Articles about Ipo

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Post-IPO Pure doing all right, says NVMe is the new flash

Pure Storage all-flash arrays continue to rise, with revenues up 50 per cent year-on-year in Pure's third fiscal 2017 quarter. Pure beat Wall Street estimates, and says it has achieved a near $800m run rate. It must be hoping for similar growth in its current quarter and, by its own reckoning, it could be a billion dollar a …
Chris Mellor, 01 Dec 2016

Heard of Brexit? The UK vows to join Europe’s Patent Titanic

Comment Astonishment has greeted the UK’s promise to join Europe’s Unified Patent Court despite Brexit. It’s a stunning victory for the nation's powerful legal lobby. The FT euphemistically notes that “the legal system” will be around “£200m a year” richer. Meaning: you know who will be £200m richer. The announcement was made by the …
Andrew Orlowski, 29 Nov 2016
Well-dressed man drinks whisky in expensive flat. Photo by Shutterstock

Confirmation of who constitutes average whisky consumer helps resolve dispute

The average consumer of Scotch whisky is reasonably well informed and reasonably observant and circumspect member of the general public who has an average level of attention, the EU's General Court has confirmed in ruling over a trade mark dispute. The determination by the Court helped whisky manufacturer William Grant & Sons …
OUT-LAW.COM, 29 Nov 2016
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Pound's plunge opens UK's tech SMBs to foreign buyouts - analyst

The £24bn purchase of Brit tech success ARM Holdings by Japan giant Softbank this summer was a contentious affair. The new government claimed it demonstrated that post-EU referendum Britain is “open for business”, although it has also voiced concern about British assets falling to overseas buyers with talk of a more focused " …
Gavin Clarke, 28 Nov 2016

Talend CEO: Profit? We're a few years off... But we're cash-flow positive

Interview Founded in France in 2005, Talend made its initial public offering on the NASDAQ in July, listing as a French company although it's now headquartered in Redwood City, south of San Francisco. It was only the fifth technology IPO of the year, raising questions as to how fruitful the listing might be. But Talend raised $94m, and …
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IoT upstart Sigfox gulps down €150m funding but falls short of target

French Internet of Things startup Sigfox has missed its $200m funding target for its latest round, settling for €150m ($159m) instead – although it has Salesforce, Intel, and others on board as investors. Sigfox is a wireless connectivity player in the IoT world. It sells low-powered networking kit designed for industrial IoT …
Gareth Corfield, 18 Nov 2016

NetApp's regeneration could be deep surgery or anti-wrinkle cream

Analysis NetApp's long story short – customers aren't buying the old stuff and don't like the new stuff much either. In its second fiscal 2017 quarter, revenues of $1.34bn were 7.6 per cent down on $1.45bn the year before. They were 3.9 per cent higher than Q1 2017's, though. Profits (net income) of $109m were 4.4 per cent …
Chris Mellor, 17 Nov 2016
The Taj Mahal

Vodafone blames €5bn H1 loss on cutthroat Indian competition

Vodafone struggled with declining revenues and profits in its first half of this fiscal year, despite blaming its €5bn net loss on a writedown of its Indian arm's value thanks to increased competition. The British telco, which from April this year has been counting its coins in euros instead of pounds, recorded a net loss of € …
Gareth Corfield, 15 Nov 2016
Seagate_ClusterStor_L300

Gotta speed up HPC arrays. Flash or disk, flash or disk. Let's do both – Seagate

Seagate’s ClusterStor 300N storage array for high-performance computing is a hybrid flash/disk array, lifting sequential bandwidth by 33 per cent and small, random I/O by up to 1,200 per cent. The idea is that the 300N systems run mixed workloads much better than previous ClusterStor arrays, by using flash to accelerate IOs …
Chris Mellor, 14 Nov 2016
F16

Kaminario's Dani Golan reaches for the sky

Profile Dani Golan stands on the roof of his Israeli headquarters and points out features of the scenery: an 8,000 year-old ruin here, an ancient trade route there, a modern highway alongside the building, a sign to Nazareth, and fighter jets taking off from a nearby airforce base with thunderous, sky-filling roars. Dani is …
Chris Mellor, 14 Nov 2016
Wedding ring

HPE and SimpliVity may be at church door

Meg Whitman’s big storage play could soon be realised with sources claiming Hewlett Packard Enterprise is to bid between $3.8bn to $3.9bn for Simplivity. SimpliVity is the number two startup in the hyper-converged infrastructure appliance (HCIA) market which, in turn, is the strongest growth market in storage. Dell-EMC is the …
Chris Mellor, 09 Nov 2016
Infinidat_1U_tray

Leaner, meaner screamer from Infinidat dreamer

Infinidat is tweaking its Infinibox array design to increase its capacity. The present 3U drive trays and 2U controller enclosures will each become 1U trays, enabling an increase from 480 drives to 720 in a rack – a 67 per cent increase. These drive trays hold 60 vertically mounted disk drives. At Infinidat's Herzliya office …
Chris Mellor, 07 Nov 2016
Laptop leaning against a stack of news papers in front of a world map illustration

Fitbit kit not a hit

Fitbit is giving investors cause for concern after the wearables company posted a 43 per cent drop in profits, year on year. The fall comes despite seeing Q3 2016 revenues climb by 23 per cent to $504m and total unit sales were up by 11 per cent. The company noted the profit fall was based on a number of factors, including a …
Shaun Nichols, 02 Nov 2016
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Cloudian passes begging bowl round VCs to net $41m for object storage dev pool

Cloudian, the S3-or-bust object storage software startup, has passed a VC begging bowl around and raised $41m in a D-round of funding. Total funding is now, Cloudian says, $79m, and the cash is going to be used for software engineering, expanding sales and marketing, and building out its international operations. The funding …
Chris Mellor, 27 Oct 2016
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Misys cans IPO

Misys has scrapped plans to IPO, blaming market conditions. Earlier this month, the UK banking software vendor announced its intention to returned to the London Stock Exchange four years after it was bought by a private equity firm, Vista Equity Partners, for £1.3bn. In a terse note the company claimed "encouraging …
Drew Cullen, 27 Oct 2016

2016 has been a garbage fire. But 2017's looking up – there'll be loads of IPOs, beams Intel

Pretty much everyone can agree that 2016 has been awful all round, but hey here's something we can look forward come January 1: 2017 is going to be the year of new tech IPOs, according to the CEO of Intel's venture capital arm. Giving the keynote at the Intel Capital Global Summit in San Diego, Wendell Brooks was bullish about …
Kieren McCarthy, 24 Oct 2016
LeSEE

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
Nimble_AF_Series_table_competition

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
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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
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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
row-boats

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
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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
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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
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 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
 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
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