Acquisition stories - Page 207

Hills has warned a $94 million write-down of goodwill and assets will see the company log a net loss of around $86 million for FY15.

Lenovo cuts 5% of its workforce and streamlines mobile division in the wake of slowing growth and increased competition.

CEOs continue to transform their organisations and are more concerned about product relevance, customer loyalty and keeping current with new tech.

CodeBlue is gearing up for accelerated growth in the Wellington market following its acquisition of Wellington IT services company XWL.

Qualcomm Atheros has acquired Ikanos Communications for an estimated $47 million, expanding their footprint in the carrier fixed line segment.

Accenture has acquired cyber security company FusionX to strengthen its security practice and help clients defend against cyber attacks.

Juniper Network’s New Zealand branch has seen its finances slump into the red, recording a $27,165 loss for the year ending 31 December 2014.

Dicker Data is looking to its future after completing an institutional placement to raise $40.24 million and a $10.5 million sell down by its founders.

Blue Coat acquires enterprise cloud data protection vendor Perspecsys to grab a share of the exploding cloud security market.

Ingram Micro has taken a financial hit for the second quarter of 2015, recording a net loss of US$34 million in its global financials.

Exclusive Networks New Zealand operations have reported total income of $2.2 million for financial 2014, posting a loss of $41,438 for the year.

iiNet shareholders have voted ‘overwhelmingly’ in favour of TPG’s takeover of the company, clearing another hurdle for the mega-merger.

2degrees has unveiled its first broadband plans, debuting two consumer plans, with business offerings to follow soon.

Westcon has recorded solid Q1 growth as it increases its cloud focus and gears up to launch its Comstor brand locally.

Slingshot snaps up 9,000-strong user base from Woosh, bolstering its position in NZ's competitive broadband landscape.

Jedox, a Business Intelligence and Corporate Performance Management software vendor, has acquired Naked Data, a key Jedox distributor in Australia.

Data#3 sees expected net profit after tax climb to $10 million-$11 million, up between 35% and 45% on last year's $7.5 million.

Microsoft has announced the general availability of Advanced Threat Analytics (ATA) and Azure Rights Management Support for Office for iPad.

The number of new cloud-based solutions will triple in the next four to five years, according to new predictions from IDC.

Data centre and colocation provider Digital Realty has acquired US data centre colocation and interconnection provider Telx in a $1.8 billion deal.