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Articles about Redstone

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

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
Redstone

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
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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
Redstone

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
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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
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

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
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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
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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
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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
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

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
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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

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 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

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 …
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

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 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
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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
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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
Logicalis

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
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
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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

HP wants to help you mount a Moonshot

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
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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
The Gemini Atom S1200 server node leaning on a soccer ball

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

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, …
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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
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 …
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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 …
Boston Viridis logo

Boston flexes its own ARM server muscle

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 …
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
Apollo moonshot

HP taps Intel Atom for next-gen Moonshot hyperscale servers

When HP unveiled its "Project Moonshot" effort last November to create hyperscale servers based on Calxeda's EnergyCore variant of the ARM RISC processor, cynics said it was no doubt interesting in terms of engineering, but that the "Redstone" servers were nonetheless a publicity stunt. Tuesday's preview of the next-generation " …
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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 …

Ubuntu signs HP as heavy-metal support act

Canonical's cloudy ambitions and Metal-as-a-Service vision for Ubuntu have landed the muscular backing of Hewlett-Packard. HP will certify Ubuntu 12.04 LTS Server, due to land on 26 April, for selected ProLiant servers, making this the first time users of the Linux distro can receive HP's hardware warranty support. Newer …
Gavin Clarke, 20 Apr 2012
The Avantek ARM server with its skins peeled off

Brit server maker Avantek puts its back into ARM servers

Tony Lees, managing director of Avantek Computer Limited, wants to sell you your first and then your next hundred ARM servers. "This is our current plan: to take over the world with ARM," Lees tells El Reg with a laugh. At the same time, however, Avantek is dead serious about joining the ARM army and fighting against the …
Calxeda logo

TryStack pits ARM against Xeon in the cloud

If you are dying to see how software running on a bona fide ARM server stacks up against a Xeon server, then TryStack.org has some time slices running the OpenStack cloudy fabric that have your name written all over them. TryStack was launched in February, when the companies behind the open source OpenStack project – which …
The four-socket Moonshot server card from HP using the Opteron X chip

AMD chalks up Opteron X design win on HP Moonshot hyperscale system

Hewlett-Packard is making no promises about when it will be delivered, but the company is showing off a multiple-node server cartridge for its "Redstone" Moonshot 1500 chassis using the "Kyoto" Opteron X processor from Advanced Micro Devices. More precisely, Andrew Feldman, general manager of the server business unit at AMD, has …
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
hands waving dollar bills in the air

Daisy Group blows £28m on VoIP blower biz

Acquisitive business communications provider Daisy Group has coughed £28m to acquire audio-conferencing and call-handling player Worldwide Group Holdings (WGH). The deal could rise in cost – dependant on EBITDA growth over an agreed earn-out period – and will be funded by cash from Royal Bank of Scotland, which joins Daisy's …
Paul Kunert, 13 Apr 2012
Calxeda logo

Calxeda ramping up ARM server boards

Calxeda, the ARM server-chip upstart that HP tapped for its "Redstone" hyperscale servers last November, is getting ready to ramp up production on the server cards that use its quad-core EnergyCore ARM processors, and is making waves with benchmarks while promising to do a better job with comparative testing against x86 …

Whitman: HP '100 per cent committed' to Autonomy

Hewlett-Packard CEO Meg Whitman kicked off the Discover 2012 customer and partner event today in Frankfurt with a keynote address meant to calm everyone down about HP and its future. And she trotted out her lieutenants in the enterprise hardware and software groups to help make her case. Whitman made no bones about the fact that …
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Reseller loses veteran chairman and CEO in shake-up

Managed services and software reselling outfit Maxima has raised £2m through a rights issue to fund future development and as a precursor to offloading business units that are deemed "non-core" over the coming months. The LSE-listed firm hired M&A veteran Ian Smith last month after talks with interested buyers that began in …
Paul Kunert, 19 Oct 2011
Four cats wanting to chew on Windows and Linux

AMD takes on Atom S server chips with 'Kyoto' Opteron Xs

Given its full name, Advanced Micro Devices should be dominating in microservers, those densely packed, wimpy-cored machines that are good for all kinds of data center jobs. And with the launch of its "Kyoto" Opteron X processors, AMD is hoping to get the jump on Intel and its Atom S1200 Series chips, also aimed at microservers …