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
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

Annodata consumes print services minnow STS

Hertfordshire-based Annodata has plucked print services minnow STS Ltd from relative obscurity to bolt onto its own division that operates in the same field. The buy fills a gap in the portfolio, namely large format specialised printing, adds nearly £3m in annual revenues and a customer base including William Hill, and several …
Paul Kunert, 17 Feb 2015
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Revenue up 62 per cent, as Redcentric posts bumper post-buy results

Managed services biz Redcentric reported a significant increase in sales and profits for its full-year 2015 results, as the firm's acquisition strategy began to bear fruit. The Yorkshire outfit posted an increase in revenue of 62 per cent to £94.3m, compared with 2014. Profits rose to £8m from £1.8m for the same period. The …
Kat Hall, 15 Jun 2015
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Post-PC era? Surely you're joking, says Lenovo as computers fly out of door

Computers are still flying out of the door for Lenovo but Q4 profits crashed by more than a third due to a hike in operating expenses that followed several acquisitions. Net income fell 36.7 per cent to $100m as the buys of Motorola and IBM’s x86 server business took a toll on costs. The Chinese tech maker reported quarterly …
Paul Kunert, 21 May 2015

HP sets net to snare Aruba: reports

HP looks like breaking its long embargo on large acquisitions by snaffling Aruba Networks, according to emerging reports. Bloomberg's report cites the usual “people with knowledge of the matter” as saying the two companies are in talks, adding that the deal is in such early stages that it could still fall through. The Wi-Fi …

Sales flat for takeover-tastic Brit IT bods Daisy Group

Comms and tech supplier Daisy Group, which is to be de-listed from the Alternative Investment Market (AIM) this month, has posted an operating loss of £8.1m for the first six months to September 2014. According to its audited half-year financials posted on 31 December, revenue dropped just 0.3 per cent from £173.9m to £169.6m. …
Kat Hall, 05 Jan 2015
New World Computing Inc, King's Bounty

Alternative Networks: CEO retiring, long live...

Alternative Networks will wave goodbye to long-serving CEO Ed Spurrier at the end of this fiscal year in September, with current chief operations man Mark Quartermaine waiting in the wings for the top job. The LSE-listed comms and tech outfit confirmed the succession plans today as it outlined half-year numbers for fiscal 2015, …
Paul Kunert, 03 Jun 2015
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Facebook profits plunge by a fifth as buyouts soak up Zuck's cash

Profits at global ad platform Facebook plunged by 20 per cent on the year to $512m (£341m) for the company's first quarter, as it shelled out vast amounts of cash in pursuit of world domination. Costs and expenses for the first quarter of 2015 were $2.61bn (£1.74bn), an increase of 83 per cent from the first quarter of 2014. …
Kat Hall, 23 Apr 2015
Microsoft CEO Satya Nadella

Microsoft spunks $500m to reinvent the wheel. Why?

Comment As strange shopping expeditions go, this has to rank alongside London Bridge being bought, dismantled, and then rebuilt in Arizona. The world’s biggest software company, Microsoft, has now spent half a billion dollars on mobile apps that are poor cousins of its own Exchange and Outlook software. Apps that, in some cases, don’t …
Andrew Orlowski, 04 Jun 2015

Sources: Coms calls on corporate financer to flog telco biz

Embattled London-listed corporation Coms plc has tasked Knight Corporate Finance with finding a buyer for its voice division – and sources tell us that time is of the essence. The business comms outfit, which split with CEO David Breith in February after a boardroom bust-up, enlisted Paul Billingham, founder at Knight, last week …
Paul Kunert, 17 Apr 2015
Flying pig

VMware creates network function virtualisation team

VMware will create a new team dedicated to what it calls “networks functions virtualisation” (NFV). News of the initiative slipped into a canned statement about a pair of promotions at Virtzilla. The newly-titled ones are Sanjay Mirchandani, now corporate senior veep in addition to his role as leader of VMware's Asia-Pacific and …
Simon Sharwood, 11 Feb 2015
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Former Cisco money chief cash-lands at Red Hat

Cisco’s departed financial chief Frank Calderoni has landed as CFO and operations chief at Linux distro kingpin Red Hat. Calderoni was the network giant’s CFO for seven years and managed the company through growth, acquisitions, layoffs and restructuring. He replaces Red Hat’s CFO Charlie Peters, who is retiring. During his …
Gavin Clarke, 23 Jun 2015
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 …
"Nope in Manchester" - Erokism on Flickr - CC 2.0 license

Ericsson snaps shut wallet, damps down acquisition speculation

Ericsson has decided not to follow the example of Alcatel-Lucent and Nokia, telling Reuters it doesn't need a big acquisition. The company's chief strategy officer, Rima Qureshi told the wire service that the decision to continue going it alone followed a confab of 250 managers earlier this month. She said that “core …
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Speaking in Tech: LastPass hack was a total HASH, amirite?

Podcast speaking_in_tech Greg Knieriemen podcast enterprise Hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week, Sarah is out while Ed and Greg talk about the LastPass hack, OpenStack training certifications and Facebook privacy concerns in the EU. Our special guest this week is Ashley McNamara, Developer Advocate at …
Team Register, 17 Jun 2015
No Sale

Salesforce snubbed Microsoft's $55bn biz gobble offer – report

Microsoft wanted to buy cloud giant Salesforce.com for $55bn, it is reported. CNBC, citing anonymous sources, today claims the Windows goliath offered the 11-figure sum to Salesforce, but boss Marc Benioff wanted $70bn – a whopping price tag that ultimately sunk the deal. Salesforce has a market cap of $48.48bn. The talks …
Shaun Nichols, 22 May 2015

Speaking in Tech: Apple crumbles to Taylor Swift. Let the disruption begin

Podcast speaking_in_tech Greg Knieriemen podcast enterprise Hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week, the crew talk about antagonising construction workers in Seattle (they don’t like the Village People’s ‘YMCA’, apparently) the Open Container Project (container burnout, and who’s going to acquire whom, and …
Team Register, 24 Jun 2015
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 …

Senior execs at NTT Com Security quit, but not with immediate effect

Top brass at NTT Com Security are hot footing it out of the organisation at the end of next month, the company confirmed today. CEO Simon Church, formerly COO at reseller Integralis (which NTT acquired in 2009 to form the backbone of its security ops), and chief beanie Heiner Luntz, have quit. Climbing into the chief exec’s …
Paul Kunert, 23 Jun 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
Interesting USA map

Apple GOBBLE: GPS startup Coherent may make Maps somewhat more so

Apple is making efforts to improve its locationware by acquiring Coherent Navigation, a startup developing a "high-precision navigation service" using GPS. Founded in 2008, Coherent Navigation had been developing commercial navigation services, based on partnerships with companies such as Boeing and Iridium, which it intended …

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 …
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

Ailing Calyx Managed Services flogged to MXC Capital for £9m

Private equity fund Better Capital has offloaded troubled Calyx Managed Services to tech investment and advisory house MXC Capital for £9m in what signifies a likely break-up of the biz. VC veteran Jon Moulton’s Calyx MS came on the market before Christmas, with corporate financier Rickitt Mitchell & Partners distributing an …
Paul Kunert, 23 Feb 2015
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Cloud-engorged SAP's profits nosedive by a QUARTER

Profit plunged by 23 per cent to €413m (£296m) at Teutonic wannabe cloud-purveyor SAP for its first quarter as the company attempts to move away from its traditional on-premise software products. Revenue increased 22 per cent to €4.5bn (£3.2bn), compared with the same period last year. Cloud subscriptions and support revenue …
Kat Hall, 21 Apr 2015
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HP's M&A guru quits ahead of corporate split

The exec who oversaw some of HP’s chunky acquisitions and investments has left the building months ahead of the corporate split, with Dell’s software group reportedly his next bill payer. Tom Joyce was senior veep of global corporate development since August — transactions include the $3bn buy of Aruba Networks, plus deals with …
Paul Kunert, 11 Jun 2015
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock

HP Enterprise Services staff jog on, waving fat redundo cheque

HP has waved goodbye to a bunch of Enterprise Services staffers across Europe as it edges closer to the end of a multi-year job culling exercise and the big corporate split. Some 55,000 employees will have left the grand old lady of tech by the end of October when the programme – launched in 2012 – crosses the finishing line. …
Paul Kunert, 12 May 2015
GlobalFoundries Fab 8

IBM gets green light to sell off chips biz to GlobalFoundries

IBM looks to be in the clear to sell off its ailing chippery division to GlobalFoundries after US regulators gave the deal the nod on Tuesday. GlobalFoundries was spun off from AMD in 2009 with substantial funding from the Advanced Technology Investment Company, a wholly owned investment vehicle of the government of Abu Dhabi, …
Neil McAllister, 30 Jun 2015
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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
Axe, image via Shutterstock

Intel sharpening axe for job cuts this month – report

Intel is planning a major, company-wide staff reduction later this month, sources inside the company claim. Portland's The Oregonian newspaper claims to have obtained a confidential internal Intel document explaining that the company plans to keep its expenses flat in 2015, which will include reducing headcount by an unspecified …
Neil McAllister, 10 Jun 2015

Fat cable bods Comcast belch contentedly, stroke bulging broadband belly

Broadband sales boosted profits at US cable goliath Comcast by nine per cent to $3.9bn (£2.6bn) for the company's first quarter, compared with the same period last year. Overall sales rose 2.6 per cent to $17.9bn (£11.7bn), with revenue at the company's Cable Communications biz rising 6.3 per cent to $11.4bn (£7.5bn). Comcast …
Kat Hall, 05 May 2015
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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 …
BlackBerry Passport

Samsung joins BlackBerry in trashing Reuters biz gobble 'exclusive'

The president of Samsung has to put to rest any lingering speculation that his company was seeking to acquire smartphone minnow BlackBerry. Jong-Kyun Shin said in an email published by Bloomberg that the South Korean biz had no interest in buying the Canadian firm. "We want to work with BlackBerry and develop this partnership, …
Shaun Nichols, 21 Jan 2015

Liquidator: 2e2 preferential creditors to get £745k payout

2e2's preferential creditors, including former staffers made redundant after the business crashed and burned, have been told what they can expect collctively from the financial embers and it's not a lot. The Berkshire-based integrator’s UK ops went into administration at the start of 2013, the result of too many poorly …
Paul Kunert, 15 May 2015

Pricey buys pay off for shape-shifting Alternative Networks

Revving up the acquisition engine got previously misfiring B2B comms and tech outfit Alternative Networks' top line motoring again, but some resulting cost hikes dampened the bottom line. The AIM-listed firm reported a 20 per cent sales bounce to £137.8m for the year ended September, and it returned to organic growth, albeit at …
Paul Kunert, 10 Dec 2014

Yahoo! sees! profit! and! shares! fall! as! earnings! missed! - save! us! Japan!

A first quarter earnings report from Yahoo! revealed the company had missed its revenue forecast again, prompting a share price fall for the once great tech company, and increased talk of stake sales. Results for the quarter ended 31 March 2015 showed an “encouraging revenue growth of eight per cent, with display revenue growing …

Told ya! Coms flogs telco arm to Timico in £2.5m deal

Hard-pressed B2B communications provider Coms Plc confirmed this morning it is to offload the telco arm to Timico for an initial cash splurge of £2.5m. As exclusively revealed by us late last month, the London-listed business hired Knight Corporate Finance to manage a fire sale of the division following a failed restructuring …
Paul Kunert, 26 May 2015
Paul Winchell and dummy

Chip rumor-gasm: Intel to buy Altera! Samsung to buy AMD! ... or not

Rumors flew fast and furious on Friday about possible acquisitions in the chip industry, with both Intel and Samsung said to be eyeing purchases that could strengthen their positions against rivals. First up, Intel is thought to be planning to gobble specialty chipmaker Altera, in what could become the largest acquisition in …
Neil McAllister, 27 Mar 2015

Pre-split HP flops out plan to keep its sales pecker up

HP will parachute funded staff into its largest global channel customers to minimise disruption and ensure it maintains market share as the business is carved into two. Print and PC operations will be hived off to create HP Inc and the remainder of the company, including the new Aruba buy, will form Hewlett Packard Enterprise. …
Paul Kunert, 13 Mar 2015
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Google deal means game over for mobile payments firm Softcard

Google may not have bought Softcard – not exactly – but the online ad-slinger's deal with the mobile payments firm has apparently left Softcard with nothing to do but shut down its service. Google announced on Monday that it had acquired "some exciting technology and intellectual property" from Softcard, but it didn't say what …
Neil McAllister, 25 Feb 2015
Rows of washing machines in shop aisle

Just LOOK at this filthy Imation linen, screeches furious Clinton Group

The Clinton Group, wanting to have its own slate of Imation board members, has released an emphatic diatribe of a proxy vote presentation, designed to disgust investors with what it says are the value-destroying failings of the current board and CEO. The activist investor group pulls no punches, repeatedly saying that Imation's …
Chris Mellor, 15 Apr 2015
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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

Oracle snaps up Facebook data slurper Datalogix

Oracle has snapped up data slurping company Datalogix - an oufit best known for collecting info from retailers and sharing it with the likes of Facebook. Datalogix measures the offline purchasing data of more than $2tn (£1.3tn) in consumer spending against social media ad browsing. The company has 650 customers, including 82 of …
Kat Hall, 23 Dec 2014
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Avnet TS names vet Zammit as global el presidente

Patrick Zammit, the latest exec to grab global control of Avnet Technology Solutions (ATS), will be close at hand from his Brussels base to mastermind a sustained growth plan in EMEA, something that continues to elude the firm. A former senior auditor at Arthur Anderson - like many beanies now working in the channel - Zammit …
Paul Kunert, 06 Jan 2015
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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
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock

Unite: CSC using staffers' profitability to shape the future

The Unite union reckons some of CSC’s highest-paid Brit staff could be headed for the chopping block in the company's latest job purge, as it enters consultation with local management. The beleaguered integrator is bundling 800 workers out of the door to cut costs, with a proportion of those roles to be off- and near-shored, El …
Paul Kunert, 18 May 2015
A kite

Docker snacks on Mac app chaps: Kitematic to put UI on container tools

Linux container outfit Docker has expanded its staff yet again, this time by gobbling up the creators of a GUI Docker management tool for OS X. Kitematic, which became an official Docker product on Thursday, wraps Docker's command-line container wrangling tools in a point-and-click interface that simplifies the process of …
Neil McAllister, 12 Mar 2015