Articles about Acquisition

Log jam

Startups face logjam as the trickle towards the exit turns into flood

Comment The mass of storage start-ups is threatening to overwhelm the exit routes into the great, wide post-start-up world, dooming many to lingering deaths or outright failure. Remember Attrato, Copan, Coraid, Exafile, Nirvanix, Parascale, Starboard Storage and TrueSAN? Hopeful storage start-ups that failed to make it from the start-up …
Chris Mellor, 15 Apr 2015

IBM takes a shine to Lighthouse, gobbles bouncer-in-the-cloud biz

IBM has acquired upstart Lighthouse Security Group, which lets sysadmins manage user accounts and identities in an off-premises cloud. Big Blue said the privately held Rhode Island firm will, fittingly, join the IT giant's Security Identity and Access Management group. Lighthouse already bases its Gateway service on IBM's Tivoli …
Shaun Nichols, 11 Aug 2014
Lock security

Check Point snaps up mobile security outfit Lacoon

Check Point is buying Lacoon Mobile Security, in a deal that expands the security software firm beyond its core firewall and IDS market while pushing it further into mobile. Terms of the deal, announced Thursday, were undisclosed. Lacoon develops security apps for both iOS and Android, as well as marketing real-time mobile …
John Leyden, 02 Apr 2015
HP

HP lifts lid on Autonomy lawsuit claims, but Lynch cries BOLLOCKS

On Tuesday, HP made public the details of the lawsuit it has filed against former Autonomy executives Mike Lynch and Sushovan Hussain in the UK, in what is just the latest round in litigation that is only likely to get uglier as the suit progresses. "HP confirmed today that Particulars of Claim against Lynch and Hussain were …
Neil McAllister, 06 May 2015

Judge OKs HP's cash-free settlement plan in Autonomy investor suit

HP has won court approval of a deal that would settle a lawsuit brought by shareholders over HP's botched acquisition of software maker Autonomy. US District Judge Charles Breyer has granted preliminary approval of the latest version of HP's proposed settlement, Bloomberg reports, despite having rejected similar proposals twice …
Neil McAllister, 13 Mar 2015

Daisy Group offers to gobble Phoenix IT Group for £133m

Acquisitive B2B tech and comms player Daisy Group has bid 160 pence per share for AIM-listed Phoenix IT Group valuing the services operation at around £133m. Talk of a deal has rumbled along for more than a year but with Phoenix in the middle of a three-year turnaround plan under the latest CEO and no longer reporting steep …
Paul Kunert, 21 May 2015

Samsung bags second Internet of Home Stuff home firm in a week

Samsung has announced its second smart home slurp in a week with the acquisition of heating, ventilation and air conditioning distributor Quietside. Samsung Electronics America said that it had agreed to buy the firm, which already distributes Sammy products, but didn’t disclose the terms of the deal. The company said that …

Mobe-hungry BT's sales slip over Xmas amid EE buyout silence

Sales at one-time state telco monopoly BT fell by three per cent to £4.48bn in its third quarter, the company announced today. The decline, as compared to last year's Q3 revenues, reflects a "modest" decline in BT's business revenue with more customers moving to data and VoIP services, it said. The company also blamed foreign …
Kat Hall, 30 Jan 2015
Monster Beats Pro

Dr Dre's crew gets Beats-down from Apple: 200 jobs to go – report

Apple is planning to axe around 200 people from its new acquisition Beats Electronics, according to reports. Both Bloomberg and 9to5 Mac had folks whispering in their ears that the fruity firm would be making the job cuts now that its $3bn slurp of the headphones and music streaming biz was well underway. The deal was recently …
Clip Art cartoon of smiling sun

Ericsson buys Sunrise Technology

Ericsson, which has just laid off 2,200 people Sweden and which plans more cost cutting around the world has already started spending the savings by buying the IT business services part of Chinese outfit Sunrise Technology. The transaction means Ericsson will take on 1,000 employees at the Guangzhou-based IT services provider, …
Simon Rockman, 17 Mar 2015

Raytheon suspected of readying for Websense slurp

The biz-wires are abuzz with industry talk that enterprise net-filter outfit Websense will be slurped by Raytheon for a cool $US1.9 billion. Now an e-mail and Web security company with deployment options from the desktop to the cloud, Websense had long lived under the wing of private equity company Vista Equity Partners (VEP). …
Cartoon of fist clutching dollars smashing out of smartphone

PayPal pays $60m for Israeli predictive security start-up

PayPal has confirmed a $60m acquisition of security intelligence firm CyActive. The online payments firm, soon to be spun off from eBay, accompanied the announcement of the deal with plans to open a research hub in Israel. CyActive, founded by ex IDF intelligence unit cyberspies in 2013, specialises in trying to predict the …
John Leyden, 11 Mar 2015
money notes lifted up

Private equity downs WAN furtler Riverbed in $3.6bn gulp

+Comment WAN optimiser and app speeder Riverbed is being bought by private equity house Thoma Bravo for $3.6bn. Riverbed failed to grow sufficiently and its business foundered somewhat, opening it up to the attentions of activist investor Elliott Management. That's the same investor that is pushing EMC for a VMware sell-off. In October …
Chris Mellor, 15 Dec 2014
channel_teaser_exit

Boss splits as Symantec UK consciously uncouples

The expected jostling for senior positions at Symantec continues ahead of the divorce between the security and storage wings, with UK boss Simon Moor exiting the business. The conscious uncoupling scheduled to occur by the end of this year – which will effectively undo the 2004 acquisition of Veritas – will leave two independent …
Paul Kunert, 12 Jan 2015
Clouds in blue sky

NTT adds two bit barns to gathering global cloud

NTT is continuing to expand its global cloud footprint, last week announcing plans for major new data centres in America and India. In Sacramento, according to Data Center Knowledge, subsidiary RagingWire is the expansion vehicle, with a third campus that added 180,000 square feet (with 14 MW of power capacity) to its existing …
Lyft cars

Ban? What ban? Lyft buys carpool app maker Hitch

Ride-sharing service Lyft is looking to boost its carpooling service with the acquisition of smaller rival Hitch, even though both companies could be in violation of California state laws. The company said that Hitch, which specializes in a ride-sharing service similar to Lyft Line, would should down effective Tuesday and all …
Shaun Nichols, 24 Sep 2014
Suitcase bulging with cash

Atmel buys more IoT capability

Atmel, best known as a maker of microcontrollers and capacitive touchscreens, is expanding its Internet of Things footprint with the acquisition of low-power wireless chip designer Newport Media. Newport Media started out life shipping TV system-on-a-chip (SOC) devices, and during 2012 and 2013 branched out into 802.11n, 802.11b …

Daisy Group: we'll double our biz inside 5 years

The now privately-owned B2B comms and tech biz Daisy Group is looking for the incoming CEO to plot a course to rule the SME customer space within the next half a decade. The Lancashire-based company today removed itself from trading on AIM in a buy backed by founder and current CEO Matthew Riley - he is soon to become chairman …
Paul Kunert, 22 Jan 2015
Jump for joy. Pic: Kate Palana

Free at last! Flogging off O2 fattens Telefonica’s financials

Spanish telco Telefonica bounced back to growth in its first-quarter results — thanks in part to the sale of its UK outfit O2 — increasing sales by 12.6 per cent to €11.5bn (£8.3bn) compared with the same period last year. Net earnings in the three months to March reached €1.8bn (£1.3bn), up from €688m (£498m) in 2014. César …
Kat Hall, 14 May 2015
Navteq vehicle in Oxford

Baidu now backing Uber's bid for Nokia maps

Less than two weeks after Uber kicked off the bidding war for Nokia's HERE maps unit, the price has escalated and the rumoured alliances have shifted. When the car-hire-app company's interest first emerged via the New York Times, the industry's deep throats reckoned Chinese Web outfit Baidu was bidding with the big three of …

Healthy Drobo set free by Connected Data to go it alone

Drobo, maker of simple-to-use personal data storage robots which you populate yourself with disk drives, is being spun-out by owner Connected Data, with an investment group buying the business. The firm was originally called Data Robotics but changed its name in 2011 to the name of its Drobo* product, which amassed a large and …
Chris Mellor, 20 May 2015
David Scott of HP

HP’s Mr 3PAR, David Scott, is retiring

Sources close to the situation tell El Reg David Scott, head of HP’s storage business and former boss of 3PAR, is retiring in March. David Scott was CEO of 3PAR when HP bought it for $2.4 billion in September 2010 after a hard-fought bidding war with Dell. It gave HP the storage answer to replace the failing EVA SAN array …
Chris Mellor, 06 Feb 2015

UK biz Six Degrees puts up 'For Sale' sign outside corporate HQ

A sales process is under way at mid-market managed voice and data hosting biz Six Degrees, with a corporate financier appointed to sniff out interested buyers. Private equity backer Penta Capital is eyeing up the exit route four years after stumping up £60m to back the former management team at SpiriTel to execute a buy-and- …
Paul Kunert, 05 Feb 2015
Photo by Mike Mozart

Comcast, Time Warner Cable in crunch talks with FCC, DoJ over $42bn mega-merger

The proposed merger of Comcast and Time Warner Cable (TWC) is on the rocks, it appears. Sources close to the two companies have told The Wall Street Journal that the US Department of Justice and the FCC are not happy with the proposed business gobble, and both want to hold face-to-face talks to discuss the ins and outs of the …
Shaun Nichols, 20 Apr 2015
Google Chocolate Factory

Google's email-for-iOS app Sparrow is pining for the fjords

Two-and-a-half years after Google bought the French email client Sparrow, it has decided the client gets in the way of pushing Apple fans to its own Inbox service. Hence, apparently, to get iOS and OS X users to head for Inbox, the Chocolate Factory has pulled Sparrow from the App Store. Even the iPhone version, which was …
Ama_Dablam

HGST goes on Himalaya expedition with Amplidata purchase

HGST is buying its way into object storage by acquiring Amplidata, a start-up whose technology is OEM’d by Quantum as its Lattus product and included in StorNext. HGST is developing an active disk-based archiving array, powered by Amplidata Himalaya software and using HGST shingled magnetic media drives. Initial revenue …
Chris Mellor, 04 Mar 2015
Two mobiles man

BT set to undercut rivals with return to mobile biz

BT will launch its own 4G network when it returns to the mobile market within the next few days, it has been reported. According to the Telegraph, the former state monopoly – which proposed a huge £12.5bn takeover of mobe operator EE late last year – will name its service BT Mobile and offer it only to the firm's broadband …
Kelly Fiveash, 22 Mar 2015

Autonomy's ex-chief beancounter tries to kill HP investor settlement

Autonomy's former chief financial officer has sought to block HP from settling three shareholder lawsuits over its botched acquisition of the British software company. The former exec claims HP will use the settlements to "forever bury" its supposed culpability in the calamitous buy. Sushovan Hussain, who served as Autonomy's …
Jack Clark, 21 Jul 2014

Yahoo! Slurps! Indian! Google! Docs! Lookalike!

Yahoo! has picked up Bangalore company Bookpad in a deal described as strengthening the Yahoo! Mail service. Bookpad is responsible for a service called Docspad, an online file editing operation, which would give the Purple Palace a little bit of the kind of functionality people have learned to expect from competitors like Gmail …

Avago divests another chunk of LSI to Intel

Fresh from its acquisition of LSI, Singapore-based Avago Corporation has carved out the Axxia network processor business and flogged it to Chipzilla for US$650 million. Axxia's silicon targets data centre networking applications with PowerPC and ARM architecture devices for switches and line cards. The company has around 650 …
T-Mobile Sprint

Sprint spits out T-Mobile US gobble bid, says goodbye to CEO – claim

Sprint is set to give up its attempt to acquire T-Mobile US and plans to replace its own CEO, or so it is claimed. The Wall Street Journal cited unnamed sources in reporting that fears monopoly watchdogs would nix the merger led US carrier Sprint to abandon its pursuit of T-Mob US. The deal was rumored to be worth as much as US$ …
Shaun Nichols, 06 Aug 2014
Departing Cisco CEO John Chambers

Cisco CEO Chambers to step down, passes baton to Robbins

Analysis Cisco has finally made the long-anticipated decision about a replacement for long-time CEO John Chambers: 49-year-old Chuck Robbins. Robbins is no newcomer to Cisco, having been with the company since 1997. His most recent role was as senior veep for worldwide operations, and Cisco's announcement also credits Robbins with …
Vmware cloud logo

VMware puffs up AirWatch to join the sync 'n' social crowd

VMware's tried for years, without much success, to sell productivity apps. Now it's having another go by getting out the twine to bind three of AirWatch's offerings into a “collaboration bundle”. The bundle includes the AirWatch Content Locker, essentially a private Dropbox clone that aggregates content and adds secured access …
Simon Sharwood, 09 Apr 2015
David Donatelli

Oracle boat picks up ex-HP hardware man Donatelli

HP exec David Donatelli has followed Mark Hurd to Oracle, and taken up an exec veep position related to hardware, according to Business Insider, citing numerous sources. Donatelli was the EVP in charge of HP's enterprise systems business when Meg Whitman appeared as HP head honcho to replace the ousted Hurd. Hurd went to Oracle …
Chris Mellor, 31 Mar 2015
Sunrise calendar app

Microsoft slurps Apple-happy, Google-tastic Sunrise calendar firm

Microsoft’s personal productivity apps acquisition spree continues, the latest slurp being that of Sunrise, a provider of calendar apps for Mac, iOS and Android. Sunrise accounts Sunrise links to multiple calendars and cloud apps The Sunrise app does not maintain a calendar of its own, but provides an aggregated view of …
Tim Anderson, 12 Feb 2015

WD and HGST: We tried to merge our two drive makers, MOFCOM said NO, NO, NO

Analysis Although WD’s acquisition of HGST was approved over two years ago, Chinese regulatory authority MOFCOM is still preventing the full integration of their respective drive-making ops. The Ministry of Commerce of the People’s Republic of China (MOFCOM) has always maintained it was not keen to see WD and its HGST subsidiary move …
Chris Mellor, 10 Dec 2014
hands waving dollar bills in the air

Managed services biz Claranet adds £107m to war chest

Acquisition-hungry European managed services provider Claranet has drummed up £107m in a refinancing deal. Charles Nasser, Claranet Group founder and CEO, said: “Our financing now extends to 2020 and achieves greater flexibility for us as we plan for further growth and the development of our products and services." He added: " …
Kat Hall, 31 Mar 2015

UK print peddler Annodata slips ring on Berkshire firm's finger

Hertsfordshire-based print services and comms house Annodata has wolfed down once-high-flying enterprise infrastructure supplier Keltec for an undisclosed sum. The pair went public on the marriage today that will see a bunch of vendor accreditations including the HP Gold, VMware Enterprise Solution Provider and Veeam Gold Pro …
Paul Kunert, 03 Nov 2014
O2 XDA Argon

BT in talks to RE-SLURP O2 after spitting it out a decade ago

BT could be the new owner of Blighty mobe network O2 if talks with Spanish parent Telefonica go well. The ex-national telco has confirmed the talks, which were first reported on Spanish website El Confidencial. Sources told the site that Telefonica was keen on selling O2 to British Telecom in return for a 20 per cent stake in …
globalisation

Distie acquisition helps Tech Data beat the street

Tech Data increased sales for the three months ended 31 October 2010 by 9.2 per cent to $6.16bn. The distie giant's profits for the period were up to $81m, compared to $65.1m for the same period last year. This gives earnings per share of $1.07, compared to 84 cents in 2009. Operating margin was 1.31 per cent, compared to 1.15 …
John Oates, 22 Nov 2010

Cloudera taps new CEO for inevitable IPO push or acquisition

Big-data hotshot Cloudera has a new CEO: Tom Reilly, an industry veteran who has guided other tech firms to profitable acquisitions. But don't automatically assume that the privately held Cloudera is shopping itself around – an IPO is also a real possibility. Judging from some changes among Cloudera's top brass, it looks like …
Job cuts jpeg

Cost cutting at Arrow ECS as senior accounts bods exit

Arrow ECS is integrating its UK sales desk with the team at Computerlinks, and in the process has decided to trim costs by getting rid of some senior account directors. Sources tell us seven experienced hands including Mark Chippendale - who spent more than a decade covering key accounts - were recently made redundant by the …
Paul Kunert, 09 Apr 2015
French fries

NXP snaps up Freescale to form new chipzilla

Dutch chip company NXP has snapped up US rival Freescale Semiconductor for $11.8bn (£7.7bn). The deal is expected to create a combined annual turnover of $10bn (£6.5bn), with NXP claiming the new entity will have a market valuation of $40bn (£26bn). NXP said it expects to make $200m (£130m) in the first full year after closing …
Kat Hall, 02 Mar 2015

Google's broadband-in-the-sky goes TITAN-ic

After a couple of years of selective reveals to favoured media, Google has made an uncharacteristic to-all-comers announcement about its broadband plans at Mobile World Congress in Barcelona. The Chocolate Factory bought drone-maker Titan Aerospace in 2014, and has told the conference its solar-powered drones will be carrying …

Azlan UK boss made 'redundant' amid restructure

Tech Data (TD) UK has restructured its Azlan enterprise tech business unit, taking out the top dog Gareth Hansford in a cost cutting shimmy. The industry veteran left this month, the start of the distie’s new fiscal year, and the decision to make him redundant came after analysis of the books. Hansford confirmed to The Channel …
Paul Kunert, 25 Feb 2015
Optus Logo

Optus fires up Azure clone for Australia

Australia's second-largest telco, Optus, has hopped aboard Microsoft's cloudwagon by flicking the switch on its own Azure service. The Optus Managed Cloud has been given the Azure Pack treatment, meaning Optus is now a member of the Microsoft Cloud OS Network of providers that can offer cloud based on Microsoft's platform. …
Simon Sharwood, 20 Apr 2015

Lenovo still ‘not satisfied’ despite MEGA PROFIT rise

PC giant Lenovo continued its (slow) march toward world domination in the second quarter, as profits climbed a very healthy 19 per cent to $262m and revenue rose seven per cent to $10.5bn, compared with the same period last year. The Chinese computer tech company shipped a record amount of kit for the three months to September, …
Kat Hall, 06 Nov 2014
HockeyApp + Microsoft logos

Microsoft shells out the pucks for analytics firm HockeyApp

Microsoft has acquired HockeyApp, a service for testing and analysing apps in development for iOS, Android, Windows Phone and Mac OS, for an undisclosed amount. The Stuttgart-based team launched HockeyApp in 2011. Using the service, developers can deploy preview apps to testers, get feedback, analyse crash reports, and view …
Tim Anderson, 11 Dec 2014

Redcentric swoops on Calyx Managed Services in £12m breakup deal

Managed services biz Redcentric has snapped up Calyx Managed Services (CMS) for £12m, as part of the company's break-up. Last week, Calyx's maintenance and carrier services divisions were offloaded to Daisy Group and Chess, respectively, for a total of £5.5m. The carve up follows the purchase of Calyx MS by MXC Capital, with …
Kat Hall, 02 Apr 2015
Photo by Mike Mozart

Comcast accused of torpedoing Hulu sale to rivals with weapon of mass transactions

Comcast allegedly talked its fellow Hulu investors out of selling the TV streaming upstart to DirecTV or AT&T by insisting it could steer the web biz to financial triumph. That's a serious accusation because Comcast had agreed with the FCC and US Department of Justice to keep its hands off the management of Hulu. In the end, …
Shaun Nichols, 22 Apr 2015