Feeds

So Farewell then, Calluna

Euthanasia

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

Calluna Technology Ltd, the British niche hard drive developer, is to commit hara kiri, after failing to find a buyer for the company.

Calluna stopped making hard drives in June and is now operating on a skeleton basis. It will dispose of remaining assets for its hard drive business.

The company had been operating in receivership since January 2000 (shares were suspended at the same time) but had maintained a limited production run. CTL's parent company is called Calluna Group, which also owns a non-trading hardware security business called Vircon. Neither the parent company or Vircon are in receivership.

But with the impending demise of CTL, its sole trading arm, the parent company accepts that it is no longer appropriate to be listed on the London Stock Exchange. Accordingly, it has applied to delist its shares from the LSE.

With no income coming in, prospects look dim for Vircon - certainly under Calluna Group's ownership. The company is looking for a buyer.

Related Stories

Calluna suspends shares
Calluna teeters on the brink
http://www.theregister.co.uk/content/archive/1611.html">Calluna hits first ever profitable month

5 things you didn’t know about cloud backup

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?