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Articles about Acquisitions

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 …

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
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

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

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
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

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
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
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

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
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

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
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
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

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
cake

Ingram Micro's layer cake is about to get a bit flatter

Ingram Micro is toasting better trading conditions in Europe that helped it report record revenues for calendar '13 by sharpening the axe to "de-layer" and "align" the business and save up to $100m in overheads. The world's largest tech distributor filed numbers for Q4 with sales edging up four per cent to $11.8bn driven by …
Paul Kunert, 14 Feb 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
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

One year on: What exactly did the 2e2 collapse teach us?

“Sam, I need you in the Heathrow office early tomorrow morning,” read the panicked text from my line manager on a Sunday night. The UK subs of 2e2 Group entered administration a year ago. I had a unique vantage point from where I sat within the crumbling company through the brutal process of administration and seeing the …
Sam Simpson, 20 Feb 2014
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

Ballmer: Microsoft stronger without Bing and Xbox tinkering

Steve Ballmer has spoken to shareholders of his vision of a diversified Microsoft which includes both Bing and Xbox, with the backing of the tearful Bill Gates. Ballmer said Tuesday that under the re-org that he announced this summer, Microsoft won’t be limited to a single set of activities, rather it would span “a family of …
Gavin Clarke, 20 Nov 2013
channel_teaser_exit

CEO of bloated outsourcing firm Capita quits after 26 years

Fat cat chief exec Paul Pinder is to quit after 26 years at outsourcing giant Capita to head up small, private equity-backed businesses. The man who, along with other top brass, pocketed a 20 per cent pay hike last year as IT Services staff had their wages frozen and bonuses shelved, is to be replaced by Capita deputy chief exec …
Paul Kunert, 18 Nov 2013

Dell staffers react to news of 1-in-3 axe dangling overhead

Our readers at Dell have responded to the New Year Dell redundancy stories. They make worrying reading, illustrating the pressures people are under. Here’s a comment from a Dell Asia Pacific Japan staffer: In APJ no one knows what the new org is or what is happening to their roles. We are all guessing or we can try for VR ( …
Chris Mellor, 13 Jan 2014
Huawei

Huawei muses on Nokia's future

Growing its smartphone shipments by 94 percent from Q1 2012 to Q1 2013 might not be enough to satisfy Huawei: it's reportedly floated the idea of acquiring Nokia. According to a report in the Financial Times, the rising Chinese giant would consider buying the veteran Finnish mobile phone vendor, but isn't impressed at its …

Future of storage: Micron bets chips on 3D NAND flash – but NOT YET

As far as the world's number two DRAM chip-maker is concerned, 2D or planar NAND can go through another lithography cycle before 3D techniques may become necessary because a two-year-old NAND design change has enabled Micron to scale its lithography down to 16nm and maybe beyond. El Reg interviewed Glen Hawk, Micron's VP for its …
Chris Mellor, 08 Aug 2013
NSA's Fort Meade headquarters

NSA, UK hacked Yahoo! and Google data center interconnects – report

British and US intelligence agencies managed to tap into the connections between data centers run by Yahoo! and Google, and in one month this year slurped 181,280,466 records, including metadata and the contents of communications, according to new documents from Edward Snowden. A report dated January 9, 2013, from NSA’s …
Iain Thomson, 31 Oct 2013

Tech tables turned! Now it's the Puppet pulling Geppetto's strings

System administration and IT automation tool maker Puppet Labs is making its second acquisition ever - and has snapped up partner Cloudsmith. The gobbled biz makes tools that ride atop the Eclipse integrated development environment and help admins create Puppet modules. The financial terms of the acquisition were not disclosed …
michael_dell

Dell, the man, prevails in quest to wrest Dell, the company, from Wall Street

So that's done, then. Shareholders of IT giant Dell have approved a $24.9bn private takeover bid put together by company founder Michael Dell, Silver Lake Partners, and borrowed dough from Microsoft and a slew of banks. Now Wall Street will be off Dell's back as it tries to reorganize itself for the future of computing, …
Steve Bennet, ex-Symantec CEO

Big Yellow loses its head... again: Symantec, we need to talk

Symantec recently fired Steve Bennett, its second CEO in two years. As a previous chairman of the board, Bennett was part of the team that shifted off the previous CEO. Apparently now, new blood is needed to "act aggressively to capture a growing share of this market," in the words of the new chief, Michael Brown. Steve Bennet …
Chris Mellor, 24 Mar 2014
VMware logo

Speaking in Tech: VMware is building the Death Star

speaking_in_tech Greg Knieriemen podcast enterprise The "Stack Wars" are on and VMware is adding the final touches to its ultimate weapon ... Your hosts Greg Knieriemen, Ed Saipetch and Sarah Vela chat to special guest Dave Graham of Juniper Networks this week and discuss VMware's latest moves, Cisco's reactions, Google's …
Team Register, 25 Jul 2012
VMware logo

VMware sucks server and app logs into vCenter control freak

Server virtualization juggernaut and cloud builder and parts supplier VMware is bolting more capabilities onto its vCenter management tools with the launch of a new module called Log Insight. As the name suggests, vCenter Log Insight is designed to ingest and analyze the operational data that is generated by servers, storage …
channel_teaser_money_top

Going into tech services? It's way bumpier than it looks

It is results season for a slew of mid-market resellers but top and bottom line growth numbers have not exactly matched the sizzling sunshine outside, and were cooled by the challenging economy. First up is Burnley's finest, Lanway Corporate Business Systems, which saw turnover in the year to 31 March 2013 dip a little over five …
Paul Kunert, 22 Jul 2013
'Yes Optus' logo

SingTel gets app happy with Pixable

The acquisitive hand of SingTel has reached out to the US to buy smartphone happy snap app Pixable for US$26.5 million. The social app was founded in 2009 by a group of MIT grads and boasts over four million users over the web, iOS devices and Android devices. The data smarts behind the app allows for the analysis of consumption …

US ERP roll out amid a downturn? That's what hit Datatec in H1

A twitchy Datatec today pulled down full-year revenue guidance at the half-way point of fiscal '14 blaming choppy waters around its distie biz Westcon as well as a complex ERP roll out for zapping sales. The South-Africa listed giant, which also houses integrator Logicalis and a consulting arm, said sales for the six months to …
Paul Kunert, 16 Oct 2013

Big Mike shoots email to Dell staff: My backers and I are your best bet

Michael Dell has told employees at the struggling firm that he's "passionately committed" to getting his $24.9bn leveraged buyout deal through the shareholder vote and using R&D and acquisitions to become a more competitive firm. In an email to staff, also filed with the Securities and Exchange Commission, Big Mike said that the …
© Copyright Anthony O'Neil and licensed for reuse under this Creative Commons Licence

UK gov probes Comet crash: Public, private sectors LOST £257m

The Department for Business, Innovation and Skills plans to probe the administration of Comet, whose collapse has left the private and public sector out of pocket to the tune of £257m. The Insolvency Service is to launch the investigation after receiving numerous complaints from MPs just as the doors close on Comet's last 49 …
Paul Kunert, 18 Dec 2012

Capita: Is that a bulge in your books or are you pleased to see us?

Either the sun is getting to Capita boss Paul Pindar or excitement caused by the looming Olympic extravaganza has temporarily moved him. The integrator today filed results for the first half of calendar 2011 with sales up 15 per cent to £1.6bn – but these were underpinned by the numerous acquisitions it made. Organic growth was …
Paul Kunert, 25 Jul 2012
VMware logo

Management tools lead VMware through $5bn annual revenue barrier

VMware has cracked the $US5bn barrier for the first time on the back of 17 per cent year-on-year revenue growth it says it can repeat again during 2014. The company also reported Q4 revenue of $1.48bn, up 15 per cent from 2012's fourth quarter. Virtzilla's current hero is its management and automation software. Just about …
Simon Sharwood, 29 Jan 2014

French firms: You want us to compile DATABASES... of our SECRET information?

Businesses in France are being asked to compile a database of commercially sensitive information that will potentially attract increased interest from cyber criminals. Changes to employment laws in the country will require businesses with more than 50 employees to create a database for worker representatives to be able to access …
OUT-LAW.COM, 04 Apr 2014
SOURCE: http://www.sxc.hu/photo/959469

Startups? Silicon Valley? SHELDONVILLE? It's the dotcom bubble again!

There has probably never been a better time to launch a startup in Silicon Valley. In fact, it’s the dotcom boom era all over again. Venture capital money is washing over the land from San Francisco to well south of San Jose, along with waves of intelligent people and the easy accessibility of near unlimited reach and computing …

CSI coughs for K3's SAP biz

Private-equity-backed Computer Systems Integration (CSI) has acquired the customer list of K3 BTG's SAP Business Objects Maintenance division for an undisclosed sum. Venture capitalist Blackhawk Capital, one-time owner of Microsoft LAR Teksys - which it sold to Di Data in 2009, bought CSI last October as the first in a roll-up …
Paul Kunert, 17 May 2013
Hadoop in the enterprise

Teradata rides big data wave in Q4, does better than expected

Systems vendor Teradata is riding the twin waves of traditional data warehousing and new-fangled big data munching, and is doing a pretty good job positioning itself to stay relevant in an increasingly Hadoopy world.  The company just turned in better numbers for the fourth quarter than Wall Street expected, but then Wall Street …
channel_teaser_money_top

Daisy Group plans to keep buying up biz, despite hole in purse

Acquisition-hungry business comms provider Daisy Group plans to continue hoovering up firms despite posting significant operating losses for the third consecutive year. Sales for the 12 months ended 31 March 2012 were up 31 per cent to £348.6m, including a chunk of revenues from the businesses it acquired over the past year: …
Paul Kunert, 20 Jun 2012

PC market: ABANDON HOPE all ye who enter here

If PC makers were despondent that slablets of every type continue to hog consumer spending this year, then 2014 will bring little relief - and may finally shove those teetering on the brink of the abyss over the edge. Providing the box counters at Canalys have done their forward calculations correctly, tabs will "almost outship …
Paul Kunert, 26 Nov 2013
The Register breaking news

Speaking in Tech: The day Dell's server guys said 'Cloud is bulls**t'

speaking_in_tech Greg Knieriemen podcast enterprise Live from Austin, it's an enterprise and consumer tech cast with some of the biggest brains in the cloudy business. Weirding you out today are humble hosts Ed Saipetch and Sarah Vela. This week, Ed and Sarah take over the podcast live at Dell World 2012 while Greg Knieriemen …
Team Register, 12 Dec 2012
james_rigby_md_sch2

Rigby dynasty to retain control at SCC - 'no IPO for us'

SCC CEO James Rigby plans to pass the privately owned biz to the next generation of the clan rather than co-crafting a retirement plan with his brother based on a flotation or trade sale. The Rigby dynasty's Midlands empire, which includes service-based reseller SCC at its heart, sold distie wing SDG to Tech Data in 2012 for $ …
Paul Kunert, 18 Feb 2014
wall_street

Dell will drop the F-bomb FIVE days early in epic power struggle

Dell has pulled forward the reporting of its fiscal Q1 financials by five days amid a battle between Michael Dell and activist investor Carl Icahn over the future ownership of the Texan PC giant. The company confirmed last night that it has scheduled the conference call with analysts tomorrow - 16 May - indicating that Dell's …
Paul Kunert, 15 May 2013

Capita to hoover up small pile of SMEs in 2012

Capita is flogging 40 million new ordinary shares in an institutional pacing to fund a "pipeline" of small and medium sized bolt-on biz acquisitions. The group, whose IT Services arm has told 1,000 workers they are at risk of redundancy, is estimated to raise £280m through the rights issue following an "encouraging start to the …
Paul Kunert, 24 Apr 2012