Articles about Ipo

Stock market. Pic: Alberto Carrasco Casado

Midwich IPO will value its AV and print distie biz at £165m

The sleepy East Anglian market town of Diss is perhaps best known as the possible birthplace of former poet laureate John Skelton – but, perhaps, Midwich will finally overshadow the one-time Poet Laureate. Midwich, the region’s finest tech distributor – for AV (audio-visual) and document services to be specific – is to sling …
Paul Kunert, 03 May 2016

Roll up, roll up: Dot Net Solutions has a 'war chest'

Microsoft minnow Dot Net Solutions is to stage a roll-up of the fragmented small biz managed services space in Europe. Dot Net, a seller of Azure public clouds on which it provides app dev, messaging & collaboration, back-up and DR, has bagged unspecified funding from US MSP New Signature, which itself got $35m from Columbia …
Paul Kunert, 03 May 2016
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You're only young but you're going to die: Farewell, all-flash startups

Comment Following news of its restructuring there will inevitably be layoffs at X-IO’s Colorado Springs facility. We hear that the company is working to get staff employment with other companies. The situation is fast-developing and X-IO’s concern is its employees and not the media, so we'll hear more later. Our interest here is not …
Chris Mellor, 27 Apr 2016
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Riverbed gears up for its second IPO

Exclusive Almost exactly a year since networking biz Riverbed exited from the stock market following pressure from activist investor Elliot, the company is once again gearing up for an IPO. The move to go private was prompted by Elliot, which had complained that the $1bn revenue company was not performing. Private equiteer Thoma Bravo …
Kat Hall, 26 Apr 2016
K2

Dell looking at higher debt mountain to buy EMC

Dell is facing its EMC acquisition debt mountain growing yet higher because the Wall St bond market will need higher interest payments to fund the deal. That could highlight product overlap costs to ex-money man David Goulden who will run the new Enterprise Systems Group, covering its servers, storage, networking, converged …
Chris Mellor, 22 Apr 2016

SecureWorks' sorry IPO falls $48m short of aim

In the first initial public offering of the year in the technology sector, Dell's infosec subsidiary SecureWorks has raised much less than expected. Despite plans to raise $160m with the IPO, Dell has pocketed only $112m after selling eight million shares at $14, merely 70 per cent of its aim. The squib of an IPO is …
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Uber settles class actions

Uber has paid $84m in two class-action lawsuits brought by US drivers. The ride-hailing app business announced it has settled cases in California and Massachusetts for $84m, which will rise to $100m if the company goes public and its valuation increases 150 per cent from its December 2015 valuation within the first year of the …
Claw hammer

Delphix appoints new CEO – but hasn't filled vacant CTO spot

Structured data copy virtualising startup Delphix has appointed Chris Cook as president and CEO, with founding CEO Jedidiah Yueh become executive chairman of the board. Why? Cook has been president and COO of New Relic since September 2011, joining from CA where he held exec-level positions since 2005. He was a sales VP at …
Chris Mellor, 19 Apr 2016
Suitcase full of money

Dell infosec unit SecureWorks given $1.42bn price tag in IPO

Dell's cyber security subsidiary SecureWorks has been valued at up to $1.42bn ahead of an initial public offering. SecureWorks filed to go public in December 2015. The S-1 form placed with the United States Securities and Exchange Commission (SEC) at the time offered a $100m placeholder figure before the valuation, though this …
Afraid of the dark, image via Shutterstock

Shall we? Shan't we? Nutanix inches towards IPO

Background + Comment Nutanix has filed an updated pre-IPO document indicating it could IPO sooner rather than later this year. The hyper-converged systems market, in which single scale-out products combine server compute, storage, networking and hypervisor software in one orderable entity with virtual SAN capability, is hot. In recent weeks: …
Chris Mellor, 08 Apr 2016
Terry Jones and John Cleese perform the Monty Python Whicker Island sketch

SimpliVity slips Hyper-V into its hyper-converged party

The “V” in SimpliVity now stands for Hyper-V as well as virtualisation, with the startup adding Microsoft hypervisor support to its existing vSphere and KVM use. Its OmniStack is a hyper-converged product, combining and integrating compute, network and storage with ASIC-accelerated X86 server base hardware, and, up to now, the …
Chris Mellor, 06 Apr 2016
Spritam 3D printed pills

Brexit: Leaving the EU could trigger UK science patent law rejig

Opinion Some aspects of patent law of relevance to life sciences companies could come back under the control of UK law makers if the UK votes to leave the EU. The UK market could be effectively closed to parallel imports and, by the adoption of appropriate legislation, the UK could remove uncertainty and encourage investment in the …
OUT-LAW.COM, 05 Apr 2016

Nutanix cracks its first $100m quarter

Nutanix has cracked US$100m in quarterly revenue for the first time. The magic number - $102,697,000 to be precise, emerged in amended pre-float documentation it has lodged with the United States Securities and Exchange Commission. The amended Form S-1 now includes the quarter to January 31st, 2016. That quarter was a beauty …
Simon Sharwood, 05 Apr 2016
Apple logo. Pic: Blake Patterson

Apple Fools: Times the House of Jobs went horribly awry

Apple at 40 Today marks the 40th anniversary of Apple's official establishment. Since 1976, the House that Steves Built has pushed out some of the most beloved personal electronics products in the world. There will no doubt be plenty of articles waxing poetic on the many successes that have dotted the last four decades for the Cupertino …
Shaun Nichols, 01 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
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Cloudera's valuation slashed by Fidelity amid IPO fail fears

Cloudera's estimated valuation was slashed 38 per cent by major capital player Fidelity Investments, reports have said, as Wall Street grows very cool on unicorn public offerings. Fidelity aired its concerns about a potential "startup bubble" by marking down its assessment of privately held Cloudera, monthly holding reports …
An eraser

Kelway's American owners to import CDW International brand to UK

Philip Kelway Doye's middle name will disappear from his firm's corporate HQ on 4 April and be replaced with CDW International, its American parent’s brand for global ops. CDW, which sells IT to 10 million SMBs in the US and turns over in excess of $50m a day, acquired Kelway in August last year for $431m and is assimilating …
Paul Kunert, 24 Mar 2016
Vader

EMC mulled a Pure Storage buyout amid patent sueball tennis

Three months before EMC bought DSSD in May 2014, the storage goliath was thinking about buying Pure Storage. EMC even admitted in emails that its rival would always win out in head-to-head proof-of-concept de-dupe battles. This is according to internal emails disclosed during EMC's patent infringement lawsuit against Pure …
Chris Mellor, 22 Mar 2016

UK tech supplier Softcat shows off fuller figures

Mid-market reselling monster Softcat is still piling on the pounds after adding hundreds of new punters and squeezing more out of existing ones. But the tech supplier agrees with Chancellor Osborne - storm clouds are gathering over the UK economy. At the half-way stage of fiscal ’16 ended 31 January, turnover at the Marlow- …
Paul Kunert, 17 Mar 2016
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Don't take this the wrong way, Pure Storage – are you the next NetApp?

Comment Back in 1992, NetApp was founded and competed with Auspex in the file storage array market. It overtook Auspex and grew and grew, entering the Fortune 500, becoming a storage platform company and a multi-billion dollar revenue corporation. No other startup has managed that feat since. Could Pure Storage be the first one to …
Chris Mellor, 16 Mar 2016
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F-me! Couchbase yoinks $30m in yet another fundraising round

Open-source NoSQL database purveyor Couchbase has raised $30m in a series-F funding round. Nestled in the heart of Silicon Valley, the Mountain View firm was formed from the merger of Membase and CouchOne. Since its series-B funding round Couchbase has continued to approach VCs with a begging bowl, bringing in $14m in a series …
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
management cloud7

Dropbox slips 500PB into its Magic Pocket, not spread over AWS

Dropbox has sucked the vast majority of its data off Amazon's cloud servers and into its own custom storage centers. This shunting of customers' files has been dubbed Project Magic Pocket. In a blog post on Monday, Akhil Gupta, Dropbox's veep of engineering, said his company has been an early adopter of Amazon S3 to store bulk …
Iain Thomson, 14 Mar 2016
management governance2

IT system lets biz opt out loads of EU patents from Unified Patent Court at once

Companies will be able to opt out an "unlimited" number of their EU patents from the jurisdiction of the new Unified Patent Court (UPC) at one time, it has been learned. Mark Craddock, a member of the IT team behind the new UPC case management system, told Out-Law.com that the UPC case management system will feature "a basket …
OUT-LAW.COM, 10 Mar 2016
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Mathletics promises security upgrades after parents' security gripes

Mathletics, an e-learning platform for mathematics that is used by millions of school kids across the English speaking world, has admitted a coding error that meant kids’ login details were transmitted in the clear. Developers Australia-based 3P Learning said that the security snafu was down to a coding error, which it has …
John Leyden, 29 Feb 2016
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Like those independent DevOps vendors? They might not be for long...

Enjoy those scrappy IOT and DevOps startups while you can, as many will not be able to resist the siren call of cash rich traditional vendors or the stock market this year, 451 Research has predicted. The analyst firm’s Tech M&A Outlook report has predicted “billions in investment” in a number of hotspot technology areas. This …
Joe Fay, 25 Feb 2016
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Speaking in Tech: IPO freeze, less capital for risks... job cuts. Time to get out of the Valley

Podcast speaking_in_tech Greg Knieriemen podcast enterprise It's another episode of El Reg's enterprise tech cast, with your hosts Greg Knieriemen and Ed Saipetch. This week, Sarah Vela is missing so SolidFire's (now NetApp's) Amy Lewis jumps in to take her seat while we talk about private clouds, Ravello and the tech IPO freeze. Our …
Team Register, 24 Feb 2016
Hadoop

Great news, investors of Hortonworks: Only $179.1m net loss in 2015

All that glitters in the world of big data is not necessarily gold - just ask Hadoop-flinging Hortonworks and its army of investors that are today counting the latest annual losses. The Santa Clara-based business reported revenue of $121.9m for the twelve months ended 31 December, versus $46m in the prior year, as customer …

Twitter CEO Jack's off to the settings page, adds robot-sorted tweets

It's official – Twitter is slightly moving away from being a hosepipe of real-time wittering. It will use an algorithm to sort tweets into some arbitrary order. However, twits will still be able to sort tweets by time and date as per normal, so there's no need to panic. Rumors of the switch to robot-promoted-tweets have had …
Iain Thomson, 10 Feb 2016
Slack, Atlassian HipChat and a Rainbow Unicorn

Atlassian creates new Android, iOS development teams

DevOps darling Atlassian has created new development teams for iOS and Android, and is seeking principal developers to lead both. Job ads are appearing in the usual places, mentioning “a brand new, kick-arse team to start an iOS development practice” and a “a brand new, kick-arse team to start an Android development practice …
Simon Sharwood, 09 Feb 2016
Music listener rasta

Labels to artists: You'll get a penny, so go away

Two of the three major record labels last week promised to share some of the money from the windfall they may receive from a Spotify IPO with artists. Neither said how much will land in the busker's hat. But the implication was that this was an act of munificence, and whatever the amount is, they should be jolly grateful. …
Andrew Orlowski, 08 Feb 2016
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Puppet CEO: No hype in DevOps... except for the overhyped bits

The DevOps market is not overhyped – except for container technology and other bits that are, the head of Puppet Labs told us last month. Depending on your point of view, the technologies of DevOps, Agile Continuous Delivery and digital transformation are worthy of slavish devotion, or are subject to egregious levels of hype …
Joe Fay, 08 Feb 2016

Pure as the driven CEO: El Reg chats to Scott Dietzen on taking the flash array high road

Analysis Scott Dietzen is leading Pure Storage along the flash array high road, determined not to cede any advantage at all to flash array rivals and driving Pure to stay in the flash market forefront by investing for growth. He's been in the CEO chair at Pure for five and a half years now, and three months post-IPO sees the firm …
Chris Mellor, 05 Feb 2016

Flash array biz Tegile swings axe on staff

Exclusive Today we learned hybrid and all-flash array supplier Tegile has sacked half its staff in the UK, and all its staff in the Netherlands. It had only just recently opened its Dutch office. Rob Commins, Tegile’s veep for marketing, told El Reg: “First and foremost, we had an excellent fiscal 2016 that we just wrapped up on January …
Chris Mellor, 04 Feb 2016

Perforce boss: ‘I’m just the cook’, flips firm to private equity

Perforce Software’s founder has given up the reins of the company - and its privately held status - and sold the firm to group Summit Partners. As well as a lump of cash, the 21-year-old software lifecycle management outfit gets a new CEO, in the shape of industry veteran Janet Dryer. In a blog post, Perforce founder and …
Joe Fay, 02 Feb 2016
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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
Hipster with laptop photo via Shutterstock

Sorry slacktivists: The Man is shredding your robo responses

Years ago, we were told that mass democratic participation was was going to be revolutionised by the web. One click was all it would take to effect change - if only enough people clicked. We would tweet truth to power. Instead of arranging to see an elected representative, we could fill in a handy web form. The future belonged …
Andrew Orlowski, 29 Jan 2016
Sprint

Pivot3 pivots, buys NexGen

Analysis In a major pivot, all-flash and hybrid array startup NexGen is merging with hyper-converged infrastructure appliance software startup Pivot3 in a cash-free stock merger. When startups merge that’s generally a sign that the original mission is failing and/or the backing VCS are getting nervous. What makes this more surprising …
Chris Mellor, 28 Jan 2016

Former tech PR Jeremy Hunt MP ordered by judge to delete tweet

The Secretary of State for Health (and former technology PR) Jeremy Hunt, got himself into a bit of bother with a judge after sending a tweet during the Frances Cappuccini manslaughter trial. On the only the second day of the trial, Hunt had used the microbabble platform to link to a news report of the case, and commented that …
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EMC Federation to reveal new hyper-hyper converged appliances

EMC, VMware and VCE will soon announce a new range of hyper-converged appliances that EMC II CEO David Goulden says are game-changers. “For the last several months EMC and VMware partnered very closely to develop a new next-generation hyper-converged appliance family that uniquely leverages technology from EMC, VMware and VCE …
Simon Sharwood, 28 Jan 2016

Which tech stocks are suffering and – crucially – why?

Analysis With the stock markets on a slide since the start of the year, the usual game of over-hyping companies that are doing well has flipped and now the game is to give companies – particularly tech stocks – a good kicking on the way down. Much of the current frenzy appears built around Twitter, which is having a bad year, and the …
Kieren McCarthy, 20 Jan 2016
Hadoop

Hortonworks shares plunge 22% after secondary IPO news

In Brief The shares of the Hadoop open-source software distributor Hortonworks have plunged 22 per cent following the company's announcement that it had filed for a secondary IPO. Hortonworks is seeking to raise a proposed maximum $100m through the sale of common stock shares, according to a filing with the Securities and Exchange …

Puppet Labs guards cash pile, gets chilly over IPO plans

Puppet Labs has laid out plans to scale up its R&D and sales operations, after tapping a credit line and apparently putting plans for a Spring IPO on ice. The IT automation vendor said last May that it expected to hit revenues of around $100m in 2015, and to make a stock market debut this spring. However, while last year saw …
Joe Fay, 20 Jan 2016
Tesla was a bright spark

The Bong Diaries, Pt.94: Bowie, Martha... and where's my knighthood?

¡Bong! “Here in my Car. I can only receive I can listen to you It keeps me stable for days In Cars" - David Bowie and Brian Eno: “My Life in a Bush of Ghosts” Jan 1st Grand Cayman I scan the New Year’s Honours with some dismay. Previous years have been studded with digital recognition. Past recipients have included an MBE …
Steve Bong, 15 Jan 2016
Violins

NYSE fed up of Violin's bum notes, threatens stock market ejection

Violin Memory is under notice of being delisted from the New York Stock Exchange because its stock price has been less than $1.00, on average, for 30 days. The company has said it will regain listing compliance. To be compliant with NYSE listing practice a stock’s average closing price has to be at least $1.00 over a 30-day …
Chris Mellor, 15 Jan 2016

Zes, zir, zank you, zir: Zerto zucks in 50 zillion zucks in zenture zapital

+Comment Startup Zerto has picked up $50m in a fifth round of funding. Zerto's main product is Zerto Virtual Replication which protects, migrates and recovers applications in cloud and private virtualized data centers; think of it, crudely, as the Veeam of replication. It also has a Cloud Continuity Platform to protect and move …
Chris Mellor, 13 Jan 2016
Violin VIMM

Violin Memory's top dog snubs activist investors Clinton Group

Violin Memory's CEO has given the company's board a public pat on the back, snubbing activist investors as he does so. After the Clinton Group letter putting Violin's board on notice to sell the company well before the June AGM, threatening to put up three of its own nominees for board seats, Violin has issued a statement …
Chris Mellor, 11 Jan 2016
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NetApp finance chief quits, dons Blue Coat

+ Comment NetApp’s finance boss, Nick Noviello, has resigned to become CFO at Blue Coat Systems, with an interim CFO, Jeffrey Bergmann, appointed while guidance for the next quarter remains the same. Bergmann is currently veep of corporate finance who joined NetApp in June 2009 as veep for global tax affairs. A search is reportedly …
Chris Mellor, 07 Jan 2016
ZenPad_RealRacing

Amazon, Azure and Google in race to the bottom ... of cloud storage pricing

Storage 2016 A period of quiet, rest and reflection is what the storage industry needs after a frankly hectic and very eventful 2015. It won't get it. The opposing forces of simplicity and complexity, access speed versus capacity, server versus array, on premises versus cloud, and tuned hardware and software versus software-defined are …
Chris Mellor, 04 Jan 2016
Exocet anti-ship missile

Storage suppliers: Who reached for the stars, who burned up in orbit?

Storage year in review, part 3 Winners, losers, refugees, death, near-death, and a miraculous recovery ... all these were things that characterised the year for storage suppliers in 2015. They experienced earthquake-level changes as the movement of tectonic storage plates like flash, the cloud, server-based storage and activist investors shook old assumptions …
Chris Mellor, 03 Jan 2016