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Articles about Acquisition

Systemax goes Dutch, devours SCC Netherlands

Shape-shifting box shuffler Systemax has swallowed SCC's "sub-scale" Dutch division for an undisclosed sum. New York-listed Systemax last night confirmed the bid to the stock exchange, the most significant buy it has made in Europe - where it trades as Misco - since the acquisition of WStore some years back. "The European IT …
Paul Kunert, 02 May 2014
fingers pointing at man

Dell to make cloud computing acquisition

Reuters reports that Michael Dell will announce a cloud computing acquisition later today. Dell is also going to build up a tablet computer product line, spreading out from the 7-inch and 5-inch Streaks launched in September. Michael Dell was speaking at an event in Hong Kong. Dell lost out to HP in a bidding battle for 3PAR, …
Chris Mellor, 02 Nov 2010

Ex-Autonomy boss Mike Lynch goes nuclear: Claims HP 'misleads' its own shareholders

Mike Lynch, former chief of HP-owned Autonomy, tossed an explosive shareholder letter onto the internet today – just hours before HP's annual investors' meeting in Santa Clara, California. The scathing missive alleges Hewlett-Packard has been "misleading" its shareholders about the reasons behind the computer giant's $8.8bn …
Jack Clark, 19 Mar 2014

US trading, energy watchdogs asked: Does Google's Skybox gobble pass the sniff test?

Consumer advocacy group Public Citizen has asked US energy and trading regulators to probe Google’s acquisition of satellite firm Skybox Imaging, which it claims could give big players in commodities trading an unfair advantage. In a letter to the authorities, Public Citizen said that banks and hedge funds already used the intel …
The Register breaking news

FTC to cast an eye over Google's Waze buy

Google's acquisition of Israeli mobile navigation app vendor Waze is going to get an anti-trust examination by the FTC. Earlier this month, Mountain View's acquisition team flipped open the wallet to the tune of $US1.3 billion for the social map app, its sub-$US70 million revenue, and its claimed fifty million users. When the …

Telco CenturyLink is moved to tiers: Biz gobbles Tier 3 cloud shop

Cloud provider Tier 3 has been snapped up by CenturyLink, fleshing out the telco's cloud portfolio and marking another sign of confidence in the Cloud Foundry platform technology. The acquisition was announced on Tuesday and gives CenturyLink a sturdy .NET implementation of the Cloud Foundry platform-as-a-service in the form of …
Jack Clark, 19 Nov 2013
VMware logo

VMware guzzles 'desktop-as-a-service' firm Desktone

VMware has slurped Desktone to add another "as-a-service" offering to its catalogue of virtualisation software. Desktone is apparently a "pioneer" of Desktop-as-a-Service and has "an advanced multi-tenant desktop virtualization platform for delivering Windows desktops and applications as a cloud service", according to VMware. " …
Toshiba NAND wafer

REVEALED: Fusion-io shopped itself to 11 firms... 10 declined

Fusion-io shopped itself to 11 companies and only got one offer. A Schedule 14D-9 SEC filing about the $1.1bn SanDisk acquisition of Fusion-io reveals that: SanDisk and Fusion-io first discussed a possible commercial arrangement in Summer 2013. Fusion-io talked to other potential partners as well. SanDisk expressed acquisition …
Chris Mellor, 26 Jun 2014

Level 3 gobbles rival TW Telecom in $5.7bn deal (that's 5 Instagrams)

Internet backbone provider Level 3 has bought its competitor TW Telecom in a cash and stock mega-deal valued at $40.86 per share. The planned $5.7bn merger, if waved through by US regulators and shareholders, would further consolidate the telco market stateside. "We believe this is a financially compelling and very strategic …
Kelly Fiveash, 17 Jun 2014

Sprint eyes T-Mobile, grabs $32 BEELLION from wallet, prepares to SLURP

The question - not if - but when Sprint would snap up T-Mobile in the US moved one step closer to reality today, after the wireless carrier was reportedly valued at nearly $40 a share. T-Mobile, according to the Wall Street Journal, has been valued at around $32bn. A merger could be agreed within weeks, people familiar with the …
Kelly Fiveash, 05 Jun 2014
Facebook WhatsApp

FTC: OK Facebook, swallow WhatsApp – but NO selling people's data without permission

Facebook's multi-billion-dollar slurp of WhatsApp has been given the go-ahead by US regulators – with the caveat that the social network sticks to the messaging service's privacy policy. The Federal Trade Commission said in a letter to the two firms that WhatsApp would have to stick to the privacy promises it had already made to …

IBM gobbles CIA-backed NoSQL database upstart Cloudant

IBM is creeping towards the cloud, picking up startups on the way, including a NoSQL database company to fill in some of the perceived shortcomings of DB2. The acquisition of Cloudant was announced on Monday and will give IBM control of a NoSQL "database-as-a-service" (DBaaS) [As a service? What the hell was a database …
Jack Clark, 24 Feb 2014
Lego Minecraft

No Notch niche: Minecraft man in rift with Oculus after Facebook gobble

Minecraft creator Markus "Notch" Persson has used the occasion of Mark Zuckerberg's acquisition of Oculus VR to unload on the boy wonder's Facebook – and bid farewell to the Rift virtual-reality headset team. Perhaps at least a little miffed that Zuck's personal shoppers arrived a few weeks into an investigation about whether a …

Facebook swallows Oculus VR goggle-geeks. Did that really happen?

Facebook has bought startup Oculus VR, which makes the much-hyped virtual-reality Rift headsets, for $2bn. The acquisition comes as people spend more time with their pals in digital worlds rather than the physical realm, and Facebook boss Mark Zuckerberg wants to tap into that shift. The acquisition of Oculus VR Inc was …
Jack Clark, 25 Mar 2014
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. …
Microsoft CEO Satya Nadella

Microsoft CEO Nadella names his Xbox and Cloud OVERLORDS

New Microsoft CEO Satya Nadella has made two important albeit expected appointments to his executive team. The big cheese announced on Monday that his company will remove the "interim" from Scott Guthrie's role as interim executive vice-president of cloud and enterprise. Phil Spencer, the boss of in-house games developer …
Shaun Nichols, 31 Mar 2014
The Register breaking news

Oracle has '$70bn, five-year acquisition plan'

Charles Phillips, one of the co-presidents at software giant and unenthusiastic server maker Oracle, reportedly said the company had plans to double its acquisition budget over the next five years to a total of $70bn. But apparently this is not true. Phillips was speaking on Thursday at the Fortune Brainstorm Tech 2010 …
The GPS tracker plot imposed on Google Map

FTC chilled about Google's buyout of map app Waze - report

The US Federal Trade Commission has reportedly given the go-ahead for Google's purchase of mapping app Waze, deciding that the acquisition won't hurt competition. People familiar with the matter told Bloomberg that Google "won’t be challenged" by the commission over the deal, which will give Google yet more tech to use in …

OpenStack kingpin Rackspace hires bankers to help it mull 'inbound strategic proposals'

Rackspace has retained Morgan Stanley to help it evaluate "inbound strategic proposals". In other words, a partnership or acquisition is something that may lie in Rackspace's future, according to Bloomberg, which broke the news on Thursday. "Our board decided to hire Morgan Stanley to evaluate the inbound strategic proposals, …
Jack Clark, 15 May 2014
Nokia - NSN logo

Nokia networks biz slurps Australia's Mesaplexx

A seven-year-old Australian radio filter specialist has been bought by Nokia Siemens* Solutions and Networks to bolster its position in the small-cell and “hetnet” market. The Brisbane-based Mesaplexx, founded in 2007, put six years into developing filters, with its xCube technology reaching the market in 2013. The first …
Suitcase bulging with cash

CloudFlare slurps CryptoSeal

CryptoSeal, which got itself out of the consumer VPN business last year to sidestep the fate of Lavabit, have been snapped up by CloudFlare. The Y Combinator-funded operation shuttered its consumer VPN service because it said complying with a government demand for an individual's data could only be met if it handed over the keys …
The Tanami Desert en route to Willowara

TELEPOCALYPSE as Australian carriers shed jobs with horrible speed

While Australia's telco industry has become accustomed to the constant slim-down drive at incumbent Telstra and number-two Optus, an accumulation of bad news further down the food chain will narrow the options for the country's telco professionals. Optus' latest job cuts announcement, that rather than the 200 originally mooted …
euros_channel_money

Summer of data centre acquisitions on the cards in the UK

The business climate for acquisitions is mirroring the hotter weather outside, with a sales process for data centre providers Pulsant and VTesse Networks taking shape, multiple sources are telling us. Investment bank Jeffries has distributed an Information Memorandum for co-location player Pulsant, with private equity owner …
Paul Kunert, 20 May 2014
management regulation2

Judge rules investors can sue Meg Whitman and HP over Autonomy

HP and its chief Meg Whitman will have to face claims from a shareholder class action lawsuit alleging the exec and her firm knew statements from Autonomy's management were misleading before the acquisition. US District Judge Charles Breyer ruled that investors can go ahead with claims against the company and Whitman, saying …

Bye-Zynga: online games maker laying off 314 staff

Mobile game specialist Zynga has announced that it will be laying off some 15 per cent of its staff as part of a cost-cutting measure. The company said that the cuts would make 314 people at the company redundant. The lowered payroll costs would be part of a plan by the company to same some $33-35m over the course of the 2014 …
Shaun Nichols, 31 Jan 2014
Vodafone Smart

Reports say Vodafone to gobble Spanish cable outfit Ono

Vodafone is about to pay around $US10bn to acquire Spain's Ono, according to several sources. The Wall Street Journal reports the deal will be announced on Monday, with $9.73bn to change hands. Bloomberg offers round $10bn, citing the same folks familiar with the report as does the Journal. Ono is a triple-play operator, …
Simon Sharwood, 17 Mar 2014
twitchpokemon

Twitch rich as Google flicks $1bn hitch switch, claims snitch

Google and Twitch were tight-lipped this morning in California – amid swirling rumors that the internet goliath will formally seal a $1bn deal to buy the video-streaming upstart. Twitch spokesperson Chase (just Chase) refused to rule out the speculation, and instead gave us "no comment" when we called. Given that Twitch is a few …
Shaun Nichols, 25 Jul 2014
Google sign outside Mountain View headquarters

Google's latest mega-earnings fail to impress shareholders

It's hard to be disappointed about quarterly revenues of $15.42bn – unless you're Google, that is, and the analysts expected you to bring in even more. The online ad-slinger underperformed in both revenue and earnings per share during the first quarter of its fiscal 2014, based on the average estimate gathered by Yahoo! Finance …
Neil McAllister, 16 Apr 2014
BizNAS

98.8% of Overland shareclutchers say OMG, YES to Tandberg takeover

Overland Storage shareholders have overwhelmingly voted in favour of the Tandberg Data takeover by Overland. There was a 98.8 per cent vote in favour of the takeover at a 16 January meeting. But, then, there was no other option on the table except the virtual certainty of an eventual Overland collapse and a total wipeout of …
Chris Mellor, 21 Jan 2014
Toshiba 15K 300GB SFF HDD

Toshiba twirls its HAMR, ponders whether to smash spinning rust

Toshiba shipped 22.7 million disk drives in the last calendar 2013, with numbers bulked up by its acquisition of HGST assets in 2012. But where is it going with its disk tech? WD shipped 63.1 million spinning rust platters in the same period and Seagate managed 53.8 million. Tosh's drive type number splits were:- Enterprise ( …
Chris Mellor, 28 Jan 2014
SOURCE: http://www.sxc.hu/photo/959469

Nothing to sniff at: Cisco finishes $2.8bn gobble of Snort'ing guy's Sourcefire

Intrusion prevention's a hot topic in the world of security, as reflected in the $2.8bn price tag Cisco has paid to complete the acquisition of network security specialists Sourcefire. The purchase - which was announced in July - is the largest security firm purchase since Intel's $7.7bn acquisition of McAfee in 2010. And it's a …
Iain Thomson, 09 Oct 2013
HP

HP chairman Ralph Whitworth steps down immediately

HP is losing the man who has chaired its board of directors for the past two and a half years, over health concerns. The IT titan said Ralph Whitworth, 58, will be stepping down from the chairman position effective tomorrow in order to focus on his wellbeing. Further details on Whitworth's condition were not given by the company …
Shaun Nichols, 15 Jul 2014
The Register breaking news

Xobni! heads! to! Yahoo! elephant! graveyard!

For somewhere between $US30 million and $US60 million, depending on which insider you prefer, Yahoo! has continued its acquisition spree, picking up e-mail management startup Xobni. Since Xobni had total raisings of $US42 million since being founded in 2006, the sale price is important, at least to its investors: they either …
Facebook WhatsApp

WhatsApp founder: Privacy WON'T vanish under Facebook

WhatsApp founder Jan Koum has insisted that his messaging service's privacy policies will stay the same after it's slurped by Facebook, while lamenting "baseless, unfounded and irresponsible" reports about how the social network may use users' data. "I want to make sure you understand how deeply I value the principle of private …
VMAX3

EMC gobbles cloud upstart TwinStrata

EMC is buying startup TwinStrata and its cloud storage gateway technology, CloudArray. And the storage giant intends to provide public cloud access as an embedded data service for VMAX3 users. EMC's Information Infrastructure division – its core storage biz – has also announced new products for its flash, high-end enterprise …
Chris Mellor, 08 Jul 2014
ATLAS robot from Boston Dynamics

Is Google prepping an ARMY of WALKING ROBOTS?

Google has snapped up military robotics firm Boston Dynamics, famed for its animalistic creations including WildCat and Cheetah. Boston Dynamics info video In the last few years, the MIT-spinoff has developed a robot that can walk on ice and snow called BigDog, another four-legged machine capable of running at 29mph and known …
cookies_eyes_privacy evercookies flash cookies

Google's Nest flings HALF an INSTAGRAM at Dropcam buyout

Google's home automation push has a new view of the world after its Nest subsidiary wrote a half-Instagram ($555m) cheque for camera-maker Dropcam. Dropcam's cameras use Wi-Fi to beam video out of your home or office and into the cloud, from where it can either be beamed back to a variety of devices for you to watch it in real …
Simon Sharwood, 23 Jun 2014
The Register breaking news

Samsung slurps set-top streamer

Samsung has moved to extend its in-TV recording and streaming capabilities with the acquisition of Israel-based set-top-box-based broadcast aggregation outfit Boxee. While neither party has disclosed terms of the sale, VentureBeat believes the price tag was $US30 million. Boxee had fought battles with Comcast and Hulu over its …
management strategy2

Logicalis grabs former Insight EMEA sales chief Brooker

International managed services bigwig Logicalis has hired former Insight exec Tony Brooker to run its sales and marketing teams in the UK and Ireland, El Chan can reveal. The industry vet starts early next month (4 August) and will manage a team of 120 staff, the majority of whom are in field sales, but he will be expected to …
Paul Kunert, 07 Jul 2014

Big data minnow swallowed by security player Accumuli

AIM-listed specialist security player Accumuli has coughed £1.9m for small Bracknell-based big data analytics reseller and integrator EQUALIS, it confirmed to the City today. This bolt-on-buy adds a seven-strong band of big data boffins that sell software from Splunk - for which EQUALIS is Blighty's only authorised training …
Paul Kunert, 02 Dec 2013
Nokia Lumia 630 Windows Phone

Webinar: Enterprise mobile management with the Microsoft stack

Join Microsoft on June 4, 10am UK time for a live summit on the company’s enterprise mobility strategy. You can check out the full agenda and register for this event here. Can't attend on the day? Just sign up and we'll ping you when the session is available on demand. In this virtual event, Microsoft will discuss Windows Phone …
David Gordon, 23 May 2014

Brit giant Daisy stuffs face with treats, but she ain't piling on ££££££s

Telecoms provider Daisy Group forked out tens of millions of pounds on acquisitions in fiscal 2014 – only to see its top line stagnate as organic growth fell off a cliff in its legacy calls business. Operating losses have widened and debts mounted. The British biz spent £35.3m on four buys: £7.5m to pick up two of 2e2's data …
Paul Kunert, 17 Jun 2014
IBM's System x3620 M3 server

China clears Lenovo's slurp of IBM server biz

The Chinese Ministry of Commerce has finally approved Lenovo’s $2.3bn deal to buy Big Blue’s server biz, according to Reuters. The country’s anti-monopoly bureau has taken its time over the decision and the US authorities have yet to rule on the acquisition, but Lenovo has said it expects the deal to close this year. Chief exec …

Larry Ellison hands back $575m from Oracle's Pillar slurp

Oracle chief exec Larry Ellison has agreed to waive a potential payout of $575m to clear up accusations of a conflict of interest over Oracle's acquisition of Pillar Data Systems, a company Ellison owned. Ellison agreed to hand back over 95 per cent of an "earn-out" payday he got when Oracle slurped Pillar in 2011, after two …
paper cut-out men holding hands in linked semi-circle

Cisco pitches small cells into BYOD-heavy enterprises

With the acquisition of UK small-cell outfit Ubiquisys completed last month, The Borg's next step is to line up the channel, and to that end, it's announced a partner program to help carriers convince companies they need indoor 3G/4G cells on their campuses. The Cisco Small Cell Enterprise Select program is designed to pitch a …

Maplin Electronics sold for £85m to Rutland Partners

Electronics retail chain Maplin has been sold to a private equity firm for £85million - just a third of what it was acquired for a decade ago. Rutland Partners has snapped up Maplin and promised to use "change, restructuring and investment" in the pursuit of profitable growth. In a canned statement, Nick Morrill, managing …
Paul Kunert, 27 Jun 2014
Facebook

What's up, Zuck? Facebook asks Brussels to probe its GIGANTIC WhatsApp deal

Facebook has asked the competition wing of the European Commission to probe its $19bn buyout of WhatsApp in a move to apparently nullify a host of investigations being sparked in multiple EU nations. According to the Wall Street Journal, which cited people familiar with the matter, Facebook appears to be keen to swerve antitrust …
Kelly Fiveash, 28 May 2014
Flash_Writing_on_the_wall

Wham, bam, thank you NAND: SanDisk SSD sales soar

SanDisk sales are booming, based on its NAND foundry integration and well-executed move into enterprise storage. Record second quarter revenue of $1.63bn was 11 per cent up year-on-year. Net income was £274m, 4.6 per cent more than a year ago – with revenues growing faster than profits. SanDisk supplies consumer and business …
Chris Mellor, 17 Jul 2014
Openstack log

Speaking in Tech: Battle of the OpenStack boffins – LIVE from the summit

speaking_in_tech Greg Knieriemen podcast enterprise This week we have a special episode of our weekly Speaking in Tech techcast recorded live at The OpenStack Summit in Atlanta. If you're in the storage biz, you'll definitely want to plug in for this. Podcaster Greg Knieriemen hosted a lively panel discussion titled "Ask the …
Team Register, 14 May 2014

UKFast hoovers up customer list of BurstNET

UKFast has made its first acquisition under a newly recruited M&A head after taking on the local customer base of US hosting biz BurstNET. As previously revealed, the cloud silo and server hosting provider hauled in former LDC and PwC director Catherine Houghton to steer an acquisition plan after claiming it lost out to rivals …
Paul Kunert, 05 Jul 2013