Articles about Acquisitions

Confused computer keyboard

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
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

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

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
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
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 …

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 …

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
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
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

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
Sorry we're closed

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
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
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
padlock

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
management cio1

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
channel

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 …
HP

HP gulps down Aruba Networks for $3bn

After a period of abstinence from mega buys, HP has dipped into its cash reserves to find $3bn (£2bn) for wireless infrastructure biz Aruba Networks. The deal will form a welcome plug to HP's sliding network biz, which fell 10.8 per cent to $562m (£365m) in the company's first quarter results last week. Aruba posted sales of $ …
Kat Hall, 02 Mar 2015
management strategy3

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

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
Homer Simpson wearing a Glass headset to bed

Speaking in Tech: Google takes Glass out to the wood shed

Podcast speaking_in_tech Greg Knieriemen podcast enterprise This episode of El Reg's talkative techcast is hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. Tuck in. This week the team is back beating up on Google, and gloating over the end of Google Glass, or rather its "graduation" (“a bullet to the ****ing head”). It looks …
Team Register, 21 Jan 2015
Screaming kid

Oracle is BETTER at cloud than everyone else so NER, shouts Hurd (no Katz)

Oracle’s co-CEO Mark Hurd is banging the drum for the database giant’s success in cloud computing. In a TV interview Hurd is reported to have come out fighting. “Make no mistake about it, we are laser-focused on taking share, we are focused on growing,” Hurd is reported to have said. “We are focused on driving the company …
Gavin Clarke, 30 Jan 2015

Fancy radio maker Motorola Solutions reportedly seeking a buyer

Motorola Solutions is looking for a friendly company to take it under its wing, a new report claims. The firm – which was created when the old Motorola was split into two companies in 2010 – makes two-way radios and other communications equipment, primarily for governments and public safety outfits. That could explain why it …
Neil McAllister, 07 Feb 2015

Arrow CEO: Q4 was a 'record' quarter

In an alternative reality where one-off charges are meaningless, Arrow Electronics reported a healthy profit hike for calendar Q4 – however, in this (real) world, the picture was somewhat different. The distie colossus posted big sales of $6.39bn, up four per cent on the same period a year earlier, and this was without making …
Paul Kunert, 05 Feb 2015

Daisy Group: we'll double our biz inside 5 years

The now privately-owned B2B comms and tech biz Daisy Group is looking for the incoming CEO to plot a course to rule the SME customer space within the next half a decade. The Lancashire-based company today removed itself from trading on AIM in a buy backed by founder and current CEO Matthew Riley - he is soon to become chairman …
Paul Kunert, 22 Jan 2015
BlackBerry Classic QWERTY key smartphone

Samsung BlackBerry gobble DENIED: We're not for sale to Sammy – execs

Samsung was today rumored to be eyeing up acquiring BlackBerry for $7.5bn – until the Canadian biz point-blank shot down the anonymous claims within hours later. Reuters cited unnamed well-placed sources in announcing the South Korean giant was in talks with BlackBerry so it could snap up the troubled phone maker's patent …
Shaun Nichols, 15 Jan 2015

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
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

UK biz Six Degrees puts up 'For Sale' sign outside corporate HQ

A sales process is under way at mid-market managed voice and data hosting biz Six Degrees, with a corporate financier appointed to sniff out interested buyers. Private equity backer Penta Capital is eyeing up the exit route four years after stumping up £60m to back the former management team at SpiriTel to execute a buy-and- …
Paul Kunert, 05 Feb 2015
Telstra logo

Telstra posts first half-year AUD$2 BEEELLION profit

Australia's dominant telco, Telstra, has posted sterling half-year results. Income for the period to December 31st, 2014, was up 1.6 per cent to AUD$13.0 billion and earnings per share increased 23.4 per cent to 16.9 cents. Speaking of those shares, they're now at around $6.50 apiece, a price not seen since the early 2000s when …
Simon Sharwood, 12 Feb 2015

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
management management3

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

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

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

Microsoft: We bought Skype. We make mobiles.. Oh, HANG ON!

Analysis Microsoft has given us a glimpse of Windows progress this week – and it was generally well received – particularly the one-year "grace period" allowing Windows 7 holdouts to climb on board for free. While price won't induce Enterprise customers to upgrade, lower retraining costs will –and the majority will wait to see what the …
Andrew Orlowski, 23 Jan 2015
channel_partners_deal_handshake

Computacenter UK MD heading to Daisy Group as CEO

Enterprise reseller Computacenter’s (CC) outgoing big cheese Neil Muller is set to rock up as Daisy Group chief exec from early next year, The Channel can reveal. The 20-year CC veteran - who spent the last three as UK managing director - quit the business in November for pastures new, and though he refused to reveal his next …
Paul Kunert, 10 Dec 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
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
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

U.S. tech giant CDW: Our 35% stake in Kelway cost us $86.8m

The minority stake in Kelway cost US channel titan CDW $86m, but if all goes according to plan, it anticipates having to cough proportionately more to buy the remainder. As exclusively revealed by us in November, sales steamroller CDW – the largest channel partner on the PLANET – bought 35 per cent of Kelway with an option to …
Paul Kunert, 12 Feb 2015

ONTAP isn't putting NetApp ONTOP

Opinion NetApp's third quarter results were poor but NetApp revenues have been flat or falling for a couple of years now. Management doesn't seem to view this as a deep-set problem requiring deep-set answers. In the earnings webcast, NetApp's management said the Q3 revenue fall was due to foreign exchange (FX) and sales execution issues …
Chris Mellor, 12 Feb 2015

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
Cloudera logo

Cloudera doesn't want your money, honey, it wants your LOVE!

Cloudera will one day become a public company, but unusually won't do so with the primary aim of finding working capital, according to co-founder and chief strategy officer Mike Olson. Speaking to The Reg in Sydney today, Olson said the US$740m Intel invested in the company means it has all the cash it needs to get where it …
Simon Sharwood, 09 Feb 2015
The F-35B doors open from the side. Credit: JSF Program

Snowden doc leak 'confirms' China stole F-35 data

China now knows what most people in the west are catching up with: that the F-35 Joint Strike Fighter is a lemon. The latest round of managed information release by Edward Snowden via Spiegel (one of a series) includes the snippet that Chinese security services copied “terabytes” of data about the aircraft. The release states …
An obese belly, dangling freely. Pic: Tony Alter

Software firms are over-valued, says Huawei

Inflated valuations for software companies are discouraging possible acquirers, says Chinese giant Huawei. The Chinese giant’s global IT chief Yelai Zheng told us the high prices software companies asked made them less attractive to Huawei. “Communications companies are not expensive but IT and software companies are,” said …
Andrew Orlowski, 27 Nov 2014
Love

EMC CEO Joe Tucci tries to win hearts and minds from VC backers

Analysis EMC is going to ask its shareholders whom they support: CEO Joe Tucci or hedge fund exec Paul Singer? At a Wells Fargo investment conference last week, Tucci outlined his thinking about EMC’s recent history, its future and an appeal to shareholders. Paul Singer’s Elliott Management is the activist investor trying to persuade …
Chris Mellor, 18 Nov 2014
Columns of coins in the cloud

Alternative Networks CEO talks up the fluffy white stuff

Developers are beavering away at Alternative Networks on a biz cloud by integrating existing services and those of several tech suppliers it hoovered up during the opening month of the year. The London-listed comms and tech integrator raised a few eyebrows in January when it paid £50m to acquire hosted desktop player Intercept …
Paul Kunert, 02 Dec 2014