Feeds

Dan Technology: so who's the buyer?

And why's it taking so long

  • alert
  • submit to reddit

Dan Technology has a buyer on the table and a deal should be announced next week, receivers BDO Stoy Hayward says.

According to sources, the unnamed buyer has already taken on a small number of customer support staff, previously made redundant along with the rest of Dan's employees , to handle the backlog of tech calls. Word is, that PC building is to be subcontracted out in Dan Mk II.

If the unnamed buyer is already hiring, that suggests a deal is already done. So why the wait until next week. Perhaps, the UK's TUPE regulations which regulate the contracts of employees transferred through takeover to new businesses has something to do with it. TUPE regulations apply, even in cases of insolvency, but there are time limits.

So who is the unnamed buyer? Speculation among creditors is centering around a Herts.based dealer called Hemini plc. ®

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.