Articles about Ipo

Nutanix's 'expected' IPO date is 30 September

Nutanix is letting the Nasdaq do the talking regarding when the tech upstart will launch its stock-market debut: the New York exchange says it's expected to be September 30. The company is the foremost hyper-converged infrastructure appliance and software startup and is taking on major incumbent vendors such as Cisco, Dell, …
Chris Mellor, 27 Sep 2016
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Magneto-resistant upstart Everspin gets itself into an IPO whizz

MRAM startup Everspin has filed for an IPO. Everspin_ST-MRAM_die Everspin MRAM die Magneto-resistive or Magnetic Random-Access Memory (MRAM) is non-volatile RAM that’s faster than NAND; think of it roughly as XPoint-class stuff. It’s been used by server and system vendors for niche needs requiring very fast and non- …
Chris Mellor, 21 Sep 2016

Speaking in Tech: Public cloud 'explodes'. Oh yeah? Show your sources

Podcast speaking_in_tech Greg Knieriemen podcast enterprise This week on our tech-cast, Greg Knieriemen hosts the podcast with serial podcaster co-host Amy Lewis. This week our Podcast Idol is Jack Poller of Enterprise Strategy Group. Our special guest this week is Leah Schoeb, Technology Business Development at Intel. This week we …
Team Register, 21 Sep 2016

We read Nutanix's homework... and the numbers look good

Analysis Nutanix has filed an amended S1 IPO form with the SEC and data within it shows a strongly growing business well-set for an IPO if the financial environment is supportive. The company's latest results show satisfactory quarter-on-quarter and annual revenue growth with net losses growing less sharply and becoming a smaller …
Chris Mellor, 20 Sep 2016
Stock traders

Nutanix's $209m, $13-a-share IPO revealed in homework to watchdog

Hyperconverged upstart Nutanix has submitted more details about its forthcoming IPO to the US financial watchdog, the Securities and Exchange Commission (SEC). The San Jose-based biz will seek to raise up to $209,300,000 in the offering by selling 14,000,000 shares of Class A voting stock at a starting price of $11 to $13. An …
Shaun Nichols, 19 Sep 2016

Non-big IT vendors: Trying to understand where startups fit in tech

Sysadmin blog Are startups to be avoided? You'll get different answers depending on who you talk to, but the arguments have relevance for the virtualization and storage markets as, today, most of the innovation is occurring with startups. I've been a champion of working with startups for some time now. I don't advocate engaging with …
Trevor Pott, 19 Sep 2016
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O2: Float or flog. What's it going to be, Telefonica?

Spanish telco Telefonica has indicated it could soon hold an IPO of O2 in order to raise funds to pay off debt. Telefonica has previously made noises about exiting the UK market after the EU Competition Commission over the proposed sale of O2 to Three for £10.3bn earlier this year. It had hoped the sale would help reduce its …
Kat Hall, 05 Sep 2016
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Nutanix to kick off its IPO extravaganza on ... go on, take a guess

Nutanix, the darling of the hyper-converged infrastructure appliance industry, is, we're hearing, going to kick its IPO process into gear from September 6. Closely following on from its acquisition of Calm.io and its gobbling of PernixData, the market-leading head HCIA honcho will start the ball rolling from September 6, with …
Chris Mellor, 01 Sep 2016
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So Nutanix has fessed up to PernixData slurp. Now what?

So it appears the rumours were true as Nutanix finally announces the acquisition of both PernixData and calm.io, a startup focused on DevOps automation. Naturally the blog post and press release from Nutanix puts a positive spin on things, with talks of shared vision, shared ambition and a “like-spirited” approach to IT …
Chris Evans, 01 Sep 2016
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Nutanix: Yup, OK, we gobbled PernixData, Calm.io. What you gonna do about it?

At long last Nutanix has come clean and revealed it is buying PernixData (VMware's hypervisor memory caching software biz), and confirmed it also slurped devops software company Calm.io. No prices have been disclosed but we understand the Calm.io deal was the one referred to in a Nutanix S1 amended filing, which involved 528, …
Chris Mellor, 29 Aug 2016

Tech fails miserably in Forbes' most innovative companies

The tech industry feeds off its reputation for being innovative but, according to Forbes at least, it may not be warranted. In a new list of the "World's Most Innovative Companies," the business magazine has ranked the top 100 companies. Aside from Tesla, which could arguably be listed as a tech company and took the coveted …
Kieren McCarthy, 26 Aug 2016

Nutanix buys anon firm in India. DevOps upstart Calm won't comment...

Nutanix bought a company recently and is days away from announcing another acquisition. The latest gobbled-up biz is based in India. Nutanix president Sudheesh Nair told the Deccan Herald: “While we won’t be able to name the companies, we can expect a press announcement in a couple of days from now. All I can say is that the …
Chris Mellor, 25 Aug 2016
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Dropbox IPO prospect

Bloomberg reports Dropbox has talked to advisors about an IPO. The privately owned file sync and sharer's CEO and co-founder, Drew Houston, has previously dissed the IPO idea. Apparently the talks were exploratory with no decision being made. Dropbox does not make a profit but it is free cash flow-positive. It has half a …
Chris Mellor, 23 Aug 2016

Nutanix has swallowed something. Cough once if you're OK, guys

We’ve been banging on about Nutanix buying PernixData. Now tech consultant Justin Warren has noticed this nugget in an amended Nutanix S1 filing to the SEC: Acquisition On August 5, 2016, the Company entered into a stock purchase agreement to purchase all shares outstanding of a technology company in exchange for 528,517 …
Chris Mellor, 18 Aug 2016
Sprint

Pivot3 positions itself for possible IPO

Is an IPO being planned? Hyper-converged system supplier Pivot3 says it had record growth in the first half of 2016, with a 103 per cent revenue increase and more than 400 new customers, and has hired a new CFO. Bill Stover has been appointed Pivot3's finance head. Mike Dansby was the prior CFO, serving from June 2014 to July …
Chris Mellor, 13 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
ExaFlash D-Series

ExaFlash: Cheap, dense, energy-sipper will 'empower humankind'

+Comment Nimbus Data has announced its scale-out ExaFlash all-flash array at the Flash Memory Summit, with four models ranging up to 4.5PB raw capacity in 4U. The claims are pretty big and prompt the question: "Is this for real?" Nimbus' overall claims for ExaFlash start from scale and rackspace density and ultimately encompass " …
Chris Mellor, 09 Aug 2016

Sales staff exodus at PernixData as Nutanix gobbles up caching biz

Analysis Amid mounting evidence that Nutanix has bought PernixData, both companies are still keeping their lips firmly and officially sealed. Pernix insiders and several well-placed industry sources have now confirmed the acquisition privately to The Register. Separately, Dan Edson – senior director of marketing operations, automation …
Chris Mellor, 04 Aug 2016
British sterling in flames

Outsourcery burned through more than £20 MEEEELLION in cash before it crashed

Defunct cloud infrastructure and apps provider Outsourcery Plc attracted interest from 12 bidders before it was offloaded to GCI Telecom for £4m, in a pre-pack administration handled by EY. The Statement of Affairs filed at Companies House revealed the final weeks of the failed Manchester-based, AIM-listed corporation that …
Paul Kunert, 02 Aug 2016

Uber rips off Chinese arm, swaps it for share in successful rival – reports

After pouring over two billion dollars into its Chinese operations, Uber has thrown in the towel and is set to sell its Chinese arm to a local rival, according to reports. The deal, which will be announced this week, will see Didi Chuxing acquire Uber's Chinese subsidiary and plough $1bn into the global ride-hailing business …
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French data wrangler Talend has done it: Voila, it's a tech IPO

Big data upstart Talend rang the bell to open the Nasdaq at 9.30am today in New York City – as the company makes one of the few initial public offerings (IPOs) this year. The data integration business was founded in France in 2005, and although its headquarters are in Redwood City, California, the company is listing on the …
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Twitter: $602m into -$107m

Twitter staved its losses, grew sales, increased its number of users – and still its stock has tanked today. Nothing is working. The microblogging website reported on Tuesday its financial figures for its second quarter of 2016, and – yup – it's another profit-free three months: it recorded a $107m loss, which is better than …
Shaun Nichols, 27 Jul 2016
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Data protection biz Arcserve fattens exec ranks with 3 new veeps

CA spinout and private equity-owned Arcserve is growing revenues at double digits, and has hired four new execs to sharpen its finance side, spin out more and better products and keep its channel business growing. Oussama El-Hilali becomes VP of Products, responsible for managing research and development, product strategy and …
Chris Mellor, 25 Jul 2016
Shouting match

XtremIO heading for the bin? Total BS, thunders CTO Itzik Reich

Storage industry jungle drums heard by El Reg suggest EMC is axing XtremIO product line development and putting it into maintenance mode due to scalability and data availability issues. EMC vehemently denies this, saying it's absolute FUD. Three independent sources say XtremIO is headed for a maintenance-only retirement home …
Chris Mellor, 21 Jul 2016
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Rumor on repeat: Spotify IPO

Music streaming service Spotify is again rumored to be preparing to go public. The company has managed to maintain its market lead against competitors from some of the world's largest tech companies including Apple and Amazon, and has more paying subscribers than any other streaming service. It has started reaching out to …
Kieren McCarthy, 21 Jul 2016
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VCs: Can't see an IPO or acquisition for your startup? Don't throw in the towel

Comment There surely must be an alternative to the two preferred exits for VC-backed startups – IPO or acquisition – in these times of near-VC funding drought and what seems like IPO fatigue. It used to be simple: build a storage startup that could take money and customers from the mainstream vendors, sit back and wait for competitors …
Chris Mellor, 19 Jul 2016
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IPO spews email addresses to hundreds of recipients. Twice

The department entrusted with the protection of corporate data is seemingly somewhat less bothered when it comes to guarding personal info. The Intellectual Property Office yesterday made the classic schoolboy error of sending out an email containing hundreds of recipients in the 'to' field. Realising its blunder minutes …
Kat Hall, 15 Jul 2016

Successful fintech: UK has some, but it's not in Silicon Roundabout

Open up the business pages of any national newspaper and much of the coverage is focused on the latest fintech startup, the marvel that will transform the global financial system, backed – inevitably – by big name venture capital firms. But is this obsession with fintech deserved? A cool analysis of the phenomenon long term …
Marcus Gibson, 15 Jul 2016
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Atlassian looks at StatusPage, reaches for wallet

Atlassian has made its first buy since raising $462m in its December IPO, snapping up StatusPage. StatusPage, which is barely three years old, is described as "the leader in status and incident communication." More particularly, it offers a hosted service for status pages covering incidents, scheduled maintenance and the like …
Joe Fay, 14 Jul 2016
Prison

UK.gov rolls out 10 years' chokey for industrial scale copyright pirates

Digital Economy Bill As it promised in the Queen’s Speech – and as first revealed here – legislation will extend the maximum penalty for industrial scale online copyright infringement from two to 10 years. This is in the hope that criminal copyright cases are actually brought under copyright law. Because the maximum sentence is currently only two …
Andrew Orlowski, 06 Jul 2016
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Nutanix gobbling Pernix – why not?

Comment Rumour has it Nutanix is talking to Pernix Data about a possible acquisition. It could be a good thing for Nutanix and, of course, its customers. All DCs are brown fields If Nutanix's masterplan is to become the management platform for any data centre, it has to expand its product line. It is already at it, as I wrote a few …

Wealthy youngsters more likely to be freetards than anyone else – study

The well-groomed throng of bourgeois protesters that shunned the weekly Waitrose shop and headed for London’s Parliament Square on Saturday had something in common other than a common desire to remain in the EU. The demographic that closely mirrors keen Remain voters is more likely to download content illegally than any other UK …
Andrew Orlowski, 05 Jul 2016

Sources: Nutanix poised to gobble PernixData

Exclusive Four independent sources say hyper-converged poster child Nutanix is buying hypervisor flash-cacher PernixData, thus gaining crucial technology to speed up its appliances. A Nutanix spokesman told us: "No comment." A PernixData spokesperson added: "We are not commenting at this time." A PernixData insider told The Register: " …
Chris Mellor, 01 Jul 2016
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Talend announces IPO plan

Talend has filed a registration statement with the US Securities and Exchange Commission, proposing an initial public offering of American Depositary Shares. Redwood City-based Talend, which offers data integration software and services, was founded in 2005 and claims to have other 1,700 enterprise customers, including Citi, …

Europe's UK-backed Unified Patent Court 'could be derailed'

Europe's multi-million-pound Unified Patent Court could be derailed entirely following the UK's decision to leave the EU. The court was planned to open in 2017 and was intended to hear cases regarding infringements of European patents across EU member states. Only full membership of the EU allows countries to participate in …
Kat Hall, 28 Jun 2016
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Twilio IPO a success

There'll be champagne corks popping at cloudy comms firm Twilio after shares rose 71 per cent on the first day of trading. The company raised $150m after pricing its IPO at $15, but is currently trading at $25.67 a share, up $10.67 or 71 per cent. No doubt there'll be some profit taking at the end of the day, but it's a strong …
Iain Thomson, 23 Jun 2016
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Pull on your branded rival T-shirt, it's time to party with Nutanix

Here I am sitting at a bar at 4:50am (jet lag is my friend) after the Nutanix's annual event, .NEXT. I’m attending the event with a backpack I received at PureAccelerate (rival Pure Storage's event). I’m not carrying it with me because I want to publicize Pure, I actually love it because it is a sturdy bag and solves my day-to …
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
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Last year Nutanix revealed a hypervisor, this year...

Hyperconverged enfant terrible Nutanix's first siren song to tech buyers offered the impressive proposition of on-premises hardware that converged compute and storage while improving the experience of running vSphere. Next, at the company's first user conference in June 2015, came the ballsy move of releasing its own …
Simon Sharwood, 21 Jun 2016
sale

Confirmed: Dell software sell-off

Dell has confirmed rumors that it is selling off its software division to private equity firms Francisco Partners and Elliott Management. "Francisco Partners and Elliott Management's deep passion for technology and proven track records in nurturing and building software businesses will enable Dell Software's loyal base of …
Iain Thomson, 20 Jun 2016
Raining money

Dell close to selling software division for $2bn – reports

Dell is close to agreeing the sale of its software division for more than $2bn as it digs behind the settee cushions to fund its mega-acquisition of EMC. A consortium including Francisco Partners and Elliot Management are “in advanced talks” to acquire the division, Reuters reported today, citing “three people familiar with …
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Symantec swoops on Blue Coat in $4.65bn deal

Blue Coat has scrapped its IPO plans in favour of a $4.65bn takeover by IT security rival Symantec. Greg Clark, Blue Coat CEO, will take the helm at Symantec, so resolving the question of succession of Mike Brown, who announced his resignation as CEO in April. On a pro-forma basis, the combined company would have $4.4bn in …
Drew Cullen, 13 Jun 2016
Hadoop the Elephant, Simon Sharwood and Hadoop co-creator Doug Cutting

Elephant in the room: Doug Cutting on Hadoop and core enterprise tech going open source

Interview In a side room of this year's Strata + Hadoop conference at the ExCel centre in London, Hadoop creator Doug Cutting spoke to The Register about finding proprietary value in the open-source world, and Cloudera's “not entirely commercial” opposition to the Open Data Platform. Cutting created Hadoop, which was named after his son …
Blue Coat

Blue Coat readies for IPO

Security company Blue Coat Systems, Inc says that it will soon go public with an initial public offering (IPO). The enterprise security software vendor said that on Thursday it officially handed over paperwork to the US Securities and Exchange Commission to announce its plans to enter the New York Stock Exchange under the …
Shaun Nichols, 03 Jun 2016
Roughly 150kg of gold

Nutanix goes cap in hand to Goldman Sachs for $75m loan

Hyper-converged startup and IPO wannabe Nutanix finds itself in hock for $75m to Goldman Sachs after it was forced to take out a loan because its fund-raising IPO was delayed. An amendment to its S1 SEC filing says that Nutanix has borrowed $75m from Goldman Sachs, its IPO advisor: “ In April 2016, we issued an aggregate …
Chris Mellor, 01 Jun 2016

Don't panic, says Blue Coat, we're not using CA cert to snoop on you

Blue Coat has denied it's up to any shenanigans – after the security biz was seemingly given the power to issue crypto certificates that could be used to spy on people. A kerfuffle kicked off this week when it looked as though Blue Coat had been made an intermediate certificate authority, backed by root certificate authority …
Iain Thomson, 27 May 2016

Twilio (ask your dev) to IPO

One of Silicon Valley's so-called unicorns is going public. Comms company Twilio has filed IPO paperwork with US financial watchdog the SEC and is looking for $100m. It hasn't released the number of shares it intends to sell however, making it impossible to see how much the San Francisco-based upstart it seeking to value …
Kieren McCarthy, 26 May 2016

Q. What do you call a sales-growing letdown? A. Pure Storage

All-flash shipper Pure Storage delivered higher-than-expected revenue for its first fiscal 2017 quarter, but also had the first quarter-on-quarter revenue decline in its history since the IPO. Analysts thought it could have done better. Is this seasonality emerging for the first time or was there some other reason its turbo- …
Chris Mellor, 26 May 2016

Trad software sales type looking for a break? Atlassian shrugs

Most new companies are likely to opt for cloud-based software, the president of Atlassian said today. And that might just bring a tear to the eye of traditional IT sales bods, given that the company had grown to its $117.9m Q3 revenue off 57,000 companies, without ever having a fleet of besuited sales types. The JIRA and …
Joe Fay, 24 May 2016
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Steady as she goes at Softcat, Q3 trading in line with forecasts

London Stock Exchange-listed reselling machine Softcat has issued a steady as she goes update to the market though it was stat light and made no further mention of economic storm clouds gsathering. The Marlow-based biz that floated late last year, warned at the half-way stage of fiscal ’16 ended January of “risks posed to …
Paul Kunert, 24 May 2016