Netskope is expanding in the UK as channel sales in the country did a lot better than expected
In March, Netskope launched its Evolve Partner Programme with a new three-tier system, which is said “brought greater discounts and incentives for top partners as well as a global discounting structure and other incentives through its deal registration programme”.
The concisely titled NortonLifeLock’s plans to acquire Avast for £6 billion has been given approved by the UK government.
The plans for the merger were announced in August 2021, with NortonLifeLock claiming the deal will create an “industry leading” consumer cybersecurity business.
But the Competition and Markets Authority (CMA) was not so sure after noting competition concerns during an initial Phase 1 investigation.
Insight’s EMEA arm posted a net sales increase of two per cent for its second quarter despite a decline in its services sales.
EMEA net sales were $426.3 million for the quarter, which Insight said represented a 14 percent increase when excluding the effects of fluctuating currency rates.
Product sales for the region were up four percent to $368.4 million but services sales in EMEA fell by seven percent to $58 million.
Cloudy Iomart has acquired Concepta Captial in a bid to shore up its channel business.
The Scottish company acquired the entire issued share capital of Concepta, a holding company for a group including the ORIIUM and Pavilion IT brands.
It involves an initial £10.5 million down now and an extra £4 million later based on future performance.
Distie Exclusive Networks had a rather good second-quarter.
The channel outfit saw a 43 percent increase in gross sales, reaching more than €1 billion, with growth in major regions, including 43 percent in Europe, the Middle East and Africa (EMEA), 36 percent in Asia-Pacific (APAC) and 46 percent over the pond.
The UK and Germany coined it in as the enterprise market accelerated during the quarter.
There were signs that the momentum would continue with bookings growth above gross sales growth, and as a result of extending vendor relationships and acquisitions the serviceable addressable market had grew to more than €2 billion.
VMware’s former chief operating officer Sanjay Poonen has been headhunted by Cohesity as its new CEO and President.
Sanjay Poonen oversaw sales, marketing, services, and alliances in his most recent role at VMware, helping to double revenues from approximately $6 billion to $12 billion.
Poonen said that Cohesity sat at the intersection of three of the highest priority business issues today – cyber security, cloud, and data management.
KR9984 Milan, Italy – August 10, 2017: Capita
logo on the website homepage.
Capita is flogging off two more of its businesses for £60 million as it off-loads what it calls ‘non-core’ companies.
Gone are its Capita Real Estate and Infrastructure (‘REI’) and GL Hearn (‘GLH’) businesses.
For those who cant spot annoying acronyms REI provides specialist advisory, design, engineering, environmental and project management services for land, building and infrastructure owners.
Arrow Electronics has cut the ribbon on Arrow Smart Terms, which is available for those offering subscription, support and hardware.
The offering matches the deferred payment terms covering the period beyond standard terms for periods as long as five years.
The majority of Smart Terms support has gone around subscription and support so far, but hardware can be an option if required.
Oracle staff are furious that they did not predict that they would be victims of “widespread company layoffs”.
The database licence peddler has begun a raft of job cuts which is apparently part of an “organisational restructure”. The irony is that some of those told to vacate the building were only hired in the last six months and they are having no problem finding work because there is a skills shortage.
Most of those given the boot are workers in the US and Europe in areas like marketing for software applications that automate customer service and ecommerce functions.
Oracle had about 143,000 full-time employees, according to its most recent annual report.
Managed IT Services Group (MITSG) has promised that it will be buying up more companies following its acquisition of Everything Tech earlier this year.
MSP’s CFO, Mark Allen, said the company has an “aggressive expansion and growth plan”, with it having a “healthy pipeline of other deals that I’m looking for”.
The MSP got its paws on £10 million war chest from BOOST&Co to fund its buy-and-build strategy in February.
He felt that striking three to four deals would be a good target and is aiming to get another one across the line before the end of this year.
Cybersecurity outfit Check Point has more than doubled its rate of growth in a year.
The cybersecurity firm saw total revenues reach $571 million which was a nine percent increase year over year, while its GAAP operating income hit $209 million, representing 37 percent of revenues.
Part of the rise was down to product and licensing revenues, which saw a 12 percent increase year over year to $133 million.
Westcon-Comstor is shuffling its senior UK management team with the disties’ existing UK boss Anthony Byford is moving into a role as vice-president in a newly formed clouded collaboration business division.
This leaves a UK and Ireland managing director vacancy that is being filled by John Nolan.
He said: “I’ve witnessed major shifts in technology adoption and the impacts on the channel during my 17-year tenure at Westcon-Comstor. The single constant throughout this time has been the difference an experienced distributor like Westcon can make when helping partners navigate those market shifts while maintaining high service levels.
City Hall and Tower Bridge at Night, London
After it was believed that the cloud and data centres were the next big thing, London appears to be getting strangled by them.
Three West London boroughs have told building developers that they must limit their plans because there is not enough power in the grid. This might seem odd given the huge amounts of money power companies are charging people, one would expect they would have sunk a bit of cash into infrastructure.
Software King of the World, Microsoft, has given up on a policy that encouraged partners to move legacy subscriptions under its Cloud Solution Provider programme to the controversial “new commerce experience” by January.
Redmond announced an indefinite delay to the end date for legacy subscriptions moving to new commerce experience (NCE), crediting more migrations and giving partners more time to adopt the change.
British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer demand.
The Confederation of British Industry (CBI) said members reported above-average growth in the three months to the end of July – slightly faster than in the three months to June – but expect this to peter out in the months ahead.
CBI economist Alpesh Paleja said: “As firms and consumers continue to be buffeted by rising prices, private-sector activity has slowed to a near standstill.”
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