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Articles about Acquisitions

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

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 …
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

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

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
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
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

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
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
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
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 …

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 …

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 …
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
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

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

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

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

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

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 …
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
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
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

Death by 1,000 cuts: Mainstream storage array suppliers are bleeding

Great beasts can be killed by a 1,000 cuts, bleeding to death from the myriad slashes in their bodies – none of which, on their own, is a killer. And this, it seems, is the way things are going for big-brand storage arrays, as upstarts slice away at the market with converged systems, virtual SANs, all-flash kit, hybrid devices, …
Chris Mellor, 21 Aug 2014