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
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China decides to cook its own chips – report

Chinese government-owned Tsinghua Unigroup, having failed to buy Micron, is going to make its own memory chips. The WSJ reports that TU will spend $12bn-plus to build a fab and make acquisitions. It's being positioned as part of China's long term goal of being less dependent on Western technology. The acquisitions will be …
Chris Mellor, 09 Nov 2015
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Dell SecureWorks files for IPO

Dell security subsidiary SecureWorks is trying to raise funds for working capital and acquisitions, according to a filing with the SEC. The S1 Form lodged last night indicates the division expects to sell up to $100m in stock but this is a placeholder figure that could change before the flotation. Under the terms of the plan …
Paul Kunert, 18 Dec 2015
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Redcentric lines up COO as new CEO

Managed services outfit Redcentric has confirmed operations chief Fraser Fisher is to jump into the CEO chair in the not-too-distant future. In a statement to the City, the AIM-listed firm its revealed succession plans with current head Tony Weaver to step down on 9 November when interim results are filed. Weaver is to remain …
Paul Kunert, 30 Sep 2015
DRagon

China has a chip to fry with y'all: Wants its own chip smarts and fabs

China is making more moves as it tries to set up an indigenous and patent-protected semi-conductor chip capability. Xu Jinghong, the chairman of Tsinghua Holdings, said in a Davos World Economic Forum interview that Tsinghua wanted to buy two semi-conductor manufacturing companies. Analyst haus Stifel Nicolaus' MD Aaron …
Chris Mellor, 25 Jan 2016
Young "creatives" whip out their mobile phones. Photo by Shutterstock

IBM buys two digital ad agencies in a week

One for the record: IBM is buying an online creative ad agency – the second in a week – for an undisclosed sum. This one is a 300-strong company Aperto, which is headquartered in Berlin and counts Airbus, Volkswagen and Siemens among its customers. The company will become part of IBM’s IX – as in "interactive experience" – …
Drew Cullen, 02 Feb 2016

Puppet Labs guards cash pile, gets chilly over IPO plans

Puppet Labs has laid out plans to scale up its R&D and sales operations, after tapping a credit line and apparently putting plans for a Spring IPO on ice. The IT automation vendor said last May that it expected to hit revenues of around $100m in 2015, and to make a stock market debut this spring. However, while last year saw …
Joe Fay, 20 Jan 2016

Juniper slurps packet-optical outfit BTI Systems

Juniper Networks has announced it's going to acquire BTI Systems. Once a packet-optical specialist, BTI Systems spent much of 2015 positioning itself into the software-defined networking (SDN) and network function virtualisation (NFV) markets. That work included giving its 8700 Series the ability to work with OpenDaylight SDN …
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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
Couple holding hands. Pic: Marina Aguiar

Israeli security firms Check Point, CyberArk in talks – report

Israeli security firm Check Point is reportedly in preliminary talks with local rival CyberArk about a possible acquisition/merger. Rumours of the courtship surfaced in Hebrew-language Israeli financial newspaper TheMarker on Wednesday, and lead to twitterings in some quarters that we were about to witness the birth of some …
John Leyden, 13 Jan 2016

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
£10 notes. Pic: Howard Lake

Six Degrees grabs £12m pot of cash from private equity overlord

The private equity backer that coughed for hosting and managed services outfit Six Degrees has stumped up £12m to fund organic expansion in 2016. The cash injection comes half a year after Charlesbank Capital Partners beat off competition from other finance houses to buy Six Degrees - the sale process started in February and …
Paul Kunert, 05 Jan 2016
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Speaking in Tech: That’s going to look really bad on LinkedIn!

Podcast speaking_in_tech Greg Knieriemen podcast enterprise Want to hear a funny wrap-up of everything important that happened in the tech world this week? Enterprise and consumer kit gurus Greg Knieriemen, Ed Saipetch and Sarah Vela are here to discuss the SolidFire-NetApp rumours, Virtustream, VMware, whether “Personal conduct” …
Team Register, 17 Dec 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
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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So, what should Atlassian spend its post-IPO riches on?

Atlassian could hit Nasdaq as early as next week, opening up the possibility of an acquisition frenzy as the Aussie turned British-based software firm reels in the cash - then starts spending it. The JIRA and Bitbucket vendor should raise as much as $370m, giving it a paper value of $3.6bn. The amended obligatory SEC filing …
Joe Fay, 04 Dec 2015
IBM Headquarters, Armonk, NY

IBM, Ustream-BM, we can't believe Ustream is now owned by IBM

IBM has acquired internet telly station Ustream in hopes of boosting its cloud lineup. Big Blue said that the video-streaming service would be added to its cloud lineup and, when combined with its other analytics and developer tools, it will give IBM customers a way to develop and use streaming video in their own applications …
Shaun Nichols, 21 Jan 2016
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Remember the Carrier iQ mobile snoopware? It's in AT&T's hands now

The once-controversial Carrier iQ phone support software has been acquired by AT&T. The phone giant said it had agreed to purchase the software assets of Carrier iQ as well as a handful of its employees. Carrier iQ, meanwhile, appears to have closed up shop, with its site now offline. "We have acquired the rights to Carrier …
Shaun Nichols, 05 Jan 2016

We want flying space cars and robo-butlers, and Pure Storage wants $450m in IPO cash

Flashy all-flash-array startup Pure Storage wants $450m in cash from its looming stock market debut. This would value the company at $3.1bn, giving its venture-capital backers a return of up to 6.6x on $470m in total funding. In an amended S1 filing with US financial watchdog the SEC, Pure Storage has priced its IPO shares …
Chris Mellor, 25 Sep 2015
OpenStack

Speaking in Tech: 'Look, Snapchat is porn... it isn't regulated!'

Podcast speaking_in_tech Greg Knieriemen podcast enterprise Hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week, everyone is back to talk about Cisco, over-priced watches, Snapchat porn and more. Our special guest this week is Mark Twomey (AKA Storagezilla). Here are the details: (1:00) Eddie, the Forbidden City, …
Team Register, 11 Nov 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

NetApp, now much more object storage than you’d think

Comment NetApp, the company usually known for its FAS appliances, is putting a lot of effort into making its object storage platform, StorageGRID, more competitive. And it’s coming around to what I’ve been saying for a long time now: end users need “Flash & Trash” or, put more professionally, a two-tier storage strategy. Previously, I …
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Proact CEO calls it a day after roller coaster profits ride

Three years at the top of Euro infrastructure integrator Proact was clearly enough for CEO Martin Ödman or the board. He helped drive top line expansion during his time at the top but profits fell short of expectations. The highly acquisitive outfit confirmed Ödman stands down today and that Jason Clarke, boss of its UK …
Paul Kunert, 08 Jan 2016

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 …
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China’s chip shop makes dash for flash with huge new fab

The Tsinghua Unigroup is spear-heading China’s dash to get its own flash fab off the ground. Filed plans show pilot production starting in 18 months. According to Stifel MD Aaron Rakers who has looked into the Tongfang Guoxin filing, the plant will build NAND and NOR flash wafers, not DRAM, with a 120,000 wafer starts/month ( …
Chris Mellor, 10 Nov 2015

Apple gobbles Brit AI outfit VocalIQ

Apple is reported to have snapped up UK artificial intelligence company VocalIQ, which had previously sneered at Cupertino's digital assistant Siri as being a mere "toy." The deal is the latest in a number of UK acquisitions this year, including media data startup Semetric in January and Camel Audio, a maker of virtual …
Kat Hall, 02 Oct 2015
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Cisco sees APAC turnaround, but enterprise and router sales slide

Cisco has turned in Q1 revenue and income well ahead of the same-time last year numbers, but has given traders a chill with less-bullish guidance for the future. The first quarter 2016 revenue, at US$12.7 billion, was only 3.6 per cent better than Q1 2015, but slimming down its costs meant the Borg reported net income of $2.4 …

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

Tax bill could kibosh Dell-EMC deal

Dell could be landed with a $9bn tax bill for buying EMC - a deal-breaker. That’s what Dell insiders are telling the Silicon Valley publication Re/Code. At the heart of their concern is how the Internal Revenue Service will treat the tracking stock in VMware, an EMC subsidiary, that Dell plans to issue to help fund the …
Drew Cullen, 11 Nov 2015
£10 notes. Pic: Howard Lake

CityFibre coughs £90m for nearly all of KCOM's UK comms network

Broadband player CityFibre claimed it is shaping up to be a viable “challenger” to BT after coughing £90m for KCOM’s national comms infrastructure – excluding Hull and East Yorkshire. The deal, which includes 1,100 km of duct and fibre network in 24 cities – 21 of which are new to CityFibre – and a long distance network, was …
Paul Kunert, 14 Dec 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
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Raytheon: Ho hum, another day, another $1bn cyber-security contract with Uncle Sam

Defense contractor Raytheon said it will be providing IT security for more than 100 US government agencies in a deal valued at upwards of $1bn. Raytheon said the billion-dollar contract, reportedly set to run for five to seven years, will include development and support of cybersecurity protections for the Department of …
Shaun Nichols, 30 Sep 2015

Activist investors want tepid Yahoo! to reboot crashed Marissa Mayer

Updated Activist investors Starboard have joined calls for a management overhaul at Yahoo!, arguing the company is hemorrhaging cash under its leadership. In a letter to the company's board (PDF), the investors note that the past year has been "extremely frustrating" for shareholders, which has seen a "continued downward spiral of the …
Kat Hall, 06 Jan 2016
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
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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

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 …
Paul Kunert, 17 Apr 2015

Imation sells off the family jewels

+Comment Imation, now run by activist investor Clinton Group people, is selling the Memorex trademark – and two trademark licences associated with it – for $9.4m, while also disposing of its corporate headquarter facility in Oakdale, Minnesota, for $11.5m. "Both sales are consistent with the (our) stated restructuring, wind down …
Chris Mellor, 11 Jan 2016
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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

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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Nimble CEO: When it comes to all-flash stars, there can be only... six

Comment Nimble Storage CEO Suresh Vasudevan told an investor conference he expects six all-flash array (AFA) suppliers to dominate the business, with Dell/EMC, HP and IBM being three of them. Vasudevan was talking at an analysts’ meeting, presenting multiple financial facets of his post-IPO company. Attendee Stifel MD Aaron Rakers …
Chris Mellor, 15 Dec 2015
Cash on scales. Pic: Images Money, Flickr

Iomart, Logicalis and VIRTUS buy data centre firms

The data centre sector witnessed a flurry of mergers and acquisitions activity today with three DC firms changing hands. Let’s start with Iomart, which is paying up to £11m for United Communications Ltd, a managed hosting firm based in Hemel Hempstead, with about 6500 mostly small business customers. Iomart is paying £7.5m in …
Drew Cullen, 01 Dec 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
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Accenture barges way into cloud market, buys Cloud Sherpas

Bloated integrator-cum-consultancy Accenture has gulped down cloud advisory and tech services outfit Cloud Sherpas for an undisclosed fee, signalling the start of major consolidation in this part of the market. Privately-owned Cloud Sherpas was born in 2007 and has expanded commercially and geographically over the years via …
Paul Kunert, 15 Sep 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
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I have one thing to say to MacBook users at EMC: Whoops

EMC/Dell deal Here are a few of my thoughts on Dell's announcement that it plans to buy EMC. 1. In a world where IT companies have been busy splitting themselves up – think HP, Symantec, IBM all divesting from server business – it seems a brave move to build a new IT behemoth. 2. However, some of the restructuring already announced hints …
StorageBod, 13 Oct 2015
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Remember Fairchild? It's still around, and worth $2.4bn in takeover cash

Fairchild Semiconductor, a company synonymous with the rise of Silicon Valley, has agreed to a $2.4bn acquisition offer. Arizona-based ON Semiconductor said it would pay $20 per share in an all-cash offer to acquire Fairchild and create a combined company targeting the mobile, automotive and industrial chip markets. "The …
Shaun Nichols, 19 Nov 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 …
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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