q1 seemingly surprising senior management. The business, with ops in 60 locations across Europe, revealed a 6.1 per cent boost in sales to €622.5m, EBITDA climbed 6.3 per cent to €22.5m and profit after tax up 6. …
Paul Kunert, 14 May 2015
The Register breaking news

Morgan Stanley cops $5m fine over Facebook IPOcalypse

Morgan Stanley has been fined $5m for allegedly coaching Facebook on how to selectively release its financial information before its market debut. The lead underwriter for Facebook's IPO has settled with the Massachusetts securities regulator, William Galvin, neither admitting or denying the allegations. The banks that …
Pi irate

Want your kids to learn coding? Train the darn teachers first

A number of schools have failed to train their teachers in the government's flagship computing curriculum introduced last year, which was intended to turn Blighty into a nation of coders. One third of 27 secondary schools teaching kids up to and including GCSE level have failed to spend any money training staff in the …
Kat Hall, 04 Sep 2015

Google says it paid TOO MUCH tax, wants $83.5m refund

Not content with slashing its tax burden by channeling profits through overseas subsidiaries, Google now says it has actually overpaid $83.5m in tax – and it's suing the US Internal Revenue Service to get it back. The dispute dates back to 2004, when America Online exercised a warrant to buy approximately 7.4 million shares of …
Neil McAllister, 28 Jun 2013

Ex-SAP director: I bribed govt officials to seal the deals on software

A former regional director of German enterprise software outfit SAP has pleaded guilty to bribing officials in the Panamanian government to secure a contract for one of the company's resellers. Vicente Eduardo Garcia, 65, of Miami, Florida, admitted giving $145,000 in bribes to one government official and promising bribes to …
Iain Thomson, 14 Aug 2015

US Navy coughs $34.5m for hyper-kill railgun that DOESN'T self-destruct

BAE Systems has been handed a $34.5m contract to design a new version of a potentially game-changing weapon of the future. The US Office of Naval Research gave BAE the cash to build a new railgun prototype which is capable of firing up to 10 shots a minute, while staying cool enough that it doesn't blow up like previous designs …
Jasper Hamill, 04 Jul 2013
The Register breaking news

Brit unis get £7.5m of taxpayers' cash for cybersecurity PhDs

Two UK universities are going to split £7.5m in government funding to train the next generation of cybersecurity experts. The University of Oxford and Royal Holloway University bagged £3.65m and £3.8m respectively to run doctoral courses in computer security from the Engineering and Physical Sciences Research Council and the …

Imation ejects its removable disk biz, hands it to Sphere 3D

With an echo back to its prior Overland Storage data protection days, Sphere 3D has bought Imation’s RDX removable disk storage business. RDX is a removable disk (well, duh – Ed.) cartridge with up to 2TB capacity intended for use as a tape replacement in off-system/off-site backup. The drives fit into QuikStor and QuikStation …
Chris Mellor, 14 Aug 2015
FBI badge and gun

Sprint fined $16m for sticking it to The Man: Telco 'overcharged' Feds for phone wiretaps

Sprint has agreed to pay a $15.5m fine after it was accused of overcharging the Feds when carrying out court-ordered wiretaps. The US Department of Justice (DoJ) claimed the American telco had gouged cops and g-men between 2007 and 2010: Sprint allegedly over-billed them by at least $21m for setting up wiretaps to record phone …
Shaun Nichols, 10 Apr 2015
FCC paddling

Flubbed hardware fix knocked out 911 calls, T-Mobile US cops big fine

T-Mobile US will cough up a $17.5m (£11.2m) fine after a botched equipment upgrade cut off emergency 911 calls for millions of Americans for hours. In a settlement [PDF] with US watchdog the FCC, T-Mob today promised to pay up, and improve its network in America to prevent future outages. T-Mobile US made a $247m profit last …
Shaun Nichols, 17 Jul 2015

Sceptic-bait E-Cat COLD FUSION generator goes on sale for $US1.5m

Leonardo Corp says it's now accepting pre-orders for its “energy catalyzer” product, with delivery expected within four months. The “Ecat” is a controversial product: although it's been claimed to deliver more output power than input power in “black box” experiments, the mechanism by which the “low energy nuclear fusion” …
The Register breaking news

Judge confirms Google's miserly $22.5m Safari privacy FTC payout

A US judge has accepted Google's offer of just $22.5m to settle with the FTC over Safari cookies, despite pressure from a consumer rights group to stiffen the penalty. District Judge Susan Illston decided that the agreement was "substantively fair, adequate and reasonable", rejecting Consumer Watchdog's objections that the …

Big operating expenses rise clobbers Dot Hill's otherwise healthy profits

Storage biz Dot Hill is back and boasting a third quarter of double-digit revenue growth – but also reports anorexic profits caused by some whopping admin expenses. Its second 2015 quarter showed revenues of $61.5m, 28 per cent up on the year-ago’s $48.2m and marginally more than the previous quarter’s $61.1m. Dot Hill …
Chris Mellor, 10 Aug 2015
£10 notes. Pic: Howard Lake

Oh no! That's another year you didn't grow, KCOM

Brit telco KCOM Group has reported top line shrinkage for the seventh consecutive year, this time blaming problems on “legacy activities” while unsurprisingly pinning its future on cloud services glory. The tech integrator/ comms provider reported a 6.1 per cent fall in revenues to £347m for the year ended 31 March - the last …
Paul Kunert, 05 Jun 2015

Systemax bleeds $28m while its shares bounce off the floor

With the store closure programme Stateside, the axe falling on EMEA boss Pim Dale, and the industry-wide currency crisis, portents of doom hung over Systemax’s Q2 numbers. And so it has come to pass – the once mighty tech reseller last night reported another quarter of double digit sales declines and widening losses. Turnover …
Paul Kunert, 05 Aug 2015

VMTurbo trousers $7.5m to bring Adam Smith's hand to more clouds

Adam Smith-loving cloud biz VMTurbo has secured $7.5m in C-round funding from venture capitalists Globespan Capital Partners. That makes for $25m in funding in three rounds, with the second round hitting in November 2011 when Bain Capital Ventures and Highland Capital Partners kicked in $10m. The company did not announce details …

Accenture extends tentacles with €25m Dublin R&D centre

Accenture is the latest company to expand its base into low-tax Ireland, opening a €25m (£16.5m) R&D centre in Dublin and hiring 200 new bodies. The move by the consultancy and outsourcing biz will apparently focused on cognitive computing, the "internet of things", advanced analytics, security and digital marketing, according …
Kat Hall, 01 Oct 2015

Workforce DECIMATION: QLogic fires up its pink slip printer

Prepare for pink slips. Following lousy results and the CEO leaving, server and storage biz QLogic has announced a restructuring program – with sacked bodies seemingly being the only feature. Available here, the brief SEC filing states: On 2 September, 2015, QLogic Corporation (the “Company”) approved a restructuring plan …
Chris Mellor, 15 Sep 2015

Crayon slurps US-based SAM minnow Anglepoint

Euro licensing powerhouse Crayon has acquired a majority stake in US-headquartered software and IT asset management services minnow Anglepoint. This is the Microsoft house’s second bite-sized buy in North America following a deal with Software Wholesale International in July. Founded in 2009, Anglepoint sells IBM and SAP …
Paul Kunert, 23 Sep 2015

Nope, there's no money in on-prem software licensing...

Microsoft may be making life harder for enterprise volume licensing resellers but there’s still money to be made from flogging on-premise software in the old way. Just ask Bytes Group. The Surrey-based specialist has filed its results for the year ended 28 February, and they reveal a business whose waistline is expanding from …
Paul Kunert, 23 Sep 2015
The Register breaking news

Facebook's Sean Parker fined $2.5m for tasteless eco-trashing wedding

"Move fast and break things" is the unofficial motto of Facebook engineers, and for original Facebook president Sean Parker that philosophy apparently even applies to centuries-old redwood forests – at least where planning his wedding is concerned. The California Coastal Commission has ordered Parker and property owners WTCC …
Neil McAllister, 04 Jun 2013