Articles about 5m

ello

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
cloud

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
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 LobbyFacts.eu 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
slow_sign

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

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
BORDER_PROJECT_US

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
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
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 …
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

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 …

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

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 …
E-CAT

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” …

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 …
Cat on computer

Apple dealer CANCOM: We're RAKING IT IN

Apple dealer CANCOM has announced whopping third-quarter results, way in excess of the same period last year, citing that old favourite "solid business demand". The German firm has reported raking in €208.4m worth of sales revenue in the last quarter, compared with €142.3m during the same period in 2013. This all works out to …
Team Register, 30 Oct 2014
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 …
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

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
Comet Siding Spring from 8.5m kms out

MAVEN snaps eight-bit SPACE INVADER

Comet Siding springs is proving a tricky subject for photography. But surely humanity's robot observers can do better than the image below, snapped by the MAVEN orbiter at a distance of about 8.5 million kilometres and depicting the comet as a Space Invader. Comet Siding Spring from 8.5m kms out Comet Siding Spring seen from 8. …
Simon Sharwood, 24 Oct 2014
man_inks_deal_channel signs contract services

Clock's ticking for suppliers who want a piece of hot DWP action

The Department of Work and Pensions has issued a call to tech firms to provide and host a toolset for service integration and management functions in a gig worth up to £17.5m over the next three years. The contract notice posted on the Official Journal of the European Union today, part of IT Transformation Programme, gives …
Paul Kunert, 03 Sep 2014
GTA IV

GTA players get ersatz $0.5m each to make up for delayed hooker-beating fulfilment

The makers of Grand Theft Auto have apologized for teething problems in getting the online multiplayer version of the game up and running and are handing out half a million dollars of in-game currency to all players to make up for it. "In order to keep the current worldwide in-game economy balanced, we will be providing this GTA …
Iain Thomson, 11 Oct 2013
The Register breaking news

Sheryl Sandberg offloads $41.5m in Facebook shares in just 6 weeks

Facebook's Chief Operating Officer has divested herself of MORE Facebook shares, ditching just under a million on Friday and netting a cool $26.2m. A little something for Christmas, perhaps? It bumps up the total cash haul Sandberg has made from Facebook shares to $41.5m. That's all since the end of October when the directors' …
Anna Leach, 11 Dec 2012
grab_that_cash

Gov IT buying body: Mega hardware gig to save £6.5m in 2013

The forthcoming mega IT Hardware & Services public sector framework is expected to yield savings of £6.5m this year, according to Government Procurement Services (GPS). As exclusively revealed by The Channel weeks ago, 17 firms made the cut to bag a place on the provisional list of suppliers across the 12 lots – which include …
Paul Kunert, 29 Jun 2012
The Register breaking news

Mozilla gets away with $1.5m tax bill in Googlebucks settlement

Firefox maker Mozilla will cough up $1.5m after it came under scrutiny for insisting it shouldn't pay tax on the vast revenue it gets from Google. The non-profit organisation had argued that the search engine's contributions are royalties and therefore non-taxable. But on Saturday, Mitchell Baker - who is chairman of the …
Kelly Fiveash, 05 Nov 2012

HOW MUCH did WD pay for Skyera? Join the dots, work it out

Comment We at El Reg suggested yesterday, Monday, that WD paid up to $400m for the all-flash array upstart, but WD has since mailed us to say that's wrong. Jim Pascoe, WD's corporate marketing director, told us: "You estimated that Skyera had secured $90m-$100m of funding following on from seed finance. In fact, the total amount Skyera …
Chris Mellor, 17 Dec 2014
fingers pointing at man

NHS trusts offer £5m wad for pics and comms gear

Three health trusts in south-west England are seeking a new picture archive and communications system (Pacs). The five-year agreement, valued at a potential £5m, is being handled by Bristol and Weston NHS Purchasing Consortium on behalf of the North Bristol trust, University Hospitals Bristol foundation trust and Weston Area …
The Register breaking news

UK student in dock over Anonymous £3.5m PayPal attack

The trial of a British university student accused of participating in attacks by hacktivist collective Anonymous against the websites of PayPal and others has begun in London. Prosecutors say Christopher Weatherhead, 22, was studying at Northampton University when he allegedly took part in "Operation Payback", the packet- …
John Leyden, 23 Nov 2012
The Register breaking news

Nokia, Microsoft bung student mobe devs £7.5m to 'ideate'

Nokia and Microsoft are pumping €9m (£7.5m) into a university to promote app development and startups that'll feed their mobile tech alliance. Finland's Aalto University will receive the cash to fund a new software development programme called AppCampus over the next three years, the companies said Monday. The scheme aims to " …
Gavin Clarke, 26 Mar 2012
Fraud image

Dragons' Den man and co-CEO to work for FREE at loss-making Outsourcery

Outsourcery bosses Piers Linney and Simon Newton are relinquishing their salaries for the next 12 months in a bid to save the loss-making cloudy biz £500,000, the company told the stock market today. The desperate duo’s act is part of measures to find £4.5m in funds to keep the wolves from the door in the medium term, a move …
Paul Kunert, 14 Aug 2014

It's 2014 and people are willing to blow $6.8m on things like Z.com

Z.com has been sold for $6.8m (£4.3m, 800m yen) to Japanese domain biz GMO Registry, putting it in the top ten of all-time domain name sales. As one of only three single-letter dot-coms available – the others being Q and X – the domain was previously owned by Nissan (for its Z-series of cars) and will be used by GMO Registry to …
Kieren McCarthy, 21 Nov 2014
The Register breaking news

Investors toss $5m to UK firm: Just keep making that White Space kit

Cambridge-based developer of White Space kit Neul has raised another $5m to keep it operational while hardware improves, and Ofcom gets round to making its devices legal. The money follows the $12.8m which Neul has been spending since June last year, and comes from various investors including Mistui & Co. The money should enable …
Bill Ray, 06 Sep 2012
Ouya Android games console

Android games console scheme nets $2.5m

Ouya, the tablet-spec games console being pitched at Android hackers, has netted pledges of almost $2.5m in its first round of funding, organised through Kickstarter. That's more than double what the company was seeking. The machine is planned to be built around an Nvidia Tegra 3 processor, coupled with 1GB of Ram and 8GB of …
Tony Smith, 11 Jul 2012
World's largest billboard on New York's Times Square

Google bags OBSCENELY LARGE Times Square ad space for New Year's

Google is the first customer to book advertising space on a gigantic new billboard on Times Square, which has a going rate of more than $2.5m for four weeks. World's largest billboard on New York's Times Square The newly unveiled megascreen is currently showing a digital art exhibition until 24 November, after which the …
The Register breaking news

Apple coughs $5m for multitouch patents

Following more than 30 months of argument, Elan Microelectronics has announced that Apple will be paying it $5m for use of its multitouch patents. Elan filed its case back in April 2009, claiming it had been trying to negotiate with Cupertino for two years. It then took the complaint to patent watchdog the International Trade …
Bill Ray, 05 Jan 2012
Bungie logo

Activision may bung Bungie $2.5m ratings-based bonus

Halo developer Bungie's lucrative ten-year deal with games publisher Activision has been made public, revealing the coder is set to receive an unprecedented bonus should its next title win critical acclaim. The studio will pocket a tasty $2.5m (£1.6m) bonus if the game in development, dubbed Destiny, though that's probably just …
Caleb Cox, 22 May 2012
Love

Dating website for damaged-stiffy sufferers suffers stiff damage: £10m bill for leak

PositiveSingles, a dating website for people with sexually transmitted diseases, is facing a $16.5m (£10.4m) bill – after breaking a promise to keep its users' sensitive info confidential. The site is part of an online network for lonely hearts run by Canadian firm SuccessfulMatch. It promised users that the site was "100% …
Iain Thomson, 07 Nov 2014

Brit telco goes shopping again, tosses Telindus UK into trolley

British telco telent has hoovered up troubled network service provider Telindus UK for an undisclosed sum, its second major acquisition this year, as market convergence moves gains pace with cloud seemingly the meeting point. This is the latest carve up of the Telindus Group, owned by Belgacom, with the Spanish and Irish ops …
Paul Kunert, 04 Nov 2014
The Register breaking news

Google pays just $22.5m to FTC over Safari tracking blunder

As expected, Google has agreed to pay the US Federal Trade Commission a paltry penalty of $22.5m for its sneaky bypassing of the default privacy settings of Apple's Safari browser. The consumer watchdog confirmed in a statement today that Google had settled on charges that it "misrepresented privacy assurances to users" and …
Kelly Fiveash, 09 Aug 2012
The Register breaking news

Craig Wireless splashes $US5.5m on Woosh

New Zealand wireless ISP, Woosh, has been snapped up by Californian headquartered telecommunications company Craig Wireless Systems for $US5.5m. Under the deal, Craig Wireless subsidiary Craig Wireless South will take on Woosh’s debt from investors Kuwait Finance House, New Zealand Australia Private Equity Fund, and Bridge Ltd …

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