Articles about Ipo

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
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
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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
Laptop leaning against a stack of news papers in front of a world map illustration

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
management consumerisation

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

SEC warns cybersecurity is biggest threat to financial system

The chair of the US Securities and Exchange Commission (SEC), Mary Jo White, has warned that the biggest risk the financial system faces is cybersecurity. Speaking at the Financial Regulation Summit in Washington DC, White warned the industry that their policies and procedures were not up to scratch and without them they faced …
Kieren McCarthy, 18 May 2016
Music listener rasta

Pandora investor: Sell this company sooner rather than later

A major investor in Pandora wants the company to sell out while it can. Hedge fund Corvex Partners has revealed that it owns 10 per cent of the veteran streaming music company – and that selling out to a larger company is preferable to pursuing a "costly and uncertain business plan." In a US Securities and Exchange Commission …
Andrew Orlowski, 18 May 2016
Precog Minority Report

Tintri debuts storage precog that knows what you'll need in 6 months

Tintri has made a triple-play for its future with enlarged flash capacity, the addition of scale-out and predictive analytics so customers never need get surprised by space running out. The three existing T5000 all-flash arrays now use Samsung 3D V-NAND SSDs, the ones with TLC (3bits/cell) flash, and their raw capacity has …
Chris Mellor, 17 May 2016

Queen’s Speech: Digital Bill to tackle radicalisation, pirates

Exclusive A new Digital Bill due to be announced in the Queen’s Speech tomorrow will contain a new 10-year maximum sentencing guideline for online copyright infringement, The Register has learned. Plans for a portmanteau bill were first revealed here back in January. The Bill gathers together a range of unrelated provisions on spectrum …
Andrew Orlowski, 17 May 2016

Did Spotify hire Alan Partridge to run its Netflix-style video push?

Competition Spotify’s strange lurch into creating TV shows grows even stranger. Amongst the highlights of original content is a lurid series on how music stars died. “From the PCP-fueled cannibalism of rapper Big Lurch to the murder-for-hire plot hatched by the singer of metal band As I Lay Dying, we’ll get the full story of how some of …
Andrew Orlowski, 09 May 2016
The Triton unmanned aircraft system completes its first flight May 22, 2013

Storage startups: Everyone's throwing money at you...

Blog The storage industry and IT as a whole are experiencing an interesting transformation and, as is happening in many other fields, everything is accelerating and it’s becoming very difficult to keep riding the wave for a reasonable length of time. Last week I had a conversation with Andy Warfield (Coho Data's CTO). Most of our …

UK govt admits it pulled 10-year file-sharing jail sentence out of its arse

Exclusive The UK government's Intellectual Property Office (IPO) has admitted it simply made up an official justification for 10-year jail sentences for copyright-infringing file sharers. In response to a freedom of information request by The Register asking for details on the "unpublished research" that was cited in defense of the …
Kieren McCarthy, 04 May 2016
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 …

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 …
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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 …