Feeds

Titsup Madge.Web staff to be saved

'It's not a dotcom venture with no revenue'

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

The fate of Madge.Web and its staff looks set to be sealed by the end of next week.

Receivers Price Waterhouse Coopers expects to name a preferred bidder for the UK company next week. It also hopes to save all 170 British jobs at the Web hosting company, which fell into administration last month.

A PwC representative said today there were "quite a few interested parties" vying to buy the outfit, adding that these were currently being narrowed down into preferred bidder status.

She said PwC expected to name a preferred bidder by the end of next week.

"The company has real assets. It is not to be confused with a dotcom venture with no revenue stream," said the representative.

"We expect and hope to save jobs. And the way things are going at the moment, there is every possibility of that."

Madge.Web was previously owned by Madge Networks, which poured more than £100 million into the UK business and its five sister companies worldwide. ®

Related Stories

Madge.Web goes titsup.com

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
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
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.