Articles about Acquisitions

eBay cops $3 BILLION tax bill after moving its profits back onshore

Online tat bazaar eBay has copped a $3bn tax bill after bringing $9bn of cash held overseas back to the US. The firm hopes to use the remaining money to fund potential acquisitions at home. The firm announced as part of its first quarter earnings that it had paid a discrete tax charge of around $3bn to bring the cash pile back …
The Register breaking news

IBM gorges on cheap debt for share buybacks, acquisitions

IBM sometimes behaves like a bank, and sometimes like a private equity firm. Sometimes it even behaves like an IT vendor. This week, in selling $1bn in debt for doing acquisitions, Big Blue is behaving like a private equity firm. The debt is being sold between Monday and Thursday this week and pays out 2 percent on 30 November, …
box_shifting_channel

CMS Distribution bags industry big hitter for sales assault

CMS Distribution has pulled in tech vendor veteran Andy Bass to run its sales and marketing function and help plot the course to more than double the business over the next half a decade. The former Toshiba PC and TV exec veep for Europe split from the company at the start of ’14, rocking up in a senior role at sales performance …
Paul Kunert, 13 Oct 2014
Rubber bands

SAP unveils its biggest thing for 20 YEARS: Core suite with HANA

SAP has rolled out a new version of its flagship business suite – and it's married to in-memory database Hana. The software giant announced SAP S/4HANA on Tuesday, with CEO Bill McDermott billing the fourth generation of its suite as the biggest launch in two decades. The core, on-premise Business Suite for running finance, …
Gavin Clarke, 03 Feb 2015

Hungry UK IT biz, VC firm to swallow former Ericsson arm Damovo – sources

Privately owned Daisy Group is very close to making the British arm of comms integrator Damovo its 47th conquest, sources are telling us. Lancashire-based Daisy pulled its shares off AIM last week and will next month take delivery of a new chief exec in the shape of outgoing Computacenter UK managing director Neil Muller. A " …
Paul Kunert, 28 Jan 2015

Former Insight boss Fenton slurps Microsoft ERP channel biz

Former Insight EMEA president Stuart Fenton has picked up the UK arm of global Microsoft ERP integrator Tectura - the first in a planned mid-market roll up. The acquisition of London-based Tectura UK, a subsidiary of US firm Tectura Corporation, was completed by Fenton and his investment biz QuantiQ. After a decade running …
Paul Kunert, 03 Jun 2014

Nokia STORMS back into profit, FREE from phones and Windows

Nokia reported solid results on Thursday even after giving long-suffering shareholders a dividend and taking the hit of a one-time charge. Profits (non-International Financial Reporting Standards*) rose to €353m on earnings of €3.3bn, up from €2.9bn a year ago. With the Windows Phone albatross thrown to a reluctant new owner, …
Andrew Orlowski, 23 Oct 2014

Datatec: turnover and profit went south in tough fiscal '14

Global tech goliath Datatec Group was left counting the cost of a botched ERP upgrade, margin chomping competition and legacy vendor claims at its distie wing Westcon in a year of declining profit. The South Africa-listed firm managed to push up revenues eight per cent to $5.69bn during fiscal '14 ended 28 February, helped by a …
Paul Kunert, 14 May 2014
Amazon data center

Amazon gobbles chips firm Annapurna to speed up cloudy data centers

Amazon has agreed to buy a secretive Israeli chipmaker in an apparent bid to build new custom tech for its massive data centers. Israeli financial newspaper Calcalist was the first to report that Bezos & Co had snapped up Yoqneam, Israel–based Annapurna Labs, and Amazon later confirmed the purchase to the Wall Street Journal and …
Neil McAllister, 23 Jan 2015

Shouty investor Elliott makes PUBLIC CALL for VMware sale

Comment Activist investor Elliott Management, the holder of a billion dollars' worth of Hopkinton shares, has publicly called for a VMware sale in a letter to EMC's CEO and board. Its release has been nicely timed to closely follow on from HP's decision to split itself into an printer and PC company on the one hand (HP Inc) and a …
Chris Mellor, 08 Oct 2014

Ingram's CEO Monie: Show me the... Mobility, Mobility, Mobility

Acquisitions helped swing the sales dial north for Ingram Micro during calendar Q3 but the cost of the latest company-wide transformative activities took a chunk out of profits, the world’s largest tech distie has confirmed. Revenues grew 11 per cent to $11.23bn for the period ended September, oiled in no small way by portable …
Paul Kunert, 27 Oct 2014
Facebook WhatsApp

Facebook shares flutter as firm reports user growth slowing

Facebook's shares dropped 10 percent on the news that it is planning to spend more on roughly the same number of users next year. However, after hours trading pulled the social media monster's price back up to around $80 per share following the third-quarter results announcements. CFO Dave Wehner said the company was planning …
Kieren McCarthy, 28 Oct 2014
management research

Brit giant Daisy Group extends deadline for buyers to make a mark

Daisy Group has granted a consortium led by CEO Matthew Riley extra time to make a bid to take the LSE-listed mid-market comms and tech outfit private. The exec, along with Daisy’s largest shareholder Toscafund Asset Management LLP and private equity house Penta Capital, last month made an approach to buy the business, tendering …
Paul Kunert, 10 Sep 2014
Doomsday clock

Tick-tock, CDW: Mega reseller has 30 months to buy the rest of Kelway

The clock is ticking for NASDAQ-listed CDW to hoover up the remaining share base of Kelway – or leave it for someone else to slurp. As revealed first by The Channel yesterday, the world’s largest tech reseller bought a 35 per cent stake in London-based Kelway in a deal that values the overall business at around £262m. Under the …
Paul Kunert, 07 Nov 2014
euros_channel_money

Dimension Data hoovers up NextiraOne's Euro operations

Dimension Data has hoovered up certain subsidiaries of comms and networking integrator NextiraOne after the deal was given the green light by the European Commission's Mergers and Acquisitions team. The cash terms were not disclosed but initially Di Data will swallow 13 Euro country operations – including the UK – and, dependent …
Paul Kunert, 04 Feb 2014
No Sale

Samsung and BlackBerry: Coming together? Not at this price

Analysis A Reuters report that Samsung held talks with Canada's BlackBerry over a possible acquisition doesn't ring true, for a number of reasons. Firstly, the deal as reported would represent a haircut for BlackBerry's biggest shareholder, and financial saviour Prem Watsa. Watsa's Fairfax Holdings bought most of BlackBerry stock at $17 …
Andrew Orlowski, 15 Jan 2015
SuperTim's bacon bounty sarnie

Pricey buys bring home bacon for Alternative Networks...sort of

Hauling in a heavy duty sales director and forking out millions for acquisitions has finally got the revenue dial moving in the right direction for AIM-listed Alternative Networks. It's not done the same for profits, though. The top line had stagnated and operating profits dipped in the previous fiscal year, so the comms-managed …
Paul Kunert, 05 Jun 2014
His master's voice

Siri, are you afraid of Facebook's new speech recognition tech?

Facebook is buying speech recognition startup Wit.ai, in an apparent bid to counter rival chatterbox tech from the likes of Apple, Google, and Microsoft. "Facebook's mission is to connect everyone and build amazing experiences for the over 1.3 billion people on the platform – technology that understands natural language is a big …
Neil McAllister, 06 Jan 2015

Web collab outfit Assemblage becomes Cisco's latest appendage

Cisco's vision for the enterprise might still be telepresence and $US1,500 Android tablets, but The Borg is at least prepared to consider that some people might want their collaboration to come as cheaply as possible. To that end, the company has just bought WebRTC/HTML5 collaboration startup Assemblage, which pitches itself as …
Yahoo! CEO Marissa Mayer

Marissa! Mayer! ends! 21! month! dry! spell! as! Yahoo! sales! grow!

Yahoo! is living in hope of a financial resurgence as the company logged a rare uptick in revenues. The Purple Palace said its third-quarter GAAP revenues rose one per cent over the same period last year to $1.148bn, up from $1.139bn in 2013. This marks the first time in seven quarters the firm was able to increase GAAP revenues …
Shaun Nichols, 21 Oct 2014

Open Source's 2014: MS 'cancer' embrace, NASDAQ listings and a quiet dog

Ho hum. Another year, another slew of open source announcements that prove the once-maligned development methodology is now so mainstream as to be tedious. Running most of the world’s most powerful supercomputers? Been there, done that. Giving retailers the ability to deliver highly customized paper coupons to consumers based on …
Matt Asay, 27 Dec 2014

Daisy Group slurped by VC consortium, bids to cancel AIM listing

AIM-listed comms and tech outfit Daisy Group Tuesday confirmed that the previously agreed 185 pence-per-share bid from a consortium led by CEO Matthew Riley has been declared unconditional. The offer from Riley, Penta Capital, and long-term investor Tosca Fund, which values Daisy at near £500m, was agreed in October, some months …
Paul Kunert, 09 Dec 2014
twitchpokemon

Twitch rich as Google flicks $1bn hitch switch, claims snitch

Google and Twitch were tight-lipped this morning in California – amid swirling rumors that the internet goliath will formally seal a $1bn deal to buy the video-streaming upstart. Twitch spokesperson Chase (just Chase) refused to rule out the speculation, and instead gave us "no comment" when we called. Given that Twitch is a few …
Shaun Nichols, 25 Jul 2014
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast

Reg man has the cure for IBM storage: Just swallow 10 firms

Comment When you are walking on the Moon, far from home and Earth's tethering gravity then giant steps are what you take. When a product set becomes low or no-growth, then its tethering product gravity effect is weakened and you need to take giant steps to rebuild it ... which brings us to IBM. Witness its results. IBM's old certainties …
Chris Mellor, 21 Oct 2014

Channel on track: British tech insolvencies fall to seven-year low

It is official: 2014 numbers for corporate deaths in the Brit tech channel have slumped to a seven-year low, figures from credit reference agency Graydon UK confirm. Some 48 local suppliers went under in Q4, taking the tally of insolvencies for the 12 months to 198 versus 293 in 2013 – annual levels not seen since prior the …
Paul Kunert, 16 Feb 2015
GoPro HD Hero

Strap-on gumble biz GoPro files for stock market debut in US

Video Wearable camera-maker GoPro has filed with US regulators to raise at least $111m in an initial public offering. The firm, which markets its rugged wee point-and-shoots to sports enthusiasts, is breaking the mould for startups that want to go public by actually being profitable. The firm earned $60.6m in 2013, after it almost …
Scrooge McDuck

Lenovo cracks its first ever $10bn quarter

Lenovo sold a record-breaking 32.6 million pieces of kit in the last quarter, passing the $US10 billion (£6bn) revenue milestone for the first time. The PC giant’s third fiscal quarter ending 31 December saw revenue up 15 per cent year-on-year to $10.8bn (£6.5) and profits up even more, growing 30 per cent to $321m (£193m). The …
Phil Muncaster, 13 Feb 2014

Lenovo hires ex-CIA bod to push through Moto deal

Lenovo has hired former CIA and Homeland Security legal wonks to help push through its deals to buy Motorola Mobility and IBM’s x86 server business with US regulators, according to Bloomberg. The Chinese outfit is spending $US5 billion on the two big name acquisitions to become a top three player in both markets. People …
Phil Muncaster, 05 Feb 2014
Larry Ellison

Oracle swallows Corente, hopes to kick rivals in software networking bits

Oracle is buying software defined networking specialist Corente, upping the stakes in telecoms and cloud. Corente makes software to manage and provision applications and services regardless of IP network, transport type, access, security or provider over a wide area. Financial terms of the deal, announced on Tuesday, were not …
Gavin Clarke, 08 Jan 2014
padlock

Palo Alto Networks splashes $US200 million on Cyvera

Palo Alto Networks has announced that it's buying Tel Aviv-based Cyvera for $US200 million, including $US88 million in cash. The attraction is the Israeli company's TRAPS (Targeted Remote Attack Prevention System), an endpoint protection system for Windows machines, which PAN will add to its existing firewall and cloud security …
No Sale

NO SALE! Rackspace snubs all buyout offers, appoints new CEO

Rackspace says it has given up on plans to either sell itself or merge with another company, and to prove it the cloud hosting provider has named a new CEO to lead its next phase of independent operation. Rackspace had been considering "inbound strategic proposals" – meaning buyout offers – since May, when it brought in …
Neil McAllister, 17 Sep 2014
Rear_view_mirror

2014 AD: A year in storage. STILL not enough nails for the disk coffin lid

Beard Stroke Spending some of the festive season in San Francisco has given me a chance to look back at the wonderful world of storage and to ponder which may have been the biggest overall storage stories over the past twelve months or so. Here's what I think are the strongest contenders: Splintering of SAN/NAS Cloud storage in public and …
Chris Mellor, 24 Dec 2014

Venture Capital investment in Silicon Valley hits dot-com boom levels

Analysis We're now at dot-com bubble levels of investment in Silicon Valley, according to the latest stats, raising the specter of another tech crash. PricewaterhouseCoopers' MoneyTree report, which tracks venture capital investment across the US, has announced (though not yet published) its Q4 2014 results, and revealed that in the …
Kieren McCarthy, 17 Jan 2015
SOURCE: http://www.sxc.hu/photo/959469

Wall Street woes: Oh noes, tech titans aren't using bankers

Worstall on Wednesday There was much astonishment over at the New York Times as it explained that the big Silicon Valley tech firms, the Googles, Apples, Facebooks, aren't using the traditional services of the Wall Street bankers as they make their acquisitions. There are a number of reasons for this. As to whether this is all a good idea or not, …
Tim Worstall, 20 Aug 2014
Vodafone UK booster brolly

Vodafone's 4G investment is beginning to pay off

What matters in results isn’t how good or bad they are, but how they compare with what lots of very highly paid people have been calculating they would be. This makes the Vodafone results for the six months to 30 September 2014 good. While the Earnings Before Tax, Depreciation and Amortisation (EBITDA) from-day-to-day business …
Simon Rockman, 11 Nov 2014
BlackBerry Passport

BlackBerry boss John Chen: We're FINISHED (with the job cuts)

BlackBerry has finished its long and painful restructuring process – and is even considering adding new employees. That's according to a leaked staff memo apparently sent by BlackBerry chief exec John Chen. In the file, he wrote that the process of laying off workers, which started three years ago, has now come to an end: "We …
Two mobiles man

Movirt-who? BlackBerry gobbles maker of multi-line smartphone tech

In a bid to firm up its pitch to enterprise customers, troubled mobile biz BlackBerry has bought Movirtu, a maker of tech that allows a smartphone to have multiple phone numbers active at the same time using a single SIM. Movirtu says its Virtual SIM Platform is based on "standard network technology," rather than VoIP, and it …
Neil McAllister, 11 Sep 2014
management management4

Westcoast Group shuffles management deck

Westcoast has rejigged its management team to accommodate an expanding waistline having swallowed Viglen and QC Supplies in this month alone. Current UK and Ireland MD Duncan Forsyth has moved to a Group MD role overseeing Westcoast, XMA and new buys Viglen and consumables trader QC Supplies. In turn sales and marketing …
Paul Kunert, 16 Jan 2014

Quick as a flash: SanDisk gobbles Fusion-io for an Instagram (that's $1.1bn)

+Analysis The end-game for flash supplier consolidation is in sight: SanDisk is buying Fusion-io for a paltry $1.1bn. The bare bones are: All-cash transaction for $1.1bn, tendering $11.25 for each Fusion-io share. Both boards are in favour. Fusion’s PCIe flash card and ioControl shared flash array businesses will be integrated with …
Chris Mellor, 16 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

Ex Red Hat CTO installs self as Google Cloud boss

Red Hat’s former technology chief Brian Stevens has floated over to Google to run its cloud operations. Stevens suddenly left the Linux distro maker and aspiring OpenStack cloud fluffer after 12 years as executive vice president and chief technology officer. As of this month, Stevens has become Google’s vice president of cloud …
Gavin Clarke, 10 Sep 2014

EMC customer? You can only buy from third-party sales bods now

EMC says it will remove the tools that allowed its direct sales reps to quote kit prices to customers this quarter. The process is running slightly behind schedule due to some teething issues, but should be in place soon, it said. The internal reps used the Direct Express (DXP) to fire off quotes to customers while partners …
Paul Kunert, 15 Aug 2014
No Sale

NO SALE: IBM won't cash in its chips with GlobalFoundries after all

IBM's hopes of unloading its loss-making semiconductor division to GlobalFoundries have reportedly been dashed, with GlobalFoundries refusing to budge on price. Word that Big Blue was planning to sell off its chips business first surfaced in February, when the company retained investment bankers Goldman Sachs to help it put a …
Neil McAllister, 25 Jul 2014
Russell Haworth, Nominet CEO

New Nominet CEO: I'll embrace past but look forward to the future

"It's too early to tell what areas of growth will be best for Nominet," says Russell Haworth, "but the company has got some smart people, a good board and an active membership base so if we can corral all three, everybody wins." Haworth has been announced as the new CEO at dot-uk registry operator Nominet after a six-month …
Kieren McCarthy, 28 Oct 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

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
channel_teaser_money_top

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
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 …

IBM to cut '118k jobs worldwide' – report claims

Updated IBM is reportedly planning to jettison 118,000 workers to counter 11 quarters of declining sales and the impact of shifting industry demand – which, if true, would make it one of the biggest corporate culls on record. El Chan recently broke the huge divisional revamp at Big Blue in a worldwide exclusive, with a series of new …
Paul Kunert, 26 Jan 2015
AOL logos

Yahoo! dumps! thing! that! made! it! Yahoo! and! told! to! bed! AOL!

A hedge fund is urging Yahoo! to form a "strategic combination" with fellow internet dinosaur AOL – just as Yahoo! announced it was killing off its founding feature, created about 20 years ago. In an open letter to Yahoo! CEO Marissa Mayer, investment house Starboard Value asked her to consider making a number of moves it thinks …
Shaun Nichols, 27 Sep 2014