Articles about Restructure

Profits down, image via Shutterstock

Logicalis: Top line shrinks as UK restructuring continues

Restructuring at Logicalis that weighed heavy on the integrator’s financials in recent times will be over and done with at some point before the, er, end of next February. Datatec, the London-listed parent of Logicalis and networking and comms distie Weston, today issued a heads up for first quarter trading ended June - sales …
Paul Kunert, 20 Jul 2016
Bin

Atlantis retreats to core VDI software and appliance market

Atlantis Computing, the software house that produced a VDI (virtual desktop infrastructure) offering and then expanded into general virtual server acceleration and on into hyper-converged appliances, is scaling its product line back to workspace software and hyper-converged appliances, with consequent job losses. Its current …
Chris Mellor, 29 Jun 2016

Hewlett Packard Enterprise CTO, CCO to call it a day

Martin Fink, the chief techie straddling Hewlett Packard Enterprise’s global Labs is quitting just as the prototype of his most ambitions project to date, The Machine, edges closer. In a blog note today, CEO Meg Whitman confirmed the CTO will be “retiring” at the end of the year after more than three decades at the company. “ …
Paul Kunert, 27 Jun 2016

Outsourcery: We've had offers for our assets (and, er, shareholders might get nothing)

Investors in beleaguered cloud biz Outsourcery may well take a bath after the company confirmed it is in talks with suitors who made offers for its assets that will leave them little or no return. The Manchester-based biz, set up by former Dragon Den's luvvie Piers Linney, revealed in April it was again running out of cash and …
Paul Kunert, 03 Jun 2016
open_door_648

Eject button hit: UK overlords of tech distribution split

What a week it has been for high level UK departures, with three major tech distributors – Arrow ECS, Ingram Micro and Wick Hill – parting with a big cheese. First up is Nick Thurlow, veep of north west Europe at Arrow, who confirmed to us he is leaving at the end of this month a little over three years after he joined from …
Paul Kunert, 03 Jun 2016
management management4

I'm in, says insolvency expert, grabs chair on board of Dragons’ Den star's firm

An insolvency and restructuring veteran has taken a seat at the board of moribund cloud services firm Outsourcery as one of the requisite Ts&Cs to secure a funding lifeline from Vodafone. The AIM-listed firm run by former Dragons’ Den badass Piers Linney and joint-CEO Simon Newton revealed David Duggins, senior advisor at …
Paul Kunert, 12 May 2016
Big cloud, image via Shutterstock

Outsourcery inks Vodafone finance deal as selloff rumours grow

Sickly slinger of cloud services Outsourcery has signed a finance deal with Vodafone to keep the wolves from the door as it prepares to restructure – or do what some are interpreting as readying itself for a sale. The AIM-listed bringer of infrastructure, apps and UC services revealed at the start of this week it is again …
Paul Kunert, 27 Apr 2016
Axellio hardware

X-IO spinning off Axellio line into new biz

Exclusive X-IO Technologies is spinning off its Axellio flash array tech into a separate company as it prepares to stop investing in a market share bun fight with the existing ISE and iglu products. The company has sold in excess of 8,000 ISE flash and flash/disk arrays, and iglu storage data services products, to more than 1,500 …
Chris Mellor, 26 Apr 2016
recruitment_hired

Swallow flies into Logicalis UK exec nest

Logicalis has sworn in acting UK boss Bob Swallow as the permanent MD, vowing to fill the other seats in the senior management team next month. Swallow moved to the Slough-based system integrator last summer, first as a contractor to restructure sales for the Cisco team and then as sales director from November. The man has …
Paul Kunert, 20 Apr 2016
Train wreck

IBM shuffles units, axes staff, sees profit shrink

IBM's attempts to re-organize its businesses and focus on its Watson cloud-AI-offering-thing did not prevent Big Blue from tumbling to its sixteenth consecutive quarter of falling revenue. The enterprise giant said on Monday that its new "reporting structures" will show how it is focusing on growth markets like cloud services …
Shaun Nichols, 19 Apr 2016
Iain Duncan Smith. Pic: Foreign & Commonwealth Office

Iain Duncan Smith's Universal Credit: A timeline

Universal credit, the proposed one online benefits system to rule them all, has always been Iain Duncan Smith's brainchild – but with his shock departure from the Department for Work and Pensions, will the government finally put a bullet in the troubled project? Announced with great fanfare in 2011, the programme intended to …
Kat Hall, 21 Mar 2016

Trade union threatens work-to-rule action over HPE Lancashire job cuts

The Public and Commercial Services trade union has - as expected - opened a ballot calling for work-to-rule action over HPE's plans to axe 166 jobs in Lancashire. Staff at HPE’s infrastructure outsourcing unit in Lytham who work on public sector contracts, including business for the Department of Work and Pensions, were put at …
Kat Hall, 18 Feb 2016
Off_shore_drilling_rig

The fracking oil price drop whacked Panasas – who's next in energy IT?

NAS appliance maker Panasas was forced to restructure after falling oil prices caused its customers in the energy sector to spend less on its technology. That's why executives fled the building, and why other staff have been let go. CEO Faye Pairman said Panasas has a long-standing strategy of diversifying into vertical …
Chris Mellor, 04 Feb 2016
Toshiba Satellite S50-B

Sorry, Toshiba, speak up ... What was that? A $6bn loss amid an accounting scandal?

Life isn’t getting any easier for Toshiba: the accountancy-scandal-hit Japanese conglomerate has forecasted a wider net loss of ¥710bn ($6bn) for its fiscal year, which ends in March. The worst set of losses in the company's history – it was founded in 1875 – are being blamed on restructuring costs, and amortisation of the …
Paul Kunert, 04 Feb 2016
1950s style illustration - Smiling woman talks into rotary phone

BT airs out new business structure as it digests EE

BT is to create a Frankenstein business unit on April Fools' Day worth £5bn out of old parts of BT Global Services focused on the UK, BT Business and EE's newly acquired business unit, it announced during "record" third quarter financial results. The major restructure plans come days after the outfit completed its £12.5bn …
Kat Hall, 01 Feb 2016

Microsoft hammers first nails into Enterprise Agreements' coffins

Microsoft is to prevent SMEs from buying software via an Enterprise Agreement, a move some industry figures interpreted as the first of a death-by-a-thousand-cuts fate for the volume licensing programme. From the start of July, Microsoft will raise the minimum commitment on EAs from 250 users/ devices to 500, channel partners …
Paul Kunert, 26 Jan 2016
arsenal_b_dortmund_champions_league_648

Database rights are no 'impediment' to Europe's data-driven economy

Opinion The existence of database rights does not hold back EU businesses from developing innovative new uses for data, despite what a recent report backed by two European Parliament committees says. Examples from the sporting world show that database rights can in fact support innovation in uses of data and, in contrast, highlight …

Activist investors want tepid Yahoo! to reboot crashed Marissa Mayer

Updated Activist investors Starboard have joined calls for a management overhaul at Yahoo!, arguing the company is hemorrhaging cash under its leadership. In a letter to the company's board (PDF), the investors note that the past year has been "extremely frustrating" for shareholders, which has seen a "continued downward spiral of the …
Kat Hall, 06 Jan 2016
Man holds white flag while sitting alongside empty beer bottles next to a toilet bowl. Pic by Shutterstock

IBM union: OK guys, you've beaten us down, we give in

The sole unionised outpost trying to give a voice to IBM workers Stateside has frozen campaigns, citing sustained job cuts and a resulting drop in membership as the reasons. Alliance@IBM was set up in 1999 to organise protests against redundancies as Big Blue started to move more roles, particularly in manufacturing and …
Paul Kunert, 06 Jan 2016
Toshiba

Toshiba denies NAND exit report with 'no decision made' comment

Giant Japanese conglomerate Toshiba, currently restructuring in the wake of a huge accounting scandal, has denied media reports that it intends to pursue a flash foundry spin-off. The Japan Times has reported (citing sources) that the flash foundry business could be set up as a separate subsidiary owning the Yokkaichi plant in …
Chris Mellor, 21 Dec 2015

Samsung shoves IT arm into connected cars, hires new hands

South Korean conglomerate Samsung is setting up new organisations including a car tech component team, and rejigging some of the leadership as the company prepares for winter in tech land. The annual structural re-org this time around is to “pre-emptively respond to business uncertainties”, the company stated. The fundamental …
Paul Kunert, 10 Dec 2015
Microsoft Lumia 640 Windows Phone

Mincing Nokia's factories made Microsoft a sausage factory

Microsoft's revealed that gutting Nokia has made a dent in its diversity data. Redmond's new Global Diversity & Inclusion update says “... primarily due to the restructuring of our phone hardware business – we experienced an overall decline in the percentage of women working at Microsoft worldwide, from 29 percent (Sept. 30, …
Simon Sharwood, 25 Nov 2015
Skip full of rubbish outside an office building. Photo via SHUTTERSTOCK

Deutsche Bank's creaking IT systems nervously eyeing bins

Deutsche Bank is the latest financial institution to announce plans to rip out its creaking IT, according to reports. According to the Financial Times, John Cryan, the new boss of Deutsche Bank, is determined to overhaul the creaking computer systems that he blames for its woes. It follows a major management restructure last …
Kat Hall, 27 Oct 2015

CSC in US$300m Australian services slurp

CSC is going shopping in Australia, dangling a cheque for AU$428m (US$305m, £200m) to the shareholders of services company UXC. UXC is a group of enterprise services companies that has grown by acquisition. Component companies offer services such as application integration, delivery and operation of enterprise infrastructure …
Simon Sharwood, 07 Oct 2015

Safe harbour ruling: RELAX, Facebook and Google will be FINE!

The European Court of Justice’s decision to rule the EU-US safe harbour agreement invalid is causing panic among some companies dependent on keeping data flows going ... but Google and Facebook are probably prepared for it. Much to the satisfaction of those who have long condemned US data collection policies, the landmark …
Jennifer Baker, 06 Oct 2015
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Acer: We're not laying off staff, just shifting 'em out of the PC biz

Acer is not reacting to the downturn in PC spending by cutting heads – not yet anyway – but it is planning a restructure. The company confirmed it is in the process of transferring people to the Bring Your Own Cloud wing, which develops a suite of apps for consumers. The revamp will be felt only in Taiwan at this stage. In …
Paul Kunert, 30 Sep 2015

Relax Schrems, EU-US Safe Harbour ruling coming soon

Next Tuesday, Europe’s top court will decide whether the much-discussed and sometimes controversial EU-US data sharing deal provides enough privacy protection for citizens. Less than two weeks after the opinion of the European Court of Justice's Advocate General (AG), Yves Bot, became public, the body will rule on the Max …
Jennifer Baker, 30 Sep 2015
Toshiba MQ03ABB300

Is Toshiba mulling asset sales? HDD, TV businesses in the frame

Comment Toshiba is in trouble and could be about to exit the PC and disk drive businesses. The company is still suffering badly from a massive accounting scam, which overstated profits for seven years, and it has just reported a lousy quarter with losses of $91m. Masashi Muromachi became Toshiba’s new president (chief executive) in …
Chris Mellor, 14 Sep 2015
channel_teaser_exit

Danwood CEO Francis exits stage left

The CEO brought in by Danwood’s backers to extinguish the financial flames that resulted from half a decade of systemic mismanagement and dodgy bookkeeping practises, has exited. Steve Francis, the self-proclaimed serial turnaround expert has left the building in far better shape than he found it in October 2012 when the print …
Paul Kunert, 01 Sep 2015
£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

Lenovo exec: Yes we can get IBM's server biz out of the crapper

Interview Lenovo Europe president Eric Cador is banking on a major overhaul of its enterprise supply chain – among other things – to help the x86 business it acquired from IBM “recover” lost ground. In the UK alone, IBM’s revenue share slumped to $31m by Q4 ’14 from $61m in the prior year’s quarter, caused by the uncertainty surrounding …
Paul Kunert, 24 Aug 2015

Larry Page was held back by Google execs from flooding world with new dot-word domains

Google's new mom, Alphabet, has sent the domain name world into a frenzy following its decision to set up home at the online address abc.xyz. But behind the decision lies a deeper truth: Larry Page, as Google CEO, wanted his search giant to go big on new dot-word domain names – like .book or .computer – but was stymied by …
Kieren McCarthy, 13 Aug 2015
depressed_648

Lenovo CEO: We will axe 3,200 workers as our profits shrink to nowt

There’s no room for sentiment or emotion in business, as Lenovo showed today when it reported an 80 per cent crash in pre-tax profits and plans to axe 3,200 jobs across the group. Revenues for the three months ended 30 June grew three per cent, excluding the impact of for-ex conversions to $10.7bn – but the firm saw a 47 per …
Paul Kunert, 13 Aug 2015
Toshiba

Toshiba CEO and execs quit over $1.2bn six-year accounting scandal

Toshiba CEO Hisao Tanaka and seven other bigwigs have quit after a probe concluded profit figures had been inflated beyond their real values. The Japanese electronics giant said in a brief statement [PDF] today that $1.2bn (£770m, 151.8bn yen) was incorrectly added to Toshiba's income-before-tax figures in the 2008 to 2014 …
Shaun Nichols, 21 Jul 2015
HP building at 648

HP: We aren't going to ship any products early next month

Hewlett-Packard will not ship any products during the first week of August as the organisation splits into two operational entities. The tech biz doesn’t legally separate until its new financial year from 1 November, but will function as two standalone firms from next month – PC and print in one, and everything else in the …
Paul Kunert, 09 Jul 2015
james_rigby_md_sch

SCC: Look at our bulging figure(s). We're fatter than some MSPs

Classic product reselling at privately-owned Midland tech dynasty SCC’s UK biz has crashed by a fifth but the company execs are still smiling. Why? The shift to services is paying off. Revenues generated in Britain for fiscal ’15, ended 31 March, dropped 13.3 per cent on fiscal '14 to £662m – including a full-year’s contribution …
Paul Kunert, 25 Jun 2015

Told ya! Coms flogs telco arm to Timico in £2.5m deal

Hard-pressed B2B communications provider Coms Plc confirmed this morning it is to offload the telco arm to Timico for an initial cash splurge of £2.5m. As exclusively revealed by us late last month, the London-listed business hired Knight Corporate Finance to manage a fire sale of the division following a failed restructuring …
Paul Kunert, 26 May 2015
Cash on scales. Pic: Images Money, Flickr

HP looks set to ditch 3Com-spawn H3C Tech

H3C, a networking business that started life as a joint venture between 3Com and Huawei but is now owned by HP, is to become a majority-owned subsidiary of the state-controlled Tsinghua Unigroup. A remnant of what was once a titan of the networking business, H3C Tech was created in 2003. It was originally a badge-engineering …
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Extreme Networks restructures again, promises SDN pivot

The indifferent revenue growth and ongoing losses announced earlier this month are having the usual effect on vendor Extreme Networks: it's announced a restructure. On May 6 the sixth CEO to pass through Extreme's C-level rotating door in nine years, Ed Meyercord, called the latest quarter's results “disappointing”, a pretty …
Ouya

Android gaming platform Ouya is down to its last life

The low-cost Android gaming startup Ouya is on the brink of collapse and wants a buyer, fast. According to Fortune, the company tripped a debt covenant and hopes for expressions of interest by the end of April. Originally kick-started to the tune of US$8.6 million, the company caused buzz with its play-your-Android-games-on-TV …

Citrix – Sorry, we didn't realise job cuts would knacker results

Citrix dropped the ball in Q1 by underestimating the short-term effects of chopping hundreds of staffers as part of a company-wide restructure, and the challenge posed by the swollen dollar. The firm previously warned shareholders and Wall Street analysts a fortnight ago that sales and earnings per share would come in lower than …
Paul Kunert, 23 Apr 2015
management cio1

IBM: We've got the shiny new kit. Now we need to polish the sales teams

IBM has finally gone public with some details of the company-wide restructure it initiated months ago to help stop the rot. As exclusively revealed in January, Big Blue struck off the old world silos of hardware, software and services, instead opting to go to market with units including Systems, GTS, Commerce, Security and …
Paul Kunert, 21 Apr 2015

Veritas fills another seat on EMEA exec jet

Veritas has inserted industry veteran Gareth Hansford into the top boss slot for EMEA channels, as the organisation continues to disentangle itself from Symantec. This is a return to vendor land for Hansford, who worked at distie Azlan for 20 months before he left in February amid a restructure. Prior to that he held senior …
Paul Kunert, 17 Apr 2015

Hey, you wanna help run the internet? This power restructure is for YOU

Infogasm The organization that oversees the top level of the internet, ICANN, will be restructured into a true membership-controlled organization under plans drafted this week. That's important because ICANN, right now, has the keys to the web, and the more that can be done to hold it to account, the better. A blueprint for that process …
Kieren McCarthy, 15 Apr 2015
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Micro Focus guillotine will fall more frequently on Novell necks

Novell seems to be bearing the brunt of the mammoth restructuring that parent company Micro Focus is currently executing, say our sources close to the situation. This week, Micro Focus issued a profit warning based on the strengthening dollar and went public on a review of the group – trading brands include The Attachmate Group …
Paul Kunert, 10 Apr 2015
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock

IBM staffers climb over each other in race for redundancy payout

IBMers working in the Systems Middleware (SM) division are falling over themselves to volunteer for redundancy, with the programme heavily oversubscribed. Some 110 people want to leave the company with a big fat cheque, which is way more than the ten per cent of the division’s 736-strong workforce that IBM had in mind. The …
Paul Kunert, 13 Mar 2015
Sorry we're closed

Systemax CEO closes 31 retail stores in US as losses widen

Systemax has finally shuttered the majority of its consumer tech stores in North America after once again enduring weak holiday season sales and reporting yet another year of losses. The New York-listed reseller grew consolidated sales 4.4 per cent to $912.9m but it was the B2B side of the house and not retail that contributed …
Paul Kunert, 11 Mar 2015

Danwood CEO: No more M&A disco watching for us

Danwood no longer wants to be the loner at the edge of the M&A dance floor as romance blossoms between local rivals, especially now its finances suggest it isn’t destined for the scrapheap. The document services specialist was unable to get in on the action during an extensive round consolidation that saw SCC, Xeretec and …
Paul Kunert, 05 Mar 2015

Ingram Micro: Damn you Europe for our ghastly margins

Weaker margins in Europe due to forex losses and cut-throat retail pricing was the only major blip in an otherwise decent end to the calendar 2014 for Ingram Micro. It was not a vintage year though. Sales in Q4 bounced 18 per cent to $13.95bn: Technology and Other Solutions grew ten per cent to $11.2bn and Mobility shot up 60 …
Paul Kunert, 27 Feb 2015

Azlan UK boss made 'redundant' amid restructure

Tech Data (TD) UK has restructured its Azlan enterprise tech business unit, taking out the top dog Gareth Hansford in a cost cutting shimmy. The industry veteran left this month, the start of the distie’s new fiscal year, and the decision to make him redundant came after analysis of the books. Hansford confirmed to The Channel …
Paul Kunert, 25 Feb 2015