Articles about Financing

Moments of perspiration

HPE: Keep cool, cloud peeps. Store hot data in on-premises flash

HPE is pushing its 3PAR Flash Now initiative to customers to buy 3PAR StoreServ all-flash storage array technology starting at $0.03 per usable Gigabyte per month. It claims this is a fraction of the cost of public cloud alternatives. In full market-speak glory, a canned quote from HPE's Bill Philbin, VP and GM for Storage, …
Chris Mellor, 29 Nov 2016
Selection of Australian banknotes

Australian government never asked nbn™ to apply for private loans

When nbn™, the entity building and operating Australia's national broadband network (NBN), announced it had secured a loan for AU$19.5bn from Australia's government, it looked like the network-builder had failed to convince lenders it was a decent customer. The reality is a little different: minister for Finance Mathias …
Simon Sharwood, 22 Nov 2016
Elon Musk. Picture by Dan Taylor / Heisenberg Media, licensed under CC 2.0 https://creativecommons.org/licenses/by/2.0/

Elon Musk wants to launch 4,000 satellites and smother globe with net connectivity

Opinion Money-burning madtech mogul Elon Musk has asked US regulators for permission to launch more than 4,000 satellites in a $10bn project to create a global satellite internet network. The scheme was spotted by Reuters, which reported that a filing with the Federal Communications Commission showed that Musk wants to create an array …
Gareth Corfield, 17 Nov 2016
HP's forthcoming Elite X3 Windows Phone

HP Elite x3 phablet: The three-in-one business has been waiting for?

Review HP is making a hugely ambitious return to smartphones, billing the Elite x3 as “one device that’s every device”. No pressure, then. The proposition is that the Elite x3 is a phone that doubles as a PC and tablet replacement. Once connected to an external display, keyboard and mouse, either wirelessly or via a dock, this hefty …
Andrew Orlowski, 08 Nov 2016

Broadcom snaps up Brocade for $5.9bn

As rumoured storage network switch, Ethernet switch and wireless vendor Brocade is being bought by Broadcom for $5.9bn in an all-cash transaction. The price is for $12.75 per share, valued at approximately $5.5bn, plus $0.4bn of net debt. The cash will come from new debt financing and cash available on Broadcom's balance sheet …
Chris Mellor, 02 Nov 2016
Falling profits

NYSE halts trading in Violin Memory shares

The NYSE has suspended trading in Violin Memory shares and is delisting the stock because it has not maintained an average global market capitalisation of at least $15m over 30 consecutive trading days. NYSE_VMEM_trading_halted_note NYSE Violin Memory stock quote showing Halted status This requirement is noted in Section …
Chris Mellor, 28 Oct 2016
Sanjay Mirchandani at PuppetConf 2016

Puppet shows its hand: All your software is belong to us

Special report In an episode of Seinfeld from 1996, George is shocked when he discovers his former boss, Mr Wilhelm, has joined a cult, the Sunshine Carpet Cleaners. “Most of the world is carpeted,” Wilhelm intones, vacuum in hand. “And one day, we will do the cleaning.” In sunny San Diego, California, on Thursday, executives from Puppet, …
Thomas Claburn, 21 Oct 2016
management intelligence

Quantum predictions up

Quantum is having a blow-out second fiscal 2017 quarter, and upping its expected revenue from to $132m - $134m from the previous $118m - $122m range. That would be up 13-15 per cent year-over-year, with over 50 per cent growth in scale-out storage, meaning the StorNext products. At the end of its first FY 2017 quarter Quantum …
Chris Mellor, 07 Oct 2016

Artificial intelligence will eradicate channel drudgery, says Lenovo boss

Canalys Channels Forum 2016 Artificial intelligence will make the tech channel a happier place by removing much of the tedious grinding interaction that poisons relationships between vendors, distributors and partners, Lenovo’s boss claimed today. Lenovo COO Gianfranco Lanci told the audience at Canalys Channels Forum that the firm was examining how to …
Joe Fay, 04 Oct 2016
Burning copyright symbol. Photo by SHUTTERSTOCK

EU law: Brussels burps up aspirational copyright tweaks

Analysis Brussels’ widely leaked copyright reforms [PDF] have been formally published. The proposals are intended to “reduce the differences between national copyright regimes and allow for wider online access to works by users across the EU.” They will be tossed about and amended in European Parliament for many months. But with an …
Andrew Orlowski, 15 Sep 2016

Dell's new story: Goldilocks and the three virtual infrastructures

Dell's decided the world needs something between roll-your-own infrastructure and converged infrastructure's insistence on controlling exactly what's inside a chassis down to the last screw. The result is something Dell's calling a “Validated System for Virtualization.” Like a converged system, a validated system will ship …
Simon Sharwood, 30 Aug 2016

Facebook, Twitter and Google are to blame for terrorism, say MPs

A UK parliamentary committee has claimed that Facebook, Twitter and Google are responsible for terrorist attacks in the West by “consciously failing to combat the use of their sites to promote terrorism and killings.” The claim comes after a year-long inquiry into the UK's efforts into “countering extremism”. The Home Affairs …

Ingram Micro $6bn sale to Chinese logistics biz delayed

Ingram Micro has pushed out the completion date of its $6bn sale to Chinese logistics provider Tianjin Tianhai to let the Committee on Foreign Investment in the US (CIFUS) review national security implications. The world’s largest tech distributor said last night the “end date” to conclude the deal had been “extended” to 13 …
Paul Kunert, 12 Aug 2016
Man relaxes, stretches out, outs his feet up on a cloud.... Fun but hammy stock pic. Photo by Shutterstock

Getting comfortable with cloud-based security: Whom to trust to do what

There are some bits of computing that you just don’t want to trust other people with. They’re just too sensitive. But at the same time, there are some things that people can do as well or better than you, for a lower cost. Finding a balance between the two can be tricky, but useful. Take cybersecurity as an example. It’s …
Danny Bradbury, 27 Jul 2016

White House to bung electric car industry $4.5bn in loans

The White House has said the US federal government will underwrite loans totaling $4.5bn to expand the use of electric cars. But before you go rushing to Elon Musk asking for a set of Falcon doors, note that it is only for building out charging infrastructure. The Department of Energy has expanded its existing loan program to …
Kieren McCarthy, 22 Jul 2016
Dell e-commerce site

Revealed: How Dell can afford $67bn for EMC – by selling $650k laptops

World exclusive Dell's ingenious strategy for financing its audacious $67bn acquisition of EMC is a secret no more. Dell is already facing a staggering debt mountain to fund the takeover. Now a crack Reg investigative team can reveal that the Round Rock computing giant has an ambitious plan in place to raise the cash necessary for the deal …
Shaun Nichols, 22 Jul 2016

Envy NVMe? Mangstor flashes $5m cash to bulk up array line

The NVMe-over-fabrics flash array startup Mangstor has had a $5m funding round. The company connects NVMe flash drives in its NX array to access servers using an NVMe over Fabrics link for access that is practically as fast as accessing local flash drives. It recently added a burst buffer capability to speed data access …
Chris Mellor, 19 Jul 2016
Data breach

World-Check terror suspect DB hits the web at just US$6750

The World-Check database that lists "heightened risk individuals and organizations" is reportedly up for sale on the dark web. The database is a commercial product offered by Thomson Reuters, which bills it as a useful tool for those fighting money laundering, "organized crime, sanctions, Countering the Financing of Terrorism …
Darren Pauli, 19 Jul 2016
Daisywheel with Courier font

Cancer data firm funded

Proscia, the startup storing cancer patients' biopsy data in the cloud, has gained a million dollars worth of seed funding. The Baltimore-based company was started to ramp up the pace of cancer diagnosis and treatment. It aims to help digital pathology by making biopsy images available for annotation and collaboration. Proscia …
Chris Mellor, 18 Jul 2016
Venomous snake

Zerto swallows fresh funds

Disasters keep coming and disaster recovery is a great growth business. Zerto proves it again with another contribution to its January E-round's $50m fund-raiser, taking total funding to $130m. This fresh financing was led by CRV and existing investors also participated in the latest round. That means Access Industries via its …
Chris Mellor, 22 Jun 2016

European Patent Office blocks staff reading critical articles at work

The European Patent Office (EPO) has reacted to criticism of its latest proposals – by blocking access to a blog that raised concerns. The thin-skinned organization has placed a block on the popular IP Kat blog, seemingly in response to critical comments about proposed reform to its independent Boards of Appeal. In a posting …
Kieren McCarthy, 07 Jun 2016

Space exploration: Are Musk and Bezos about to eclipse Gagarin and Armstrong?

Once upon a time exploring space required a mix of the “right stuff” and some serious aeronautical chops. Nowadays you’re as likely to need an out of this world ego and background in Silicon Valley financing. At least that’s one take on the modern era of space exploration - and you can explore the subject in depth and enjoy a …
Joe Fay, 07 Jun 2016

Three Four top Cisco execs leave after being made 'advisors'

Updated Last week, a Cisco reorganisation switched three of its big names to advisory roles: this week, they've left the company. The individuals involved are Mario Mazzola, Prem Jain, Luca Cafiero, and Soni Jiandani were referred to as “MPLS” within the company (Cisco was an early contributor to the protocol of the same acronym). …
The Twin Jet Nebula. Pic: ESA/Hubble & NASA

This storage upstart knows its technical onions: Symbolic IO

Analysis Symbolic IO is a startup that claims its storage and compute technology can run database queries 60 times or more faster than other systems, and offers ”limitless enterprise storage.” It was founded in 2012 by Brian Ignomirello, a former CTO of Hewlett Packard’s Global storage unit, and secured $1.4m in debt financing in 2013 …
Chris Mellor, 01 Jun 2016
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Dell seeks cash to buy EMC

Dell has officially started seeking cash with which to buy EMC. In an SEC filing, Dell's holding company Denali “announced today the commencement of a private offering of multiple series of First Lien Notes” that will be used “as part of its financing for its previously-announced acquisition of EMC Corporation.” The filing …
Simon Sharwood, 11 May 2016

Small broadband firms aren't fussed about getting access to BT's ducts and poles

Ofcom's move to open up BT's ducts and poles to competitors is the cornerstone of the regulator's strategy to break the country's reliance on the former state monopoly, but small fibre firms say they are not holding their breath. In February the regulator announced plans to open up BT's Openreach infrastructure to competitors …
Kat Hall, 09 May 2016

Virty upstart PernixData spills beans after going cap in hand to investors

We're being told PernixData is encountering funding issues and people have been laid off. PernixData, which has developed VMware distributed hypervisor caching, has received a total of US$62m in funding: $35 million in 2014, $20m in 2013, and $7m in its founding 2012 year. The company, however, is looking for a UI test …
Chris Mellor, 04 May 2016
Trillian chats to a depressed Marvin the Robot in the 2005 film version of Hitchhiker's Guide to Galaxy. C Walt Disney Pictures

Food for Deep Thought: 42 is IBM's answer to Life, the Universe and Everything...

Analysis Deep Thought calculated the number 42 to be the Answer to the Ultimate Question of Life, the Universe and Everything. Over at IBM it was the frequency the word "transform" was used to explain another dire quarter. The supercomputer in The Hitchhiker's Guide to the Galaxy took 7.5 million years to determine the importance of …
Paul Kunert, 29 Apr 2016
Speedometer by Nathan E Photography, Flickr under CC2.0

Law prof Lessig cuffed

We are all equal in the eyes of the law. Which helps explain how both Harvard law professor Lawrence Lessing and hippie ice cream makers Ben and Jerry ended up being arrested in the same spot this weekend. The author of Code is law and highly unsuccessful presidential candidate, Lessig was in Washington DC as part of the …
Kieren McCarthy, 19 Apr 2016
Snow White waves goodbye. Photo copyright Disney

Ad slinger Phorm ceases trading

Controversial ad targeting firm Phorm has ceased trading. Phorm’s decision follows a failure to secure enough funding to run its business, as explained in a statement to the London Stock Exchange here. Phorm an advertising-technology company and first party data platform provider, announces that, further to its announcement …
John Leyden, 14 Apr 2016

SEC chair blasts Silicon Valley for its hokey valuations

The chair of the US Securities and Exchange Commission (SEC) has given Silicon Valley a poke in the eye concerning its over-valuation of tech stocks. Speaking at Stanford University in the heart of Silicon Valley, Mary Jo White warned that the federal regulator did not look kindly on the wild – and wildly inaccurate – self- …
Kieren McCarthy, 01 Apr 2016

Yahoo! Starts! Sale! Process! To! Fend! Off! Starboard!

Yahoo! has been accused of getting serious about the contentious slow-motion train wreck that is its sale process. The Wall Street Journal reckons the recent threat by activist investor Starboard to sack the board of directors has had its intended effect. The Purple Palace has now set a bid deadline of April 11, for …
Antares launch

Pivot3 bags $54.6m. What'll it do now? Try to take over all-flash hyperconverged world

+Comment Ageing startup Pivot3, fresh from buying all-flash and hybrid array startup Nexgen has taken in a whopping $54.6m of fresh funding. It's a mix of equity and bank financing and takes its total funding, since being founded in 2003, to almost a quarter of a billion dollars – $247.04m by our reckoning – with this latest financing …
Chris Mellor, 15 Mar 2016
FlashBlades_950

Good-on-paper FlashBlade: We've seen the hardware, we've touched the blades

Backstory It's not vapourware, this scale-up Ethernet cluster-in-a-box that Pure calls FlashBlade, but it's sure not hurrying to market. Announced yesterday, March 14, it's expected to be generally available by the fourth quarter, although we understand Pure engineers could take until the end of the year to finally clear it for GA. The …
Chris Mellor, 15 Mar 2016
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Wikipedia to build and give away speech synthesis code

Wikipedia wants users' help to get its articles read out to visually-impaired users. As many as 125 million Wikipedia users per month either need or prefer to have the text read to them, so Wikipedia Sweden and the KTH Royal Institute of Technology are working together on a crowd-sourced speech platform for the site. KTH says …
Cat 5 cable

Phorm suspends its shares from trading amid funding scrabble

Controversial web monitoring business Phorm has temporarily suspended trading in its shares after failing to secure funds. In a statement to the London Stock Exchange yesterday, it said it is in "advanced discussions" regarding alternative financing. "There can be no guarantee that such discussions will result in any funds …
Kat Hall, 26 Feb 2016
Toilet roll printed with fake US $100 bills

Dell all-hands staff letter says EMC takeover funds are in the bag

Dell has written to its global workforce, advising them that its transaction to acquire EMC is on track. In a letter recorded by to the United States Securities and Exchange Commission (SEC), Dell chief integration officer Rory Read says “I want to address some of the chatter over the past few weeks about possible financing …
Simon Sharwood, 17 Feb 2016

Ah, that new 'baby' mainframe smell: IBM shows off z13s

IBM’s new entry-level mainframe, the z13s, makes its debut next month and the company’s press blurb makes for instructive reading, not least because it has very little to say about the actual spec. Instead, there is much enthusiasm about the security features and services assembled for the z Systems server family. The server …
Drew Cullen, 16 Feb 2016
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Data wranglers Trifacta wangle themselves $35m in VC cash

In Brief Self-service-as-a-service start-up Trifacta has proudly announced that it has raised $35m in VC cash for "growth financing". Trifacta aims to help non-technical folk get a hold of their data, and managed to capture some of the least technical customers out there, with PepsiCo and the Royal Bank of Scotland joining in. The …

Offers? Opera's board likes Qihoo, says shareholders should too

Opera's board has recommended its shareholders accept a Chinese consortium's buyout offer of $1.2bn, about 53 per cent above where it has recently been trading. According to an email sent to shareholders by Opera's board, board members are unanimously in favour of the deal. If completed, the buyout would see Opera gain access …
Off_shore_drilling_rig

The fracking oil price drop whacked Panasas – who's next in energy IT?

NAS appliance maker Panasas was forced to restructure after falling oil prices caused its customers in the energy sector to spend less on its technology. That's why executives fled the building, and why other staff have been let go. CEO Faye Pairman said Panasas has a long-standing strategy of diversifying into vertical …
Chris Mellor, 04 Feb 2016

Fired Norse Corp CEO blames the media

Norse Corp cofounder Sam Glines has hit out at the media after he was fired on Monday as CEO of the threat intelligence company. In January, The Register broke the news that Norse was laying off a sizable chunk of its workforce. Since then, the biz's website has been up and down, and it appears that its operations are grinding …
Iain Thomson, 04 Feb 2016
Supreme Court Building

They've reached it: Crossroads' stock price crashes to just $0.25

Crossroads Systems’s share price has collapsed to $0.25. It was $3.65 in March 2015, following full fiscal 2015 results showing a fifth loss-making year of declining revenues. Why is it still afloat? In its final quarter of financial year 2015, ended Oct 31, the archival software systems shipper saw revenues of a derisory $1. …
Chris Mellor, 03 Feb 2016
European commission photo via Shutterstock

Europe wants end to anonymous Bitcoin transactions

The European Commission (EC) wants to end anonymous trading in virtual currencies in order to help track terror groups's funding. The EC yesterday published an Action Plan to strengthen the fight against the financing of terrorism (PDF) that says criminals are quick to seek out new ways of moving money that offer lower risk of …
Simon Sharwood, 03 Feb 2016
Cell tower, view from below. Image by Shutterstock.com

Network builders: LTE costs will transform the cell tower biz in 2016

Analysis The vast cost of keeping up with demand for mobile data is intensifying the pressure on mobile operators’ capex budgets and accelerating their moves to improve their infrastructure cost base. Major agreements to share passive and active cell site equipment are becoming commonplace as regulators ease up on previous restrictions, …
Wireless Watch, 01 Feb 2016

Brit censors endure 10-hour Paint Drying movie epic

The British Board of Film Classification (BBFC) has determined that Charlie Lyne's 10-hour Paint Drying contains "no material likely to offend or harm", and has accordingly awarded it a "suitable for all" U certificate. Nicely described by the BBFC as "a film showing paint drying on a wall", Paint Drying is the result of a …
Lester Haines, 27 Jan 2016

BDaaS ex-Facebook duo scoop $30m for big data biz

In Brief A pair of former Facebookers landed $30m in venture capital funding for their big data-as-a-service startup last week. Qubole closed its Series C financing last week with a $30m cash injection, bringing its total funding to $50m. The financing was lead by Institutional Venture Partners (IVP) who managed to wrangle a seat at …
Cable maze image via Shutterstock

Cabling horrors unplugged: Reg readers reveal worst nightmares

Nightmare before downtime Blame cloud, blame DevOps, blame the increasingly prevalent trend towards managerial OCD, but server installations are becoming tidier. The influx of suites and external suppliers, such as Amazon and Microsoft, means that as tech's become “transparent” the back room's become more presentable. But you can’t blame tech’s …
Gavin Clarke, 22 Jan 2016
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MariaDB hires new CEO with code daddy Monty in as CTO

MariaDB has welcomed Michael Howard as its new CEO. MySQL giant Michael "Monty" Widenius has also been appointed as CTO. The appointments have been announced today, alongside a $9m equity financing bundle from Intel Capital and California Technology Ventures, among others. Howard is a Berkeley graduate who has worked at …

UK can finally 'legalise home taping' without bringing in daft new tax

EU governments don’t have to impose a levy on blank media to compensate copyright holders for losses from private copies, the European Court of Justice has decreed. It’s actually perfectly lawful to compensate them from a general fund, as Spain and Finland do, an opinion from Advocate General, Maciej Szpunar, clarified today. …
Andrew Orlowski, 19 Jan 2016