Feeds

Zy.com up for sale

But what the hell is going on behind the scenes?

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

We were surprised to see an ad in the FT today announcing that Zy.com was up for sale. The site is part of a whole Zy conglomerate, run by young man Charles Moir, who co-founded it with Nova Fisher, having made a fortune out of Acorn a coupla years ago.

We thought that Zy.com - a site that allows people to build good-quality Web sites online - was doing rather well. Nearly a year ago today it got £5 million in funding, and it currently gets about 14 million hits a month. Not bad.

So following the ad we decided to find out why they were selling it. Are they selling part or all of the Zy company? Is it because they reckon they can get a good price for it now? Are there are other plans afoot? Or has the whole thing gone titsup.com?

After the head of PR for the company was unavailable for several hours and her colleagues had failed to get any information back to us, we thought we'd call up the "Joint Adminstrators" in charge of the deal. Mike Hore and Simon Bower at RSM Robson Rhodes. They're not available either. But we can have a sales pack sent in the post.

Sod this. So we track down Zy's office number (no easy task). We ask to speak to Charles Moir. Please call back in five minutes. We do. When Charles is informed of who we are, he becomes unavailable. Speak to the administrators. But we've tried. You'll have to speak to the administrators. Look, we just want to know what's behind the sale. Well, you'll have to speak... No one will talk to us. Do you realise that we will have to assume the worst? Can we have some information please? You'll have to speak to the... Adminstrators, yeah. Why? We want to talk to you about your business. Er, er. Hangs up.

Both the PR woman and the administrators are again unreachable.

Now. Zy.com is a good site, but what the hell are we supposed to make of this? It seems particularly short-sighted to put an ad in the FT for chrissakes and then be completely unprepared when people call up asking questions. Let's be honest, it don't look good. In case you wondered, administrative receivers are what companies (or more frequently, their banks) call in when they go titsup.com. ®

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.