Articles about 9m

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nbn™ says nobody needs gigabit internet, trumpets XG-Fast at 8Gbps anyway

nbn™, the organisation building and operating Australia's National Broadband Network (NBN), has announced trials of fibre-to-the-curb and broadband-over-copper technology XG-fast that hit 8Gbps on 30 metres of copper in lab trials. It's also done tests that produced “5Gbps peak aggregate speed being achieved over 70 metres of …
Simon Sharwood, 17 Oct 2016

Exertis gets claws in Hammer for undisclosed sum

DCC Technology today confirmed its subsidiary, Exertis, has gobbled specialist storage and lesser known server distie Hammer for an undisclosed sum, which should help ease recent top line pressures. Hammer trades with “almost” 1,000 reseller, system integrator and cloud service provider punters, selling infrastructure gear …
Paul Kunert, 14 Oct 2016

Barracuda's satisfying cloud meal offsets appliances dip

Barracuda can smile as another solid quarter's work, the appliance of cloud science as we might say, brings in revenue growth and profits. Total revenue for the cloud-using, data protection and security business grew 12 per cent year-over-year to $87.9m, compared to the estimated $81m at the end of the last quarter. Revenues …
Chris Mellor, 13 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
Suitcase full of money

Misys in £5.5bn IPO

Misys, the banking software firm, is returning to the London Stock Exchange four years after it was bought by a private equity firm. The company aims to raise £500m at a price valuing it at £5.5bn. Since delisting in 2012, Misys has restructured and merged with Turaz, the former risk management software division of Thomson …
Drew Cullen, 06 Oct 2016

Today's fruitless cash-chuck

UK businesses doubled security spending last year without seeing any tangible returns. Average UK security spending last year doubled last year from £3m to £6.2m (nearly 60 per cent higher than global average - £3.9m), according to PwC. Despite this increased investment 18 per cent of UK organisation still don't know how many …
John Leyden, 06 Oct 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
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

Tech Data to slurp Avnet TS for $2.6 BEEELLLION

Tech Data is to buy Avnet Technology Solutions for $2.6bn in a deal that, when completed, will create the chunkiest enterprise IT distie on the planet. Under the terms of the transaction, Tech Data will stump up $2.4bn in cash and 2.785 million of its shares (roughly seven per cent of the ownership position), the US companies …
Paul Kunert, 19 Sep 2016

Midwich slurps Euro and Kiwi AV disties

Midwich has confirmed to the London Stock Exchange a couple of acquisitions in the AV distributor market. The Diss-based firm, itself a wholesaler of AV and document “solutions”, floated on AIM in early May with the proceeds going to selling shareholders, to pay down debts and to fund the buy of Kern & Stelly. In today’s …
Paul Kunert, 08 Sep 2016
Florian Lukavsky, director, SEC Consult Singapore. Image: Interpol World.

Hacker takes down CEO wire transfer scammers, sends their Win 10 creds to the cops

HITB Florian Lukavsky hacks criminals profiting from out-of-control multi-billion dollar CEO wire transfer scams ... and they hate him for it. The director of SEC Consult's Singapore office has made a name striking back at so-called "whaling" scammers by sending malicious Word documents that breach their Windows 10 boxes and pass …
Darren Pauli, 06 Sep 2016

Pure Storage notches up a 93 per cent growth rate. Not bad, not bad

Pure Storage grew revenues 93 per per cent year-on-year in its second fiscal 2017 quarter to a record $163.2m, achieving an annual run rate of $650m; the billion looks attainable. NetApp's all-flash array run rate is about $775m while EMC's is a past a billion dollars. The net loss was $59.6m, $4.2m less than a year ago and $3 …
Chris Mellor, 26 Aug 2016
Smartphone user photo via Shutterstock

iPhone: Apple's Mac battle with Windows rebooted

Apple under Tim Cook has delivered six new makes of iPhone, with a further four derivations based on the overall brand. The future, according to Cook this week, looks an awful lot like Apple’s recent past – especially if you happen to live in India, which is the new China in terms of tech firms looking to tap a vast and …
Gavin Clarke, 19 Aug 2016

Summer of Salesforce: CRM cloud swallows tiny pattern-recog firm

Salesforce has made its second acquisition of the month, and its fourth since June. The CRM-as-a-service player is buying business analytics provider BeyondCore for an undisclosed sum. BeyondCore examines data sets using pattern-recognition technology using a set of patented algorithms that combine machine learning and …
Gavin Clarke, 16 Aug 2016

Vivaldi's tweaky grinders fire out another release: Add themes, security

The Vivaldi browser continues its rapid progress its third release in four months. The new binary largely contains bug fixes, with theme support the biggest new feature. In addition to the eight default themes you can add your own. Version 1.3 adds more mouse gestures – there are now more than 90 browser actions available …
Andrew Orlowski, 12 Aug 2016

Dota 2 forums fall under hackers' spell, 1.9m accounts teleported out

The chat forums for Valve’s multiplayer fantasy battle game thing Dota 2 have been hacked, it appears. The security breach – which apparently happened on 10 July but has only just come to light via Leaked Source – exposed more than 1.9 million account records containing email addresses, IP addresses, usernames and passwords. …
John Leyden, 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

Avnet CEO: Sales down, profits down, but we dumped $70m in cost

Bill Amelio might be the new interim exec holding high office at Avnet but the messages he delivered as the distie reported another quarter of falling sales were all too familiar - define the strategy and cut costs. The industry old timer, a former chief exec at Lenovo, was made top dog at Avnet on 11 July, though he can’t …
Paul Kunert, 10 Aug 2016

'Worldpay hacker' sent to US

An alleged hacker from the Czech Republic has been transferred to the US to face multiple criminal charges stemming from international ATM robberies. Evgeny Tarasovich Levitskyy, 31, has been charged with multiple counts of fraud and conspiracy. He faces a maximum of 30 years in prison and millions of dollars in fines if …
Shaun Nichols, 10 Aug 2016

Dear Imation. It's always darkest just before it goes pitch black

Nexsan-owner Imation's second quarter of 2016 marked its tenth straight quarterly loss. But hey, at least it was the smallest loss of the ten. Revenue from the three months to June 30 was $10.6m, down 37 per cent from the year-ago quarter's $16.9m, and a smidge less than the prior quarter's $10.7m. Imation said this was due …
Chris Mellor, 08 Aug 2016
Close up of elephant's face. Photo by Shutterstock

Hortonworks losses deepen despite growth in subscription sales

Operating losses at Hadoop-flinger Hortonworks deepened to $64.3m (£49.3m), compared to a loss of $42.9m (£32.9m) during the second quarter last year. It's not looking good for Big Data. Revenue at the firm, however, increased by 46 per cent to $43.6m (£33.4m) for its second quarter of fiscal year 2016, compared with the same …
Kat Hall, 05 Aug 2016
Man counts pounds and pence. Photo by Shutterstock

Post-Brexit spending freeze in UK is real, says enterprise distie titan

Arrow Electronics Inc’s Enterprise tech division in Britain was struck by delayed spending among customers following the outcome of the EU Referendum, the distributor’s chief bean-counter claimed last night. CFO Chris Stansbury estimated “late purchases and weakening of accounts” after the 24 June vote “negatively impacted our …
Paul Kunert, 03 Aug 2016
Imaging data concept illustration. Photo by Shutterstock

Loss-making data-viz biz to investors: You know what our problem is? We did too well

Data visualisation business Tableau has told investors its losses have more than doubled because it did too well in Q2. The Seattle-based company, which made its initial public offering on the New York Stock Exchange in 2013, reported a 260 per cent increase in operating losses, from $17.9m to $46.9m, while total revenue grew …
British sterling in flames

Outsourcery burned through more than £20 MEEEELLION in cash before it crashed

Defunct cloud infrastructure and apps provider Outsourcery Plc attracted interest from 12 bidders before it was offloaded to GCI Telecom for £4m, in a pre-pack administration handled by EY. The Statement of Affairs filed at Companies House revealed the final weeks of the failed Manchester-based, AIM-listed corporation that …
Paul Kunert, 02 Aug 2016

What's on a road to nowhere? Ingram's Q2 numbers

Ingram Micro outlined progress, or rather lack of it, when it reported calendar Q2 numbers last night and did little to convince financial markets - including Shanghai’s Stock Exchange - that it is a business going places fast. The world’s largest tech distributor said revenue for the three months ended 30 June were down four …
Paul Kunert, 29 Jul 2016

Quantum leap: A good quarter for disk backup gear, and yeah tape's OK

Quantum’s first fiscal 2017 quarter – the three months to June 30, 2016 – showed revenue growth as the tape market stabilized and big deals came good. Revenues of $116.3m were five per cent higher than last year’s $110.9m. There was a net loss of $3.8m, better than the $10.8m loss recorded a year ago and the unfortunate $52.4m …
Chris Mellor, 29 Jul 2016
Close up of etched silicon

Brit chip bods ARM quietly piling up cash. Softbank will be happy

Cambridge-based processor design business ARM has posted substantial revenue and profit increases for the months in the runup to the Brexit vote. The company being bought by Japanese megacorp Softbank for £24.3bn, though Softbank has promised that this will be a Brexit in ownership only. ARM will retain its "senior management …

Commvault's growing, even if profits dipped into losses this quarter

Commvault has sustained its recovery for a third quarter although it has recorded a loss after a much smaller income tax benefit was applied than a year ago. The first fiscal 2017 quarter saw a 9.6 per cent rise in Commvault's revenues to $152.4m: they were $139.1m a year ago, and $159.6m in the seasonally higher preceding …
Chris Mellor, 26 Jul 2016
Pennies in a jar. Photo via Shutterstock

Three pence in a pound awaits Steljes' trade creditors

Unsecured creditors of audio visual distributor Steljes that are owed £6.72m by the fallen specialist will likely receive just three pence in the pound, according to the company’s administrator. Steljes collapsed in late May after cash flow dried up and directors were forced to call on AlixPartners, which decided the only …
Paul Kunert, 19 Jul 2016

Infosec bods NCC walk away from the domain services biz

UK-based infosec consultancy NCC Group is withdrawing from the domain services biz while retaining domain security capability. The tactical switch was announced as NCC reported revenues up 56 per cent to £209.1m in the 12 months to 31 May 2016, compared to £133.7m in its previous financial year. NCC’s adjusted pre-tax profits …
John Leyden, 07 Jul 2016
High-tech startup-rich neighbourhood Herzliya Pituach, Israel. Pic by InnaFelker, editorial use only via Shutterstock

Israeli tech firms make their exits, stage rich

Israeli hi-tech companies rang the tills with exits adding up to $3.3bn in the first half of 2016. A total of 45 hi-tech firms completed exit deals that averaged $74m, according to a study by IVC Research Center and law firm Meitar Liquornik. Increased difficulties in raising capital, particularly in the United States and …
John Leyden, 06 Jul 2016
MIPS Creator CI20 development board

Not your Imagination: Britain’s other chip giant posts biggest ever loss

The UK’s other chip designer, Imagination, posted a £63.2m loss before tax for the year to April 2016 as it radically restructures its business. DAB radio business unit Pure Technologies, which has been up for sale but with no buyer yet, contributed £7.9m to the loss on revenues of £18m. The IMG Systems services unit is also …
Andrew Orlowski, 05 Jul 2016

Crown Commercial Services is to slap SMEs with price hikes

Government procurement body the Crown Commercial Service is to start hiking up the amount it charges suppliers to sell stuff to the public sector. CCS already pockets fees from government frameworks – last year taking a cut of £72m from the £15bn total managed spend it facilitated. However, it will now more heavily rely on …
Kat Hall, 04 Jul 2016
Lawyer up

Broker DP Data shuts up shop after HP's lawyers took a bite out of them

Grey broker DP Data Systems is facing a trademark infringement case brought by Hewlett Packard that ultimately convinced management to pull down the shutters, the business has claimed in its latest financial filing. As exclusively revealed by El Reg, the Manchester based wholesaler of HP, Cisco, IBM, Juniper and Lenovo shut up …
Paul Kunert, 30 Jun 2016
EIB, photo by EIB

EU Investment Bank will honour pre-Brexit deals – but don't gamble on new ones happening

The EU bank that has poured more than £34bn (€42bn) over 10 years into UK projects will honour its existing deals in the wake of last week’s Brexit vote. Projects signed off on in fields such as engineering, education and R&D are not in jeopardy, the European Investment Bank has told The Register. The EIB’s most recent …
Gavin Clarke, 30 Jun 2016
Jason Chen, Acer CEO shakes hands with Starbreeze exec

Acer VR punt

Acer is lending StarBreeze, a Swedish games studio, $9m through a bond issue to help develop a virtual reality head-mounted display. The Taiwanese PC maker is also setting up a JV with Starbreeze to bring the StarVR to market ®. Jason Chen, Acer CEO shakes hands with Starbreeze exec
Drew Cullen, 28 Jun 2016
Tabby cat cuddles roll of one-hundred dollar bills. Photo by Shutterstock

Maplin Electronics demands cash with menaces

The private equity profiteers behind Maplin Electronics have turned the screws on suppliers to hand over bigger rebates to help pay for physical and digital store improvements or risk having their kit sidelined. The geek fiddlers emporium was sold to Rutland Partners for £85m almost two years ago when the investor promised “ …
Paul Kunert, 23 Jun 2016
China keyboard, image via Shutterstock

Shareholders rubber-stamp Ingram Micro $6bn sale to Chinese firm

US-headquartered Ingram Micro edged closer to Chinese ownership last night when shareholders voted overwhelmingly to accept Tianjin Tianhai’s $6bn offer. The mega bid for the world’s largest tech distributor was made in February by the Far East company, a subsidiary of HNA Logistics which is itself a division of conglomerate …
Paul Kunert, 22 Jun 2016
Cloudy sky

Wanted: New cloudy head for 37 hour week, £90k salary

The UK government is hiring a Digital Marketplace director who will pocket £90,000 a year with a budget of £3.9m to lead a team of 38 digi procurement bods. The Digital Marketplace is intended to be provide an online portal for various digital government procurement departments to buy new code. The director will also be …
Kat Hall, 22 Jun 2016

Trustmarque has been sold yet again – this time to Capita for £57m

Capita has acquired Microsoft licensing house and managed services biz Trustmarque for £57m in cash – the fourth time the company has changed hands in three years Trustmarque, part of the Liberata Group, was rolled onto the market in February by parent Ardbid Ltd, appointing investment bank William Blair to find a buyer, as we …
Paul Kunert, 21 Jun 2016

TalkTalk CEO Dido Harding pockets £2.8m

Dido Harding, the chief exec of beleaguered firm TalkTalk, was handed £2.8m in salary this year, despite the company suffering a catastrophic cyber attack last year. The payout included base salary, shares and cash – the latter being related to performance targets between 2012-2015, the biz said in its annual report today. …
Kat Hall, 20 Jun 2016

Woah: NetApp is number two in the all-flash market, says IDC

NetApp is now second in the all-flash array market, according to IDC numbers we have been given. The numbers are for vendor revenues and the first quarter of 2016. The figures show NetApp having $181.1m revenues and a 22.8 per cent share, second to EMC’s $245.6m and 30.9 per cent share. It grew its all-flash business 238 per …
Chris Mellor, 08 Jun 2016

Is that how you define a flash array, IDC?

Comment An IDC all-flash array (AFA) supplier numbers table, forwarded to us by EMC, appears to contain a few oddities, such as the exclusion of Dell, HDS, Kaminario and Violin products. We asked IDC and it has explained its reasoning. Our question to IDC was this: "The table doesn't mention Dell, HDS, Violin or Kaminario. That's odd …
Chris Mellor, 08 Jun 2016

SCC blows up tech sevices balloon, fiscal '16 profits swell

‘Thank god for our IT services biz’ might be the general sentiment expressed by top brass at SCC after another year when the shelf life for firms reselling hardware and software got a little shorter. Services might not be coming good for all IT vendors - for that see the gloom at some of the majors - but they accounted for the …
Paul Kunert, 06 Jun 2016

Microsoft's biggest UK reseller flashes fuller figures for '15

Microsoft licensing mountain Trustmarque won’t have done its chances of snaring a new private equity backer any harm by pushing out a decent set of trading figures for calendar year 2015. The York-based reseller, which merged with sister biz TES at the start of last year, reported turnover of £191.9m, up eight per cent on a …
Paul Kunert, 06 Jun 2016
Traffic in Saigon. Pic: "M M"

Midlands tech dynasty SCC bypasses Europe, opens service centre in Vietnam

Services-based reseller SCC has complained a dearth of skilled techies that come at competitive rates in Europe has forced it to look east: a service delivery centre is set to open in Vietnam. Talking to El Chan, SCC chief exec James Rigby said it already has up to 1,000 workers based at a delivery centre in Romania, but “ …
Paul Kunert, 06 Jun 2016
big dog little dog, image Shutterstock

IDC rolls out all-flash crystal ball again and it's all gone a bit weird

IDC has issued all-flash array revenue numbers showing EMC is the belle of the AFA ball, with Pure fourth in the market, behind EMC, IBM and HPE, while NetApp and Huawei are wallflowers. The numbers more or less agree with Gartner’s all-flash array (AFA) supplier revenue shares published in April, but differ in detail. We …
Chris Mellor, 01 Jun 2016

Scale Computing is a tiny fish in a small pond. Fancy its chances?

Comment Scale Computing is one of 13 suppliers attacking the hyper-converged infrastructure market. Not all will survive. What has it got that makes it distinctive and gives it the potential for success? Scale’s difference is based on its SMB customer approach, meaning low-cost and simplified admin, and cleaned up IO stack. This, it …
Chris Mellor, 31 May 2016
management governance3

Tech spending in Europe is slowing, a fatter Tech Data belches

Tech Data has said it is countering the slowdown in IT spending across Europe by nabbing market share from Ingram Micro rivals, though it stopped short of naming those leaky ships it is pinching business from. The IT distie titan reported group sales of $6bn, up one per cent year-on-year for Q1 ended 30 April; revenues in the …
Paul Kunert, 27 May 2016
Train wreck

The screeching of Violin Memory's parting strings is horrible

Another great quarter. Not. Violin Memory made a paltry $9.7m in revenue and posted a $22m loss for its first fiscal 2017 quarter. Revenues were down 20 per cent on the year-ago quarter and 11 per cent on the previous quarter, the fourth fiscal 2016 quarter, when revenues of $10.9m and losses of $25.5m were followed by lay- …
Chris Mellor, 27 May 2016