Feeds

ilion loses UK Cisco franchise

Jewel in the crown gone, two staff suspended, and a £500,000 black-hole –- oh dear

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Troubled networking distributor ilion has lost its Cisco franchise in the UK and suspended two staff who had been key members of the Cisco account team. According to sources, Ted Black and Andy Vine, managers on the Cisco account at ilion, were suspended last week. The Cisco franchise was regarded by many in the industry as ilion’s saving grace and the one thing that potential buyers would be most interested in picking up. With that gone the picture is now much changed for ilion. The suspensions of Black and Vine were followed by last Wednesday's announcement that "an irregular transaction in the UK business" had occurred. The networking distributor said it could cost the group around £500,000. ilion called in solicitors to start litigation against a third party -– which an ilion representative refused to name. Today ilion stated it would stop distributing Cisco products for the UK market from 30 June. But it will continue distribution in the rest of Europe. ilion’s share price fell 12.5 pence today, standing at 72.5 pence this afternoon. Last Tuesday, before any of these revelations, ilion’s share price was £1.02. ilion representatives were unable to comment on the suspensions or the details surrounding the loss of the Cisco franchise, but said the litigation process was continuing. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.