Articles about Acquisition

Tightrope walker master of balance

China and Russia aren't ready to go it alone on tech, but their threats are worryingly plausible

Feature China and Russia are populous, wealthy nations that the technology industry has long-regarded as exceptional growth prospects. And then along came Edward Snowden, whose suggestions that American vendors were complicit in the United States' surveillance efforts gave governments everywhere a reason to re-think their relationship …
Simon Sharwood, 07 Dec 2016

Microsoft says LinkedIn will make Trump, Brexit, voters feel great again

Microsoft says buying LinkedIn will help to address the middle class discontent that saw Britain vote to leave the European Union and America vote to leave politics as we know it behind by electing Donald Trump. The company has expressed that sentiment in its post announcing the European Commission's approval of its …
Simon Sharwood, 07 Dec 2016
Dell EMC Frankenstein's Monster

Two top EMCers bail from Dell EMC

Two of EMC's most senior product line executives have resigned, deciding that Michael Dell's Dell Technologies and the David Goulden-run Dell EMC business unit is not their ideal future workplace. The two are Core Technologies Division President Guy Churchward and Emerging Technologies Division President CJ Desai. Churchward …
Chris Mellor, 07 Dec 2016

Android, Qualcomm move on insecure GPS almanac downloads

Nearly a decade after it introduced assisted-GPS in its mobile chipsets, Qualcomm has squished a bug that allowed miscreants to mess around with people's location services, or crash their phones. In 2007, Qualcomm made GPS signal acquisition faster by using an almanac of satellites. Instead of having to acquire signals blindly …

Broadcom quietly dismantles its 'Vulcan' ARM server chip project

Broadcom is shutting down efforts to develop its own server-class 64-bit ARM system-on-chip, multiple sources within the semiconductor industry have told The Register. It appears the secretive project, codenamed Vulcan, did not survive Broadcom's acquisition by Avago and is gradually being wound down. Engineering resources …
Chris Williams, 07 Dec 2016

Verizon flogs off 29 data centers, pockets $3.6bn

Verizon has finalized a deal to hand over control of 29 data centers in the US and Latin America to Equinix, in a deal that will net the telco $3.6bn. The sell-off includes 24 customer-facing locations and is expected to close in 2017. After the hand-off, Verizon customers will be able to continue their managed hosting and …
Shaun Nichols, 06 Dec 2016

cat Infinit.tgz | docker import - Infinit:acquired

Docker, creator of easy-to-use software containers for applications and all-round DevOps darling, is adding a storage option to its software. On Tuesday, in a blog post, Docker founder and CTO Solomon Hykes announced the acquisition of Infinit, a Paris-based distributed storage startup. No price was disclosed. Infinit makes …
Thomas Claburn, 06 Dec 2016
Vocus Australia Singapore Cable

Vocus to build Singapore-Australia submarine cable

Junior telco Vocus has confirmed it will build a submarine cable linking Singapore and Australia, with a stop in the Indonesian capital Jakarta. The Australia-Singapore Cable will have capacity up to 40Tbps and will make landfall in Perth. The cable's been on the drawing board for some time but Vocus today told the Australian …
Simon Sharwood, 06 Dec 2016

US axes $722m takeover of chip biz by Chinese investors. Thanks, Obama!

President Obama has issued an executive order to kill the proposed acquisition of semiconductor specialist Aixtron by Chinese investors. The White House on Friday put out the presidential order citing national security concerns in denying the $722m buyout by Aixtron SE by Grand Chip Investment GMBH. The order suggests that …
Shaun Nichols, 05 Dec 2016

Wearable eats wearable: Fitbit 'to buy Pebble' with a steal of a deal

Crowdfunding hero and smart bling pioneer Pebble is about to be acquired by Fitbit. The Information was first with the story, and subsequent reports suggest the price is modest: around $35 to $40m. The company launched its first smartwatch under the Pebble name on Kickstarter in 2012 after Vancouver engineering student Eric …
Andrew Orlowski, 01 Dec 2016

Nokia restores ‘Phones’

They’re back. Sort of. “Phones” have returned to Nokia’s website after a two-year hiatus. Microsoft completed the acquisition of Nokia’s mobile division in April 2014, after many delays. Nokia’s Phone pages continued as a stub, largely redirecting traffic to Microsoft’s site for some time. Microsoft found itself with a …
Andrew Orlowski, 01 Dec 2016
Ash loses his head in a still of the movie Alien. Copyright: 20th Century Fox

Qumulo gets head transplant

Qumulo CEO and co-founder Peter Godman is transitioning to a CTO role as Bill Richter is hired to be the new CEO and Presidenp. Godman, recent CTO Aaron Passey and VP Engineering Neil Fachan, all ex-Isilon execs, founded scale-out file startup Qumulo in 2012. Richter is another ex-Isilon exec. He left his president role at EMC …
Chris Mellor, 30 Nov 2016
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Pound's plunge opens UK's tech SMBs to foreign buyouts - analyst

The £24bn purchase of Brit tech success ARM Holdings by Japan giant Softbank this summer was a contentious affair. The new government claimed it demonstrated that post-EU referendum Britain is “open for business”, although it has also voiced concern about British assets falling to overseas buyers with talk of a more focused " …
Gavin Clarke, 28 Nov 2016
A man chasing a plane

Scotland's Skyscanner sold to Chinese rival Ctrip in £1.4bn deal

Skyscanner, the Scottish travel search business, has been acquired by Chinese competitor Ctrip in a deal valued at £1.4bn. The Edinburgh-based business, which was founded in 2001, will maintain operations independently of Ctrip, China's largest travel search business, which was founded in 1999. Expected to close by the end of …
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HPE core servers and storage under pressure

Analysis HPE's latest results show a company emerging slimmer and fitter through diet (cost-cutting) and exercise (spin-merger deals) but facing tougher markets in servers and storage – the new normal, as CEO Meg Whitman says. A look at the numbers and the earnings call from the servers and storage points of view shows a …
Chris Mellor, 23 Nov 2016
Vintage BBC experimental colour transmission testcard section

Samsung fires $70m at quantum televisions

Samsung's beefing up one of the divisions that hasn't been burned by its Galaxy Note 7 disaster, acquiring a US company that specialises in quantum dots for displays. Under its previous name Color IQ, the takeover target QD Vision was already licensing technology to TV makers like Philips, LG, Sony, and TCL Group in China. “ …
Fibre, image via Shutterstock

It's a nice day for a Net wedding: Macom buys Applied Micro Circuits

Connectivity collaborators Macom and Applied Micro Circuits have decided to tie the knot, with Macom laying out US$770 million in cash and shares to seal the deal. In September, the two companies got together with BrPhotonics to show off a 100 Gbps pulse amplitude modulation (PAM4) module running on a single wavelength. Macom …
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Microsoft promises 'equal access' to LinkedIn to get EC green light for acquisition

Microsoft is offering to crack open access to LinkedIn to secure European Commission approval for its $26bn purchase of the social network for suits. The software giant is reportedly offering competition regulators the continued prospect of open access to LinkedIn’s APIs as well as “allowing” OEMs to install LinkedIn on their …
Gavin Clarke, 22 Nov 2016
Burning money, photo via Shutterstock

Brocade's sales growth outpaced by costs, ahead of Broadcom buyout

Ahead of its acquisition by Broadcom, Brocade has turned in another quarter of growing revenue but slumping net income. Revenue for the quarter was up 12 per cent year-on-year to US$675 million, and the company's full year 2016 result at $2.35 billion was 4 per cent better than 2015. Fourth quarter profit was $66 million ( …
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Alternative Networks joins Daisy chain gang: Hungry rival snaps it up for £165m

Telecoms business Daisy is poised to gobble Alternative Networks for £165m - the latest deal in its seemingly insatiable appetite for acquisitions. IT and telecoms biz Alternative employs 600 people and reported a turnover increase of 9 per cent to £146.8m for the full-year 2015. However, Philip Carse, analyst at Megabuyte, …
Kat Hall, 21 Nov 2016
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Permabit pulls on Red Hat, opens arms for a Linux cuddle

The Mad Hatter of Linux is getting Alice in Wonderland style physical space virtualisation with thin provisioning, compression and deduplication courtesy of Permabit. Building on its June 2016 Linux availability announcement, Permabit and Red Hat have a go-to-market partnership based on the former's Albireo deduplication and …
Chris Mellor, 18 Nov 2016
Microsoft's Scott Guthrie addresses Connect: any developer, any app, any platform

Microsoft's development platform today: What you need to know

Connect 2016 At the Connect event under way in New York, Microsoft laid out its plans for developers targeting its platform – though what the "Microsoft platform" means has changed radically from what it used to be. The slogan today is "Any developer, any app, any platform," whereas a couple of years ago the theme was "Windows everywhere …
Tim Anderson, 17 Nov 2016

A-Oh-Well: Internet corpse sheds 500 workers

AOL, best known for being your parents' old ISP, is laying off 500 workers. The dial-up giant-turned-content-network will be shedding around 5 per cent of its total workforce as part of an effort to cull the ranks of its corporate operations. Multiple reports suggest that AOL CEO Tim Armstrong has been pitching the layoffs as …
Shaun Nichols, 17 Nov 2016

Virtual Instruments gobbles up Xangati in cash-free deal

Storage workload and network testing company Virtual Instruments has bought Xangati and its hybrid cloud and virtualisation performance management technology. Back in March Load Dynamix and Virtual Instruments merged, taking the Virtual Instruments name and receiving $20m in funding from Load Dynamix investors. Some 26 …
Chris Mellor, 17 Nov 2016

Emergency services 4G by 2020? And monkeys could fly out of my butt

Users of the UK government's plans to shove the emergency services on to a 4G network by March 2020 are sceptical about the programme's timetable. Perhaps somewhat unsurprisingly, since a scheme of this scale has never before been tried anywhere else in the world. The Emergency Services Network (ESN) – set to replace the Tetra …
Kat Hall, 17 Nov 2016

Microsoft sweet-talks EC antitrust bods over LinkedIn buy

Microsoft has offered "concessions" in return for letting its $26bn dollar acquisition of LinkedIn move ahead, according to officials from the European Commission. The officials refused to provide any further details over what those concessions were, however. The Commission is expected to decide whether to let the purchase of …
Kieren McCarthy, 16 Nov 2016
LQD WiFi station

Verizon pours cash into city Wi-Fi with LQD buy

US telecom giant Verizon says it will buy the Big Apple startup LQD WiFi with the goal of improving network access in crowded cities. Set up by ex-Microsoftie Randy Ramusack, LQD specializes in developing public "hub" kiosks that combine Wi-Fi base stations with charging stations and digital signage screens. The LQD "Palo" …
Shaun Nichols, 15 Nov 2016

DataStax slurps DataScale, burps out own managed cloud

NoSQL-business DataStax has today announced its acquisition of the similarly-named DataScale, as well as plans to launch its own managed cloud offering next year. DataStax'a Martin Van Ryswyk, EVP of Engineering, confirmed to The Register that the specific financial terms of the acquisition weren't going to be revealed, but …
Microsoft Visual Studio for Mac image

Microsoft leaks Visual Studio for Mac, then scrubs the news

Microsoft Visual Studio, or something like it, will soon be available for macOS, a shift that reflects the company's effort to be more open toward non-Windows technology. Microsoft published the announcement prematurely and then withdrew it. The news, captured by archive.org, is scheduled to coincide with Microsoft Connect …
Thomas Claburn, 14 Nov 2016
Seagate_ClusterStor_L300

Gotta speed up HPC arrays. Flash or disk, flash or disk. Let's do both – Seagate

Seagate’s ClusterStor 300N storage array for high-performance computing is a hybrid flash/disk array, lifting sequential bandwidth by 33 per cent and small, random I/O by up to 1,200 per cent. The idea is that the 300N systems run mixed workloads much better than previous ClusterStor arrays, by using flash to accelerate IOs …
Chris Mellor, 14 Nov 2016
Metal plant grows out of circuit board - Green IT concept pic. Photo by Shutterstock

Siemens to mentor Mentor Graphics in $4.5bn acquisition

Siemens is to acquire the design automation and industrial software business Mentor Graphics in a $4.5bn deal, including debt. Mentor Graphics, which is headquartered in Wilsonville, Oregon, generates annual global revenues of around $1bn off the back of its integrated circuit design automation software. Siemens reckons the …
A businessman in handcuffs

Former Autonomy CFO indicted in USA for misleading investors

Updated The long-running spat between HP and the company formerly known as Autonomy has taken another turn, with Autonomy's former chief financial officer Sushovan Hussain indicted in a San Francisco court last week. The move was immediately criticised by a collective of former Autonomy executives as the Department of Justice (DoJ) “ …

FCC wants a word with AT&T about that zero-rated DirecTV streaming

The FCC is taking issue with AT&T over its plans to launch DirecTV as a zero-rated streaming video service. The US watchdog's Wireless Telecommunications Bureau has sent a letter [PDF] to AT&T's senior executive veep of external and legislative affairs asking the telecoms giant to address concerns that by omitting DirecTV from …
Shaun Nichols, 11 Nov 2016

Facebook 'fesses up to WhatsApp privacy blunder in UK

Facebook has “agreed to pause using data from UK WhatsApp users for advertisements or product improvement purposes” after a previously-announced probe by the Information Commissioner’s Office. UK information commissioner Elizabeth Denham writes that eight weeks ago she kicked off an investigation into WhatsApp, because “I don’ …
Simon Sharwood, 08 Nov 2016
A 56k dial-up modem

RIP EarthLink, 1994–2016: From AOL killer to regional ISP's attic

Turn-of-the-millennium internet giant EarthLink has been acquired and will be absorbed into the brand of a regional US ISP. Windstream Holdings said that it will gobble EarthLink in an all-stock transaction that includes assuming $436m of the former dial-up giant's debt. Upon closing, EarthLink employees and executives will …
Shaun Nichols, 07 Nov 2016
Ellison with watch photo by drserg via Shutterstock

Why Oracle's Larry Ellison shelled out $9bn for NetSuite

Analysis NetSuite's 18-year run as an independent ERP SaaS provider is over after shareholders approved Oracle's $9.3bn acquisition of the firm. Larry Ellison scraped up a narrow majority of unaffiliated shares to land one of Silicon Valley's early SaaS pioneers. Ellison got 53.21 per cent of unaffiliated shares, 21,775,553. Oracle's …
Gavin Clarke, 07 Nov 2016
Burning money, photo via Shutterstock

Dell fire sales score US$5.4bn

Dell has filed the regulatory paperwork to confirm the sales of its software and services arms. Dell Software yielded approximately $2.425b of cash and Dell Services brought $2.990b through the door, a total of $5.415b. Dell bought Quest Software for $2.36b and bundled some of its other code into its software unit, so looks …
Simon Sharwood, 07 Nov 2016
CenturyLink data centre

Embiggened CenturyLink flogs off data centres

Fresh from its giga-acquisition of Level 3 Communications, CenturyLink is selling off 57 data centres to a bunch of private venture firms. The company says it wants to put the US$2.15 billion it expects from the sale towards the Level 3 acquisition. A consortium led by BC Partners and Medina Capital (with Longview Asset …

Level 3 celebrates $34bn CenturyLink gobble by blacking out Eastern US

Network provider Level 3 Communications appears to be wrangling with a widespread outage in the US this morning. The backbone carrier says it is "looking into" the cause of an outage that, according to connectivity monitoring service DownDetector, is hitting customers across a large swath of the east coast and the southeastern …
Shaun Nichols, 02 Nov 2016

Broadcom snaps up Brocade for $5.9bn

As rumoured storage network switch, Ethernet switch and wireless vendor Brocade is being bought by Broadcom for $5.9bn in an all-cash transaction. The price is for $12.75 per share, valued at approximately $5.5bn, plus $0.4bn of net debt. The cash will come from new debt financing and cash available on Broadcom's balance sheet …
Chris Mellor, 02 Nov 2016
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Google punts WoSign, StartCom from good guy certificate club

Google is set to jettison certificate authorities WoSign and StartCom next year in a move that shores up wider efforts to neuter the two companies. Mountain View's move follows public announcements by Mozilla and Apple that they would not trust the authorities' certificates after the pair the pair incorrectly issued base …
Darren Pauli, 02 Nov 2016

HP Enterprise, Mirantis sack couple of hundred OpenStack engineers

Hewlett Packard Enterprise and Mirantis have laid off roughly 200 OpenStack developers in recent weeks, calling into question the appeal of OpenStack, the open source project for cloud computing infrastructure. HPE spokesperson Meghan Fintland in an email confirmed the layoffs, noting HPE does not provide details about the …
Thomas Claburn, 02 Nov 2016
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Broadcom would certainly be broader with Brocade on board

Analysis And so a storage networking era comes to a close, and we have been here before. Brocade is reportedly up for sale, as it has been three times before. The premier Fibre Channel SAN director and switch vendor has consistently tried to use its revenues to buy other companies and diversify, because it knew the market was …
Chris Mellor, 01 Nov 2016
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Broadcom to eat Brocade?

Brocade could become the next networking giant to agree to an acquisition deal. A report from Bloomberg cites sources familiar in reporting that the company is in "advanced talks" with Broadcom to hammer out a deal, though the negotiations are not final and could still fall apart. The deal would give Broadcom a larger reach …
Shaun Nichols, 31 Oct 2016
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Groupon buys Living Social

Remember when group buying was the hottest marketing tactic ever and Groupon and LivingSocial were duking it out at the top of the market? And remember how the whole sector acquired a nasty whiff as vendors made it harder and harder to actually use those cheap restaurant/massage/extreme sports vouchers? If you answered both …
Simon Sharwood, 28 Oct 2016

Qualcomm agrees to acquire semiconductor biz NXP for $47bn

Chip designer Qualcomm has agreed to purchase Dutch rival NXP Semiconductors for $47bn. As rumoured, the San Diego-based business and its Eindhoven-based target announced on Thursday that they had come to a definitive agreement to see Qualcomm acquire NXP in an all-cash deal worth $47bn, including debt. NXP Semiconductors is …

October proves to be the cruellest month for Twitter staff as 350 more laid off

Twitter today confirmed recent press reports that it is reducing headcount by 9 per cent – about 350 people – in an attempt to become profitable in 2017. The company generated $616m in revenues in Q3 2016 yet still managed to chalk up $515m in costs and an operating loss of $78m. So what exactly does the company that no one …
Drew Cullen, 27 Oct 2016

WD gets flash boom bang from SanDisk swallow

+Comment WD's disk and SanDisk-boosted flash sales boomed as overall revenues in its first fiscal 2017 quarter rose to $4.7bn, up 40.6 per cent on the year-ago $3.4bn. But it reported a net $366m loss. Why a loss? A year ago it made a profit of $283m on lower revenues. This time around there were charges associated with WD’s recent …
Chris Mellor, 27 Oct 2016
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Cloudian passes begging bowl round VCs to net $41m for object storage dev pool

Cloudian, the S3-or-bust object storage software startup, has passed a VC begging bowl around and raised $41m in a D-round of funding. Total funding is now, Cloudian says, $79m, and the cash is going to be used for software engineering, expanding sales and marketing, and building out its international operations. The funding …
Chris Mellor, 27 Oct 2016

Benioff on being hacked: We're looking into some next-gen fax machines

Marc Benioff is many things. But a whiner is not one of them. Asked on stage today at the Intel Capital Global Summit about the hack of Salesforce board member Colin Powell and the resulting release of the company's highly confidential mergers and acquisition strategy, Benioff was surprisingly upbeat. "On one level, it was …
Kieren McCarthy, 26 Oct 2016