Articles about Redstone

Windows "Redstone"

Operation Redstone: Microsoft preps double Windows update in 2016

Windows 10 isn't even fully baked yet, but reports have it that Microsoft is already planning its next OS release, which will arrive after Windows 10 ships later this year. Neowin was the first to leak that a new Windows release for next year, codenamed "Redstone," is in the works, and prolific Redmond-watcher Mary Jo Foley …
Neil McAllister, 07 Apr 2015

Cloudy firm Coms Plc coughs £9.5m for Redstone

The three-year restructuring at Redstone was effectively wrapped up today after management "conditionally" sold trading subsidiary Comunica for £9.5m in cash to LSE listed cloud-based telephony player Coms Plc. Under the terms of the deal, Coms will cough £7.65m on completion and a deferred consideration of £1.85m in the next 12 …
Paul Kunert, 05 Nov 2013

Redstone scourged clean of black ink by rough passage to service-land

The first set of prelims from managed infrastructure player Redstone are out and they tell the tale of a business that is making the not-so-simple transition from old world reselling to an age when tech is bought as a service. This migration was not without its challenges for senior management, who in April spun out the managed …
Paul Kunert, 11 Sep 2013

Redstone's chief bean counter resigns as biz slowly dismantles itself

Networks integrator Redstone has revealed that its chief bean counter, Peter Hallett, has resigned in the wake of the demerger with its managed services arm. Back in February, Redstone confirmed plans to spin off its network managed services biz into a newly incorporated firm, Redcentric, a process that completed in April with …
Paul Kunert, 28 Jun 2013

Project delays slam Redstone sales, profits fly as costs fall

The much-used phrase that revenue is vanity and profit is sanity is applicable to Redstone's half year numbers - the P&L was back in the black - helped by cost-cutting - but the top line was hammered. The managed services player has been in turnaround mode for the past couple of years since serial biz fixer-upper gurus Tony …
Paul Kunert, 11 Dec 2012

Redstone throws £9.9m at sickly managed services firm in all-share deal

Cloud and network integrator Redstone made a bid today for troubled managed services provider (MSP) Maxima, valuing the firm at £9.9m. The all-share deal between the AIM-listed firms equates to a 38 per cent premium on Maxima's market cap. Including the MSP's net debt of £3.9m at the end of May 2012, the acquisition represents …
Paul Kunert, 17 Sep 2012

Redcentric lines up COO as new CEO

Managed services outfit Redcentric has confirmed operations chief Fraser Fisher is to jump into the CEO chair in the not-too-distant future. In a statement to the City, the AIM-listed firm its revealed succession plans with current head Tony Weaver to step down on 9 November when interim results are filed. Weaver is to remain …
Paul Kunert, 30 Sep 2015

Integrator Redstone's accounts back in the black

The boss at network integrator Redstone reckons the turnaround plan initiated a couple of years ago is finally paying dividends as accounts returned to the black. The company had stumbled and looked likely to fall over in 2010 before biz rescue specialists Tony Weaver and Ian Smith pitched up in September that year. Smith and …
Paul Kunert, 19 Apr 2012

Sluggish banking sector brings us down, moans Redstone

Managed services outfit Redstone made little progress on the sales front in fiscal 2012 ended 31 March – albeit in a stagnating market – but it did come closer to breaking even, according to prelims. Turnover at the firm edged up just £100,000 in the year to £67.2m and it made an EBITDA of £5.2m compared to £1.1m in the previous …
Paul Kunert, 04 Jul 2012

Redstone looks to future after tough fiscal 2011

Networking integrator Redstone is hailing the return of its mojo after getting through a year of significant upheaval. Exiting markets, carving up operations and more than halving its workforce took a toll on financials in the year to 31 March 2010 as the firm notched up losses of £11m – albeit better than the £14.8m posted a …
Paul Kunert, 11 Jul 2011
fingers pointing at man

Networking integrator Redstone staggers back to its feet

Massive cost-cutting and restructuring activities have helped to reduce losses at networking integrator Redstone. The firm had featured highly on distributors' "at threat" list but during fiscal 2010 serial entrepreneurs Ian Smith and Tony Weaver took to the helm and rang in the changes, firing staff and flogging the Irish and …
Paul Kunert, 28 Nov 2011
£10 notes. Pic: Howard Lake

Channel vets eyeing up investments from atop mount cash

Channel merchant bank MXC Capital is sitting on a pile of cash and finance facilities that will be used to grab minority stakes in managed services outfits, software players and FinTech start-ups. The London Stock Exchange-listed buy and build vehicle founded by industry vets Ian Smith and Tony Weaver yesterday acquired …
Paul Kunert, 26 Aug 2015

Sources: Coms calls on corporate financer to flog telco biz

Embattled London-listed corporation Coms plc has tasked Knight Corporate Finance with finding a buyer for its voice division – and sources tell us that time is of the essence. The business comms outfit, which split with CEO David Breith in February after a boardroom bust-up, enlisted Paul Billingham, founder at Knight, last …
Paul Kunert, 17 Apr 2015
Shopping trolley. Pic: Mikey, Flickr

Coms: Yes, we DID appoint advisors to flog off our voice biz

Troubled London-listed Coms plc has publicly stated it is working with a business advisor to carve off part of its operation, following an El Chan report that it called upon Knight Corporate Finance (KCF) to sell its voice division. As revealed by us on Friday, Paul Billingham, founder and joint partner at KCF, was told to get …
Paul Kunert, 20 Apr 2015
Fight sticker

Chaos reigns as Coms plc CEO tries (fails) to stage boardroom coup

A senior level dust-up has erupted at Coms Plc with CEO David Breith trying to stage a boardroom coup, amid widening losses and a spat over Coms shares that he quietly bought. The acquisitive London-based comms biz, which swallowed certain assets from Redstone and telephony player Actimax, confirmed the chaos in a stock market …
Paul Kunert, 25 Feb 2015

Loose lips slip when Windows 10 ships: 'End of July' says AMD CEO

AMD's chief exec Lisa Su may have inadvertently narrowed down the shipping date of Microsoft's Windows 10 in a conference call with financial analysts. During a chat to discuss her firm's first-quarter earnings, Su was asked to discuss the chipmaker's business outlook for its next fiscal quarter. Her comments appeared to include …
Neil McAllister, 20 Apr 2015

Calyx Managed Services break-up begins. Just like we told you

The expected break-up of Calyx Managed Services has started, with the maintenance and carrier services divisions offloaded to Daisy Group and Chess Ltd respectively for a total of £5.5m in cash. It always seemed inevitable that Calyx MS would be carved up and sold off when private equity fund MXC Capital paid £9m to buy the …
Paul Kunert, 24 Mar 2015
Apple signs for auction

It's a Brit Apple supplier BORG: Two become one £80m fruity tech titan

Private equity-backed Jigsaw24 has swallowed fellow Apple supplier Square Group for an undisclosed sum to create a circa £80m powerhouse in the fruit-branded channel. NorthEdge Capital took a stake in Jigsaw24 in April '13, providing the Nottingham-based dealer with an investment fund to speed up growth both organically and via …
Paul Kunert, 26 Jun 2014
graph up

Redstone restructures for cash generation and growth

Redstone is dividing itself up into four autonomous operating units following its acquisition of Xpert Group in April. It says the re-organisation delivers "immediate profitability and cash generation". With the new structure, the data networking and IT products reseller, says it has "developed a strong platform for its future …
John Oates, 19 Sep 2005

AIM-listed Coms hoovers up Actimax for £3.4m

Acquisitive cloud-based telephony player Coms Plc has hoovered loss-making comms dealer Actimax in a cash splurge that could rise to £3.4m depending on results. AIM-listed Coms, which dug deep and found £9.5 to buy Redstone back in November, also revealed it is planning to place more shares on the market to raise £7.9m after …
Paul Kunert, 12 Feb 2014
thumbs up teaser 75

Redstone 'delighted' after year of takeovers

Redstone, the long-time loss-making fixed-line telecoms firm,has morphed into a new age IT and telephony hybrid with a positive bank balance after a year of financial restructuring and acquisitions. The turnaround followed the arrival in 2005 of a new management team led by CEO Martin Balaam and CFO Tim Perks. The last year has …
Mark Ballard, 08 Jun 2007

Peep peep! All aboard the £300m UK education IT procurement express

The clock is ticking for tech suppliers wanting to grab a seat on the soon-to-be refreshed UK "ICT Services for Education" framework gravy train, estimated to be worth up to £300m over four years. A contract notice was placed by Crown Commercial Services on the Official Journal of the European Union at the weekend, indicating …
Paul Kunert, 28 Oct 2014

Redstone snaps up Symphony Telecom for £17m

Redstone plc is to buy mobile outfit Symphony Telecom for about £17m as part of plans to expand its business in the UK. Symphony Telecom is a distributor of mobile and fixed line telecoms to small and medium sized businesses (SMBs). It also acts as a distributor for all five mobile network operators within the UK. Once the …
Tim Richardson, 22 Jun 2006

Ailing Calyx Managed Services flogged to MXC Capital for £9m

Private equity fund Better Capital has offloaded troubled Calyx Managed Services to tech investment and advisory house MXC Capital for £9m in what signifies a likely break-up of the biz. VC veteran Jon Moulton’s Calyx MS came on the market before Christmas, with corporate financier Rickitt Mitchell & Partners distributing an …
Paul Kunert, 23 Feb 2015

Redstone buys Xpert for £25.5m

Redstone, the UK telecoms provider, is beefing up its data networking business with the £25.5m cash and shares acquisition of Xpert Group. We last wrote about Xpert in 2001, when the then Irish-owned reseller switched domicile to the UK on the back of a £12m MBO funded by Lloyds Development Capital. In its last financial year …
Drew Cullen, 04 Apr 2005
The Register breaking news

Redstone CEO resigns

Redstone Telecom's chief exec, Graham Cove, has resigned from the company citing musical differences with the rest of the band - sorry, differences over the company's future direction. He had been MD/CEO since the company stared in 1995. But good news is that the company has managed to hold off bankruptcy, by selling 90 per …
Robert Blincoe, 26 Jun 2001
The Register breaking news

BT grabs £170m Redstone gig

BT Wholesale has won its first major deal to run a rival telco network. The deal is to run the voice network of cash-strapped Redstone Telecom, it's worth £ 170m, and it runs over six years. Twenty Redstone staff will transfer to BT under TUPE regulations. It's unclear how much of this contract is new money - BT Wholesale says …
Drew Cullen, 16 Apr 2002
The Register breaking news

Redstone loopy about broadband

Redstone is to bring forward the launch date for its unbundled broadband services following an agreement with BT. The first service should be in available in Portsmouth from April followed by Southampton, Newbury, Nottingham and Cambridge which, like Portsmouth, are all areas with high business density. The deal with BT means …
Tim Richardson, 19 Jan 2001

Redstone chipper about local loop

Redstone Telecom is "confident" that it will be able to supply xDSL services via 1250 of BT's local exchanges by July 2001. Unlike other operators that need to locate their equipment within BT's local exchanges, Redstone has taken an "external location" approach to local loop unbundling (LLU). This means it is looking to …
Tim Richardson, 27 Nov 2000
The Register breaking news

Redstone hit by DTI/FSA investigation

The Department of Trade and Industry (DTI) and the Financial Services Authority (FSA) are investigating troubled broadband telco, Redstone Telecom, over whether it kept investors properly informed over price-sensitive information, today's Independent reported. The investigation centres on a statement issued on May 8 in which …
Tim Richardson, 13 Aug 2001
The Register breaking news

Redstone bean counter is out the door

Redstone Telecom has seen the back of its finance director, saying he had provided a potentially misleading representation of the company's cash reserves. The company needs more money than it had been letting on. Alan Harrold was out the door yesterday after quick and dirty board meeting. "He felt he had to resign," said chief …
Robert Blincoe, 11 May 2001
slice of pizza

Redcentric wolfs down InTechnology MS, becomes swing-bellied midmarket fatso

Redcentric has devoured InTechnology Managed Services in a reverse takeover* valued at £65m that creates a relative midmarket channel powerhouse. Under the terms of the deal, first revealed by The Channel this weekend, 80 million shares priced at 80 pence each will be placed with institutional investors to raise £64m and the …
Paul Kunert, 18 Nov 2013
The Register breaking news

Redstone's broadband strategy ‘on track’

Redstone Telecom said today that its broadband strategy was "on track" and that it would soon be launching an ADSL trial in Portsmouth. The pilot project will test Redstone's distant location technology for local loop unbundling which works without having to install kit within BT's telephone exchanges. Instead, Redstone will …
Tim Richardson, 27 Feb 2001

Redcentric set to swallow InTechnology MS - sources

A For Sale sign has been pitched outside the HQ of UK firm InTechnology Managed Services for months and it seems CEO Peter Wilkinson is just days away from announcing a buyer. According to our sources, managed services outfit Redcentric has struck a deal with the Harrogate-based public company, whose shares are available to buy …
Paul Kunert, 17 Nov 2013

HP fuels second-gen Moonshot servers for April 8 launch

The next-generation of HP's "Project Moonshot" super-dense servers for hyperscale data centers, code-named "Gemini", are being prepped for their long-awaited launch next Monday. HP has a lot a stake with Project Moonshot, not the least of which being the viability of high-volume server manufacturing for big data-center operators …

RMS swallowed by Pinnacle Telecom

Bosses at Redstone Managed Security (RMS) have sold up to cloud provider Pinnacle Telecom for £468,000, less than half the value of the deal they struck in an MBO last December. At the tail end of 2010, RMS management sealed a £1m bid for the security reselling and services outfit with previous owner Redstone – including £500, …
Paul Kunert, 10 Oct 2011

Maxima turns to M&A veteran after sale talks go stale

Maxima has hired buy-and-build specialist Ian Smith as a non-exec director in the wake of its failed attempt to sell the business. The London Stock Exchange listed managed services provider last week revealed that it had been unable to thrash out a deal with several interested suitors and that the offer period had lapsed. The …
Paul Kunert, 19 Sep 2011
The Register breaking news

Redstone's sales rocket but it still makes a loss

Redstone Telecom has announced sales leap of 144 per cent to £17.8 million for the quarter ending June 30. Net loss before tax was £2.9 million, a year earlier it was £1.5 million for the same period. Redstone, which intends to offer broadband communication over DSL to SMEs, has 9,500 business customers. The publishers of lads …
Team Register, 30 Aug 2000

Hungry Daisy Group scoffs The Net Crowd

Acquisitive telco services player Daisy Group has swallowed IP data specialist minnow The Net Crowd (TNC) for an undisclosed sum. This adds a data and convergence play to the telco and Unified Comms businesses that are already housed by the group. Berkshire-based TNC only set up shop in 2009 and resells networking kit from …
Paul Kunert, 01 Feb 2013
The Register breaking news

Redstone hunts ISP to get DSL skills

Redstone Telecom has announced that it is in the market for an ISP, following its recent £40 million spend on data group Fastnet. The company said that an ISP would bring Internet skills to the company which it regards as essential for its planned DSL services. Graham Cove, the chief exec at Redstone said that it would not …
Team Register, 02 Aug 2000

Logicalis UK boss Tom Kelly to stand down in New Year

Logicalis veteran UK MD Tom Kelly has confirmed he is stepping down in the New Year. "Ten years is a long time," he revealed to The Channel. "It is time for a change and to face new challenges." The exec is helping with succession planing but is due to hand over control to the next UK boss at the end of February when Logicalis' …
Paul Kunert, 28 Nov 2012

Claranet gulps down rival STH in managed services merge

British managed services player Claranet has hoovered up rival STH Ltd and its subsidiary, Star Technology, in a deal it says values the acquired firm at £55m. The fragmented mid-market MSP space is ripe for consolidation with numerous deals done this year including Redstone's acquisition of Maxima. And it's a space that many of …
Paul Kunert, 23 Nov 2012

Daisy Group plans to keep buying up biz, despite hole in purse

Acquisition-hungry business comms provider Daisy Group plans to continue hoovering up firms despite posting significant operating losses for the third consecutive year. Sales for the 12 months ended 31 March 2012 were up 31 per cent to £348.6m, including a chunk of revenues from the businesses it acquired over the past year: …
Paul Kunert, 20 Jun 2012

Brit biz-gobbling comms giant Daisy Group splutters with indigestion

Biz broadband and comms giant Daisy Group has faced a challenging 12 months as its operating losses widened and organic growth stalled. In its financial year to 31 March 2013, the company-gobbling Lancashire-headquartered firm recorded revenues of £351.5m - up less than one per cent on the previous year. It also completed two …
Paul Kunert, 18 Jun 2013

HP wants to help you mount a Moonshot

ARM TechCon HP is aggressively playing matchmaker for hardware vendors, software developers, and a broad range of customers as it seeks to establish its "make of it what you will" Moonshot hyperscale server architecture. "We're turning the development model upside-down, and we're starting with the solution," John Gromala, the director of …
Rik Myslewski, 02 Nov 2013
The Gemini Atom S1200 server node leaning on a soccer ball

'Til heftier engines come aboard, HP Moonshot only about clouds

Analysis The HP Moonshot hyperscale servers are not even fully launched, and Intel and Calxeda are already bickering about whose server node is going to be bigger and better when they both ship improved processors for the Moonshot chassis later this year. Other engines will be coming for the Moonshot machines, too, HP execs tell El Reg, …
The KeyStone II family of ARM Cortex-A15 processors

TI fuels up KeyStone II ARM for HP Moonshot hyperscale servers

Hewlett-Packard is putting more ARM server processor options into its next-generation of "Project Moonshot" hyperscale servers - the latest one coming from Texas Instruments, which has been relatively quiet on the server front but plenty active in the ARM chip market at large. In a blog post, Tim Wesselman, senior director of …
Dell logo

Dell ARMs up for hyperscale servers

Look out Intel. Here comes another ARM box to the microserver party. If people didn't want ARM-based servers, Dell wouldn't build them, and so with the launch of the "Copper" ARM server sled for the "Viking" C5000 microserver chassis we know that people want ARM servers. And this is not some experiment that Dell is doing, either …

HP Project Moonshot hurls ARM servers into the heavens

Hewlett-Packard might have been wrestling with a lot of issues as CEOs and their strategies come and go, but the company's server gurus know a potentially explosive business opportunity when they see it. That is why HP has put together a new hyperscale business unit inside of its Enterprise Server, Storage, and Networking …
Boston Viridis logo

Boston flexes its own ARM server muscle

Pics UK IT supplier Boston is not waiting for ARM-powered servers to take off before jumping into the racket - instead it's getting out there on the bleeding edge and will within weeks start shipping the first of its "Viridis" energy-efficient servers. Viridis is a Latin-ish name that is derived from "green" and is meant to signify …