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Articles about Acquisitions

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Capita: We've spent £150m on acquisitions... SHOW US the MONEY

Serial acquirer Capita IT Services reported a low-single digit revenue jump for the first half of calendar 2014, but given the numerous acquisitions made this looks to be something of a commercial damp squib. The techie arm bulked up sales by just 2.7 per cent year-on-year to £235m in the period, not including the £60m worth of …
Paul Kunert, 23 Jul 2014
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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

EMC is shopping for Indian startups

EMC has revealed that it's set aside US$2.3 billion for acquisitions, and is tagging the startup sector in India as one target for its shopping expeditions. The company has told India's The Economic Times in India that it has a particular eye for startups in that country. Chirantan Desai, who heads up EMC's emerging technology …
The Register breaking news

Google splurges $1.5bn on acquisitions in nine months

Google has managed to spend around $1.5bn on acquisitions in the last nine months, including $265m in the month of September alone, according to a regulatory filing. The official form for its quarterly earnings for the US Securities and Exchange Commission (SEC) also detailed that the Chocolate Factory had splurged $151m on …
euros_channel_money

Wunderbar! Bechtle chairman fizzles after sizzling financials

Sprawling German-owned tech reseller Bechtle AG today reported a double digit spike in revenues as it made ground both in the relatively sluggish home markets and abroad, helped by acquisitions. Turnover in calendar Q2 was up 16.4 per cent to €603.7m (£482m) including a 14.6 jump in domestic revenues to €403.4m as those outside …
Paul Kunert, 08 Aug 2014
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IBM snaps up identity access gatekeeper tech

IBM has snapped up privately held security software firm CrossIdeas. Financial terms of the deal, announced Thursday, were undisclosed. Rome, Italy based CrossIdeas has been developing identity access technology since 2011. Its technology allows CISOs and security teams in big companies to automatically detect conflicts in …
John Leyden, 01 Aug 2014
hands waving dollar bills in the air

Calyx Software seals two reseller acquisitions for £6m

Private equity veteran Jon Moulton's buy-and-build vehicle Better Capital has forked out £6m for Cheshire-based developer Trinity Computer Services and the software reselling arm of Touchstone Group to bolt onto Calyx Software. These represent the first two acquisitions that Moulton has made since he rescued Calyx from …
Paul Kunert, 07 Jun 2011

Shopping spree helps Arrow counter organic sales slump

Healthy organic sales growth has once again proved slippery for enterprise tech bellwether Arrow Inc to grasp, though demand for heavy duty software and hardware started to re-emerge. At group level, the tech distie reported revenues of $5.68bn, up seven per cent year-on-year as reported – but this was largely due to …
Paul Kunert, 30 Jul 2014
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Arrow steers boss of enterprise wing towards ops control room

A bit of top-level reshuffling at global distie Arrow has led to the recreation of a COO position. The slot will be filled by current president of the enterprise computing wing, Andy Bryant. The last person to sit in the chief operations role was current CEO Michael Long, and the appointment should free up the big boss to tinker …
Paul Kunert, 21 May 2014
channel

Datatec on the hunt for acquisitions

Channel conglomerate Datatec is on the lookout for further acquisition targets after pushing up its top and bottom lines in the first of the year. The parent of distributor Westcon and integrator Logicalis pushed up group sales 14 per cent to $2.44bn (£1.54bn) and profit before tax climbed 109 per cent to $60.7m (£38.5m) in H1 …
Paul Kunert, 12 Oct 2011
Facebook WhatsApp

WhatsApp, Zuck? Facebook finally finishes $22bn upstart gobble

Having secured the blessing of European regulators, Facebook has completed its $21.8bn acquisition of WhatsApp. The company on Monday finalized with the US Securities and Exchange Commission that the deal, which adds up to about $50 per user account, has now been finished, complete with a $4.59bn cash payout to WhatsApp …
Shaun Nichols, 07 Oct 2014

Docker acqui-slurps Koality

Containerisation darling Docker has made an acquisition, slurping Koality for an undisclosed sum. Koality offers a continuous integration product, which Docker wants because CEO Ben Golub sees his company's eponymous product being used during the software development lifecycle. Docker's not a continuous integration company and …
Simon Sharwood, 07 Oct 2014

For-sale sign erected outside UK reseller titan Kelway's HQ

Venture capitalists and prospective trade buyers will get the chance to take a look under the hood of London-based mega reseller Kelway this week – when investment bankers metaphorically drive the biz onto the forecourt. US finance house William Blair is in charge of selling off Kelway. Our sources close to the company expect a …
Paul Kunert, 14 May 2014
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Juniper on the prowl for acquisitions

Upstart networking-equipment maker Juniper Networks is on the prowl. Speaking at a conference in Hong Kong on Monday, Kevin Johnson, Juniper's CEO, said that the company was interested in making targeted acquisitions, specifically in the areas of mobile communications and cloud computing. According to a report in The Wall …

Disappearing storage and server projects hit Arrow ECS

If ever proof were required that tanker sized distributors needs to keep acquiring to maintain growth levels then Arrow Inc's fiscal Q1 numbers provided the perfect test case. The Fortune 500 firm reported a five per cent rally in sales to $5.08bn but exclude the firms it hoovered up last fiscal year, including security distie …
Paul Kunert, 07 May 2014

Daisy back door sniffers bag extension to come up with the cash

It may be third time lucky for Daisy Group CEO Matthew Riley and his fellow consortium bidders, who were today granted yet another extension to show their money to the LSE-listed firm’s shareholders. Riley, along with Toscafund and Penta Capital, made advances to acquisitive B2B comms and tech supplier Daisy in August, but have …
Paul Kunert, 06 Oct 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
Orange Business Services Vblock Cloud

SAP, IBM snuggle up for HANA-as-a-service

IBM will host SAP’s HANA Enterprise Cloud on its global data centers, it was announced today. Big Blue reckons this means customers can run managed SAP workloads in the cloud from testing to production on a single, consistent architecture partly powered by IBM-owned SoftLayer. HANA is SAP’s in-memory database that sits beneath …
Gavin Clarke, 14 Oct 2014
Credit: Kelly Reeves https://www.flickr.com/photos/misskelly/5291975972/ CC-by-nd

Apple: Beats Music is safe with us. Just like your selfies in iCloud

Apple has denied rumors it is shutting down radio streaming service Beats Music, which it acquired with Dr Dre's Beat Electronics brand this year. The iThing giant told reporters on Monday that blog posts alleging the service will be discontinued are "not true". Apple didn't reply to our request for comment. It was rumored Beats …
Shaun Nichols, 23 Sep 2014
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Alternative Networks hauls in heavy duty sales hand

Alternative Networks has turned to former Vodafone UK enterprise channel boss Chris Huggett to reinvigorate stagnating sales. The appointment as group sales director at the London Stock Exchange-listed biz comms provider comes after a disappointing 2013 for investors, when revenue stagnated at £114m and operating profit dipped …
Paul Kunert, 13 Jan 2014
SAP

How's this for a biz expense? SAP pops $8.3 BEELLION on company card for Concur

SAP has announced it has agreed to acquire enterprise travel and business expense management software purveyor Concur Technologies in an $8.3bn takeover deal. The Germany-based giant will shell out $129 per Concur share – a 20 per cent premium – in a deal it expects to close by the end of the year or early 2015. SAP plans to …
Shaun Nichols, 19 Sep 2014

Hungry Brit giant Daisy Group extends D-day for buying consortium

The takeover saga at B2B tech and comms outfit Daisy Group looks set to rumble on for a bit longer yet after the London-listed biz again extended the deadline for a consortium of prospective buyers to prepare a bid. The Yorkshire-based firm last month received an approach to take the firm private from CEO Matthew Riley, backed …
Paul Kunert, 22 Sep 2014
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CMS Distribution bags industry big hitter for sales assault

CMS Distribution has pulled in tech vendor veteran Andy Bass to run its sales and marketing function and help plot the course to more than double the business over the next half a decade. The former Toshiba PC and TV exec veep for Europe split from the company at the start of ’14, rocking up in a senior role at sales performance …
Paul Kunert, 13 Oct 2014

eBay cops $3 BILLION tax bill after moving its profits back onshore

Online tat bazaar eBay has copped a $3bn tax bill after bringing $9bn of cash held overseas back to the US. The firm hopes to use the remaining money to fund potential acquisitions at home. The firm announced as part of its first quarter earnings that it had paid a discrete tax charge of around $3bn to bring the cash pile back …

Former Insight boss Fenton slurps Microsoft ERP channel biz

Former Insight EMEA president Stuart Fenton has picked up the UK arm of global Microsoft ERP integrator Tectura - the first in a planned mid-market roll up. The acquisition of London-based Tectura UK, a subsidiary of US firm Tectura Corporation, was completed by Fenton and his investment biz QuantiQ. After a decade running …
Paul Kunert, 03 Jun 2014

Shouty investor Elliott makes PUBLIC CALL for VMware sale

Activist investor Elliott Management, the holder of a billion dollars' worth of Hopkinton shares, has publicly called for a VMware sale in a letter to EMC's CEO and board. Its release has been nicely timed to closely follow on from HP's decision to split itself into an printer and PC company on the one hand (HP Inc) and a …
Chris Mellor, 08 Oct 2014

Datatec: turnover and profit went south in tough fiscal '14

Global tech goliath Datatec Group was left counting the cost of a botched ERP upgrade, margin chomping competition and legacy vendor claims at its distie wing Westcon in a year of declining profit. The South Africa-listed firm managed to push up revenues eight per cent to $5.69bn during fiscal '14 ended 28 February, helped by a …
Paul Kunert, 14 May 2014
management research

Brit giant Daisy Group extends deadline for buyers to make a mark

Daisy Group has granted a consortium led by CEO Matthew Riley extra time to make a bid to take the LSE-listed mid-market comms and tech outfit private. The exec, along with Daisy’s largest shareholder Toscafund Asset Management LLP and private equity house Penta Capital, last month made an approach to buy the business, tendering …
Paul Kunert, 10 Sep 2014
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Dimension Data hoovers up NextiraOne's Euro operations

Dimension Data has hoovered up certain subsidiaries of comms and networking integrator NextiraOne after the deal was given the green light by the European Commission's Mergers and Acquisitions team. The cash terms were not disclosed but initially Di Data will swallow 13 Euro country operations – including the UK – and, dependent …
Paul Kunert, 04 Feb 2014
SuperTim's bacon bounty sarnie

Pricey buys bring home bacon for Alternative Networks...sort of

Hauling in a heavy duty sales director and forking out millions for acquisitions has finally got the revenue dial moving in the right direction for AIM-listed Alternative Networks. It's not done the same for profits, though. The top line had stagnated and operating profits dipped in the previous fiscal year, so the comms-managed …
Paul Kunert, 05 Jun 2014
The Register breaking news

IBM gorges on cheap debt for share buybacks, acquisitions

IBM sometimes behaves like a bank, and sometimes like a private equity firm. Sometimes it even behaves like an IT vendor. This week, in selling $1bn in debt for doing acquisitions, Big Blue is behaving like a private equity firm. The debt is being sold between Monday and Thursday this week and pays out 2 percent on 30 November, …

Web collab outfit Assemblage becomes Cisco's latest appendage

Cisco's vision for the enterprise might still be telepresence and $US1,500 Android tablets, but The Borg is at least prepared to consider that some people might want their collaboration to come as cheaply as possible. To that end, the company has just bought WebRTC/HTML5 collaboration startup Assemblage, which pitches itself as …
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
GoPro HD Hero

Strap-on gumble biz GoPro files for stock market debut in US

Wearable camera-maker GoPro has filed with US regulators to raise at least $111m in an initial public offering. The firm, which markets its rugged wee point-and-shoots to sports enthusiasts, is breaking the mould for startups that want to go public by actually being profitable. The firm earned $60.6m in 2013, after it almost …
No Sale

NO SALE! Rackspace snubs all buyout offers, appoints new CEO

Rackspace says it has given up on plans to either sell itself or merge with another company, and to prove it the cloud hosting provider has named a new CEO to lead its next phase of independent operation. Rackspace had been considering "inbound strategic proposals" – meaning buyout offers – since May, when it brought in …
Neil McAllister, 17 Sep 2014
Scrooge McDuck

Lenovo cracks its first ever $10bn quarter

Lenovo sold a record-breaking 32.6 million pieces of kit in the last quarter, passing the $US10 billion (£6bn) revenue milestone for the first time. The PC giant’s third fiscal quarter ending 31 December saw revenue up 15 per cent year-on-year to $10.8bn (£6.5) and profits up even more, growing 30 per cent to $321m (£193m). The …
Phil Muncaster, 13 Feb 2014

Lenovo hires ex-CIA bod to push through Moto deal

Lenovo has hired former CIA and Homeland Security legal wonks to help push through its deals to buy Motorola Mobility and IBM’s x86 server business with US regulators, according to Bloomberg. The Chinese outfit is spending $US5 billion on the two big name acquisitions to become a top three player in both markets. People …
Phil Muncaster, 05 Feb 2014
Larry Ellison

Oracle swallows Corente, hopes to kick rivals in software networking bits

Oracle is buying software defined networking specialist Corente, upping the stakes in telecoms and cloud. Corente makes software to manage and provision applications and services regardless of IP network, transport type, access, security or provider over a wide area. Financial terms of the deal, announced on Tuesday, were not …
Gavin Clarke, 08 Jan 2014
SOURCE: http://www.sxc.hu/photo/959469

Wall Street woes: Oh noes, tech titans aren't using bankers

There was much astonishment over at the New York Times as it explained that the big Silicon Valley tech firms, the Googles, Apples, Facebooks, aren't using the traditional services of the Wall Street bankers as they make their acquisitions. There are a number of reasons for this. As to whether this is all a good idea or not, …
Tim Worstall, 20 Aug 2014
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Palo Alto Networks splashes $US200 million on Cyvera

Palo Alto Networks has announced that it's buying Tel Aviv-based Cyvera for $US200 million, including $US88 million in cash. The attraction is the Israeli company's TRAPS (Targeted Remote Attack Prevention System), an endpoint protection system for Windows machines, which PAN will add to its existing firewall and cloud security …
BlackBerry Passport

BlackBerry boss John Chen: We're FINISHED (with the job cuts)

BlackBerry has finished its long and painful restructuring process – and is even considering adding new employees. That's according to a leaked staff memo apparently sent by BlackBerry chief exec John Chen. In the file, he wrote that the process of laying off workers, which started three years ago, has now come to an end: "We …
Two mobiles man

Movirt-who? BlackBerry gobbles maker of multi-line smartphone tech

In a bid to firm up its pitch to enterprise customers, troubled mobile biz BlackBerry has bought Movirtu, a maker of tech that allows a smartphone to have multiple phone numbers active at the same time using a single SIM. Movirtu says its Virtual SIM Platform is based on "standard network technology," rather than VoIP, and it …
Neil McAllister, 11 Sep 2014

Ex Red Hat CTO installs self as Google Cloud boss

Red Hat’s former technology chief Brian Stevens has floated over to Google to run its cloud operations. Stevens suddenly left the Linux distro maker and aspiring OpenStack cloud fluffer after 12 years as executive vice president and chief technology officer. As of this month, Stevens has become Google’s vice president of cloud …
Gavin Clarke, 10 Sep 2014

Quick as a flash: SanDisk gobbles Fusion-io for an Instagram (that's $1.1bn)

The end-game for flash supplier consolidation is in sight: SanDisk is buying Fusion-io for a paltry $1.1bn. The bare bones are: All-cash transaction for $1.1bn, tendering $11.25 for each Fusion-io share. Both boards are in favour. Fusion’s PCIe flash card and ioControl shared flash array businesses will be integrated with …
Chris Mellor, 16 Jun 2014

EMC customer? You can only buy from third-party sales bods now

EMC says it will remove the tools that allowed its direct sales reps to quote kit prices to customers this quarter. The process is running slightly behind schedule due to some teething issues, but should be in place soon, it said. The internal reps used the Direct Express (DXP) to fire off quotes to customers while partners …
Paul Kunert, 15 Aug 2014
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Westcoast Group shuffles management deck

Westcoast has rejigged its management team to accommodate an expanding waistline having swallowed Viglen and QC Supplies in this month alone. Current UK and Ireland MD Duncan Forsyth has moved to a Group MD role overseeing Westcoast, XMA and new buys Viglen and consumables trader QC Supplies. In turn sales and marketing …
Paul Kunert, 16 Jan 2014
No Sale

NO SALE: IBM won't cash in its chips with GlobalFoundries after all

IBM's hopes of unloading its loss-making semiconductor division to GlobalFoundries have reportedly been dashed, with GlobalFoundries refusing to budge on price. Word that Big Blue was planning to sell off its chips business first surfaced in February, when the company retained investment bankers Goldman Sachs to help it put a …
Neil McAllister, 25 Jul 2014
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Yahoo! dumps! thing! that! made! it! Yahoo! and! told! to! bed! AOL!

A hedge fund is urging Yahoo! to form a "strategic combination" with fellow internet dinosaur AOL – just as Yahoo! announced it was killing off its founding feature, created about 20 years ago. In an open letter to Yahoo! CEO Marissa Mayer, investment house Starboard Value asked her to consider making a number of moves it thinks …
Shaun Nichols, 27 Sep 2014
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UK reseller titan Kelway's valuation heading north of £200m, say insiders

The first round of Kelway's sales process is understood to be over and the buy price has drifted north of £200m, or so say our insiders. Interested venture capitalists are still believed to be at the negotiating table, as are some trade buyers, with investment banker William Blair, appointed in January, overseeing the …
Paul Kunert, 26 Jun 2014
Vulture

SGI flutters onto corpse of Starboard Storage, pecks away at assets

The Register is hearing that HPC bods SGI have bought the assets of the failed unified file/block access and hybrid array startup Starboard Storage, which crashed and burned in October. Some Starboard employees are now back at work and the product line technology is set to continue. What's SGI about here? Their CEO is Jorge …
Chris Mellor, 09 Dec 2013