Feeds

Hoojit.com weeks away from being titsup.com

£90m investor had enough

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Chris Matthews - the e-ntrepreneur who reportedly made £90 million when he sold his ISP/telco, Telinco, to WorldOnline last year - has had his golden fingers burned.

Matthews ploughed some £10 million into search engine/shopping portal Hoojit.com. Now he's looking for a buyer.

The eleven remaining staff at the Cheshire-based dotcom were told yesterday that their jobs are at risk unless some fresh cash is found.

Management has given itself a month to find a new investor or face closing the b-2-c site.

Hoojit's acting MD, Andrew Wayland, is currently in Holland overseeing the "strategic re-alignment of its European operations to focus on the development of core search and tracking technologies".

In a statement the company said: "Part of this restructuring will mean that Hoojit's business-to-consumer websites, including the shopping guide, hotel guide and its outsourced shopping service will be closed.

"Staff based at the Northwich office, which up till now has been the development and operations base for the business to consumer products, have been informed that their jobs are at risk if an appropriate buyer or investor can not be found within the next few weeks." ®

Related Stories

Hoojit maflips Shoppers Search engine
Telinco chairman picks up £90m

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.