Articles about Acquisition

Raspberry Pi Zero

Avnet sees Dätwyler's bid for Raspberry Pi slinger, raises to £868m

Avnet, the American technical component distributor, has come in at the 11th hour to outbid an existing offer for Premier Farnell, distributors of the Raspberry Pi. Farnell was all set to be sold to Swiss group Dätwyler Holding for £792m, including debt, but a new offer from Avnet with an enterprise value of £868m has now been …

O2 sales dip 9% as tight-fisted Brits cling to their old handsets

Sales at O2 UK fell by 8.9 per cent to €3.46bn (£2.91bn) for the first half of the year, as customers opted to hang on to their old handsets rather than upgrade. Sales for the quarter fell even further by 12.3 per cent year-on-year to €1.71bn (£1.4bn). However, Philip Carse, an analyst at Megabuyte, notes that, given the weak …
Kat Hall, 28 Jul 2016
Comically sad tearful man doing fake-looking wail of despair. Photo by Shutterstock

Boo hoo. Brexit to hit Capita's bottom line

Outsourcing giant Capita has hinted that the UK's decision to leave the EU will have an impact on its bottom line, while recording a sales increase of 5 per cent to £2.4bn for its first half-year results. Profit before tax rose by 27 per cent to £186.1m, compared with the same period in 2015. Andy Parker, chief exec of Capita …
Kat Hall, 27 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 …
Lady  standing on a hand with a megaphone shouting into mans ear

QLogic boosted profits 700% in a year. What's that chomping sound?

In its last quarter as an independent company, QLogic grew revenues 2.6 per cent and profits by 700 per cent in a year. Its future lies inside Cavium and it has to deal with a declining Fibre Channel business. Revenues of $116.4m were ahead of the year-ago $113.4m but down on the seasonally-higher prior quarter’s $119.4m. Net …
Chris Mellor, 27 Jul 2016
Verizon corporate building

Verizon blames striking workers for dent in sales

Fresh from its $4.8bn acquisition of Yahoo!, Verizon says its sales dropped five per cent year-on-year in its latest quarter, the three months to the end of June. Essentially, US telecom giant's wireless and wireline revenues fell over the year-ago quarter. Here's a summary of VZ's Q2 2016 results: Revenues of $30.5bn were …
Shaun Nichols, 26 Jul 2016
big dog little dog, image Shutterstock

ClusterStor is clearly alive (but Havant's still closing) – Seagate VP

Seagate's ClusterStor arrays do have a future, despite the company's PR side refusing to answer a direct question about them. After Seagate spokespeople declined to comment on the matter, Ken Claffey, veep and general manager of the company's SSG unit got in touch. He had this to say about the Havant factory closure in the UK …
Chris Mellor, 26 Jul 2016
Poison pill

Micron sets a canary to watch over its stock in case of takeover

A filing in the Securities Exchange Commission has set the hounds running on speculation that Micron Technology is the latest takeover target in the ongoing consolidation of the chip business. The filing, in the arcane language of SEC documents, gets to the point in this statement: “[N]o person will become an Acquiring …
Surface_ripples

EMC XtremIO has its quirks but rumours of its death are overblown

Comment A rumour from last week implied EMC was considering shutting down its XtremIO product line. How likely is it – and is there any basis to EMC taking this direction? The rumour seemed to come from a number of separate parties, although we can’t exclude a clever viral marketing campaign from a competitor. XtremIO history EMC …
Chris Evans, 25 Jul 2016

Yahoo! She said yes. Verizon confirms $4.8bn acquisition

Verizon has today confirmed it will splash out $4.83bn (£3.7bn) buying Yahoo, with the deal expected to close in the first financial quarter of next year. The telco was one of 40 suitors rumoured earlier this year to be interested, including Google parent Alphabet, Time and even Daily Mail parent DMG. Yahoo! has been on a …
Kat Hall, 25 Jul 2016
Fibre, image via Shutterstock

Not-BT-Openreach' biz CityFibre sextuples pipeline

Cable-layer CityFibre has booked a six-fold increase in contracts during its first half of 2016, with £53.8m in the pipeline compared with £8.1m for the same period last year. New contracts signed in the period comprise 3,702 new customers, more than three times the total amount on the books in 2015 (1,110), and more than …
Kat Hall, 25 Jul 2016
Dell e-commerce site

Revealed: How Dell can afford $67bn for EMC – by selling $650k laptops

World exclusive Dell's ingenious strategy for financing its audacious $67bn acquisition of EMC is a secret no more. Dell is already facing a staggering debt mountain to fund the takeover. Now a crack Reg investigative team can reveal that the Round Rock computing giant has an ambitious plan in place to raise the cash necessary for the deal …
Shaun Nichols, 22 Jul 2016

Yahoo! sale! almost! done!

The long-running saga over the fate of Yahoo! may be nearing its end. A report from Bloomberg suggests that Verizon is in the final stages of acquisition talks with the embattled web pioneer. The deal would reportedly top out at around $5bn, which may or may not include the huge tracts of Silicon Valley real estate Yahoo owns …
Shaun Nichols, 22 Jul 2016
Twilight Zone, 'Time Enough At Last'

Free Windows 10 upgrade: Time is running out – should you do it?

Microsoft's free Windows 10 upgrade offer runs out this Friday, 29 July 2016, one year after the initial release, and a few days before the Anniversary Update. "This is more than a one-time upgrade: once a Windows device is upgraded to Windows 10, we will continue to keep it current for the supported lifetime of the device – …
Tim Anderson, 22 Jul 2016
Mellanox bluefield

Mellanox plans to SoC it to storage speed with Multi-ARM BlueField

InfiniBand and Ethernet adaptor biz Mellanox has storage acceleration SoCs coming to provide faster external array access across NVMe fabrics. Mellanox CEO Eyal Waldman talked about NVME over Fabrics (NVMeF) in his company's second quarter 2016 earnings call. His company makes InfiniBand and Ethernet networking devices, and is …
Chris Mellor, 22 Jul 2016

Ingram Micro and Tianjin Tianhai: Go on, PROBE us

Ingram Micro and the Chinese logistics giant Tianjin Tianhai that wants to buy it confirmed they are to submit the proposed $6bn bid for review to the Committee of Foreign Investment in the United States. This is an about-turn because Ingram - the world’s largest tech distributor - previously said the deal would not “fall …
Paul Kunert, 22 Jul 2016
Burning money, photo via Shutterstock

AT&T: Money? Oh, sure, no I'm fine – I'm doing great (if you ignore my phone business)

AT&T says wireless revenues are down in what was an otherwise solid quarter for the US telecom giant. Its second quarter of 2016 [PDF] period was, overall, a success thanks to solid returns from the newly-acquired DirecTV. They were, however, tempered by falling revenues in other areas. Quarterly revenues were $40.5bn, up 22 …
Shaun Nichols, 21 Jul 2016
Shouting match

XtremIO heading for the bin? Total BS, thunders CTO Itzik Reich

Storage industry jungle drums heard by El Reg suggest EMC is axing XtremIO product line development and putting it into maintenance mode due to scalability and data availability issues. EMC vehemently denies this, saying it's absolute FUD. Three independent sources say XtremIO is headed for a maintenance-only retirement home …
Chris Mellor, 21 Jul 2016

Bosses at UK infosec biz Quadsys confess to hacking rival reseller

Five men working at UK-based IT security reseller Quadsys confessed today to hacking into a rival's database. Owner Paul Streeter, managing director Paul Cox, director Alistair Barnard, account manager Steve Davies and security consultant Jon Townsend appeared before the beak at Oxford Crown Court. "All pleaded guilty to …
Paul Kunert, 21 Jul 2016

Whoa! Shanghai Stock Exchange delays $6bn Ingram Micro takeover

Tianjin Tianhai, the Chinese logistics giant, has delayed next week’s shareholder meeting to rubber stamp the $6bn takeover of Ingram Micro as it gathers data requested by the Shanghai Stock Exchange (SSE). Tianjin Tianhai, owned by the conglomerate HNA Group, revealed in February its intended acquisition of Ingram, the world …
Paul Kunert, 21 Jul 2016

Speaking in Tech: Hyperconvergence hype, Microsoft, ARM and more

Podcast speaking_in_tech Greg Knieriemen podcast enterprise This week our intrepid podcasters Sarah, Ben and Amy dish up Silicon Valley product placements, ARM's acquisition and Microsoft’s big quarter. Their special guest this week is Jason Collier, co-founder of Scale. The details… (1:00) Scratchy Ben and Aloha Greg (3:30) HPE …
Team Register, 21 Jul 2016

Everyone's favorite infosec biz – Blue Coat – must cough up $40m to rival in patent rip-off row

Blue Coat has lost its appeal challenging a nearly $40m patent infringement lawsuit brought by rival security company Finjan. The California Northern District Court upheld the 2015 jury decision awarding $39,528,487 to Finjan for infringement by Blue Coat on five of its patents: 6,804,780 identifying downloadable files 6, …
Shaun Nichols, 20 Jul 2016
Profits down, image via Shutterstock

Logicalis: Top line shrinks as UK restructuring continues

Restructuring at Logicalis that weighed heavy on the integrator’s financials in recent times will be over and done with at some point before the, er, end of next February. Datatec, the London-listed parent of Logicalis and networking and comms distie Weston, today issued a heads up for first quarter trading ended June - sales …
Paul Kunert, 20 Jul 2016
Man loads in blanket into the washing machine. Photo by Shutterstock

Kaminario flashes service guarantees

Kaminario, the all flash storage array vendor, has come up with six individual guarantees - assurances - that build on its original 2013 Perfomance Consistency Guarantee programme. Basically, Kaminario says you're safer buying K2 arrays in performance and maintenance cost terms than other arrays. These kinds of flash array …
Chris Mellor, 20 Jul 2016
Microsoft CEO Satya Nadella

Microsoft Azure doubles up to $800m a quarter – and is wiped out by dying phone sales

Analysis All eyes were on Microsoft's cloud business today as it published its fourth-quarter and full-year financial results. Amid the numbers, Redmond boasted that its Azure revenues from the quarter were up 102 per cent year-on-year – we estimate the cloud service's revenue to be about $800m in total for the period. Meanwhile, …
Iain Thomson, 20 Jul 2016
Vmware cloud logo

VMware executive shuffle

VMware has made a couple of executive changes. Cloud native applications general manager Kit Colbert has become CTO of the company's Cloud Platform Business Unit. The new gig, we're told by a VMware spokesperson, will mean Colbert “will be able to focus on his passion for technology, strategy and customers, while extending …
Simon Sharwood, 19 Jul 2016

Big Blue's boxes: No IBM storage numbers, but it's a drop

+Comment The storage hardware portion of IBM's quarterly revenues continued its long-term decline, with a 13 per cent annual drop. It's a nice welcome for incoming storage boss Ed Walsh with the storage hardware decline glaringly obvious. We don't know the storage software numbers within IBM's systems segment, and nor do we know …
Chris Mellor, 19 Jul 2016

Ex-CTO: Yes, Nutanix is buying PernixData

Exclusive PernixData's outgoing CTO and technology evangelist Frank Denneman says Nutanix has bought PernixData. Sources told us earlier this month that Nutanix was gobbling up Pernix, but neither company would confirm an acquisition was underway. Denneman has now told El Reg he has left PernixData, adding: "Nutanix has acquired Pernix …
Chris Mellor, 19 Jul 2016
boxing_santa_image_via_Shutterstock

VCs: Can't see an IPO or acquisition for your startup? Don't throw in the towel

Comment There surely must be an alternative to the two preferred exits for VC-backed startups – IPO or acquisition – in these times of near-VC funding drought and what seems like IPO fatigue. It used to be simple: build a storage startup that could take money and customers from the mainstream vendors, sit back and wait for competitors …
Chris Mellor, 19 Jul 2016

EMC: Sales flat but wallets fat. Ready to vote on the merger?

EMC-Dell deal EMC saw totally flat revenues in its second quarter but profits rose 19 per cent. It could have been better as late orders couldn't be fulfilled. Revenues were a straight $6bn, unchanged from a year ago but up 9.6 per cent sequentially. They were $5.9bn two years ago so EMC is arguably standing still revenue-wise. Net income …
Chris Mellor, 19 Jul 2016
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Security firm clarifies power-station 'SCADA' malware claim

Malware hyped as aimed at the heart of power plants is nothing of the sort according to security outfit Damballa, which has put its name to analysis claiming the "SFG" malware is run-of-the-mill code without sufficient smarts to target SCADA systems. The so-called SFG malware is the spawn of Furtim, and hit headlines as …
Darren Pauli, 18 Jul 2016
Chain expressing freedom (Stepph / Wikimedia)

VMware's past holds the key to the future of Microsoft's Azure Stack

By most accounts VMware's first stab at hyperconvergence, the EVO:RAIL software-defined Nutanix clone, was a decent set of software. But it failed, quickly, and has been quietly removed from the frontline. The reason why is simple: in its first incarnation VMware insisted that EVO:RAIL buyers acquire new vSphere licences. …
Simon Sharwood, 17 Jul 2016
Man looking up spiral staircase inside deltalis mountain data centre

Your next storage will be invisible (for a while)

In the last two or three years I've talked a lot about "Flash & Trash." A two-tier storage strategy to best cope with the increasing demand of high IOPS and low latency from primary applications on the one hand, and high capacity, associated with throughput at times, on the other. This kind of need depends on the type of …
CHILE -FEBRUARY 6: Moais in Rapa Nui National Park on the slopes of Rano Raruku volcano on Easter Island, Chile. Photo by Shutterstock

The History Boys: Object storage ... from the beginning

Backgrounder This is a terrific object storage history map from Silicon Valley object storage guy Philippe Nicolas*, who has put together a spreadsheet detailing the history of content-addressable storage (CAS**) – otherwise generally known as object storage. I have heard so many odd things about suppliers and technologies in this market …
Man with head in the cloud

Amazon acquires Cloud9

Amazon has acquired Cloud9 to bolster development offerings on AWS. The two companies announced the deal on Thursday, with Cloud9 CEO Ruben Daniels pledging to continue to develop the company's independent cloud developer tools while working under AWS. "It's still business as usual – we'll continue to work with our Ace Open …
Shaun Nichols, 15 Jul 2016

UK gov says new Home Sec will have powers to ban end-to-end encryption

IPBill During a committee stage debate in the UK's House of Lords yesterday, the government revealed that the Investigatory Powers Bill will provide any Secretary of State with the ability to force communication service providers (CSPs) to remove or disable end-to-end encryption. Earl Howe, a minister of state for defence and deputy …
Michael Dell, photo: Dell

Dell nominates new directors

Dell has nominated the three new directors it wants to sit on its board after the merger with EMC is complete. Ellen J. Kullman, William D. Green and David W. Dorman are its preferred trio. Kullman served as CEO and Chair of DuPoint and oversaw its acquisition of Dow Chemical, so obviously has experience Dell can tap at this …
Simon Sharwood, 12 Jul 2016
Johnny English

FBI arrests satellite engineer on charges of espionage

A US military contractor is alleged to have tried to sell Uncle Sam's satellite secrets to someone he thought was a Russian intelligence officer, the Feds claim. Gregory Allen Justice, 49, of Culver City, California, worked as a security tester on military satellites, including the GPS system, the Milstar military …
Iain Thomson, 11 Jul 2016
Gridstore HCA

Gridstore eyes up container upstart DCHQ

Updated Hyper-V-based hyper-converged startup Gridstore is in talks to buy DCHQ. Gridstore had hoped to formally announce the acquisition today, but told The Register the deal is still being worked out. It also considered renaming itself Hypergrid after completing the transaction. Gridstore pressed the eject button for CEO George …
Chris Mellor, 07 Jul 2016

EMC will hawk Dell's Nutanix-powered XC kit

Exclusive VCE president Chad Sakac has confirmed EMC will pick up Dell's Nutanix-powered XC hyper-converged system, even though EMC's own VxRail hyper-converged system sales are "on fire." VCE is EMC's Converged Platform Division, and – lest we forget – EMC is going to be gobbled up by Dell, which flogs Nutanix-powered XC gear. If that …
Chris Mellor, 07 Jul 2016
Artist's impression of the podule in flight, under the balloon. Pic: World View

Capacity limits are utter tosh: Toshiba fattens SSD, disk with flash layers, helium

Analysis Toshiba is looking to boosted flash and disk capacities to grow storage revenues and help returned the troubled company to growth. In a July 6 in-house presentation investor relations briefing by Yasuo Naruke, President and CEO of Toshiba’s Storage and Electronic Devices Solutions Company, information was revealed …
Chris Mellor, 07 Jul 2016
Phone cables, photo via Shutterstock

Comms intercept commish: There were some top secret orders

An oversight body has revealed that secretaries of state for the Home Office and the Foreign and Commonwealth Office have issued at least 23 secret orders to telecommunications companies on national security grounds since 2001. The Interception of Communications Commissioner’s Office (IOCCO) has today published its 55-page …

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

Avast woos AVG shareholders with $1.3bn buyout offer

Avast is offering to buy anti-virus rival AVG for $1.3bn. AVG shareholders are being offered $25.00 per share in cash, a 33 per cent mark-up on the closing share price on Wednesday. AVG, Avast and rival Avira are the three main players in the market for freebie anti-virus scanners for Windows. All make their money by offering …
John Leyden, 07 Jul 2016
Daisywheel with Courier font

WD expects good quarter

Western Digital Corp (WDC) expects revenues of $3.46bn in the just-closed quarter, instead of the forecast $3.35bn - $3.45bn range – $3.4bn at the mid-point. This is its fourth fiscal 2016 quarter and the first with SanDisk results included. CFO Olivier Leonetti is leaving on September 1, with chief strategy officer and EVP …
Chris Mellor, 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
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Nutanix gobbling Pernix – why not?

Comment Rumour has it Nutanix is talking to Pernix Data about a possible acquisition. It could be a good thing for Nutanix and, of course, its customers. All DCs are brown fields If Nutanix's masterplan is to become the management platform for any data centre, it has to expand its product line. It is already at it, as I wrote a few …

Sources: Nutanix poised to gobble PernixData

Exclusive Four independent sources say hyper-converged poster child Nutanix is buying hypervisor flash-cacher PernixData, thus gaining crucial technology to speed up its appliances. A Nutanix spokesman told us: "No comment." A PernixData spokesperson added: "We are not commenting at this time." A PernixData insider told The Register: " …
Chris Mellor, 01 Jul 2016
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Embiggening AWS doubles its UK sales to £254m

Cloud slinging (and tax avoiding) Amazon Web Services nearly doubled its revenue in the UK last year, pulling in £254m. According to analyst TechMarketView's annual Software, IT & Business Process Services (SITS) report, the cloudy biz pushed up sales locally by 45 per cent, a foothold that will likely increase once AWS sets …
Kat Hall, 01 Jul 2016
I quit

Azzurri CEO quits, will walk out sometime in 'summer'

The CEO of Maintel-owned Azzurri Communications, Chris Jagusz, is quitting in the summer but the company's new owners haven’t specified the exact departure date. Cloudy comms integrator Azzurri was acquired by Maintel in April for £48.5m and so it was only a matter of time before the exec exited once the handover period was …
Paul Kunert, 01 Jul 2016