Articles about Acquisitions

Verizon corporate building

Verizon blames striking workers for dent in sales

Fresh from its $4.8bn acquisition of Yahoo!, Verizon says its sales dropped five per cent year-on-year in its latest quarter, the three months to the end of June. Essentially, US telecom giant's wireless and wireline revenues fell over the year-ago quarter. Here's a summary of VZ's Q2 2016 results: Revenues of $30.5bn were …
Shaun Nichols, 26 Jul 2016

BlackBerry's new best pals: Microsoft, Google, Samsung

BlackBerry didn't drop any bombshells at its annual Security Summit last week. Unlike previous years, there were no surprise acquisitions or products. But it did conspicuously share the limelight with a number of partners, some of which may make jolly good new owners. On the stage were Samsung, Google and Microsoft. The latter …
Andrew Orlowski, 26 Jul 2016

Yahoo! She said yes. Verizon confirms $4.8bn acquisition

Verizon has today confirmed it will splash out $4.83bn (£3.7bn) buying Yahoo, with the deal expected to close in the first financial quarter of next year. The telco was one of 40 suitors rumoured earlier this year to be interested, including Google parent Alphabet, Time and even Daily Mail parent DMG. Yahoo! has been on a …
Kat Hall, 25 Jul 2016
Fibre, image via Shutterstock

Not-BT-Openreach' biz CityFibre sextuples pipeline

Cable-layer CityFibre has booked a six-fold increase in contracts during its first half of 2016, with £53.8m in the pipeline compared with £8.1m for the same period last year. New contracts signed in the period comprise 3,702 new customers, more than three times the total amount on the books in 2015 (1,110), and more than …
Kat Hall, 25 Jul 2016
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TalkTalk: 9,000 broadband customers did the walk walk last quarter

UK ISP TalkTalk has confirmed 9,000 customers abandoned its broadband services in the first three months of fiscal '17 ended June – and that overall group sales were pretty much flat on the prior year period. The provider did not release the exact turnover for the period - that comes at the half way point of the year - but it …
Kat Hall, 20 Jul 2016
mergers and acquisitions

EMC staffers: We are crashing into Dell within weeks

Staffers at EMC and its subsidiaries are to get Dell email addresses from the start of next month as the proposed mega buy edges closer, insiders have told The Register. EMC shareholders last night approved the $62.4bn bid – somewhat lower than the original $67bn offer due to a slide in VMware’s share price – and Chinese anti- …
Paul Kunert, 20 Jul 2016
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VCs: Can't see an IPO or acquisition for your startup? Don't throw in the towel

Comment There surely must be an alternative to the two preferred exits for VC-backed startups – IPO or acquisition – in these times of near-VC funding drought and what seems like IPO fatigue. It used to be simple: build a storage startup that could take money and customers from the mainstream vendors, sit back and wait for competitors …
Chris Mellor, 19 Jul 2016
Opera singers

Opera sells open-source Chromium browser for $600m to Chinese bods

Opera will sell its web browser technology to Chinese investors for $600m after a larger sale worth $1.2bn fell apart. The Norwegian company said in a filing to the Oslo Børs stock exchange that it had agreed to an arrangement that will see the Chinese-backed Golden Brick Capital Management private equity fund take control of …
Shaun Nichols, 18 Jul 2016
CHILE -FEBRUARY 6: Moais in Rapa Nui National Park on the slopes of Rano Raruku volcano on Easter Island, Chile. Photo by Shutterstock

The History Boys: Object storage ... from the beginning

Backgrounder This is a terrific object storage history map from Silicon Valley object storage guy Philippe Nicolas*, who has put together a spreadsheet detailing the history of content-addressable storage (CAS**) – otherwise generally known as object storage. I have heard so many odd things about suppliers and technologies in this market …
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Atlassian looks at StatusPage, reaches for wallet

Atlassian has made its first buy since raising $462m in its December IPO, snapping up StatusPage. StatusPage, which is barely three years old, is described as "the leader in status and incident communication." More particularly, it offers a hosted service for status pages covering incidents, scheduled maintenance and the like …
Joe Fay, 14 Jul 2016
Stranded_ships

Falling PC tide strands Seagate's disk drive boats. Will WDC follow?

Comment Seagate has announced its latest quarterly results will be unexpectedly good but there will be employee bloodshed. Another 6,500 layoffs on top of the 1,600 announced in June will take place. WDC did say it was cutting 507 US staff in June but these are the tip of an expected iceberg, which will see thousands of positions …
Chris Mellor, 12 Jul 2016
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NetApp CEO Kurian: Buying SolidFire was a long-term strategic bet

Interview Chief executives of multi-billion dollar corporations have to have several characteristics, including steel, the ability to see things as they are, and possession of a personal value system that meshes with their corporation’s culture. Some CEOs, when promoted to the top chair after long employment in a corporation, sometimes …
Chris Mellor, 11 Jul 2016

IBM storage has a new boss: The same one it had six years ago

IBM has a new storage boss, Ed Walsh, Storage Division General Manager, replacing interim GM Greg Lotko who keeps his VP development slot in the unit. Walsh had been CEO and president of copy data management company Catalogic since July 2014. He joined Big Blue for the first time in 2010 when it bought Storwize, a storage …
Chris Mellor, 01 Jul 2016
Man in suit counts out piles of dollars. Photo via Shutterstock

Embiggening AWS doubles its UK sales to £254m

Cloud slinging (and tax avoiding) Amazon Web Services nearly doubled its revenue in the UK last year, pulling in £254m. According to analyst TechMarketView's annual Software, IT & Business Process Services (SITS) report, the cloudy biz pushed up sales locally by 45 per cent, a foothold that will likely increase once AWS sets …
Kat Hall, 01 Jul 2016
Internet-enabled baseball

JFrog's marriage made in ... well: Internet of Things, meet DevOps

CD vendor JFrog has proclaimed the Internet of Things (IoT) is the next frontier in DevOps as it ponders how to spend the $50m investment shot it received earlier this year. The vendor announced a raft of alliances and product tweaks at its user conference in Napa at the end of last month, including binary and container …
Joe Fay, 14 Jun 2016

Three Four top Cisco execs leave after being made 'advisors'

Updated Last week, a Cisco reorganisation switched three of its big names to advisory roles: this week, they've left the company. The individuals involved are Mario Mazzola, Prem Jain, Luca Cafiero, and Soni Jiandani were referred to as “MPLS” within the company (Cisco was an early contributor to the protocol of the same acronym). …

Western Digital to axe 507 California staffers

Western Digital is planning to lay off 507 workers, according to paperwork submitted to California's department of employment. Under the US state's Worker Adjustment and Retraining Notification (WARN) system, employers must give a 60-day heads-up to affected staff plus state and local representatives prior to a plant closing …
Chris Mellor, 02 Jun 2016
Pennies in a jar. Photo via Shutterstock

Go Comparex: Microsoft house counts cost of dealing with Gov.uk

The cost of righting historic accounting wrongs and winning lower margin or empty calorie government business has left Microsoft licensing slinger Comparex UK nursing losses. The firm piled on the British Pounds in the year ended 31 March 2015, growing turnover organically by a whopping 31 per cent to £41.95m, P&L accounts …
Paul Kunert, 02 Jun 2016
SQL Server 2016 supports hybrid cloud as well as on premises deployment

SELECT features FROM bumf... What's new in MS SQL Server 2016

Microsoft has released SQL Server 2016, adding new security features, improved query profiling, Hadoop integration, hybrid cloud capabilities, and R analytics to its database server, along with numerous other improvements. Calling SQL Server a "database server" does not do justice to its scope. The main components are: …
Tim Anderson, 01 Jun 2016
Marc Benioff of Salesforce. Pic: Techcrunch

Salesforce slurps up Demandware for $2.8bn

Cloudy CRM biz Salesforce has slurped up e-commerce provider Demandware for $2.8bn (£1.9bn) in a bid to broaden its portfolio. Salesforce has rarely turned a profit in its last 17 years, preferring to prioritise growth - a strategy its newest acquisition will reinforce. For its full-year ending January 31, Salesforce posted $ …
Kat Hall, 01 Jun 2016
Piggy bank, image via Shutterstock

Microsoft wants to fling money at startups. Don't all rush at once

Microsoft is stretching out its foot to dip a tentative toe into the waters of early stage investment, under a revamp of its Microsoft Ventures programme. Announcing the plans to plough more money into startups, Nagraj Kashyap, veep at Microsoft Ventures, said: "In Microsoft’s history of engaging with and supporting startups, …
Kat Hall, 31 May 2016
Lenovo TinyOne PC and monitor

Lenovo: Markets for our products 'will remain challenging'

Mergers and acquisitions and restructuring costs led to Lenovo booking its first annual loss since 2009, but crappy demand for PCs and smartphones didn’t exactly help to wax the bottom line either. The Beijing HQ’d biz reported sales for fiscal ’16 ended 31 March of $44.9bn, down three per cent year-on-year, after ending the …
Paul Kunert, 26 May 2016
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Hardware sizzles for HPE – and brings home the bacon

Software and IT services might make the world go round – at least in the heads of Wall Street moneymen – but it was hardware that once again brought home the bacon for Hewlett Packard Enterprise. For the three months ended 30 April (second quarter fiscal year 2016 – summary, tables [PDFs]), HPE's turnover edged up one per cent …
Paul Kunert, 25 May 2016

Blighty's Virgin Queen threatened with foreign abduction

Royal Museums Greenwich has launched an appeal to save for the nation a fine reminder of when England's dealings with Europe involved not referendums but hostile navies at the receiving end of righteous storm and cannon fire. The Armada Portrait of Elizabeth I. Pic: Royal Museums Greenwich A reminder of the good old days ( …
Lester Haines, 23 May 2016
Music listener rasta

Pandora investor: Sell this company sooner rather than later

A major investor in Pandora wants the company to sell out while it can. Hedge fund Corvex Partners has revealed that it owns 10 per cent of the veteran streaming music company – and that selling out to a larger company is preferable to pursuing a "costly and uncertain business plan." In a US Securities and Exchange Commission …
Andrew Orlowski, 18 May 2016
The Triton unmanned aircraft system completes its first flight May 22, 2013

Storage startups: Everyone's throwing money at you...

Blog The storage industry and IT as a whole are experiencing an interesting transformation and, as is happening in many other fields, everything is accelerating and it’s becoming very difficult to keep riding the wave for a reasonable length of time. Last week I had a conversation with Andy Warfield (Coho Data's CTO). Most of our …
Gridstore HCA

HPE: Where IT shops ... for their CEOs

Nariman Teymourian, an ex-SVP and general manager for converged systems at HPE, has been appointed as Gridstore CEO, replacing the departed George Symons, who left on April 19. Teymourian was the former chairman and CEO of Gale Technologies Inc, which was acquired by Dell in November 2012. Before that he founded Caspian …
Chris Mellor, 06 May 2016
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Q. What's orange and white, has a new CEO but is red all over? A. Teradata

+Comment Data warehouse and biz intelligence wrangler Teradata made a loss in its first quarter of 2016. It also recruited a new CEO to get the company motoring again. The new broom is 67 years old, and you don't need big-data analytics to see he won't be around for long. Teradata's revenues for the three months to March 31 were $545m …
Chris Mellor, 05 May 2016
Aligator eating a crab

FCC gives the nod to $17.7bn US cable mega-merger (no, not that one)

America's internet mall cop the FCC has approved the proposed $17.7bn merger between Altice and US cable provider Cablevision. The deal, which is now only awaiting approval by state regulators, will give the Dutch-based telecoms biz Altice the fourth largest cable network in the US. If the gobble is successful, Cablevision …
Shaun Nichols, 04 May 2016
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Telstra wants to become the Uber of Telstra

Telstra wants to become the Uber of Telstra. CEO Andrew Penn today said, at an investor day, that customer experience is a core concern for the company's future. The carrier's customers don't benchmark Telstra against other telcos, he said, but agains the likes of Uber and Airnbnb. Telstra's therefore going to use those …
Simon Sharwood, 01 May 2016
Trillian chats to a depressed Marvin the Robot in the 2005 film version of Hitchhiker's Guide to Galaxy. C Walt Disney Pictures

Food for Deep Thought: 42 is IBM's answer to Life, the Universe and Everything...

Analysis Deep Thought calculated the number 42 to be the Answer to the Ultimate Question of Life, the Universe and Everything. Over at IBM it was the frequency the word "transform" was used to explain another dire quarter. The supercomputer in The Hitchhiker's Guide to the Galaxy took 7.5 million years to determine the importance of …
Paul Kunert, 29 Apr 2016
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BlackBerry is pivoting from phones to enterprise software

Interview BlackBerry’s purchase of rival Good has begun to convince people it can make the big shift from phones to enterprise software. The company’s global sales chief Carl Wiese shared his view of the post-Snowden, post-Schrems landscape with The Register. “On conference calls last year almost all of the questions from financial …
Andrew Orlowski, 25 Apr 2016
Yahoo! branded bus

What's wrong with the Daily Mail Group buying Yahoo?

Analysis Right now MailOnline parent the Daily Mail Group is worth at most £2.5bn, and the few content assets that Yahoo! is supposed to be selling, are already worth way more than that. But the issues go deeper. DMG – parent both of the Daily Mail print newspaper and the massively successful online site Mail Online – has no magic …
Faultline, 18 Apr 2016

Seagate revenue numbers rain on cloud after market misses

+Comment Seagate has issued an early warning that its third fy2016 quarter revenue will be off by $100m from its forecast of $2.7bn. The company expects to report revenue of approximately $2.6bn and non-GAAP gross margin of approximately 23 per cent, for the quarter which ended April 1 – no, this is not a late April Fool joke. The …
Chris Mellor, 15 Apr 2016

Ruckus: A strong buy for Brocade, but leaves Juniper isolated again

Comment Pity poor Juniper. The networking company’s alliance with Ruckus Wireless last summer raised hopes that it would strike it third time lucky in the Wi-Fi market, filling the gaping wireless gap in its platform. Now Brocade has snatched carrier Wi-Fi leader Ruckus from under its rival’s nose with a $1.2bn acquisition. It's the …
Wireless Watch, 13 Apr 2016

DevOps firms must play with all – despite web of alliances

Major DevOps players are meshing together with acquisitions, alliances and technical partnerships, but are not in danger of splitting into a series of competing armed camps, the CEO of Puppet has claimed. Puppet announced a major overhaul last week, announcing its intention to bring some of the edgier technologies into …
Joe Fay, 12 Apr 2016
Boy slurps watermelon. Credit: Shutterstock

Total cloud: Huawei's plan for planet's telcos and its own bottom line

Huawei reckons it can outgrow its enterprise competitors without seeking a bumper acquisition and is going to spend two years cloud-enabling its entire networks product line. Reports from the company's 2016 analyst summit in Shenzhen, China, suggest that rotating CEO Eric Xu (the company has three CEOs, who take six-month …
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Capita not sitting on Hands: IT Enterprise Services boss splits

Capita IT Enterprise Services (ITES) overlord Peter Hands has strapped on his walking boots and strolled right out of the business for pastures news, the company has confirmed. Insiders claimed Hands had been under some pressure from the group’s joint COO Dawn Marriott-Sims, who was critical of the whole of ITES, “especially …
Paul Kunert, 11 Apr 2016
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Exertis slurps wireless distie Siracom

One of the UK’s bulkiest tech distributors Exertis has piled on a few more pounds by acquiring wireless infrastructure and security minnow Siracom for an undisclosed sum. Siracom, which also has offices in beautiful Basingstoke, sells products and services from vendors including Samsung, Fortinet and a bunch of lesser knowns. …
Paul Kunert, 07 Apr 2016

WhatsApp at BlackBerry? For one thing, BBM's now free

BlackBerry has abandoned the freemium model it tried to build around its pioneering chat client BBM, and is making all of its goodies available for free, including secure encrypted chat. The company previously charged a subscription for being able to retract and delete messages after a period of time, giving users three of …
Andrew Orlowski, 04 Apr 2016
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Kelway founder and CEO Phil Doye steps out of role

Exclusive The brand swap isn't the only major change happening at the London-based Kelway – company founder and CEO Phil Doye is stepping down from daily operational duties, El Chan can reveal. The services-based reseller was acquired by the world's largest tech dealer CDW in July, and much of the senior management has remained in place …
Paul Kunert, 30 Mar 2016

Whatever happened to ... Nest?

Remember Nest Labs? Google spunked $2bn (£1.41bn) on the home appliance outfit two years ago. The acquisition was supposed to put Google-owner Alphabet at the heart of the "internet of things," and in the consumer mainstream. Nest cofounder Tony Fadell had been the design force behind the iPod as a contractor. Google mostly …
Andrew Orlowski, 29 Mar 2016

Pandora punch-up sees CEO exit, shares drop

A row over the future of music streaming service Pandora has led to the departure of its CEO and the return of the company's founder to the position. Shares in the company have dropped 10 per cent on the news that Brian McAndrews will leave as the company's chief exec, effective immediately, and be replaced by Tim Westergren, …
Kieren McCarthy, 28 Mar 2016
Cat lies exhausted in front of a sandwich board advertising an internet cafe, with all manner of tech companies' branding plastered all over it: Google, Yahoo, Facebook, MSN , Skype, ,Opera, Ventrilo, Twitter, MIRC!!!

Top! tip! for! Yahoo! – 'Fire! your! board! of! directors!'

The activist investor firm who first pushed for the sale of Yahoo!'s core search business now wants to oust its board of directors. Starboard Value says that it wants to replace all nine directors at the Purple Palace with its own group of nine execs, who will make a "significant change" at the ailing search and advertising …
Shaun Nichols, 24 Mar 2016
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Web hosting and domain name merchant UK2 Group puts up for sale sign

Hosting and domain name registrar UK2 Group is using the services of an investment banker to find a buyer - the second such attempt in a year, sources have claimed. Torch Partners is running the process on behalf of owner LDC, the mid-market private equity wing of Lloyds Banking Group, which took a majority stake in the group …
Paul Kunert, 24 Mar 2016

Apple mulled gobbling its Brit GPU designers – but didn't like the taste

Apple was considering buying Imagination Technologies – designers of the PowerVR graphics processors in its iPhones and iPads – but walked away from the deal. In a statement today via Imagination and the London Stock Exchange, the Cupertino giant said: "From time to time, Apple talks with companies about potential acquisitions …
Chris Williams, 22 Mar 2016
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Union warns of second round of 'massive' layoffs at IBM in Europe

IBM staffers in Europe face another wave of deep cuts, according to a top union official. Marc Born, secretary of Big Blue's European Works Council, has warned a "second massive restructuring" effort at the company will kick off in 2016. This comes six weeks after the IT giant announced a round of layoffs in late January – its …
Chris Williams, 22 Mar 2016
A cute cat in a jumper waves goodbye.... Pic via Shutterstock

Lenovo says bye-bye to key exec amid massive spring reorganisation

Lenovo is embarking on the mother of all spring cleans after digesting the acquisitions of Motorola and IBM’s volume server biz. The group is re-arranging execs and the business units they steer amid numerous sector challenges, including the weakened state of demand for traditional PCs, tabs and smartphones, or the sales hit …
Paul Kunert, 21 Mar 2016
Promo pic of Intel-acquired Replay Technologies FreeD product.

Intel in 3D and virtual reality dash

Comment Intel and Qualcomm are increasingly extending their reach beyond their core chip technologies and into surrounding technologies and even applications. Both seek to enhance their revenues and account control with end-to-end offerings in key emerging areas of technology such as virtual reality. Last week, Intel acquired Replay …
Wireless Watch, 21 Mar 2016
Apple iPod touch

Apple's largest UK reseller Jigsaw24 is for sale

The UK’s largest Apple reseller, Jigsaw24, is for sale, multiple industry contacts have told The Channel. The Nottingham-based B2B seller has hired Deloitte to run the process, a move that comes just three years after private equity outfit NorthEdge Capital (NEC) moved in to back a roll up by the management team. In recent …
Paul Kunert, 18 Mar 2016