Articles about Techmarketview

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Embiggening AWS doubles its UK sales to £254m

Cloud slinging (and tax avoiding) Amazon Web Services nearly doubled its revenue in the UK last year, pulling in £254m. According to analyst TechMarketView's annual Software, IT & Business Process Services (SITS) report, the cloudy biz pushed up sales locally by 45 per cent, a foothold that will likely increase once AWS sets …
Kat Hall, 01 Jul 2016
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Brexit, schmexit: BT and Oracle join hands for a cloudy tryst

BT has hopped into bed with Oracle in a deal that promises to provide the underlying network connectivity for Oracle’s hybrid cloud. BT Cloud Connect for OracleFastConnect is built on BT’s IP Connect virtual private network (VPN) and will link customers' on-premises IT to Oracle data centres in London or Amsterdam. The deal …
Kat Hall, 29 Jun 2016

UK.gov will scrutinise all its Atos contracts following IT cock-up

The government is to cast a critical eye over all its contracts with Atos – worth £696m per year – after MPs urged the Cabinet Office to review its relationship with the outsourcer following an IT failure last year. A report by the Public Accounts Committee in December singled out Atos as having failed to show "an appropriate …
Kat Hall, 07 Mar 2016
Churchill on the roof of the Evening Standard building, 1938; Reference: Nemon Papers, NEMO 5/3; credit Churchill Archive

Serco stems its gigantic losses, shrinks 2015's to a mere £70m

Outsourcer Serco has stemmed the flow of its haemorrhaging profits, posting a loss of £69.4m in 2015, down from £991m last year. The outsourcer is currently in the middle of a major strategic turnaround. In a statement clearly channelling the spirit of his grandad, Winston Churchill, Serco chief exec Rupert Soames said: "Our …
Kat Hall, 25 Feb 2016

ARM pumps fist as profits soar, warns of weaker hand in 2016

Chip designer ARM once again posted bumper annual results, with profits up 31 per cent to £414.8m on revenue of £968m, up 22 per cent. During the year the company shifted 14.8 billion ARM-based chips, up 16 per cent on 2014. But the company warned that increased economic uncertainty during 2016 "may influence consumer and …
Kat Hall, 10 Feb 2016

Redcentric slurps bit barn biz City Lifeline for £4.8m

IT managed services provider Redcentric has snapped up East London-based bit barn operator City Lifeline for £4.8m. The data centre biz, nestled in the heart of the capital's Tech City alongside the likes of cornflake 'restaurant' Serial Killer, adds 28,0002 ft of space and 600 racks to Redcentric's portoflio. "This is a low …
Kat Hall, 29 Jan 2016

UK councils continue to run into the arms of Capita

IT service providers BT, IBM and Mouchel all took a double-digit hit on their share of the local government market over the last year as councils continue to run into the arms of Capita, according to research. Once again Capita reigned supreme as the primary supplier to councils, increasing its deals by 22 per cent to £658m, …
Kat Hall, 27 Jan 2016

Capita in line for tasty £139m deal across five councils

Outsourcing goliath Capita has been named first in line for a nine-year, £139m deal across five UK councils. The London-based professional services company has been named preferred bidder in a deal to provide the councils' revenues and benefits, customer services, human resources, IT, and procurement. If the contract goes …
Kat Hall, 13 Jan 2016

Millionaire staffers pop corks at Atlassian as Oz biz raises $462m

The champagne must have been flowing at Australian developer Atlassian last night as the company's shares soared by 32 per cent on its first day of public trading, reportedly instantly turning 100 staffers into millionaires. Shares of the Aussie software-as-a-service maker, which helps companies collaborate and manage their …
Kat Hall, 11 Dec 2015
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Capita holds out for Xchanging, extends offer for a second time

Outsourcing giant Capita has extended the window by two weeks for business processing outfit Xchanging's investors to accept its £412m offer for the outfit. The outsourcer had originally slapped 160 pence per share on the table to tempt investors by 30 November. However, two weeks ago rival CSC offered a 170-pence-per-share …
Kat Hall, 01 Dec 2015
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KCOM: We're selling our national network assets...

Tech-integrator-cum-comms-provider KCOM Group has slapped a for sale sign on its national network infrastructure (except in Hull and East Yorkhire) as management continues to reshape the organisation. KCOM has, like the rest of the tech world, placed its bets on the cloud, and is making less money from the traditional carrier …
Paul Kunert, 30 Nov 2015

Capita increases share of public sector revenue to measly £1.8bn

Capita slurped up £1.8bn in public sector spending last year, a 12 per cent increase on the previous year, according to research from analysts TechMarketView. Overall the top 20 suppliers of software and services to the public sector fared better than previous years, posting overall revenue of £10.7bn, an increase of three per …
Kat Hall, 26 Nov 2015
Skip full of rubbish outside an office building. Photo via SHUTTERSTOCK

Deutsche Bank to axe 'excessively complex' IT, slash 9,000 jobs

Deutsche Bank is re-engineering its "excessively complex" IT – including slashing the number of its operating systems from 45 down to four – as part of a sweeping strategic overhaul. Under its major rationalisation plans the bank will also pull out of 10 countries and cut 9,000 jobs globally. Part of that will also include …
Kat Hall, 30 Oct 2015
Watson Power7 cluster. Pic: IBM

IBM splashing $2bn on Weather Company – reports

Big Blue is reported to be further beefing up its Watson division by splashing $2bn (£1.3bn) snapping up the digital arm of the Weather Company, a US-based organisation that runs the Weather Channel and a digital company providing mobile apps. Both the Wall Street Journal and the Financial Times reported that people familiar …
Kat Hall, 28 Oct 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
HMRC photo, Gov.uk

HMRC signs up Bain for £10.7bn Aspire migration

HM Revenue and Customs (HMRC) has signed up global management biz Bain to migrate the department off its hefty £10.7bn Capgemini Aspire contract. Under the deal, Bain will receive £20m from HMRC in order to work out a two-year exit plan for the government's "largest ever" IT contract. Michael Larner, analyst at TechMarketView …
Kat Hall, 23 Oct 2015

Migraine in the mainframe: Unisys reports more losses

Mainframe maker Unisys posted yet more disappointing results for, recording a net loss of $9.6m (£6m) for its third quarter results. Revenue was $739m (£477m), down 16 per cent on last year. Anthony Miller, analyst at TechMarketView, noted the firm's hardware revenue halved and services revenues declined by 8 per cent. " …
Kat Hall, 22 Oct 2015
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Buyout-happy Accenture hits $30bn in sales – as profits slide 10 per cent

Acquisition-ravenous US outsourcer Accenture posted an increase in sales of five per cent to $30bn (£20bn) for financial year 2015, compared with the previous year. Meanwhile, net income dipped 10 per cent to $3.2bn (£2.1bn), following its spending spree over the last year. John O'Brien, an analyst at TechMarketView, …
Kat Hall, 25 Sep 2015
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CSC beefs up public sector biz with $390m merger deal

Soon-to-be split CSC is merging its government services biz with US public sector IT outfit SRA for $390m (£254m). The acquisition will add around $1.4bn (£911m) in revenue and 5,000 staff to CSC's public-sector outfit, creating combined annual sales of $5.5bn (£3.6bn) and a workforce of nearly 19,000 employees. Mike Lawrie, …
Kat Hall, 01 Sep 2015

Salesforce back in the red, reviews future black ink orders

After a brief interlude in the black, Salesforce is back in more familiar loss-making territory, according to the financials for its second financial quarter this year. The giant CRM provider posted total revenue of $1.63bn (£1bn) for the period, an increase of 24 per cent year-on-year. Operating profit remained above water …
Kat Hall, 21 Aug 2015
Cabinet Office sign. Pic: Sgt Tom Robinson RLC/Crown copyright

UK.gov issues internal 'ditch Oracle NOW' edict to end pricey addiction

Exclusive Whitehall bean counters have ordered government departments to find fresh ways to end their reliance on Oracle. The Cabinet Office is understood to have formally contacted central agencies within the last month and asked them to look for ways to “get rid of Oracle". No. 10 is believed to be concerned about the amount civil …
Gavin Clarke, 05 Aug 2015
Champagne Not Included

Capita cracks open the bubbly after 10 per cent sales jump

This year's huge Capita spending spree boosted the company's sales by 10 per cent to £2.28bn, according to the outsourcing giant's first-half results for 2015. During that period, the outsourcer splashed a total of £279m on 11 businesses, most recently snapping up Scottish business intel outfit Barrachd. Profits before tax …
Kat Hall, 29 Jul 2015

Unisys halts and catches fire: Mainframe builder dives into the red

Mainframe maker Unisys plunged into the red during its second quarter of 2015, posting losses of $58.2m (£37.6m). The losses quadrupled compared with its second quarter in 2014, when the biz dropped $12.1m over the three-month period. Overall revenues dropped five per cent to $765m (£494m). Nevertheless, chief exec Peter …
Kat Hall, 24 Jul 2015

Accenture still a little peckish as it snaps up digi biz Chaotic Moon

Outsourcing giant Accenture has snapped up digital biz Chaotic Moon for an undisclosed pile of cash. The Austin-based, 200-strong team apparently has digital design, prototyping, and development nous. The move is just the latest of a series of acquisitions designed to move the outsourcer out of the traditional managed …
Kat Hall, 23 Jul 2015

Lockheed Martin's bored with UK.gov IT and going back to fast jets

US defence giant Lockheed Martin is considering flogging off its under-performing government IT division. During an announcement about its second-quarter financial results the company said it will conduct a strategic review of the government IT infrastructure services business. The programmes to be reviewed represent …
Kat Hall, 22 Jul 2015
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Atos buys up Xerox ITO, splashing almost $1 billion in process

Atos has completed its acquisition of Xerox's outsourcing biz as the French firm gears up for an American invasion. The company snapped up Xerox ITO (Information Technology Outsourcing) for $966m (£618m), slightly less than the initial $1.05bn (£670m) agreement announced back in December. Thierry Breton, Atos chief exec, said …
Kat Hall, 02 Jul 2015
Poor people in India queue for a political party-sponsored medical check. Pic: Welfare Party of India

Tech Mahindra posts profit warning: The end for Indian outsourcing?

Indian outsourcer Tech Mahindra, which bought disgraced rival Satyam in 2012, has issued a profit warning — the first sign of trouble in the buoyant market for some time. In a regulatory filing to the Bombay Stock Exchange, it blamed a "seasonally weak" mobility business for dragging down first-quarter revenue, with shares …
Kat Hall, 29 Jun 2015
Stock market. Pic: Alberto Carrasco Casado

Sophos: We'll have a market cap of £1bn when we IPO

Brit security slinger Sophos’s listing on the London Stock Exchange went live today, giving the firm a market cap of around £1bn – a valuation that has caused a stir among analysts. The intent to float was confirmed weeks ago, with the Oxford-based firm expecting to raise cash to fund the next phase of biz development and rub …
Paul Kunert, 26 Jun 2015
IBM Headquarters, Armonk, NY

First Microsoft, now IBM: Box deals are coming thick and fast

IBM and Box are hopping into bed together, a move intended to satisfy their respective desires for cloud and scale. The companies intend to integrate their technology, including IBM content management, Watson analytics and IBM Verse and Connections social collaboration tools. The deal is the second big announcement for Box in …
Kat Hall, 24 Jun 2015
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Brace yourselves: Public cloud is coming. When? Er... soon, possibly

Spending on Platform-as-a-Service and Infrastructure-as-as-Service is rapidly increasing, but will still add up to less than 10 per cent of the overall infrastructure services market by 2018, research from analyst firm TechMarketView has concluded. Widespread uptake of the public cloud is not happening anytime soon, despite …
Kat Hall, 17 Jun 2015
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Revenue up 62 per cent, as Redcentric posts bumper post-buy results

Managed services biz Redcentric reported a significant increase in sales and profits for its full-year 2015 results, as the firm's acquisition strategy began to bear fruit. The Yorkshire outfit posted an increase in revenue of 62 per cent to £94.3m, compared with 2014. Profits rose to £8m from £1.8m for the same period. The …
Kat Hall, 15 Jun 2015
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

HMRC WLTM partner, GSOH, to help it escape the Aspire black hole

HMRC is seeking a £20m private sector partner to provide "strategic-level experience" to manage its exit from the £10.4bn Aspire mega IT deal currently underpinning Blighty's entire tax system. The tender issued this week said the partner will "help manage the exit from a large-scale outsourced arrangement that has been in place …
Kat Hall, 05 Jun 2015
Stock ticker board

Sophos looks to raise £65m with IPO

Security software outfit Sophos is to imminently float on the London Stock Exchange, a move it estimates will raise $100m (£65m), the company announced today. The Oxford-based biz is thought to be targeting a valuation of £1bn, according to The Sunday Times (subscription required). Richard Holway, analyst at TechMarketView …
Kat Hall, 03 Jun 2015
The exterior of Equinix  ME1

Equinix moves into Europe by slurping up Telecity

Data centre outfit Equinix is enlarging its presence in Europe by gobbling up UK-based Telecity for £2.3bn, with the deal adding a further 39 European data centres to the US-based company's existing empire of 100. Equinix chief executive Stephen Smith said the announcement was an "exciting day for the stakeholders of both …
Kat Hall, 29 May 2015
Railway line split. Pic: Ian Sane

Splitters! CSC to break itself into pieces following job cull

The break-up craze among the largest tech vendors may have reached the channel, with talk that CSC will separate its North America government unit from the rest of the private-sector sales organisation. The split could come as early as next week, according to Reuters, when the loss-making company takes the covers off its latest …
Paul Kunert, 15 May 2015

Sage boosts profit but that means NOTHING without the CLOUD

Sales rose 6.5 per cent to £699m during accounts-ware biz Sage's half-year results, despite the company's poor cloudy progress. Pre-tax profits increased 4.9 per cent to £173m, compared with the first half of its previous financial year. Stephen Kelly, chief executive officer, said the company is in the process of overhauling …
Kat Hall, 06 May 2015
Unisys sets LinuxWorld alight

Unisys looks to ‘streamline’ as losses increase, sales fall

Losses at mainframe maker Unisys plunged deeper into the red in the company's first quarter of 2015, falling a further $10 million (£6.6 million) to $27.4 million (£18.1 million). First-quarter 2015 sales fell 5 per cent to $721 million (£476 million), when compared with the previous year. The company hopes to makes savings of …
Kat Hall, 24 Apr 2015
£10 notes. Pic: Howard Lake

Value of European outsourcing deals plummets

The number of mega outsourcing deals shrank by 25 per cent in Europe for the first quarter of 2015, with just 128 contracts, valued at €1.9 billion (£1.4 billion), according to outsourcing analysts Information Services Group (ISG). David Howie, a partner at ISG, said the figures reflect a trend toward smaller deals, although " …
Kat Hall, 24 Apr 2015

French outsourcer Atos fattens revenues on UK public sector

French outsourcer Atos posted bumper profits int its first quarter, mainly buoyed by the UK public sector deals. Revenue rose 17.6 per cent to €2.4bn (£1.7bn), compared with the same quarter last year. The UK was the biggest market for the outsourcer, growing 15 per cent to €511m (£367m) compared with the same quarter last year …
Kat Hall, 22 Apr 2015

Redcentric swoops on Calyx Managed Services in £12m breakup deal

Managed services biz Redcentric has snapped up Calyx Managed Services (CMS) for £12m, as part of the company's break-up. Last week, Calyx's maintenance and carrier services divisions were offloaded to Daisy Group and Chess, respectively, for a total of £5.5m. The carve up follows the purchase of Calyx MS by MXC Capital, with …
Kat Hall, 02 Apr 2015

NCC bags security services outfit Accumuli for £55m

Managed security services outfit Accumuli has been snapped up by rival NCC for a sum of £55m. Both firms reported a strong increase in turnover last year, according to their Companies House filings. Accumuli's revenue rose 18 per cent to £16.6m in 2014. NCC Group recorded revenue of £110.7m, up 12 per cent. Pre-tax profit were …
Kat Hall, 24 Mar 2015
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Reseller SCC buys a slice of Fluidata

IT re-seller SCC has taken an undisclosed stake in London-based data connectivity outfit Fluidata, so as to further muscle into the infrastructure space. James Rigby, chief executive of SCC, said the investment will give the company access to the data telecoms market. "Fluidata positions SCC at the forefront of data centre …
Kat Hall, 23 Mar 2015
IBM Headquarters, Armonk, NY

Soz, HP. IBM has out-mega-dealed you – tech analyst

Having hoovered up a number of megadeals last year, IBM has left rival HP eating its dust in the infrastructure space, according to an analyst report. In December IBM announced a $1bn (£644m) deal with German airline Lufthansa, a win with global comms company WPP for $1.25bn (£800m), and said it had scored undisclosed deals …
Kat Hall, 26 Feb 2015

UK public sector biz keeps French giant Atos buoyant

Sales at French outsourcing giant Atos rose 5.1 per cent to €9.1bn (£5.9bn) for its full-year 2014, buoyed by UK public sector spend. Net income was €283m (£183m), up a respectable nine per cent from the previous year. However, the firm said when currency exchange was taken into account, sales dropped 1.1 per cent on last year …
Kat Hall, 19 Feb 2015
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Rackspace posts double-digit jump in sales and profits

Cloud purveyor Rackspace clocked up sales of $1.79bn (£1.16bn) for its full-year 2014, a 17 per cent increase on 2013, while net income rose 28 per cent to $110m (£73.1m). Fourth-quarter net income at the cloudy firm was particularly strong, increasing 80 per cent to $37m (£24m) on revenue up 16 per cent to $472m (£306m). But …
Kat Hall, 18 Feb 2015
Data centre

Vows exchanged as Telecity and Interxion prepare to wed

A merger between Telecity and Interxion made public on Wednesday will create a £600m-plus sales heavyweight in the European carrier-neutral data centre space, if it's agreed by shareholders that is. The duo confirmed a non-binding $2.2bn all-share pact: the proposed transaction is to be structured as an offer by London-listed …
Paul Kunert, 11 Feb 2015
Crop of doctor with pen and clipboard

Capita lands spot on mega £5bn NHS commissioning deal

Outsourcing giant Capita is one of three major companies to be awarded a place on the £5bn Lead Provider Framework for Commissioning Support Services. Clinical Commissioning Groups (CCGs) will be required to re-procure many of their support services by April 2016 in order to comply with EU procurement law, which NHS England …
Kat Hall, 09 Feb 2015

MPs in SHOCK discovery: G-Cloud yet to impact govt SME biz

Just 27 per cent of MPs believe the G-Cloud has enabled small and medium enterprises (SMEs) to more easily access the UK government's notoriously closed ICT market, according to a survey of MPs and peers. By contrast, peers were more encouraging, with 52 per cent believing the programme has improved SME access - although many …
Kat Hall, 10 Dec 2014
Oracle Termites

Government locked into £330m Oracle contract until 2016

The Home Office is locked into a £330m mega-contract with Oracle and Fujitsu until 2016 – despite recent moves to slash costs by shifting its ERP system into a shared services centre run by French mega-integrator Steria, according to a Freedom of Information response. The contract was signed in 2009 for an Oracle E-Business …
Kat Hall, 08 Dec 2014
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'Watson AI, cloud, mobile', says payments firm, trousering £49m

Mobile payments company Monitise has raised £49m via partners Telefonica, Santander and MasterCard to invest in global payments tech. The company said it will use IBM's cognitive computing engine, Watson, to support its "cloud-based mobile commerce" applications, which it intends to flog to businesses across the world. Monitise …
Kat Hall, 27 Nov 2014