Articles about 5m


Hammer hopes to nail software-defined future for Commvault

Commvault has software-defined storage and business process automation in its future, as it announces a $600,000 net loss on revenues of $156.3m in its latest quarter. The firm is hoping this sets it up for a sustained turnaround. This was the second quarter in its fiscal 2017, and it ended on September 30. The revenues were …
Chris Mellor, 26 Oct 2016
End of the line (train line). Photo by Shutterstock

Slowmo Violin train crash still sliding down the tracks

Comment Violin Memory’s stock is slowmo crashing, and is now down to $0.35; it was $0.65 on October 11. This values the company at just $8.85 million. The firm’s market capitalization was $20.24m on September 26, $31.3m in early May, and $76.5m in February – there has been a decline of around 88 per cent in value since then. Violin …
Chris Mellor, 24 Oct 2016
Metal Gear Solid V: The Phantom Pain

Hack us and you're basically attacking America, says UK defence sec

Britain is splurging £265m on military cyber security – and that includes offensive capabilities, according to Defence Secretary Sir Michael Fallon. Speaking at the Royal United Services Institute yesterday, Sir Michael said the investment into the Cyber Vulnerability Investigations programme would “help us protect against …
Gareth Corfield, 21 Oct 2016

Banks don’t give a 2FA

The online security of a majority of UK banks is failing customers. Tests by consumer group Which? found that only five out of the 11 providers it tested offered two-step authentication for logins. Lloyds and Santander were among the banks faulted for not doing enough to protect consumers from ID theft and banking fraud. In …
John Leyden, 21 Oct 2016
editorial only image of Whitehall. Pic Daniel Gale/Shutterstock

Glued-shut IT wallets hindered UK govt's programmes – study

Efforts by the previous UK government to rein in lavish Whitehall technology spending caused more harm than good in some instances. That's according to a new academic paper, titled Identifying the critical success factors for major government projects that incorporate IT or “digital” developments. It builds upon two …
Kat Hall, 21 Oct 2016
Savannasaurus elliottorum

Two new dinosaurs walked from South America to Australia, via Antarctica

Australian paleo-boffins have revealed two new dinosaurs, Savannasaurus elliottorum and Diamantinasaurus matildae. As detailed in the Nature: Scientific Reports paper New Australian sauropods shed light on Cretaceous dinosaur palaeobiogeography, the dinos are remarkable because they are the first sauropods to be found in …
Simon Sharwood, 21 Oct 2016

NCC stirs in 'lumpy' bits of Fox, produces sales gravy. But market still chokes

UK-based infosec outfit NCC Group has weathered a tricky summer period that involved some contract deferrals and cancellations while still managing to post a profit. Group revenues for the four month till the end of September increased £79.6m compared to £58.5m in the same June to September period last year. The increased …
John Leyden, 20 Oct 2016
Photo by Helga Esteb / Shutterstock

Whinge on: T-Mobile US docked $48m for limiting 'unlimited' data plans

T-Mobile US has agreed to pay the US comms watchdog the FCC $48m to settle claims that it illegally throttled the connections of some unlimited-plan data users. The settlement package [PDF] ends an investigation the US broadband watchdog launched over T‑Mobile's handling of customers on its unlimited data plans. At issue was …
Shaun Nichols, 19 Oct 2016

Brexit? No impact at all, chuckles reseller juggernaut

The storm clouds Softcat pointed to gathering over the industry in the months prior to the EU referendum didn’t rain on the firm’s parade after all, judging by financial results outlined to the City today. The mid-market reseller said in the spring that business confidence could be dented by political uncertainty, but as it …
Paul Kunert, 19 Oct 2016
Facebook Lite app

Facebook's un-Liked ~900 security flaws in five years

Facebook has paid security researchers US$5million in five years, after they found vulnerabilities in its platforms and quietly disclosed them under its bug bounty program. The Social Network™ runs a well oiled bounty program and pays generously when it receives notice of flaws and working proof-of-concepts, provided they are …
Darren Pauli, 14 Oct 2016
Cats eating a burrito and a taco

Metronet gobbles up hosting firm for £47.5m, instantly doubles in size

Manchester-based network services provider Metronet has snapped up infrastructure and hosting firm M247 for £47.5m. The combined business will have three data centres, over 200 staff, a combined turnover of more than £40m, and earnings before interest, taxes, depreciation and amortisation (EBITDA) of £12m. It means the ISP …
Kat Hall, 13 Oct 2016
management intelligence

Violin stock low bow

Violin Memory stock dipped to $0.65 yesterday, a 12-month low point, valuing the company at just $14.1m. The firm's market capitalisation was $20.24m on 26 September, $31.3m in early May, and $76.5m in February; a spectacular fall. This is like water running out of a bathtub. Despite announcing that an existing customer had …
Chris Mellor, 11 Oct 2016
Large leaver switch on a board of push button switches

TV5Monde was saved from airtime-KO hack by unplugging infected box

France’s TV5Monde came “within hours” of being destroyed by hackers, according to the station’s boss. TV5Monde was taken off air for hours in April 2015. The interruption might have lasted longer but for the intervention of a techie who pulled the plug on a compromised system that was spreading malware, Yves Bigot, the …
John Leyden, 10 Oct 2016

Everspin's Friday IPO goes pop: Moderate amount of champagne all 'round

Everspin has spun out its IPO; it offered 5 million shares at an estimated $8 a pop to rake in an estimated $40m, with shares starting trading on Friday October 7, opening at $9.10 and currently trading at $8.02. Not a disaster then. The magneto-resistive RAM startup has pulled in total funding of $80.3m since it was founded …
Chris Mellor, 10 Oct 2016

Facebook pays, er, nope, gets £11m credit from UK taxman HMRC...

Facebook has bragged about its "efficient tax structure" in the UK after it was revealed the megacorporation actually earned £11m in tax credits to be offset against future claims from Her Majesty's Revenue and Customs. An update to Facebook's accounts on Companies House [PDF] this weekend revealed that Facebook paid just over …

IBM Watson Xprize is a chance to make AI more open, says prize team

A $5m AI competition aimed at showing “how humans can collaborate with powerful AI technologies to tackle the world's grand challenges” has been launched by IBM Watson under the XPRIZE banner. IBM Watson XPRIZE leader Amir Banifatemi hopes to repeat the successes of the previous XPRIZE, a separate competition, with AI. “There …
Katyanna Quach, 07 Oct 2016

Transcripts: The crunch courtroom showdown to halt ICANN's internet power grab

Analysis Last week, there was a lot of excitement surrounding the transition of the internet's critical functions from the US government to non-profit ICANN. Just hours before the transition was scheduled to take place, district judge George C Hanks Jr ruled on a lawsuit brought by four states' attorneys general asking for an …
Kieren McCarthy, 07 Oct 2016
Bank vault

Moldovan Dridex millionaires to spend 12 years in jail

A pair of cybercriminals responsible for laundering millions of pounds stolen using a banking trojan have been sentenced to a combined total of 12 years in prison. Pavel Gincota, 32, and Ion Turcan, 35, are Moldovan nationals with Romanian citizenship. The duo made over £2.5m in criminal profits using the banking trojan Dridex …
Robot drives a car. Conceptual illustration from Shutterstock

Upstart bags $2.5m to help put the brakes on self-driving car hackers

Israeli car security startup Karamba Security has banked $2.5m in fresh investment, which it plans to use to extend its technology to autonomous vehicles. The tech will be geared towards protecting engine control units (ECUs) in robot cars from hackers and malware infections. Miscreants typically infiltrate a vehicle by first …
John Leyden, 30 Sep 2016
head of 50s-style robot

Amazon: Students, we'll give you $2.5m for a chat-up, AI?

Amazon is offering teams of university students the chance to claim their share of a $2.5m prize for developing the best “socialbot” capable of holding a natural language conversation. The Alexa Prize, detailed by Amazon chief technology officer Werner Vogels on his personal blog, will see university teams slug it out in a …
Dan Robinson, 30 Sep 2016

Want to make US$1.5m this weekend? Just jailbreak iOS

Exploit broker Zerodium has tripled its bug bounty for a remote iOS 10 jailbreak vulnerability to US$1.5 million. The outfit previously offered US$500,000 for remote iOS 9 jailbreaks, which was temporarily increased last year when a US$1 million reward was paid out in November to an unnamed hacker group. The increase is …
Darren Pauli, 30 Sep 2016
NHS hosptial photo, by Marbury via Shutterstock

Scrapped NHS ballsup cost taxpayer almost £8m

Exclusive NHS England spent nearly £8m on its controversial programme before scrapping it earlier this year, El Reg can reveal. The publicly hated programme was beset by delays and was criticised by both doctors and privacy campaigners about the haphazard way it would share sensitive medical data of citizens with commercial …
Sooraj Shah, 27 Sep 2016
Man counts pounds and pence. Photo by Shutterstock

Matt LeBlanc handed £1.5m to front next two series of Top Gear

Former Friends star Matt MeBlanc has penned a £1.5m deal with licence fee payers of the BBC to front up Top Gear for the next two series. Joining the chisel jawed comedy actor are car journos Chris Harris and Rory Reid, along with regular guests including domineering ex-Formula One team boss Eddie Jordan, pro motor racer …
Paul Kunert, 26 Sep 2016

Violin hunts for elusive key to regrowth

Analysis The elusive hunt for renewal and regrowth at Violin Memory has moved into a new phase – with a product launch holding up sales, sales leadership change, and the CEO focusing on finding funding for the future. Violin has cleverly managed to avoid falling off a cliff despite falling sales revenues and investor despair. It …
Chris Mellor, 26 Sep 2016
Fibre, image via Shutterstock

Watch out, Openreach: CityFibre swallows Redcentric's network for £5m

Plucky Openreach challenger CityFibre has gobbled £5m worth of service provider Redcentric’s network - adding 137km of fibre to the upstart’s network. The deal will extend CityFibre’s growth by three more cities to 40, a move it reckons positions it as an "increasingly powerful national competitor to BT Openreach.” The biz …
Kat Hall, 26 Sep 2016

Oracle execs get that shrinking feeling

It still pays to run Oracle, just not as much as it used to - top executives’ packages shrank by double digits in fiscal ’16 as the software titan continued to desperately seek out cloud business. Company co-founder Larry Ellison, who these days also carries the CTO and exec chairman titles, received $41.5m in total for the 12 …
Paul Kunert, 24 Sep 2016

Sad reality: It's cheaper to get hacked than build strong IT defenses

Whenever mega-hacks like the Yahoo! fiasco hit the news, inevitably the question gets asked as to why the IT security systems weren't good enough. The answer could be that it's not in a company's financial interest to be secure. A study by the RAND Corporation, published in the Journal of Cybersecurity, looked at the frequency …
Iain Thomson, 23 Sep 2016

DDoS attacks: For the hell of it or targeted – how do you see them off?

Distributed Denial of Service (DDoS) attacks can be painful and debilitating. How can you defend against them? Originally, out-of-band or scrubbing-centre DDoS protection was the only show in town, but another approach, inline mitigation, provides a viable and automatic alternative. DDoS attacks can be massive, in some cases …
Danny Bradbury, 22 Sep 2016
still of Ian McKellan as magneto in the x-men movie

Magneto-resistant upstart Everspin gets itself into an IPO whizz

MRAM startup Everspin has filed for an IPO. Everspin_ST-MRAM_die Everspin MRAM die Magneto-resistive or Magnetic Random-Access Memory (MRAM) is non-volatile RAM that’s faster than NAND; think of it roughly as XPoint-class stuff. It’s been used by server and system vendors for niche needs requiring very fast and non- …
Chris Mellor, 21 Sep 2016

We read Nutanix's homework... and the numbers look good

Analysis Nutanix has filed an amended S1 IPO form with the SEC and data within it shows a strongly growing business well-set for an IPO if the financial environment is supportive. The company's latest results show satisfactory quarter-on-quarter and annual revenue growth with net losses growing less sharply and becoming a smaller …
Chris Mellor, 20 Sep 2016
Stock traders

Nutanix's $209m, $13-a-share IPO revealed in homework to watchdog

Hyperconverged upstart Nutanix has submitted more details about its forthcoming IPO to the US financial watchdog, the Securities and Exchange Commission (SEC). The San Jose-based biz will seek to raise up to $209,300,000 in the offering by selling 14,000,000 shares of Class A voting stock at a starting price of $11 to $13. An …
Shaun Nichols, 19 Sep 2016
RAF Tornado GR.4 flying down the Mach Loop in Wales

Radar missile decoys will draw enemy missiles away from RAF jets

Britain's Tornado fighter jets may soon be deploying with missile-jamming decoys on board after the MoD signed a £2.5m order with Leonardo-Finmeccanica. The BriteCloud decoys are about the size of a can of Coke and can be fired from the jets' flare dispensers. The electronic gizmo uses “powerful radar emissions” to draw enemy …
Gareth Corfield, 19 Sep 2016
Robot drives a car. Conceptual illustration from Shutterstock

Microsoft leads group pelting 'heavy duty' robot maker with $10.5m

RotM Sarcos Robotics has received $10.5m in investment from Microsoft, Caterpillar and other backers. Salt Lake City-based Sarcos, which has offices near Microsoft in Redmond, was founded 25 years ago. It was acquired by Raytheon in 2007 before being bought back by a consortium led by its former president at Raytheon. Now, …
A plate of horderves

Kaspersky Ireland R&D haus

Kaspersky Lab is opening a new R&D office in Ireland. With an initial investment of close to $5m, Kaspersky plans to create 50 new Dublin-based roles in the next three years. The new office will focus mainly on developing data analysis and machine learning technologies for the firm’s enterprise product line-up. The Russian …
John Leyden, 07 Sep 2016
Lady eating a sandwich checking her mobile phone

iPhone outsells Galaxy

Apple snatched the bestseller crown back from Samsung in Q2, despite Apple’s woes in China. The iPhone 6s outsold the Galaxy S7, moving 14.2 million units between April and June, according to Strategy Analytics. The smaller iPhone 6 took second spot, with an estimated 8.5m units moving. That put it slightly ahead of the S7 …
Andrew Orlowski, 06 Sep 2016
Pop art-style illustration: Woman holds head in despair. Illustration via Shutetrstock

Tech-for-insurers biz out of action for 10 days now. Hope they had, er...

Hapless insurance tech biz SSP Worldwide is now on its tenth day of a services outage, which has had a huge impact its broker customers. The company was hit by a power blackout on 26 August that fried its HP Storage Area Network. Halfway through the process of a restoration six days later, the business was struck with further …
Kat Hall, 05 Sep 2016

Of supermarkets, Volkswagen and the future of Dell-EMC

Analysis September 7 sees Dell Technologies absorb EMC and its VMware holding. Storage-watchers are seeing lots of overlap between the Dell and EMC storage products and wondering if there is going to be a product cull. So far there are no signs of this and it could be useful to ask if Dell + EMC is going to be a traditional few- …
Chris Mellor, 05 Sep 2016
Bitcoin, photo via Shutterstock

Brave idea: Ex Mozilla man punts Bitcoin adblocking browser

Browser upstart Brave is now letting you contribute Bitcoin to websites in return for ad-blocking. Beta version 0.11.6 of Brave has activated its Brave Payments, which lets you send micropayments to websites as a reward for not hitting you with ads or trackers. You turn on Brave Payments from within the open-source browser’s …
Gavin Clarke, 02 Sep 2016
Workers car pooling

Waze to go, Google: New dial-a-ride Uber, Lyft rival 'won't vet drivers'... What could go wrong?

Google is apparently planning to launch a ride-sharing service to compete with Uber and Lyft. The Wall Street Journal cites a single source in reporting that the Mountain View advertisement broker will expand a small pilot program launched this summer in which the Waze navigational app can be used by people to organize car …
Shaun Nichols, 31 Aug 2016

Victoria Gov tips $6.5M into uni security seeder, city-country farm tech

The government of the southern Australian state of Victoria has tipped A$450,000 (£260,083, US$340,872) to spin up an information security incubator in Deakin University. The university and Dimension Data want the incubator to accelerate the development of technology and industry skills. It will be coupled with a security …
Darren Pauli, 30 Aug 2016
Money laundering

'Fake CEO' Chinese chap cuffed in $54m fraud probe

Police in Hong Kong have arrested a Chinese man on charges of laundering the proceeds of an online robbery that netted millions of dollars. In January, Austrian engineering firm FACC – which makes aircraft parts for the likes of Boeing and Airbus – admitted that it had lost up to €50m ($54m) after someone impersonating the CEO …
Iain Thomson, 26 Aug 2016

Brocade broadcasts financial success. Well, if you call an 89% profit drop 'success'

Helped by two months of Ruckus Wireless ownership, Brocade's revenues for the third quarter of fiscal year 2016 were up seven per cent annually to $591m, a 13 per cent quarter-on-quarter increase. The company posted profits of a paltry $10.5m, 89 per cent down on the year-ago quarter's $91.7m, and 23.3 per cent less than the …
Chris Mellor, 26 Aug 2016
Cable confusion, image via Shutterstock

Larry Page snuffs out ‘too expensive’ Google Fiber project

Google is drastically scaling back its Fiber initiative because it’s too expensive – and only a fraction of the expected subscribers ponied up. Insiders speaking to The Information suggest it had only signed up 200,000 subscribers, far short of the trajectory needed to achieve 5m in five years. The publication also reports …
Andrew Orlowski, 25 Aug 2016

Tech Data swings and misses Wall Street moneymen's target

Tech Data's latest quarterly financials show a distributor wrestling with “weaker than expected” IT spending and trying to dip into “pockets of demand” across Europe and the Americas. The world’s second largest tech wholesaler filed turnover of $6.4bn for Q2 of fiscal year 2017 ended 31 July. This was down three per cent as …
Paul Kunert, 25 Aug 2016
francis_maude_flames_evil depts in post-Mad Frankie Maude landgrab over IT spending controls

Analysis Government departments are winning significantly more exemptions to splash the cash on expensive IT projects since the departure of former Cabinet Office minister Francis “Mad Frankie” Maude last year, according to a Register analysis. The Department for Work and Pensions alone was given the green light for £200m in IT …
Kat Hall, 22 Aug 2016

DVLA misses out on £400m in tax after scrapping paper discs

The UK's Driver and Vehicle Licensing Agency (DVLA) collected £400m less in tax during the first 12 months of moving paper tax discs online, according to a Freedom of Information response. From October 2014 to September 2015, the DVLA collected £5.71bn in vehicle excise duty, £412m lower than in the previous 12 months - …
Kat Hall, 19 Aug 2016
Diver, image via Shutterstock

Windows Phone dives into irrelevant-like-BlackBerry territory

BlackBerry and Microsoft have continued their tumble down the mobile operating system market share charts, clocking in at just 0.1 per cent and 0.6 per cent respectively. Microsoft's fallen especially hard: analyst firm Gartner had it selling 8.2 million phones for 2015's second quarter, for 2.5 per cent market share. The …
Simon Sharwood, 19 Aug 2016
SGI in Jurassic Park

OMG: HPE gobbles SGI for HPC. WTF?

Hewlett Packard Enterprise has bought venerable computing firm SGI – formerly Silicon Graphics – for $275m. Over the past few years, SGI has concentrated on the big-iron end of the server market and high-performance computing. It's this technology that HPE wants to bolster its hardware lineup. "At HPE, we are focused on …
Iain Thomson, 11 Aug 2016

Imperva under pressure to find buyer after disappointing results

An activist investor is reportedly pushing data centre security firm Imperva to find a buyer following disappointing financial results. Cisco Systems, IBM, Raytheon or Symantec are touted as potential suitors of the Israeli entrepreneur-founded firm, which markets Web Application Firewalls and DDoS mitigation services. …
John Leyden, 11 Aug 2016

Microbes that laugh at antibiotics: UK sinks £4.5m into China-Brit kill team

British research councils are attempting to tackle the rising problem of microbial resistance by pumping £4.5m into six research partnerships between the UK and China. The Biotechnology and Biological Sciences Research Council, The Economic and Social Research Council and the Medical Research Council will be funded under the …
Katyanna Quach, 11 Aug 2016