Articles about Investment Bank

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Labour's Jeremy Corbyn wants high speed broadband for all. Wow, original idea there

UK Labour leader Jeremy Corbyn has said the party will not win elections using strategies from the past, as he promised to "democratise the internet" in his Digital Manifesto today. During the unveiling of the manifesto this morning, Corbyn said the party should build on the campaign social media tactics of Democratic …
Kat Hall, 30 Aug 2016
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China's $30bn VC fund

China has announced the creation of a 200 billion yuan ($30bn) venture capital fund to invest in new and innovative technology. There's only one catch: it is, of course, run by the state. The fund's creation was announced by the country's state assets regulator and the money comes from other state-run companies, including its …
Kieren McCarthy, 24 Aug 2016
sale

Imperva under pressure to find buyer after disappointing results

An activist investor is reportedly pushing data centre security firm Imperva to find a buyer following disappointing financial results. Cisco Systems, IBM, Raytheon or Symantec are touted as potential suitors of the Israeli entrepreneur-founded firm, which markets Web Application Firewalls and DDoS mitigation services. …
John Leyden, 11 Aug 2016

Hyperloop One lynched in hangman lawsuit

Tensions at the tube-traveling startup Hyperloop One have burst into the open with a lawsuit alleging physical threats, financial mismanagement and a sugardaddy chairman leaving a hangman's noose on a cofounder's chair. The lawsuit [PDF] was brought before a Los Angeles court yesterday by Hyperloop cofounder Brogan BamBrogan, …
Katyanna Quach, 13 Jul 2016
EIB, photo by EIB

EU Investment Bank will honour pre-Brexit deals – but don't gamble on new ones happening

The EU bank that has poured more than £34bn (€42bn) over 10 years into UK projects will honour its existing deals in the wake of last week’s Brexit vote. Projects signed off on in fields such as engineering, education and R&D are not in jeopardy, the European Investment Bank has told The Register. The EIB’s most recent …
Gavin Clarke, 30 Jun 2016
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Trustmarque has been sold yet again – this time to Capita for £57m

Capita has acquired Microsoft licensing house and managed services biz Trustmarque for £57m in cash – the fourth time the company has changed hands in three years Trustmarque, part of the Liberata Group, was rolled onto the market in February by parent Ardbid Ltd, appointing investment bank William Blair to find a buyer, as we …
Paul Kunert, 21 Jun 2016

Broadband bods Gigaclear bag £24m for rural hi-speed internet

Rural broadband provider Gigaclear has bagged an additional £24m in investment, part of its plans to serve 1.5 million homes currently without fibre-to-the-premises networks. This investment follows a cash injection of ‎£20m (€25m) from the EU-controlled European Investment Bank in January. Gigaclear is targeting a fund- …
Kat Hall, 05 Apr 2016
European commission photo via Shutterstock

Europe is spaffing €20bn on handouts for tech

Sketch Europe's dreams may be sinking like the Titanic, but wait: there’s €20bn of taxpayer’s cash swilling around for tech handouts. So we found at yesterday's Digital4EU shindig. “There’s a lot of money with a digital label on it – over €20bn,” said Luciana Tomozei, policy advisor at the European Investment Bank. This comes via …
Andrew Orlowski, 26 Feb 2016

Higher US Fed interest rates will hit startups over the head

The US Federal Reserve’s decision in December to increase the target range for the interest rate it pays banks by one-quarter of one per cent, to 0.25-0.5 per cent, didn't seem like an Earth-shaking event at the time. But it was the first time the world’s most powerful central bank had changed its rate target since 2008, and …
SA Mathieson, 15 Feb 2016
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Microsoft seller Trustmarque seeks private equity sugar daddy

Exclusive Trustmarque is erecting a for sale sign outside corporate HQ as the management team looks for a new private equity backer to fund a buy-out. The volume licensing reseller-cum-managed services outfit is currently backed by Endless LLP, which swooped for the York-HQ’d business when it faced well publicised cash-flow challenges …
Paul Kunert, 12 Feb 2016
Cows walk on green field in front of silos

Smallish telco Gigaclear gets €25m loan for rural broadband roll-out

British telco minnow Gigaclear has topped up its coffers with a €25m (£19m) loan from the European Investment Bank, a move it reckons will help treble its rural broadband network in the UK this year. During 2016 the biz plans to "rapidly" extend its pure fibre, ultrafast broadband infrastructure. However, that amounts to just …
Kat Hall, 14 Jan 2016
Stock market. Pic: Alberto Carrasco Casado

Softcat hires Domino’s Pizza man as NED ahead of IPO

Softcat has hired former Domino’s Pizza beanie Lee Ginsberg as non-exec director ahead of its long awaited flotation on the London Stock Exchange. The Marlow-based biz is tipped to list next month with a valuation estimated to be between £400m to £500m, the first time a local reseller has floated in years. Credit Suisse was …
Paul Kunert, 09 Oct 2015
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It's the white heat of the tech revolution, again!

Worstall on Wednesday It's more normally Mr Orlowski around here shouting that Mariana Mazzucato is a poopyhead, but given that she's just been appointed to Corbyn's economic advisory team, perhaps it's time to add to the chorus? For Mazzucato is, as we all know, the economics professor who insists that actually government really invented the …
Tim Worstall, 30 Sep 2015
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Comparex: Just two buyers left in sales negotiations

Microsoft reseller titan Comparex has whittled down its list of prospective buyers to just two, The Channel can reveal. A sales process for the pan-regional reseller began some months ago with investment bank Jefferies sending out a commercial prospectus or Information Memorandum. Sources in the investment community told us …
Paul Kunert, 18 Sep 2015

Malware menaces poison ads as Google, Yahoo! look away

Feature Online advertising has become an increasingly potent threat to end-user security on the internet. More hackers than ever are targeting the internet's money engine, using it as a powerful attack vector to hide exploits and compromise huge numbers of victims. Malvertising, as poisoned ads are known, is as deadly as it is diverse …
Darren Pauli, 27 Aug 2015
Stock market. Pic: Alberto Carrasco Casado

It's all go for Softcat's £500m IPO, Credit Suisse, Jefferies hired

Tech reselling steamroller Softcat is edging ever closer to flotation on the London Stock Exchange after appointing brokers to manage the process, insiders have told El Chan. The fast growing Marlow-based business, which is expected to be valued at between £400m to £500, has hired Credit Suisse and investment bank Jefferies …
Paul Kunert, 26 Aug 2015
Boy slurps watermelon. Credit: Shutterstock

The great silicon slurp of 2015 continues: Atmel next on the shopping block

Another instalment in this year's consolidation in the silicon market appears to be on the cards, with reports emerging that microcontroller outfit Atmel is looking for a buyer. As Reuters reports, the company's CEO, Steve Laub, is due to retire at the end of August, something that may have sparked the decision to seek …
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Bank: Without software mojo, Android OEMs are doomed to 'implode'

Analysis You’ve heard that “when Wall Street sneezes, the world catches cold"*, and there are dozens of variations. But perhaps the line needs to be brought up to date. When a large technology platform company dozes off, companies that rely on it for innovation feel the chill – and the chill can be fatal. Ten days ago, investment bank …
Andrew Orlowski, 01 Jun 2015
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Android gaming platform Ouya is down to its last life

The low-cost Android gaming startup Ouya is on the brink of collapse and wants a buyer, fast. According to Fortune, the company tripped a debt covenant and hopes for expressions of interest by the end of April. Originally kick-started to the tune of US$8.6 million, the company caused buzz with its play-your-Android-games-on-TV …
Bitcoin bloodbath

Bitcoin trade biz MyCoin goes dark, investors fear $387 MEEELLION lost

Investors fear they may be $387m (£254m) in the red after a Hong Kong Bitcoin biz fell silent. The investment and trading website MyCoin reportedly closed its Kowloon offices a few weeks ago, and the company has not yet responded to inquiries from The Reg and other publications. According to the South China Morning Post, MyCoin …
Shaun Nichols, 10 Feb 2015
Money

Why so tax-shy, big tech firms? – Bank of England governor

The governor of the Bank of England, Mark Carney, has singled out technology companies as being among the worst offenders for tax avoidance. Speaking at a panel session at the World Economic Forum Annual Meeting in Davos, Carney said: "It should be recognised that some of the biggest firms to take the most advantage of …
Kat Hall, 23 Jan 2015

US reseller titan buys minority stake in Kelway MBO – sources

Exclusive One of the largest US resellers, CDW, has crossed the Atlantic to take a minority stake in mid-market focused tech supplier Kelway, The Channel can reveal. OOPS! The sales process began in earnest back in January when Kelway appointed US investment bank William Blair to put together a 97-page Information Memorandum and …
Paul Kunert, 06 Nov 2014
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
GlobalFoundries Fab 8

Things that make you go hmm: GlobalFoundries hires ex-IBM chip fabber

A former IBM exec who oversaw chip fabrication has been hired by GlobalFoundries, the company that's rumored to be buying IBM's chip fabrication wing. Henry DiMarco, a longtime Big Blue employee, has moved to GlobalFoundries as vice-president of site construction and facilities, to help out on the construction and " …
Jack Clark, 10 Jul 2014

Brit data centre biz Pulsant sold to private equity house

The ownership of mid-market co-lo player Pulsant has changed hands, with private equity house BDC Capital selling up to Oak Hill Capital Partners for an undisclosed sum. As revealed last month, BDC enlisted investment bank Jeffries to advise on a sale and seek interested buyers, more than three-and-a-half years after it snapped …
Paul Kunert, 17 Jun 2014
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Summer of data centre acquisitions on the cards in the UK

The business climate for acquisitions is mirroring the hotter weather outside, with a sales process for data centre providers Pulsant and VTesse Networks taking shape, multiple sources are telling us. Investment bank Jeffries has distributed an Information Memorandum for co-location player Pulsant, with private equity owner …
Paul Kunert, 20 May 2014
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Beached whale Symantec watches revenues recede 7%

Symantec’s latest results show that you can wring more profit out of declining revenues by slashing costs but its not enough to bring you back to growth. Revenues in its fourth fiscal quarter of 2014 ended 28 March were $1.63bn, seven per cent down year-on-year, but net profit jumped 14 per cent to $217m. The full year …
Chris Mellor, 09 May 2014
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Wearable tech for HORNY COWS: Biz slurps £3m for bovine arousal detectors

A firm which designs wearable tech for cows is celebrating after raising more than £3m to help fund its global expansion. Silent Herdsman has been handed the golden bull by a group of investors including Scottish Equity Partners, Albion Ventures and the Scottish Investment Bank. Its technology uses a "decision-support platform …
Jasper Hamill, 24 Mar 2014
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Outsourcer Atos outsources hardware, data centre refresh

Outsourcing monster Atos has thrown out the overhaul of its own tech infrastructure to Kelway in a five-year deal valued at £150m in total. The London-based reseller giant will refresh the desktop and data centre hardware estates at Atos' managed services biz in the UK and Ireland, and provide associated services. The contract …
Paul Kunert, 17 Mar 2014
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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
Apple Store Scottsdale

Reports pump fuel into iCar gossip: Apple in 'talks' with Tesla

Apple and Tesla reportedly met to discuss a deal that could clear the way for a Cupertino-designed iCar. The San Francisco Chronicle suggested that Apple and Tesla met last year to discuss a possible link-up. Citing an unnamed source, it claimed Apple's merger and acquisitions chief, Adrian Perica, met with Tesla CEO Elon Musk …
Jasper Hamill, 17 Feb 2014
JP Morgan HQ at Canary Wharf

IT executive at JP Morgan dies in fall from bank's London HQ

A man who died in a fall from JP Morgan's headquarters in London yesterday has been named as Gabriel Magee, a senior IT programmer at the firm. The 39-year-old American had worked for the investment bank for ten years in both New York and London and was vice president in CIB Technology at the time of his death. "We are deeply …
Team Register, 29 Jan 2014

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

Apple's GOLDEN BLING MOBE still the top selling US handset

Apple's blinged-up iPhone 5s is still the top selling phone in America, new stats have revealed. According to data released by analysts at the investment bank Canaccord Genuity, the 5s is the most in demand phone among customers at the top four wireless carriers for the third month in a row. Stats show the iPhone 5s is the top …
Jasper Hamill, 13 Dec 2013

Apple's new iPhones dope-slap Samsung in US

More data has surfaced that indicates Apple's new smartphones are humbling Samsung's Galaxy S 4 in the US. According to a sales survey conducted by the investment bank Canaccord Genuity, the iPhone 5s outsold the Galaxy 4 S at the US's four major carriers – AT&T, Verizon, Sprint, and T-Mobile – in September, and the 5c is …
Rik Myslewski, 07 Oct 2013
The Register breaking news

Brit online property bazaar Zoopla ponders BILLION-pound flotation

British online property portal Zoopla is reportedly considering a stock market listing that could value it at £1.3bn. The UK's second-biggest property search website by page views is looking for new ways to compete with its main rival, Rightmove, and has appointed investment bank Credit Suisse to help it assess its strategy …
The Playmobil bank set, complete with armed robber

How City IT is under attack from politicians, diesel bugs, HR

Comment The stupidest thing I’ve ever said was “if it was a jet, the tower would have collapsed” on September 11th and I feel the same about RBS. As I pass it most days, part of me expects to see crowds outside, perhaps including the police and TV camera crews, because I can’t understand why it still functions. The Reg has covered in …
Dominic Connor, 27 Jun 2013
Dell logo in crosshairs

Wannabe Dell owner Icahn's buyout blueprint blasted by board bods

Dell's special task force - set up to oversee the sale of the tech titan to private hands - has claimed wannabe owner Carl Icahn still hasn't shown them the colour of his money. The team said there had been "no financing nor any commitment" from the activist shareholder and his pals to buy the PC and server giant outright. This …
Paul Kunert, 20 Jun 2013
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Icahn doubles down on Dell offer with $14 per share buyback scheme

With exactly a month to go before the special meeting of Dell shareholders that could decide the company's fate, investor Carl Icahn has increased the pressure for a better deal for shareholders – chiefly himself. In an open letter to Dell shareholders, Icahn said that he has now purchased 72 million shares of Dell stock from …
Iain Thomson, 19 Jun 2013
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Investor Icahn needs a loan of $7bn to tick off Mike Dell

Activist investor Carl Icahn will need as much as $7bn to carry off his plan to pull Dell out from under Mike Dell's nose, banking sources have said. The shareholder and his partner Southeastern Asset Management (SAM) have started talks with banks and financial firms to get bridge loans of up to $7bn for their plan to plough …
Netapp

NetApp boffins first to go in 'workforce decimation' plan

Storage array biz NetApp has laid off 300 people at a research and development centre in India and “hundreds” more in the US, according to industry sources. The Times of India reports that anonymous insiders at NetApp's Bangalore operation - which is the company's largest R&D facility outside of the US - have been given their …
Chris Mellor, 20 May 2013

Oracle and SAP are Big Software, but for how long?

When Oracle announced disappointing third-quarter results in March 2013, executives at the company were quick to blame poor sales execution for a two per cent decline in new software licences and cloud software subscriptions. It wasn't a symptom, they insisted, of underlying problems with the company’s product portfolio - or …
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Multi-billion Euro broadband fund obliterated by EU budget cut

A €9.2bn fund proposed by Brussels officials to help bring faster broadband to the 27 Member States by 2020 has been obliterated after the European Union agreed to a budget cut that was engineered by Brit Prime Minister David Cameron. It's a disaster for commissioner Neelie Kroes, whose digital agenda has been left in tatters …
Kelly Fiveash, 11 Feb 2013
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Stroppy investor to Xyratex: Pah... research! Who spends money on THAT?

So that's why Xyratex management erected a poison pill defence against hostile take-over attempts. The company's largest shareholder, activist investor Baker Street, which owns 23 per cent of the common stock, wants board changes to correct Xyratex's "flawed" HPC and Big Data array strategy. Xyratex makes disk drive drawers …
Chris Mellor, 14 Jan 2013

2012 in tech: Apple up the Cook without a paddle, ARM, slab wars... and MORE

Review of 2012 Great Britain reminded the world who invented the web at London 2012 Olympics, Apple cocked up its maps, Microsoft returned to hardware with Surface, we saw a rise of the machines on Wall Street and many of us rubbed our hands with glee as Facebook IPO's deflated. This was the last 12 months in technology. So put the in-laws on …
Gavin Clarke, 31 Dec 2012
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Mmm, what's that smell: Coffee or sweat? How to avoid a crap IT job

Part 1 Do not try picking up a girl with the line: “You’re not as fat as my current girlfriend; if you sleep with me I’ll drop her as soon as she’s finished painting our bedroom.” Trust me on this, it doesn’t work. It should set off alarm bells in anyone's head. Yet during job interviews, hopefuls are told things like: “We’re ditching …
Dominic Connor, 05 Nov 2012

How IT bosses turned the tables on our cushy consultancy gigs

I think I’ve been through enough economic cycles in my life to say that the nature of employment, at least in the financial-tech industry that I’m most familiar with, has changed fundamentally in the last few years. If you’re a technology worker and your job suddenly seems unusually precarious, that’s because it is: fear of …
Dave Mandl, 04 Nov 2012
Downing Street road sign

Cable offers to shower UK biz in taxpayer gold to stimulate growth

Blighty's Business Secretary Vince Cable pulled back the curtains on his new biz investment bank this morning. While outlining plans for the state-backed pile 'o public cash, which would provide capital to companies, the Liberal Democrat minister efforts so far to kickstart the economy were laissez-faire - and said his bank …
Anna Leach, 11 Sep 2012
HTC

HTC torches forecasts as stock tsunami floods skint Europe

HTC has slashed its Q2 top and bottom line estimates as it clears the glut of stock in the supply chain and acknowledges weakened demand in Europe. The Taiwanese firm revealed revenues for the period are expected to be NT$91bn (£1.9bn) or some 13.3 per cent lower than the NT$105bn it forecast in April. Operating margin was also …
Paul Kunert, 07 Jun 2012
The Register breaking news

'Giant vampire squid' seeks social media guru

Goldman Sachs, the bank described as a "giant vampire squid wrapped around the face of humanity", is looking for a social media community manager. The role of the job, as the title suggests, will be to "foster a positive community". A third of the time will be spent devleoping community strategy, and 60 per cent will involve " …
Andrew Orlowski, 03 May 2012