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Articles about Netstore

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2e2 rolls up Netstore for UK channel glory

2e2, the private-equity backed reseller group, is buying Netstore for £57m in cash. The deal appears to be more about scale than heavy cost-cutting - 2e2 says customer overlap with AIM-quoted Netstore is limited. To 2e2, bigger means better customer retention, and easier-to-find and keep good staff. And of course, it brings …
Team Register, 12 Aug 2008
2e2

Channel biggun 2e2 dragged to county court over £14,000 debt

Reseller-cum-integrator 2e2 has been handed a County Court Judgment (CCJ) over the late settlement of a £14,000 debt. The CCJ lodged at the Northampton County Court's money claims centre must be resolved inside 30 days of 15 September. Failure to do so means the debt is not scratched off the register even after it's been paid …
Paul Kunert, 21 Sep 2012
2e2

Integrator-reseller 2e2 'broke banking covenant', hits credit buffers

The future of integrator-cum-reseller 2e2 is unclear amid claims from sources close to the firm that it broke a banking covenant in December and is running up to its credit limits in distribution. The Berkshire-based business has been a cause for concern among many wholesalers and vendors due to its massive debt and has reported …
Paul Kunert, 09 Jan 2013
The Register breaking news

NetStore gets £3 million from 3i and two clearing banks

3i has brokered a funding deal for the NetStore Group in which it, NatWest and Barclays Ventures will fund the services company to the tune of £3 million. This is the second round of funding for NetStore. In the first round, 3i financed the deal. Daniel Morgan, a senior consultant at 3I, said: "As an investor, you need to listen …
Mike Magee, 25 Aug 1998
The Register breaking news

NetStore delighted with £5m loss

ASP e-outfit NetStore has reported an operating loss of £5 million in its maiden preliminary results for the year. Turnover was £1.4 million - up from £800,000 on the previous year - with outstanding contract revenues reportedly at £4.8 million. NetStore CEO Gary Smith said he was delighted that the company was "continuing to …
Team Register, 21 Aug 2000
2e2

UK's 2e2 goes titsup

Troubled integrator 2e2 Group has left a potentially devastating trail of debts in its wake after calling in the administrators to its UK ops. The financial backers of the Berkshire-based business hauled in FTI Consulting on Monday afternoon, putting nearly 2,000 jobs at risk of redundancy. "We are working closely with …
Paul Kunert, 29 Jan 2013
channel

Housing Corp dumps Elonex

The Housing Corporation has dumped Elonex as a supplier after three difficult years. In a statement, dated 22 December 2005, the corporation confirmed it had terminated its contract with Elonex and said: "A new contract for the majority of services has been put in place with the previous ASP sub-contractor, Netstore. The …
John Oates, 17 Jan 2006

Content-based backup cuts PC storage needs

A new breed of content-based backup technology is on show at CeBIT. Designed for corporate PC networks, it can back up email and application data on individual PCs without requiring huge amounts of storage space on a server. The idea is a simple one: if a file exists in several places, you only store one copy of it. This …
Bryan Betts, 17 Mar 2003

EMC pushes ATA into Enterprise

ComputerWire: IT Industry Intelligence EMC Corp has branched off into what, for the company, is new territory, with an ATA-based nearline system for storing fixed-content data objects such as document or medical images, Tim Stammers and Rik Turner writes. This is the first time that Hopkinton, Massachusetts-based EMC has used …
ComputerWire, 30 Apr 2002
The Register breaking news

IBM seeks mid-market relevance

As part of its drive to make itself more relevant in the mid-market IBM has launched three new, what it calls, IBM Express Managed Services (IEMS). These are in addition to a couple of existing services, one of which IBM is keen to remind us of and another which it would prefer to sweep under the carpet. All these services are …
Bob Tarzey, 24 Oct 2005
The Register breaking news

2001: the first distie failures

The new year is barely four days old, and two distributors have already gone into administrative receivership. IMC Distribution, which is best known for handling Umax's scanner line, went into receivership on Tuesday. Callers to its Ascot. Berks office are told that it is "now closed". Users with sales and support enquiries …
John Leyden, 04 Jan 2001
The Register breaking news

Net Finance News: 22-28 Aug 1999

27 Aug 1999 ICANN moves on cybersquatting Online sales hit logistical brick wall Sports Internet gambles on Surrey Group 26 Aug 1999 QXL, the UK’s answer to Ebay and Onsale, estimates its revenues this year at between £15m and £30m this year - a pretty wide variation, really. In an interview with the FT, chief executive Jim Rose …
Team Register, 01 Sep 1999