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Vendor News

Japan's SoftBank Buys ARM

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Japan's SoftBank Buys ARM

SoftBank buys British chip designer ARM for £24.3 billion in cash-- an acquisition the Japanese telecommunications group hopes will turn it into a mobile industry leader.

The acquisition of the Cambridge-based ARM is the largest of a European technology business so far, and comes just a week after the UK voted to leave the EU. ARM is actually fairly well insulated against Brexit, being a global smartphone chip leader with earnings made in US dollar.

"This is one of the most important acquisitions we have ever made, and I expect ARM to be a key pillar of SoftBank's growth strategy going forward," SoftBank founder Masayashi Son says. The deal is the first since Son rescinded his retirement plans, pushing out heir apparent Nikesh Arora, a former Google exec.

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Toshiba Details European PC Plans

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Toshiba Details European PC Plans

Toshiba unveils its European PC plans for next financial year, with hopes for double-digit growth across key verticals through a "more focused" distribution strategy.

“For us, last year was about refocusing and ensuring we put ourselves in the best possible position to thrive in a competitive sector. We focused on laying the foundations for a structure that gives us the freedom to forge deeper and even more effective relationships with our partners and end-users," the company says. "This was crucial in informing the direction we take our range of dedicated business devices and future solutions, as we take the unique step of assuming complete control of the design and manufacturing process.”

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Wick Hill and Zycko Become Nuvias Group

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Wick Hill and Zycko Become Nuvias Group

Rigby Private Equity (RPE) creates the Nuvias Group, a holding company for a pan-EMEA high-value distributor formed by Wick Hill and Zycko.

Nuvias insists there will be no changes for vendors and resellers dealing with the two companies, with both continuing operations from their current sites, with existing staff, and headed by their respective heads.

However RPE adds the future will see more acquisitions of value-add specialist distributors, as well as the addition of more countries, services provided, and new vendor and reseller partners. The Nuvias portfolio currently consists of networking, infrastructure, security, communications, storage, continuity, recovery, access, performance, monitoring and management.

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Avast Buys More Security with AVG

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Avast Buys More Security with AVG

Antivirus software vendor Avast acquires more security through Czech Republic-based security developer AVG in a deal worth around $1.3 billion.

The deal creates an entity with a network of over 400 million endpoints (160 million of which are mobile), all acting as "de facto sensors" to further broaden the Avast malware intel library.

As the company puts it, the reason behind the purchase is to "gain scale, technological depth and geographical depth." As such, Avast plans to pursue business beyond PC antivirus software to more advanced offerings, such as security for Internet of Things (IoT) devices.

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Nortek Sell-Out May Face Lawsuits

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Nortek Sell-Out May Face Lawsuits

Nortek, the diversified industrial company that holds 9 of our industry's brands in its Audio, Video & Control group, will sell the entire company to a British turn-around specialist for $2.6 billion...or maybe not...

Nortek's Audio, Video & Control brands include ELAN, Furman, Gefen, Niles, Panamax, Xantech, Speakercraft, Proficient and Sunfire.

Another division, Ergonomic & Productivity Solutions, also includes brands in our channels, Ergotron, Anthro and OmniMount. (Which always raises the question for AV: "What, we aren't ergonomic or productive enough for those brands to join us in AV Control?")

These brands-- and all of Nortek-- are signed away in $2.8 billion deal with Melrose Plc in the UK.

Don't fall for the headlines about "a merger" because the merger is only the temporary financial vehicle that maximizes the British investment and probably reduces US federal corporate tax (Thank you, Nevada tax laws). In this deal, Nortek would end up as a wholly-owned subsidiary of Melrose PLC, a public company enjoying the publicity of one of the first post-Brexit acquisitions.

 

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HPE Wins $3bn in Damages from Oracle

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HPE Wins $3bn in Damages from Oracle

The San Jose, California court decides in favour of HPE as it declares Oracle should cough up $3 billion in damages over a 2011 breach of contract.

The fight involves the Oracle decision to quit database software development for Intel Itanium processors. The company then known as HP used Itanium processors in a number of servers, and as such accused Oracle of trying to force customers to migrate to SPARC/Solaris systems-- an Oracle-owned server line via the acquisition of Sun Microsystems.

The courts had already decided against Oracle in 2012, when judge James Kleinberg ruled a contract forced Oracle to continue supporting Itanium as long as HP used the processors. In turn Oracle denied any wrongdoing and launched (and lost) an appeal. Now it is ready to appeal yet again.

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Crestron Opens French Experience Centre

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Crestron Opens French Experience Centre

Crestron expands its European presence with a first Experience Centre in France, specifically in Nanterre, Paris, the fifth such centre opened worldwide.

The company already has a UK Experience Centre in Cobham, as well as 3 US centres located in California, Texas and New Jersey. The centres showcase the latest Crestron technology in an immersive environments, allowing dealers to demonstrate company solutions to prospective customers.

Solutions on show include the DigitalMedia A/V distribution system, the IP-based .AV Framework, Pyng home automation technology, Fusion enterprise management software, the PinPoint indoor navigation system and a variety of touchscreens and handheld remotes.

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