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
slice of pizza

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
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 …
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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
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
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

Keep 'em coming, folks: Huawei snaps up Amartus SDN division

Chinese kit maker Huawei has snapped up the software-defined networking division of Irish software outfit Amartus. Zha Jun, president of Huawei’s fixed network products unit, said the deal is part of the company's strategy is to expand its cloud and network services. Amartus’ senior team and product staff will join Huawei, …
Kat Hall, 13 Jul 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
eBay

PayPal chomps up money-moving biz Xoom ahead of eBay split

PayPal has scooped up digital money transfer provider Xoom for $890m (£570m), ahead of its split with eBay later this month. As part of its "uncoupling" with the online tat bazaar, PayPal will start out with $6bn (£3.9bn) in cash – which means more acquisitions could be on the cards. Dan Schulman, president of PayPal, said the …
Kat Hall, 02 Jul 2015
"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 …
Cloudy sky

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
£10 notes. Pic: Howard Lake

Channel vets eyeing up investments from atop mount cash

Channel merchant bank MXC Capital is sitting on a pile of cash and finance facilities that will be used to grab minority stakes in managed services outfits, software players and FinTech start-ups. The London Stock Exchange-listed buy and build vehicle founded by industry vets Ian Smith and Tony Weaver yesterday acquired …
Paul Kunert, 26 Aug 2015
Crapita logo

Never mind the redundancies as Capita splashes cash on Barrachd

Everyone's favourite outsourcer Capita has snapped up business intelligence outfit and IBM VAR Barrachd for an undisclosed pile of cash. The 38-strong Scottish biz develops bespoke BI software in the financial services, energy, and higher education sectors. Barrachd was founded in 2007 and its name means "more" in Gaelic – a …
Kat Hall, 09 Jul 2015

eBay flogs off eBay chunk for $925m as 'uncoupling' gets closer

Online tat bazaar eBay confirmed it is flogging off its eBay Enterprise division for $925m (£591m), while posting a seven per cent second quarter revenue increase to $4.4bn (£2.8bn). Total profits plummeted from $676m (£431m) to $83m (£53m) due to the $786m (502m) charge related to the sale of eBay’s enterprise unit. In …
Kat Hall, 17 Jul 2015

America helps ease Ericsson's pain

Ericsson boss Hans Vestberg is breathing a sigh of relief, with America's demand for mobile broadband stabilising enough to help it beat forecasts for the second quarter. The company announced on Friday that the North American territory had finally stabilised after declining for three quarters, helping both sales and profit …
A daisy

Daisy Group’s Riley: Integration of £200m + acquired beast starts today

Management at Daisy Group today start the mammoth task of integrating Phoenix IT Group, and getting the respective sales staff to cross-sell following yesterday’s purchase completion. The acquisition of tech services outfit Phoenix is the 48th acquisition Daisy has made since it was founded by chairman Matthew Riley in 2001, …
Paul Kunert, 17 Jul 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
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Claranet swallows a couple of tech minnows

Euro managed services outfit Claranet has used some of its£100m + war chest to dip into the Brit tech market, devouring minnows Linux IT and and Biz Continuity/ DR specialist Techgate. The London headquartered firm that has tentacles in Germany, France, the Netherlands, Portugal and Spain, renegotiated its finances with …
Paul Kunert, 09 Jul 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 …
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Informatica goes private – with Microsoft and Salesforce each taking a share

Data management outfit Informatica became a private company on Thursday, in a multibillion-dollar leveraged buyout that included investment from Microsoft and Salesforce.com's venture wing. Investors received $48.75 in cash for each share of Informatica, which previously had traded on the Nasdaq exchange. The total value of …
Neil McAllister, 07 Aug 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

Accenture still a little peckish as it snaps up digi biz Chaotic Moon

Outsourcing giant Accenture has snapped up digital biz Chaotic Moon for an undisclosed pile of cash. The Austin-based, 200-strong team apparently has digital design, prototyping, and development nous. The move is just the latest of a series of acquisitions designed to move the outsourcer out of the traditional managed …
Kat Hall, 23 Jul 2015
Two dollars

EMC splashed a BILLION dollars buying just one flashy upstart

Top mergers and acquisitions lawyer Michael Ringler helped EMC splash a cool billion dollars buying a rack-scale flash array upstart, The Register can reveal. It was in May 2014 that EMC swooped down and bought the stealthy DSSD rack-scale flash array startup. DSSD was founded around 2010 by two top Sun engineers involved …
Chris Mellor, 06 Jul 2015
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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

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 …
Green light

EU rubber-stamps Nokia's proposed Alcatel-Lucent gobble

The proposed mega-merger between Nokia and Alcatel-Lucent cleared a major hurdle on Friday, with the European Commission having given the deal its blessing. "The Commission concluded that the transaction would not raise competition concerns, in particular because the parties are not close competitors and since a number of …
Neil McAllister, 25 Jul 2015

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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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
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Kelway MD: A deal with CDW is NOT around the corner

Top brass at Kelway this week scotched talk on the shop floor of a pending deal with NASDAQ-listed CDW, claiming it will not be acquired outright by the US giant any time soon. CDW – the world’s largest tech reseller – acquired a 35 per cent stake in London-based Kelway late last year for $86.8m. Included in the sale was a 30- …
Paul Kunert, 02 Jul 2015
sap security vulnerabilities

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
Donald Trump

Trump carded: Wannabe prez's hotels 'ground zero' in banking breach

Payment systems used by Trump Hotels might have been compromised, allowing copies of credit cards to fall into the hands of fraudsters, it is feared. Investigative journo Brian Krebs said that officials at several banks have told him they have spotted a pattern in fraudulent charges appearing on people's cards: all the victims …
Shaun Nichols, 02 Jul 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
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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 …
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

Intel 80386 queen Renée James quits as chipmaker's president

Intel president Renée James is leaving the silicon giant to become chief exec of another firm as part of a set of leadership changes announced by Intel CEO Brian Krzanich on Thursday. "When Brian and I were appointed to our current roles, I knew then that being the leader of a company was something that I desired as part of my …
Neil McAllister, 02 Jul 2015
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
Dell logo in crosshairs

Judge says some top Dell shareholders are plum out of luck in share buyout beef

Dell has successfully whittled away at a lawsuit brought against it by major shareholders who think Michael Dell's 2013 buyout of the firm came with too small a price tag. In a Monday ruling, the Delaware Chancery Court found that five large institutional investors were ineligible to participate in the suit because the way in …
Neil McAllister, 13 Jul 2015