Feeds

Karma MBO confirmed

Chandler at the helm as distie bought out of administration

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Andy Chandler today confirmed he would be the new skipper at the helm of Karma UK. Chandler expressed his surprise at the past few weeks' events, which saw the distributor dragged into administrative receivership in the wake of its sister companies CHS Electronics Plc and Metrologie. On Friday at 9pm, Chandler and an internal team at Karma signed an MBO for an undisclosed amount from receivers BDO Stoy Hayward. Chandler is now managing director of the company, which will trade as Karma International in the UK. "The company was very profitable, and we couldn't believe it when it was put in this position," he told The Register. Chandler, former general manager at Karma UK, said he would keep the majority of staff at the Reading-based distributor. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
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?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.