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Articles about Acquisitions

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UK reseller titan Kelway's valuation heading north of £200m, say insiders

The first round of Kelway's sales process is understood to be over and the buy price has drifted north of £200m, or so say our insiders. Interested venture capitalists are still believed to be at the negotiating table, as are some trade buyers, with investment banker William Blair, appointed in January, overseeing the …
Paul Kunert, 26 Jun 2014
Vulture

SGI flutters onto corpse of Starboard Storage, pecks away at assets

The Register is hearing that HPC bods SGI have bought the assets of the failed unified file/block access and hybrid array startup Starboard Storage, which crashed and burned in October. Some Starboard employees are now back at work and the product line technology is set to continue. What's SGI about here? Their CEO is Jorge …
Chris Mellor, 09 Dec 2013

Azzurri exec set have a brand new CEO: Former BT bigster Chris Jagusz

Ailing integrator Azzurri Communications has charged former SSE Telecoms boss Chris Jagusz with revving up the stalling motor when he returns well oiled from a, er, "summer break". The start date for Jagusz was not specified by his new employer but he will take over from chairman Steve Andrews who is to become interim CEO from 8 …
Paul Kunert, 29 May 2014

Carphone Warehouse, Dixons embroiled in £3.7bn merger rumour

Sir Charles Dunstone once told your humble correspondent that he would never have more than 50 shops. Today his Carphone Warehouse empire has more 2,000 shops across Europe, and is rumoured to be about to add another 500 – through a merger with PC World and Currys owner Dixons. Discussions have been going on since February, we' …
Simon Rockman, 08 May 2014
cloud

OpenText says punters want low latency, sovereignty certainty

Last week, OpenText joined the growing number of international software outfits to stretch its cloud to Australia. Vulture South spoke to engineering senior VP Muhi Majzoub about the decision to host a local data centre. With 30 racks and what the company told El Reg is a multi-million dollar investment, Majzoub said the …
Gun and dollars

Ex-Autonomy execs: HP's latest wad blows apart fraud allegations

Another week, another round in the ongoing bunfight between HP and the former management team of Autonomy. This time, the ex-Autonomy bods have claimed that new court documents filed by HP prove the latter has misrepresented the reasons why it had to write down $8.8bn in its botched acquisition of Autonomy in 2011. In a lengthy …
Neil McAllister, 12 Sep 2014
Apple Store Scottsdale

Reports pump fuel into iCar gossip: Apple in 'talks' with Tesla

Apple and Tesla reportedly met to discuss a deal that could clear the way for a Cupertino-designed iCar. The San Francisco Chronicle suggested that Apple and Tesla met last year to discuss a possible link-up. Citing an unnamed source, it claimed Apple's merger and acquisitions chief, Adrian Perica, met with Tesla CEO Elon Musk …
Jasper Hamill, 17 Feb 2014
hands waving dollar bills in the air

Moneymen dash to hand cash to storage upstarts

There has been a sudden rush of venture capital cash to storage startups as mainstream vendors respond to the upstarts' products and squeeze their growth window. The backing VCs want fast growth to IPO level run rate revenues so they can get their exit before the startup's growth fizzles out. Only last year, storage startups …
Chris Mellor, 06 Oct 2014
Viber logo

Play.com tech titan snaps up 'VoIP-tastic WhatsApp' firm Viber

Japanese ecommerce giant Rakuten will slurp messaging app Viber for $900m in cash as it continues its plans for world domination. The firm behind Play.com offers services from shopping to online video and is now adding messaging and VoIP to its repertoire courtesy of Viber, which is run from Cyprus by Israeli entrepreneur Talmon …
management management3

Juniper Networks UK bigwig hotfoots it to Alternative Networks

Juniper UK and Ireland boss Mark Quartermaine is hot-footing it to one of the firm's biggest channel partners, Alternative Networks, where he will be COO from next month. The former IBM, C&W, BT Global Services and Azzurri exec initially joined LSE-listed Alternative as a non-exec director in January last year but his …
Paul Kunert, 24 Apr 2014
Iphone_hard_case

Synaptics, longing for Apple's love, gobbles chip outfit Renesas SP

Touch tech kingpin Synaptics has agreed to buy Japanese chip firm Renesas SP Drivers for $475m in a bid to win a bigger presence in the exploding mobile device market. The Japanese company is a joint venture between Renesas, Sharp, and Powerchip that specializes in silicon for managing LCD displays – which, of course, are found …
Neil McAllister, 12 Jun 2014

Daisy petals close around midge MoCo

Daisy Group has devoured Kent-based minnow MoCo Communications for an undisclosed sum to boost its challenged mobile distie operations. This is the third buy Daisy has made in the mobile airtime channel; it swallowed Anglia Telecom Centres in 2009; and Fone Logistics a year later. Founded in 1985, MoCo had operated as an …
Paul Kunert, 27 Jun 2013

US giant Avnet plots cost slash fest in EMEA enterprise tech arm

The EMEA wing of enterprise distie Avnet Technology Solutions is again in cost-cutting mode after a double-digit sales dive blighted a growth spurt across the pond as local PC system builders missed out on the XP refresh. Revenues for Q4 of fiscal’14 ended 28 June were $2.73bn, up 0.3 per cent on an organic basis, or 4.2 per …
Paul Kunert, 07 Aug 2014

Outsourcing giant Capita gets share boost from confident outlook

The London stock market was pleased by Capita's 14 per cent rise in annual profits (before tax) today, sending shares up almost six per cent in the first half of the day. Not only had the British outsourcing group pulled in more profits for fiscal 2013, it also said it was feeling pretty chipper about this year, after winning £ …
iiNet Logo

iiNet CEO Michael Malone resigns

Michael Malone has resigned his position as chief executive officer of Australia's third-most-subscribed-to internet service provider iiNet. Malone's story is Australia's very own technology fairy tale: he founded the company in his parents' garage in 1993 and led the company to its current position as a listed entity with over …
Simon Sharwood, 20 Mar 2014
Apple Contact Hero shot

Financial wizardess joins Apple board, air of coolness noticeably diminishes

The founder of investment fund BlackRock has joined the Apple board of directors, perhaps giving a tantalising clue to the fruity firm's interest in entering the financial services arena. Susan L Wagner, founding partner and director of BlackRock, has replaced Bill Campbell, who was the longest-serving member of the board and …
Jasper Hamill, 18 Jul 2014

Systemax goes Dutch, devours SCC Netherlands

Shape-shifting box shuffler Systemax has swallowed SCC's "sub-scale" Dutch division for an undisclosed sum. New York-listed Systemax last night confirmed the bid to the stock exchange, the most significant buy it has made in Europe - where it trades as Misco - since the acquisition of WStore some years back. "The European IT …
Paul Kunert, 02 May 2014

Losses widen but Daisy Group plans to keep wolfing down companies

Daisy Group may be stepping ever closer to being one of the most hefty comms and tech services outfits in the UK mid-market but all that is just hubris if it can't turn a profit, and seemingly it cannot. Sales slipped 2.35 per cent to £173.1m in the first half of fiscal '14 ended 30 September, but one-off costs pushed up …
Paul Kunert, 03 Dec 2013
Avnet TS

Annus Horribilis for Avnet Inc

Enterprise tech distie Avnet closed off fiscal '13 on a relative high - well sort of - but the single digit sales hike came too late in the day for management to characterise the year as one of progress. The sector bellwether posted Q4 numbers for the three months ended 29 June showing a 4.5 per cent year-on-year rise in revenue …
Paul Kunert, 07 Aug 2013

Confirmed: Salesforce partners with 'evil empire' Microsoft

Salesforce is teaming up with Microsoft, a company Salesforce chief Marc Benioff used to call the "evil empire". Putting to rest rumors from earlier today, the two companies have announced they are burying the hatchet – and will team up so that Windows users can more easily access Salesforce's tech from within Microsoft's …
Jack Clark, 29 May 2014

Yahoo! keen! to! slurp! news! video! distie! site!

Yahoo! is reportedly chatting up the folks at online video service News Distribution Network for a potential acquisition worth $300m. Sources whispered to the Wall Street Journal that the Purple Palace is in talks to slurp NDN for around $300m, although the negotiations are only in the early stages so they could still fall apart …

CEO of Brit giant Daisy Group in talks to take biz private

Matthew Riley, the man in charge of perpetually hungry comms and tech titan Daisy Group, is part of a consortium that has made advances to buy the LSE-listed biz. The group today confirmed it “received an approach” on 27 July from its largest shareholder Toscafund Asset Management LLP and Penta Capital, as well as Daisy chief …
Paul Kunert, 13 Aug 2014

Brace! yourselves! startups! Yahoo! can't! wait! to! blow! $1bn! on! shiny! new! things!

Yahoo! has upped its share repurchase program by $5bn as part of its aggressive buyback of stock following the sale of some of its stake in Alibaba Group. The Purple Palace has already spent $3.1bn buying back common stock so far this year, boosting its share price by around 74 per cent, using the proceeds from selling half of …

$3.2bn Apple deal would make hip-hop mogul Dr Dre a BEEELLLIONAIRE

Insiders claim that Apple is close to acquiring Beats Electronics, the headphones-and-streaming-music company founded by music mogul Jimmy Iovine and rapper Dr Dre, in what would be the largest purchase in Apple's history. Separate reports by Bloomberg and the Financial Times both value the proposed deal at $3.2bn. Previously, …
Neil McAllister, 08 May 2014

Would Apple godhead Steve Jobs have HATED the Watch?

Staffers at Apple have been working on their latest wearable wheeze for three long years, while the rest of us wondered where on Earth its legendary spirit of innovation had disappeared to. If you believe Tim Cook, Apple was on the job the whole time, beavering away in secrecy to create a timepiece which would once again become …
Jasper Hamill, 10 Sep 2014

Sing it, Systemax: 10 straight quarters plunging in a row, 10 straight quar....

Shape-shifting mega reseller Systemax has finally broken its run of top line wobbles after 10 consecutive quarters but the US titan still couldn't turn a churn out a profit in its calendar Q2. The New York Stock Exchange-listed dealer last night reported low single-digit sales growth of $831.1m, representing a rise of 1.4 per …
Paul Kunert, 30 Jul 2014
Marissa Meyer

Number crunching suggests Yahoo! US is worth less than nothing

It has been 18 months since former Google golden girl Marissa Mayer took over the helm at Yahoo! and outwardly things look pretty good, but the latest financial analysis shows the Purple Palace might actually be worth less than zero. Since taking over control of the once-great internet portal, Mayer has worked hard to revamp the …
Iain Thomson, 18 Apr 2014
SanDisk X100 SSD

Is SanDisk about to become the big daddy of enterprise flash?

The hottest enterprise flash products company these days is SanDisk, and it has a great chance of becoming the most important non-volatile memory supplier of all – the EMC of enterprise flash. There are four basic reasons: It has a thriving and growing enterprise flash business It has bought Fusion-io in May giving it a …
Chris Mellor, 04 Aug 2014
Dell logo in crosshairs

Major Dell investor cashes in ALL of its 24.5 million shares

Venture capitalist Blackstone's decision to withdraw from the bidding for Dell has spooked The Oakmark Funds into offloading its major stake in the Texan PC baron. The group of mutual funds owned 24.5 million shares or a 1.4 per cent holding in Dell, making it the seventh largest investor. Oakmark said yesterday that Blackstone …
Paul Kunert, 25 Apr 2013

Big 20 cash hoovers: Slurp. Floop. Darn. Sluurrrp. Where's our public sector IT dosh?

Half of the top 20 software and IT services (SITS) suppliers to UK.gov saw their public sector biz decline last year as Cabinet Office Minister Francis Maude and his merry band of axemen waged war on the oligopoly. The names on the list collated by TechMarketView remains unchanged on a year ago but the proportion of revenues …
Paul Kunert, 21 Feb 2014
Suitcase bulging with cash

Wanna make 15 bucks? Assimilate someone into the Google Apps BORG

Google is offering an incentive for Google Apps users in the US and Canada to spread the word about the online productivity suite, in the form of a cash reward for each new customer they refer. The online ad-slinger will pay a $15 referral bonus each time a new user signs up for Google Apps using an existing customer's unique …
Neil McAllister, 10 Mar 2014

Spy back doors? That would be suicide, says Huawei

Chinese hardware manufacturer Huawei says allegations it provides backdoors for espionage in its kit remain unproven and would be “commercial suicide”. “The hypothetical - that our equipment could be used for espionage by the Chinese government - has never been proven,” spokesman Scott Sykes told press at the company’s annual …
Andrew Orlowski, 25 Apr 2014
 	soylent green - SIMPSONS - copyright 20TH CENTURY FOX FILM CORP.

Your legacy app sniffs the cloud cauldron and retches ... time to try another recipe

The battle between Amazon Web Services, Google and Microsoft for the public cloud gets a lot of attention, but global managed services provider Dimension Data has thrown its hat into an adjacent ring with a new hybrid Windows Server cloud. DiData's service uses Microsoft's Cloud Platform and Hyper-V everywhere, which means a …
Simon Sharwood, 05 May 2014

UK storage integrator Glasshouse Tech goes titsup

Glasshouse Technologies has called the administrators into its UK ops after directors exhausted all possible solutions to heal the sickly infrastructure services integrator. El Chan can reveal that KPMG Restructuring answered the cries for help on 27 March just days before Glasshouse was due to attend a winding up petition at …
Paul Kunert, 02 Apr 2014

Cisco's the new Tivo, pumps out 'DVR in the cloud' offering

Cisco wants to borg your TV: as part of a big cloud-for-service-providers announcement, it's kicked off a cloudy digital video recorder (DVR) offering under its Videoscape brand. Videoscape itself isn't new: it was kicked off in January 2011 as a TV-over-IP platform, and since then Cisco has been rolling various acquisitions …
Fake photo of Satya Nadella shaking hands with Stephen Elop

It's a done deal! Microsoft-Nokia merger to close on Friday

Microsoft has finally cleared all of the international regulatory hurdles that it needed to overcome for it to close its acquisition of Nokia's Devices and Services business. "The transaction will be completed this Friday, April 25, when we'll officially welcome the Nokia Devices and Services business as part of the Microsoft …
Neil McAllister, 21 Apr 2014

Alternative Networks swallows Control Circle for £39.4m

AIM-listed biz comms provider Alternative Networks has dug deep for the second time this month and found £39.4m worth of loose change to buy managed hosting and cloudy player Control Circle. This equates to nearly 22 times the £1.8m EBITDA that Control Circle made in the year to 30 September 2013, according to Companies House. …
Paul Kunert, 24 Jan 2014

Sprint to buy T-Mobile US? Not so fast, says antitrust official

Rumors persist that US mobile carrier Sprint may be looking to snap up smaller rival T-Mobile US, but a top antitrust enforcer has warned that any such deal would be very unlikely to meet regulatory approval. "It's going to be hard for someone to make a persuasive case that reducing four firms to three is actually going to …
Neil McAllister, 31 Jan 2014

Linux duo land $54m VC Xamarin cash bag

Two leading lights in open source and mobile have landed $54m in funding for their company. Xamarin, founded by Nat Friedman and Miguel de Icaza in 2011, announced today that it has been awarded the cash in its third funding tranche since July 2012. VCs have now poured a total of $82m into Xamarin, which lets devs build native …
Gavin Clarke, 21 Aug 2014
Project Loon patent image

Satellite 'net hype ignores realpolitik

Google is generating lots of utopian excitement with its various airborne Internet plans – Project Loon, its satellite acquisitions, its work with O3b (the “other three billion”). But is technology all that stands in the way of connectivity? This musing was prompted by this post by Larry Press, who is eminently qualified to ask …
channel_partners_deal_handshake

Lenovo banks on $1 BEELLION Moto turnaround in SIX quarters

Lenovo boss Yang Yuanqing has boasted that he can wipe Motorola Mobility’s $1bn-a-year (£600m) losses in just six quarters once his firm takes the helm at the handset maker. Yang told Bloomberg on the sidelines of Mobile World Congress this week that he could make the turnaround without the need to cut any jobs. “Don’t be …
Phil Muncaster, 27 Feb 2014

US Justice Department on Microsoft's Nokia acquisition: 'Go for it'

The US Department of Justice has given its approval to Microsoft's acquisition of Nokia. The next step in the deal's finalization will up to the EU, which has said that it will issue its decision this Wednesday. The DOJ's go-ahead came in the form of a notice, released Monday by the US Federal Trade Commission's Bureau of …
Rik Myslewski, 02 Dec 2013
Ingram Micro

Even world's most MASSIVE distie takes punch to wallet

Restructuring costs, higher taxes and aggressive pricing on both sides of the pond throttled Ingram Micro's profits for calendar Q1 but acquisitions allowed the world's largest tech distie to post double-digit sales gains. Turnover climbed 19 per cent to $10.26bn including a $1.1bn contribution from Brightpoint and $75m from …
Paul Kunert, 26 Apr 2013
The Register breaking news

LinkedIn looks at bank account, thinks: We'll raise one Instagram*

LinkedIn says it will sell off an extra $1bn worth of stock to raise funds to buy new systems, tout better services and potentially snap up other firms. The social network for the gainfully employed hasn't said when it expects the sale to take place. The website had around $900m in cash and short-term investments as of the end …
The Register breaking news

Twitter snaps up ex-banker IPO expert - CAN'T THINK WHY

Twitter has hired an ex-banker with experience in initial public offerings, mergers and acquisitions to head up its corporate development team, sparking rumours of an upcoming market debut. The microblogging site is one of the next tech firm public offerings for investors to get overly excited about. Which they probably will, …
management consumerisation

Vohkus hauls in former Kelway officer as COO

Kelway's former chief bean counter Craig Compton has bagged a seat on the board and keys to the COO's office at south coast-based reseller Vohkus. Compton left Kelway in the summer of 2011 after three and a half year stint during which the company hoovered up targets including Panacea, Repton and ISC Networks. The abacus …
Paul Kunert, 07 Oct 2013
Handshake

With $100m+ buyout deal, Klout is suddenly popular again

Klout, the startup that claims to be able to measure users' influence on social media sites, has just gained a whole lot more influence of its own – at least $100m worth. Re/Code reports that Klout has been acquired by "social customer experience" company Lithium Technologies in a cash-and-stock deal valued "in the low nine …
Neil McAllister, 11 Feb 2014
Doomsday clock

Federation fracture: EMC's post-Tucci future is either SALE or SPLIT

Winter has come early for EMC, with hordes of barbarian activist investors pounding at the gates as CEO Joe Tucci's long reign comes to an end. Snowdrifts are building up against the boardroom's windows, blotting out the C-suite's previous sunny vista. One immediate example of EMC's fortunes changing is the reported collapse of …
Chris Mellor, 25 Sep 2014
tumbling dice

IBM bets the farm on big data in annual report

IBM is utterly focussed on big data and analytics as its future growth engines, according to its annual report published over the weekend. But the company has hedged a little on the future of its semiconductor and hardware businesses. Available here, the least-brochure-like bits are to be found in the A Letter from the Chairman …
Simon Sharwood, 10 Mar 2014
The Black Knight

The phoney war: EMM vendors joust in jam-packed market

Charles Brett is principal analyst at Freeform Dynamics, The Register's research partner, where he covers end user computing, with a particular focus on the infrastructure. In June 2014, we examined how Enterprise Mobility Management (EMM) was evolving and the ways in which the market was consolidating. Four months later this …
Charles Brett, 10 Oct 2014