Feeds

Zy.com up for sale

But what the hell is going on behind the scenes?

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
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
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
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.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.