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Articles about Acquisitions

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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
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

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 …
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 …

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
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
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 …
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

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
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

Facebook gobbles WhatsApp for SIXTEEN BILLION DOLLARS

Facebook has announced that it will acquire mobile messaging service WhatsApp in a deal valued at $16bn. The merger was revealed in a filing with the US Securities and Exchange Commission published on Wednesday. According to the paperwork, WhatsApp will become a wholly owned subsidiary of Facebook in exchange for $4bn in cash, …
Neil McAllister, 19 Feb 2014

Thanks for suggesting eBay should flog PayPal. It's not happening, CEO tells Carl Icahn

eBay has rejected a call from activist investor Carl Icahn to spin off its PayPal division into a separate company. John Donahoe, chief exec of the online marketplace, said that he had spoken with Icahn but the board and management believed that eBay and PayPal would do better if they stayed together. "The synergies are clear …
euros_channel_money

CenturyLink slashes prices to guarantee its megacloud future

When your entire market is hellbent on destroying itself through an endless death march of price cuts, you're faced with a choice, either you hold on tight and keep cutting, or you get into another business. Major co-location provider CenturyLink is opting for the former and to help it along is beginning to put the assets of its …
Jack Clark, 01 May 2014
chart

CEO Marissa Mayer puts on brave face as Yahoo! shows another loss

Yahoo! has once again seen revenues slip as CEO Marissa Mayer struggles to get the company back on track. The Purple Palace reported quarterly revenues of $1.27bn, which was down 6 per cent from the same period last year. Full-year revenues also fell 6 per cent, to $4.68bn. Yahoo!'s operating income for the quarter was $174.22m …
Shaun Nichols, 29 Jan 2014

Dell's cash-saving voluntary redundo axe ker-chunks into Europe

Dell has confirmed that the Voluntary Separation Programme it kickstarted across the Atlantic before Christmas has finally crossed the pond. The cost-cutting initiative was made available to staff from late last year, but restrictions applied. Workers in EMEA, India or Singapore were not eligible, neither were folk in the …
Paul Kunert, 17 Feb 2014

Veteran vendors are shaping up for a bitter fight to the DEATH

Distributors and resellers are witnessing some pretty turbulent times in the UK and Ireland which could reshape the industry for years to come. HP has always been a leader but today it’s being attacked from all sides. A battle across the pond between the Silicon Valley stalwart and the likes of Dell, Cisco and Lenovo will have …

Mega UK reseller Kelway bags investment banker for matchmaking service

Kelway has appointed global investment banker William Blair to seek a way forward for the business, which in all likelihood appears to involve hauling in a new private equity backer. As The Channel previously noted, Kelway has swelled to a £500m sales biz, which appears to restrict potential trade buyers in UK reseller land to …
Paul Kunert, 27 Jan 2014
channel_teaser_exit

Brit IT slinger Azzurri's CEO quits to spend more time with family, less time with the M25

Troubled south-coast UK comms integrator Azzurri has confirmed CEO Vim Vithaldas will step down for "family reasons" in July. The veteran exec was brought in by the banking syndicate that owns Azzurri in December 2011 after previous boss Mark Quartermaine left for Capita ITS – but it was a choppy couple of years at the top. The …
Paul Kunert, 29 Jan 2014

Rockmelt! Melts! For! Yahoo's! Millions!

In the latest of a string of acquisitions since ex-Googler Marissa Mayer came aboard as CEO, Yahoo! has acquired ssocial-media munger Rockmelt for an undisclosed sum (though AllThingsD's Kara Swisher pegs the price at somewhere between $60m and $70m). You may remember Rockmelt as the Marc Andreessen–backed startup that built a …
Neil McAllister, 02 Aug 2013
channel_teaser_money_top

Dimension Data tables bid to swallow global services biz NextiraOne

NTT-owned Dimension Data has tabled a bid for comms and networking reseller NextiraOne in a deal that is currently awaiting approval by the European Commission's Merger & Acquisitions office. A spokeswoman at South Africa network integrator Di Data confirmed that it had "made an offer" but was unable to make any further …
Paul Kunert, 02 Dec 2013

Dell spits up storage revenues after gobbling promising upstarts

Dell's storage revenues are continuing to decline as the company fails to reap the benefits of its acquisitions. EqualLogic and Compellent were great startups but the stellar growth of those two units has not translated into stellar growth for Dell's storage revenues. In its latest quarter, which finished at the end of June, the …
Chris Mellor, 21 Aug 2013
management consumerisation

What heat wave? Pay still frozen over for 70 per cent at Capita ITS

Over a quarter of Capita's IT Services division were given pay rises in the April review this year, the firm has said, but the rest of them will have to wait until business is better. ITS managing director Peter Hands and ops director Steve Rick said in a conference call on Friday that the pay rises they had managed to squeeze …

Mega-distie Ingram Micro takes knife to costs in 'very challenged' Europe

Flatlining sales growth in Europe has led the world's largest distributor, Ingram Micro, to restart a cost-slashing exercise in the region after describing the operation as "still very challenged". It also plans to roll out newer tech services to resellers on this side of the Atlantic, which compared to the US has been …
Paul Kunert, 25 Oct 2013
The history of HP server innovation according to Enterprise Group GM Dave Donatelli

HP taps software hot-shot to run enterprise hardware

Hewlett-Packard has had IBM envy for years now, and CEO Meg Whitman is following in the footsteps of Big Blue once again by putting a seasoned software executive in charge of hardware. Concurrent with the announcement of its financial results for the third quarter of its fiscal 2013, HP announced that Dave Donatelli, who came to …

Datatec pours mixed cocktail of fiscal '13 numbers

Tech group Datatec was not yet ready to call an end to market uncertainty across the globe following a mixed turnout for its distribution and integration units in fiscal '13 ended February. Group sales at South Africa-listed Datatec climbed four per cent to $5.25bn including $185m from acquisitions, but operating profit fell six …
Paul Kunert, 15 May 2013

Private equity signals interest in Optus satellites

Reports are emerging that Optus' satellite division, for sale if the price is right, is being eyed by a brace of private equity firms and a French telco. Back in March 2013, Optus appointed Morgan Stanley and Credit Suisse to conduct a strategic review of the satellite business, sparking speculation that the division would be …
Elop and Ballmer, no deal

That Microsoft-Nokia merger you've been predicting? It's no go

Microsoft's acquisition of Nokia's mobile phone business – the deal you probably assumed would happen sooner or later – has been scuppered before talks were even made public, according to a new report. On Wednesday, the Wall Street Journal wrote that Microsoft has been engaged in "advanced talks" to snap up the Finnish mobile …
Neil McAllister, 20 Jun 2013

Yahoo! balance! sheet! bulked! by! Alibaba!

Yahoo! has released its third-quarter results, and the numbers aren't pretty. The purple palace managed to drag $US1.14bn through the door, but that's five per cent less than the figure for 2012's third quarter. Earnings before interest, taxes, depreciation and amortization were $331 million, a 19 per cent drop compared the Q3 …
Simon Sharwood, 16 Oct 2013

Storage firms can win big if they buy the RIGHT trendy tech

Three weeks into 2013, not even the end of January, and three storage companies have been bought. Are we seeing the first stirrings of a buying frenzy as mainstream suppliers get better placed for flash, software-defined data centres and the cloud? The first of the acquisitions was that of struggling storage media supplier …
Chris Mellor, 23 Jan 2013

Whoever you vote for, Google gets in

Google's lobbying and influence-courting in Washington DC is more intense and extensive than even Google-watchers thought, a must-read Washington Post investigation has revealed. That's because much of it takes place off the books, where formal spending is not declared, according to the article. The search giant already ranks …
Andrew Orlowski, 17 Apr 2014
Ken Klein

Tintri boss returns to techie role, brings in startup-flogger as CEO

Tintri has hired itself a new CEO, with founder Kieran Harty stepping aside from that role to become chief technical officer. Nimble Storage, Tintri, and Tegile are three hybrid array startups that aim to serve as many hot data accesses from fast flash as possible while reserving disk storage for less-active data. They are each …
Chris Mellor, 16 Oct 2013

Google poised to become world's first TREEELLION DOLLAR company?

Now that 2014 is up and running, you might be looking over your stock portfolio and reevaluating your investment options. If so, one analyst has a bit of advice: go long on Google, which he believes may become the world's first trillion-dollar company. That's trillion. With a "T". As pointed out in a "welcome to the new year" …
Rik Myslewski, 03 Jan 2014
T-Mobile Sprint

T-Mobile US exec mulls merger with rival Sprint

The chief finance officer of US wireless carrier T-Mobile says further consolidation in the US mobile industry is inevitable and that a merger with Sprint would make a lot of sense. "It's the ultimate logical combination," T-Mobile CFO Braxton Carter told Reuters at the Goldman Sachs Communacopia conference in New York City on …
Neil McAllister, 25 Sep 2013
Benjamin Button

HP faces down youthful tech upstarts: Don't judge us by our looks

Hewlett-Packard is a mature company operating among other declining mature firms – all of whom have to compete with new, immature rivals. So how can it equip itself to prosper in the new era? Cisco UCS Invicta racks Old-hand Cisco got wise to the disruptive game early, coming up with UCS when everyone thought Dell, HP and IBM …
Chris Mellor, 17 Jun 2014

Factories are too DULL for Google's robo-dreams: Behold the GATAMAMs

Google's spree of robot acquisitions represents a major bet by the ad giant that it can wring more data from the world, and make some money that's not from advertising along the way. And, we reckon, it will deal with a serious problem lurking in the company's future. When news broke on Friday that Google had bought DARPA's …
Jack Clark, 17 Dec 2013

Ingram Micro wields axe in management rejig

Ingram Micro has parted with Jon Bunyard, the director of its Advanced Solutions Division (ASD) in a management rejig. Channel veteran Bunyard ran Computacenter's distribution (CCD) wing and transferred with the business when it was acquired by Ingram in 2009, and later rebranded as Ingram Micro Value. The unit underwent …
Paul Kunert, 04 Jun 2013
Peter Jones, Dragon's Den star

Dragons' Den badboy ups Expansys bid to £7.55m

Lanky Dragons' Den badass Peter Jones is edging closer to signing a deal to buy AIM-listed Expansys for a fraction of the price of some shares he placed on the market in 2010. The irascible tennis aficionado – Jones trained as a coach in his teens – launched an initial buy-out offer of £6.1m via PDJ Bidco in January, but upped …
Paul Kunert, 03 Mar 2014
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Intel slumps into mud despite lobbing Internet-of-Things, etc at buyers

Intel has reported modest growth in its financial results for the third quarter of 2013 over the previous three months. But measured against this time last year, the chip giant has barely grown at all. Revenues grew five per cent on the second quarter of 2013 to $13.5bn, giving it an earnings per share of 58 cents, and an …
Iain Thomson, 15 Oct 2013

Management buyout at Hamilton Rentals AGAIN

Hamilton Rentals is again a privately owned channel biz after the management team led a buy-out from previous proprietor Xchange Technology Group. The leasing outfit was consumed by Compel in 1996, which was itself flogged to 2e2 in 2007, before Hamilton top brass performed an MBO in 2008 and sold up to XTG in 2011. So far so …
Paul Kunert, 13 Aug 2013
grab_that_cash

Brit biz-gobbling comms giant Daisy Group splutters with indigestion

Biz broadband and comms giant Daisy Group has faced a challenging 12 months as its operating losses widened and organic growth stalled. In its financial year to 31 March 2013, the company-gobbling Lancashire-headquartered firm recorded revenues of £351.5m - up less than one per cent on the previous year. It also completed two …
Paul Kunert, 18 Jun 2013
money notes lifted up

Indecent proposal: Hedge fund makes 'unsolicited' bid for Riverbed

An unwanted bid to take over WAN optimiser Riverbed for $3.1bn has been mounted by hedge fund Elliott Associates. Reg readers may be aware of Elliott from its activist, management-agitating attacks against incumbent management at Emulex, Compuware, Brocade and NetApp. Elliott, run by billionaire Paul Singer, looks for companies …
Chris Mellor, 09 Jan 2014
Lloyds Banking Group logo

Lloyds Group probes server crash behind ATM, cash card outage

Lloyds Banking Group is investigating the cause of a Hewlett-Packard server failure it blames for taking down thousands of its ATMs and crippling cash cards at the weekend. The crash saw thousands of customers unable to withdraw money from their accounts or make payments using debit cards on Sunday afternoon. The outage left …
Gavin Clarke, 27 Jan 2014

94% of Brit tech bosses just can't get the staff these days, claims bank

No matter how optimistic British tech supremos may be, they're still battling to hire and keep skilled hands, according to a new study. This is a headline finding from the latest Innovation Economy Report by the Silicon Valley Bank (SVB). The financial institute surveyed 1,218 CEOs, CFOs and other executives around the world in …
Simon Rockman, 28 Apr 2014
BlackBerry bleeding

BlackBerry board swatted away offers to break it up, sources claim

Despite all of the parties that were said to be interested in acquiring pieces of stricken smartphone vendor BlackBerry, breaking up the company was never an option that was on the table, sources claim. The Canadian firm spent six weeks trying to sell itself off but ultimately failed. Instead, it ended up with nothing more than …
Neil McAllister, 09 Nov 2013
HP cloud

Hey, put away that scythe, Death: Pulse found in HP's 2014 financials

HP has projected healthier financial results for 2014 than beancounters had forecast - causing its share price to rocket up in value. In a meeting with analysts on Wednesday various HP executives sought to reassure nervous investors that the tech titan's turnaround is succeeding. "While there is a lot more work to be done, I am …
Jack Clark, 09 Oct 2013