WHO’S SWITCHING JOBS April 26, 2012 Avoca Capital The European credit investment manager has appointed Stephen Holland as director of sales and marketing. Holland will spearhead Avoca’s growth in North America. Most recently he was business development manager for Abbey Capital, a Dublin-based hedge fund. He has also served as head of sales for Bank of Ireland Asset Management. BlackRock The [...]
Autonomy boss in spat with US rival September 29, 2011 MIKE Lynch, chief executive of soon-to-be-sold Autonomy, has been drawn into a bitter war of words with rival technology boss Larry Ellison. The Oracle chief accused Lynch of having a “very poor memory or lying” about a personal visit he allegedly made to Oracle’s headquarters to try to pitch Autonomy as a takeover target. Lynch [...]
BILL OF THE WEEK August 21, 2011 ENTRY to the One For One nightclub on Park Lane is by invitation only, so what goes on tour in the darkened corners of the Mayfair den usually stays on tour. Except, owing to the fondness of its jetset members for spending large amounts of money on top-end champagne, reports of high-rolling activity occasionally filter [...]
Why Steve Jobs owes thanks to Ada Lovelace October 9, 2011 The technology world continues to mourn the passing of its iconic leader. Sadness over Steve Jobs’ death has seeped into the mainstream, like a virus, with ordinary people, who don’t know their C from their C++ and probably never played Dungeons & Dragons, leaving £400 iPads outside Apple Stores as a mark of respect. If [...]
Autonomy beats forecasts as it plans to spin off its Aurasma unit July 27, 2011 AUTONOMY beat market forecasts yesterday to deliver a 16 per cent jump in quarterly sales, sending its shares up more than four per cent. Its pre-tax profits hit £125m, ahead of a consensus target of £117m. A strong performance in its high-margin cloud computing arm was the main driver, with revenues rising 37 per cent [...]
Autonomy beats forecasts as it plans to spin off its Aurasma unit July 27, 2011 AUTONOMY beat market forecasts yesterday to deliver a 16 per cent jump in quarterly sales, sending its shares up more than four per cent. Its pre-tax profits hit £125m, ahead of a consensus target of £117m. A strong performance in its high-margin cloud computing arm was the main driver, with revenues rising 37 per cent [...]
HP to pay £6bn for Autonomy August 18, 2011 HEWLETT-PACKARD is buying the UK’s most valuable software company Autonomy for $10.2bn (£6.2bn), in the latest takeover of a major British company by an American firm. The deal was announced last night as HP unveiled its third quarter earnings and is part of a massive shake-up at the US computing giant, which is also exploring [...]
Success of Autonomy is all too rare August 22, 2011 AS success stories go, the tale of Autonomy has everything. Its chief executive, Dr Mike Lynch, began work on the mathematical formulas that underpin the firm’s software in the early 1990s, when he was completing a postdoctoral thesis at Cambridge University. In 1996, he founded Autonomy as a tiny startup, and spent the next four [...]
CITY MOVES | WHO’S SWITCHING JOBS January 23, 2012 Avoca Capital Avoca Capital, the European credit investment manager with €6bn assets under management, has strengthened its sales and marketing capabilities by appointing Rachel Black as head of capital raising for the credit hedge fund team, based in the London office. Black joins from Concerto Asset Management, where she was head of marketing and business [...]
ARM boss Warren East plans to take over the world – one chip at a time October 25, 2011 Afew years ago a friend of mine tipped a little-known chip designer called ARM Holdings. He said it was going to be the next big thing. A year later, after its shares had shot up, he cursed his luck for not taking his own advice. But he prudently decided not to invest while it was [...]