Articles about Ipo


China's LeEco eyes up US, takes on, er, Apple, Samsung, Netflix, Tesla

Pics Chinese tech maker LeEco (pronounced Le Echo) has made its entrance into the US market – with a lavish press conference in San Francisco that showed the Middle Kingdom isn't afraid to take on some of the biggest names in technology. The giant unveiled a high-spec smartphone that massively undercuts rivals Apple, Samsung, and …
Iain Thomson, 19 Oct 2016
Morgan Stanley

SimpliVity sheds staff, rattles tin for another $100m from investors

+Comment Hyper-converged infrastructure appliance vendor SimpliVity is working with Morgan Stanley to get more private funding and to launch an IPO possibly in 2017. It has also laid people off. SimpliVity has been making cuts while looking for $100m in extra cash, a source familiar with the matter has told The Register. We have seen …
Chris Mellor, 19 Oct 2016

Brexit? No impact at all, chuckles reseller juggernaut

The storm clouds Softcat pointed to gathering over the industry in the months prior to the EU referendum didn’t rain on the firm’s parade after all, judging by financial results outlined to the City today. The mid-market reseller said in the spring that business confidence could be dented by political uncertainty, but as it …
Paul Kunert, 19 Oct 2016

Lenovo be Nimble, Lenovo be quick, inks deal to take on Dell EMC kit

Lenovo, which has huge ambitions in the storage market, has sealed a partnership deal with Nimble and will be selling Nimble's all-flash array and using its predictive analytics. Nimble Storage was one of the original trio of hybrid storage array vendors that emerged a few years ago - the others being Tegile and Tintri. It …
Chris Mellor, 17 Oct 2016
Stock market image via Shutterstock

Mega-Misys IPO trimmed: Firm slashes expectations by £1bn

Misys, the British banking software business, has slashed the value of its initial public offering by £1bn. The London-based business is currently privately owned by Vista Equity Partners, which purchased Misys for £1.3bn back when it delisted in 2012, and has more than 4,600 employees on a global basis. It had first listed in …

DIY storage startup: Tech, check. Techies, check... Er, credibility?

Part Four You need customers, but credibility too. One begets the other. But which comes first? We are now in the final, challenging chapter of early start up mode: of getting paying customers and leveraging them to your advantage in the world to gain more. As Tech 3.0 launches the dance for the B round starts. Everything here depends …
Trevor Pott, 17 Oct 2016
The box atop a wooden pallet

Inside the Box thinking: People want software for the public cloud

Analysis On-premises file sync and share and collaboration is yesterday's story. The future is the public cloud with dedicated software service suppliers, like Box. File sync, share and collaboration is not a feature, but a product, best expressed as a service (SaaS) through Box's three data centres and the public cloud, and not …
Chris Mellor, 10 Oct 2016

Everspin's Friday IPO goes pop: Moderate amount of champagne all 'round

Everspin has spun out its IPO; it offered 5 million shares at an estimated $8 a pop to rake in an estimated $40m, with shares starting trading on Friday October 7, opening at $9.10 and currently trading at $8.02. Not a disaster then. The magneto-resistive RAM startup has pulled in total funding of $80.3m since it was founded …
Chris Mellor, 10 Oct 2016
Suitcase full of money

Misys in £5.5bn IPO

Misys, the banking software firm, is returning to the London Stock Exchange four years after it was bought by a private equity firm. The company aims to raise £500m at a price valuing it at £5.5bn. Since delisting in 2012, Misys has restructured and merged with Turaz, the former risk management software division of Thomson …
Drew Cullen, 06 Oct 2016

Speaking in Tech: Making $1bn profit from a $10m investment? We'll take it

Podcast speaking_in_tech Greg Knieriemen podcast enterprise Speaking in Tech #231 - Melissa This week Ed Saipetch is back this week with Podcast Idol Melissa Gurney from Dell EMC. Our special guest this week is Erin Banks, Big Data & Analytics Marketing Director at Dell EMC. The trio discuss Big Data, Nutanix IPO, FPGA’s, DDOS and …
Team Register, 05 Oct 2016

Scale scales: HCI maverick heads upstack with apps

Hyper-converger Scale Computing is adding business applications to its offerings with virtual desktop infrastructure (VDI) and business analytics available to its small and medium business customers. Workspot is supplying the VDI software, which it says is straightforward to use. Jason Collier, a co-founder at Scale Computing …
Chris Mellor, 04 Oct 2016

Software-defined traditional arrays could be left stranded by HCI

Comment A rising tide lifts all boats and the Nutanix IPO signals that all the hyper-converged infrastructure product boats are going to get a lift. Where does that leave software-defined storage (SDS) – stranded on a mudbank? If your business is providing cheap storage arrays through having customers run your array, controlling …
Chris Mellor, 04 Oct 2016
John Cleese, Ronnie Barker and Ronnie Corbett in the Frost Report Class sketch

NetApp, storage class memory and hyper-convergence

Architecting IT blog There have been rumours that NetApp plans to move into the hyper-convergence market, followed up by The Reg's Chris Mellor here. If they are indeed true, the intention shouldn’t be a surprise in some respects. As the storage market fragments, the incumbents have to adapt to the needs of customers, and hyper-converged systems …
Chris Evans, 03 Oct 2016
Man in blue shirt and tie raises face to the sky in bliss during double fist-pump. Photo by Shutterstock

Nutanix, yesssss: Fist-pumping breaks out everywhere storage IPO wannabes are found

Comment There’ll be a spring in the executive offices of Cohesity, Rubrik, Tegile and other storage startups this morning; senior managers will have checked Nutanix’s share price and have that rosy glow that comes when your prospects have suddenly brightened. Hyper-converged market leader Nutanix IPO’d on Friday and, so far, it has …
Chris Mellor, 03 Oct 2016

Nutanix slam dunks IPO

Hyper-converged tech upstart Nutanix debuted on the Nasdaq on Friday as NTNX – as expected – opening the day at $26 and closing at $37. That's up 131.25 per cent on its initial offer of $16. The biz, based in San Jose, California, had priced its stock at $11 to $13, but upped that last night just ahead of its initial public …
Chris Mellor, 30 Sep 2016

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
still of Ian McKellan as magneto in the x-men movie

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
Rubber duck (classic, yellow) floats on water. Photo by shutterstock

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
Woman holds up PBX phone in office. Pic by Shutterstock

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 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
hands waving dollar bills in the air

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, 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
Multi-level burger too big to eat. Photo by Shutterstock

Nutanix: Yup, OK, we gobbled PernixData, 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 No prices have been disclosed but we understand the 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
 Putting text-reading robots to work. Arthur_Caranta, CC BY-SA

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

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

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 …
Stock market image via Shutterstock

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 …

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

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

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

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
Defeated-looking young man puts his head against table in front of laptop and pile of papers in conference room. Pic via Shutterstock

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

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 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
chef presents a roast chicken in pomegranate sauce. Photo by Shutterstock

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
Piranha fish pattern illustration

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