Articles about Restructure

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

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
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Fujitsu restructure shunts Brit boss Tait into top EMEIA role

Fujitsu has thrust UK veep Duncan Tait into the top role in EMEIA amid a global re-org that has led to nine high level resignations. The International Business (IB) organisation will be dissolved from 1 April and existing sales and service delivery functions will be folded into the new regional structure. The group will be …
Paul Kunert, 13 Mar 2014
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 …
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Phoenix restructure sends profits down in flames

Phoenix IT Group saw its wings decisively clipped over the last year, as a wide-ranging restructure battered profits and helped knock sales off-course in an already tough market. The services group insisted it was confident it will see revenue growth over the current year, but remained “cautious” about its likely performance in …
Joe Fay, 28 May 2012
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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
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 …

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

Juniper okays Elliott Management's board nominees

Juniper Networks and activist investor Elliott Management are fluttering the “peace in our time” paper, with the network ironmonger agreeing to appoint two new Elliot-approved directors to its board. The deal will hopefully give the company some respite from a year of corporate turbulence that saw the appointment and axing of a …
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 …

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
CSIRO's giant titanium bugs

CSIRO carves out another 75 jobs

The CSIRO has had to announce yet more staff cuts after one of its divisions failed to meet an external funding target. According to the CSIRO Staff Association, the digital productivity flagship is one of the agency's targets for the cuts, along with researchers in agriculture and advanced manufacturing. The latter is the home …
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Morse sees profits return after restructure

Morse predicted a continuing "very challenging trading environement" as it unveiled a turnaround in profits in its first quarter this morning. The IT services group turned in total revenues of £47.1m for the quarter ending September 30, compared to £55.8m last year. But operating profit was £1.9m, compared to a loss of £500,000 …
Joe Fay, 15 Oct 2009
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HP pencils in radical restructure

HP is considering restructuring its business to more closely ally printers and PCs. The move sounds very like what Carly Fiorina did in 2005. Although then it was the printer unit which was seen as the stronger partner. At the time there was much talk that HP might split itself into at least three divisions, or even separate …
John Oates, 30 Sep 2009
Allows signals to reack those difficult places

Post-modem Ericsson wobbles thanks to flat sales and falling profits

Ericsson's flat sales last year were the result of its disappointing fourth quarter, especially in America, its latest financial results show. The Swedish company is still the biggest supplier of mobile network infrastructure in the world, and in the fourth quarter it saw strong sales growth in the Middle East, Asia and Europe …
Simon Rockman, 27 Jan 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
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Google 'in talks' to buy THAT group, y'know, the one formerly known as ISIS

Google may be looking to buy struggling mobile payments firm Softcard, industry scuttlebutt suggests. The Chocolate Factory is reported to have been snooping around Softcard with an eye to acquiring it for an undisclosed sum of cash that may be less than $100m. Readers may remember Softcard as the mobile payments company …
Neil McAllister, 17 Jan 2015
Satya Nadella

Get ready for LAYOFFS: Nadella's coma-inducing memo, with subtitles

Microsoft CEO Satya Nadella has sent a six-page memo to the world warning of a company restructure at the end of the month. The open letter uses buzzwords and cliches to sugar-coat the news that he will tear up the Windows giant's approach to flogging devices and services. Instead, the biz will focus on building "productivity" …
Shaun Nichols, 10 Jul 2014
RadioShack

Spavined RadioShack to file for bankruptcy next month – report

Ailing electronics retailer RadioShack is teetering ever closer to insolvency, reports claim, with a potential bankruptcy filing to come as soon as next month. Although RadioShack has not said that it plans to file for bankruptcy, the Wall Street Journal reports that Salus Capital Partners has already offered it $500m in …
Neil McAllister, 16 Jan 2015
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Acer restructure continues as another honcho heads out

Restructuring at Acer continues with another high level director exiting the business in the wake of its inventory woes and declining sales. The firm parted with CEO Gianfranco Lanci in March and then began initiating an operational re-jig during the summer, creating three divisions: consumer, professional and Touch. Among the …
Paul Kunert, 15 Sep 2011
Broke - empty pockets

Bankrupt RadioShack to close up to 2,900 stores, share others with Sprint

RadioShack filed for bankruptcy protection on Thursday, in a long-expected move that will result in the struggling electronics retailer closing around half of its stores in the US and Canada. The firm is seeking protection under Chapter 11 of US bankruptcy law, which will allow it to continue operations as it attempts to …
Neil McAllister, 06 Feb 2015
IBM CEO Ginni Rometty

IBM to open up on global re-org TONIGHT - sources

Execs at IBM are expected to go open kimono tonight about the company-wide re-organisation dreamt up by harassed CEO Ginni Rometty, according to company insiders and channel partners. Just as some of us in Blighty will be getting ready for bed or – god forbid – watching Celebrity Big Brother, Armonk-based IBM will be lifting the …
Paul Kunert, 20 Jan 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
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Ex-IBM CEO John Akers dies at 79

Obituary Former IBM CEO John Akers has died in Boston aged 79. Big Blue announced Akers' passing here, due to a stroke according to Bloomberg. After a stint as a US Navy pilot, the IBM obit states, Akers joined the company in 1960. His 33-year stint with IBM culminated in his appointment as its sixth CEO in 1985, following three years …

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

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

Insight cloud guru snubs global job, walks over to Brit upstart

Ash Patel, the man who helped Insight Enterprises shape and lead its cloud strategy in Europe, has not only turned down a global services role at the firm but is now hot-footing it to rival Microsoft house Cobweb Solutions. Patel led UK cloud biz development from 2011 and was made EMEA head of the fluffy white stuff two years …
Paul Kunert, 04 Feb 2015
IBM CEO Ginni Rometty

IBM ushers in BIGGEST EVER re-org for the cloud era, say insiders

IBM CEO Ginni Rometty is instigating the biggest global re-org in the history of the corporation in a bid to carve out a clearer future in a cloudy world. Multiple sources told us senior managers were this week informed about the changes that will see IBM try to shed the dusty hardware, software and services silo structure. The …
Paul Kunert, 09 Jan 2015

Fujitsu boss: UK's 2015 elections won't make any difference to us

Interview The UK government is unlikely to make any drastic changes to its IT acquisition strategy no matter who scrambles into Number 10 next May, the European boss of public sector IT giant Fujitsu predicts. Yet the Japanese-owned firm is still striving to ramp up its private sector business as part of its worldwide restructure put in …
Joe Fay, 10 Dec 2014
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US stakes out 'net battleground ahead of ITU meeting

America is once again steeling itself to defend the Internet from the gasp of the ITU. A White House blog post by State Department officials Daniel Sepulveda, Christopher Painter and Scott Busby says the US still believes there are countries and groups that hope to use ITU mandates over the Internet as a means to impose local …
Electronic waste dump in China

Meru Networks ready to DECIMATE its workforce

Meru Networks has retained financial advisor Deutsche Bank to review future options for the business, as it confirmed its intention to erase “more than” 10 per cent of the global workforce amid falling sales and profits. The NASDAQ-listed WLAN maker revealed last night that according to preliminary estimates for Q4, revenues …
Paul Kunert, 07 Jan 2015
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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
IBM CEO Ginni Rometty

Tough at the top: IBM CEO Ginni Rometty troughs $10 MEELLION+

It may not be the best time to be one of the great unwashed at IBM but it certainly pays to be on the exec team, particularly if your name is Virginia Rometty. At a time when Big Blue is cutting its cloth according to the new era of cloud, mobility, social, analytics and security by chopping thousands of job, the CEO got a …
Paul Kunert, 02 Feb 2015

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

Microsoft to extend D-day for incentive reforms, say partners

The word on the street is that a backlash from Microsoft's top tier enterprise partners has forced its incentive architects to revisit pending compensation reforms a month before they are due to be implemented. As revealed by El Chan in mid-summer, Redmond has again decided, not long after the last restructure in autumn 2011, to …
Paul Kunert, 04 Sep 2013
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Acer slips Wang Andresen into senior Euro slot

Weeks after Acer waved goodbye to EMEA chief Luca Rossi, it has handed some control of the region’s ops to UK chief Marco Grieco Wang Andresen, who has in turn been succeeded by Gavin Parrish. As revealed by The Channel, Rossi left Acer on the eve of Christmas Eve after less than six months on the job, with little explanation …
Paul Kunert, 14 Jan 2015
Gone fishing

HP goes fishing for a UK storage boss, hooks HDS sales director

Updated HP has raided Hitachi Data Systems UK and snapped up director Nick Venables to run its local storage division, following a recent shake-up of the team. Warren Duke, the former head of storage at HP, was made channel boss of the business unit at the start of this month, among numerous other changes within the Enterprise Group. …
Paul Kunert, 15 Nov 2013
Lufthansa plane

Lufthansa tosses IT biz to Big Blue, inks outsource deal with IBM

Lufthansa has announced that it’s about to sell off its IT infrastructure division to IBM and rent IT services from Big Blue in an outsourcing partnership. The German airline has been restructuring itself in an effort to cut costs and said earlier this year that it was looking for a buyer for its IT biz so it could better …

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
Fujitsu LifeBook P8020

Fujitsu fills top seat at UK and Ireland biz

Fujitsu’s technology products group lead Michael Keegan is moving up in the world, taking over as head of the UK and Ireland from Duncan Tait. The company said in March that UK veep Tait was being given the top role in EMEIA as it shuffled its global hierarchy in a reorganisation that led to the resignations of nine senior execs …
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Security: Sweet brief for rare man Roche, new boss of Fujitsu TS

Fujitsu company veteran Tom Roche has grabbed the chieftain's chair at the Technology Solutions unit with a specific brief to boost security sales. The post became vacant last month when former boss Michael Keegan was made overlord of UK ops for Fujitsu, replacing Duncan Tait who was lifted to the head of the EMEIA organisation …
Paul Kunert, 18 Jun 2014
A sapphire gemstone

Sapphire glass maker's woes caused by Apple relationship 'breakdown'

Analysts have suggested the collapse of sapphire glass manufacturer GT Advanced Technologies may have been caused by a "breakdown" in relations with Apple. The iThing giant appeared to be determined to use the scratch-resistant wonder material in its new iPhones and the Apple Watch, but those plans were thrown into doubt on …
Jasper Hamill, 08 Oct 2014

Turnbull says big telcos should subsidise bush comms

It looks like the federal government is getting its feet in a tangle, trying to reconcile the public good of the National Broadband Network with free-market doctrine. Communications minister Malcolm Turnbull has floated his ideas of how to create a transparent mechanism to subsidise rural telecommunications, and it seems to …
RadioShack

As bankruptcy looms for RadioShack, we ask its chief financial officer... oh. He's quit

The chief financial officer of struggling US electronics retailer RadioShack has resigned – as the company faces a fiscal crisis from which it has warned it may not be able to recover. John Feray, who had served as RadioShack's CFO for nine months, stepped down on September 12, a new filing with the Securities and Exchange …
Neil McAllister, 15 Sep 2014

Ingram Micro veteran returns to... Ingram Micro

Distribution veteran Bhavesh Patel has re-joined Ingram Micro (IM) as exec director of global business development for the Mobility side of the house. Patel took leave from the broadline tech distie in spring 2009 to hook up with his former IM UK boss Meine Oldersma at comms wholesaler 2020 Mobile Group. But 2020 was acquired …
Paul Kunert, 04 Mar 2014

Symantec scratches head over balance sheet, calls in JPMorgan

Reports say Symantec, struggling to reverse a revenue slowdown, has called in JPMorgan Chase & Co. to look at its options and help fend off activist shareholders. Symantec is a $6.7bn/year revenue company that is struggling to lift its earnings. The last quarterly report made that abundantly clear. It fired its CEO Steve …
Chris Mellor, 07 Apr 2014

Insight Enterprises grits teeth as cloudy payoff remains elusive

A biting currency headwind and Microsoft licensing fee changes slapped Insight Enterprises’ respective top and bottom lines in calendar Q4 as it waited for services investments to pay dividends. The global reseller last night reported revenues of $1.45bn for the quarter, up four per cent year-on-year – but it could have been …
Paul Kunert, 12 Feb 2015
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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
Windows XP boot screen

The XP factor gives MEGA-DISTIE Ingram Q2 sales a boost

The tills rang often for massive global distie Ingram Micro during its second calendar quarter, helped by frenzied PC refresh activity, but squeezing out better long term profits remains a work in progress. The globe's largest distie reported a revenue hike of $600m year-on-year to $10.9bn. Despite a near six per cent leap in …
Paul Kunert, 25 Jul 2014

Azzurri exec set have a brand new CEO: Former BT bigster Chris Jagusz

Ailing integrator Azzurri Communications has charged former SSE Telecoms boss Chris Jagusz with revving up the stalling motor when he returns well oiled from a, er, "summer break". The start date for Jagusz was not specified by his new employer but he will take over from chairman Steve Andrews who is to become interim CEO from 8 …
Paul Kunert, 29 May 2014