• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Virtualization.com

Virtualization.com

News and insights from the vibrant world of virtualization and cloud computing

  • News
  • Featured
  • Partnerships
  • People
  • Acquisitions
  • Guest Posts
  • Interviews
  • Videos
  • Funding

Phoenix Technologies

Phoenix Technologies Announces $13.05 Million Registered Direct Common Stock Offering

June 29, 2009 by Robin Wauters Leave a Comment

Phoenix Technologies has entered into definitive purchase agreements with selected new and existing institutional investors to sell 5,800,000 shares of its common stock, at a price of $2.25 per share in a registered direct offering. Federated Kaufmann Fund was the lead investor in the offering.

The per share purchase price represents an approximate 22 percent discount to the three day volume-weighted average price of Phoenix’s common stock. The company expects to receive gross proceeds from the offering of $13.05 million and net proceeds of approximately $12.0 million, after deducting placement agent’s fees and other offering expenses.Phoenix intends to use the net proceeds from this offering for general corporate purposes. The offering is expected to close on or about July 2, 2009, subject to customary closing conditions.

The shares of common stock are being offered by the company pursuant to its existing shelf registration statement, which as amended, was declared effective by the Securities and Exchange Commission on June 26, 2009. A prospectus supplement describing the terms of the offering will be filed with the Securities and Exchange Commission, which forms a part of the effective Registration Statement.

Needham & Company, LLC served as exclusive placement agent for the offering. The shares of common stock may be offered only by means of a prospectus.

Filed Under: News Tagged With: common stock, Phoenix, Phoenix Technologies, virtualisation, virtualization

Phoenix Advances The HyperSpace Experience to Include Instant-on Access to Photoshop.com

June 16, 2009 by Robin Wauters Leave a Comment

Phoenix Technologies today announced that customers will now have instant access to Photoshop.com, the popular Adobe online photo-editing and sharing destination, along with Adobe AIR, Adobe Flash Player and Adobe Reader, on the HyperSpace platform. Phoenix HyperSpace is an instant-on, always-connected, all-day computing environment for netbooks, smartbooks and laptops that simplifies and improves the mobile experience by enabling users to instantly launch applications that can run independently of Windows.

With HyperSpace, users can begin searching the Web, sending and receiving email, using other Web-based applications and working in important productivity applications within seconds of turning on their computer. With the addition of Photoshop.com to the HyperSpace computing environment, users can now access their photos at any time and organize, edit, store and share them in a more secure computing environment. HyperSpace also automatically connects your mobile computer to the best available network, while achieving new levels of uptime and security.

The HyperSpace platform provides a unique computing environment that PC designers, software developers and content providers can utilize to create always-available, instant-on applications that bring new convenience, connectivity, uptime and security to users. PC users will have access to a host of instant-on applications and content including multimedia applications, communications, Web 2.0 browsing, and more. Users will also enjoy the benefits of up to two hours of extra battery life on their HyperSpace-enabled laptops.

Filed Under: News Tagged With: adobe, HyperSpace, hyperspace platform, Phoenix, Phoenix HyperSpace, Phoenix Technologies, photoshop, photoshop.com, virtualisation, virtualization

Phoenix To Integrate HyperSpace into NEC Notebooks

July 15, 2008 by Robin Wauters Leave a Comment

Phoenix Technologies announced that NEC will be among the first PC manufacturers to integrate Phoenix HyperSpace, a virtualized operating environment that enables instant-on applications running independently and alongside Windows. NEC has signed an agreement with Phoenix which will allow it to deliver “unprecedented levels of security” for its notebook customers, enabled by HyperCore, Phoenix’s firmware-based hypervisor.

The Phoenix HyperSpace environment includes ManageSpace, which enables security applications to operate before, during and after Windows Vista boots up and shuts down. As a result, NEC notebooks will be secured before malware gets downloaded by Windows applications. This is possible because virus definition files are updated in ManageSpace while preventing Windows access to the network.

Filed Under: News, Partnerships Tagged With: HyperCore, HyperSpace, Hypervisor, ManageSpace, NEC, Phoenix, Phoenix HyperCore, Phoenix HyperSpace, Phoenix ManageSpace, Phoenix NEC, Phoenix Technologies, security, virtualisation, virtualization, windows

Phoenix Buys TouchStone

April 14, 2008 by Robin Wauters Leave a Comment

Phoenix Technologies recently announced that it has signed a definitive agreement to acquire TouchStone Software Corporation, a company specialized in computer diagnostics and development of PC update technology. Under the terms of the agreement, TouchStone shareholders will receive $1.48 in cash for each share of TouchStone common stock, representing a 29% premium over the closing price of TouchStone’s stock on April 9, 2008.

Phoenix Technologies

TouchStone Software Corporation

According to the press release, Phoenix Technologies’ acquisition of TouchStone will enable the company to develop a strong online presence and infrastructure for web-based service delivery. Phoenix will offer services based on TouchStone technology to PC OEMs/ODMs, SMBs and consumers, as well as incorporate the technology into its own products.

“Following close on the heels of our BeInSync announcement, this acquisition is yet another giant leap forward in our effort to simplify all aspects of the PC user experience,” said Woody Hobbs, President and CEO of Phoenix Technologies. “Our PC 3.0 vision is all about simplifying PC users’ lives. With the acquisition of TouchStone, we are taking PC management technology to the ‘one-click’ level as well as strengthening our ability to support online delivery models. We are also broadening our opportunities for new market share gains and new sources of revenue via the web.”

The acquisition, which is expected to close in Q2 of 2008, is subject to customary closing conditions, including approval by the stockholders of TouchStone. special meeting of TouchStone’s stockholders will be scheduled as soon as practicable following the preparation and filing of proxy materials with the Securities and Exchange Commission.

You might remember Phoenix Technologies was the company that reportedly put pressure on Microsoft by filing a complaint with regulators sometime after early November 2007, arguing that Microsoft should open the less-expensive versions of Vista to virtualization (which it did).

[Source: VMBlog]

Filed Under: Acquisitions Tagged With: Phoenix, Phoenix Technologies, TouchStone, TouchStone Software, TouchStone Software Corporation, virtualisation, virtualization

Microsoft Opened Up Virtualization For Vista Under Court Pressure

March 11, 2008 by Robin Wauters 1 Comment

Earlier this year, Microsoft surprisingly flip-flopped its earlier decision not to allow users to run Vista Home Basic and Vista Home Premium as guest operating systems on a virtual machine. According to Computerworld, court documents now prove MS did this because of a complaint filed with antitrust regulators.

According to a status report filed with U.S. District Court Judge Colleen Kollar-Kotelly, Microsoft changed the end-user licensing agreements (EULA) of Vista Home Basic and Vista Home Premium under pressure from Phoenix Technologies Ltd. Phoenix, best known for the BIOS, or firmware, that it sells to PC makers, had filed a complaint with regulators sometime after early November 2007, arguing that Microsoft should open the less-expensive versions of Vista to virtualization.

virtualization-vista-windows-microsoft.JPG

Although the report didn’t name the Phoenix virtualization product, it was referring to HyperSpace, technology that the company unveiled in November 2007. HyperSpace embeds a Linux-based hypervisor in the computer’s BIOS that allows the computer to run open-source software without booting Windows. A little more than two months after Phoenix filed its complaint, Microsoft gave in. “After discussion with the Plaintiff States and the three-person technical committee that assists in monitoring Microsoft’s compliance, Microsoft agreed to remove the EULA restrictions, and has done so,” the status report said.

Unfortunately, Phoenix Technologies and Microsoft declined to comment about the complaint and the changes to virtualization in Vista.

Filed Under: Featured, News Tagged With: Colleen Kollar-Kotelly, complaint, court, EULA, HyperSpace, microsoft, MS, Phoenix, Phoenix HyperSpace, Phoenix Technologies, virtualisation, virtualization, Vista virtualization, windows, windows vista, Windows Vista virtualization

Primary Sidebar

Tags

acquisition application virtualization Cisco citrix Citrix Systems citrix xenserver cloud computing Dell desktop virtualization EMC financing Funding Hewlett Packard HP Hyper-V IBM industry moves intel interview kvm linux microsoft Microsoft Hyper-V Novell oracle Parallels red hat research server virtualization sun sun microsystems VDI video virtual desktop Virtual Iron virtualisation virtualization vmware VMware ESX VMWorld VMWorld 2008 VMWorld Europe 2008 Xen xenserver xensource

Recent Comments

  • C program on Red Hat Launches Virtual Storage Appliance For Amazon Web Services
  • Hamzaoui on $500 Million For XenSource, Where Did All The Money Go?
  • vijay kumar on NComputing Debuts X350
  • Samar on VMware / SpringSource Acquires GemStone Systems
  • Meo on Cisco, Citrix Join Forces To Deliver Rich Media-Enabled Virtual Desktops

Copyright © 2025 · Genesis Sample on Genesis Framework · WordPress · Log in

  • Newsletter
  • Advertise
  • Contact
  • About