Feeds

KnowledgePool finds buyer

Concerns still remain, say insiders

  • alert
  • submit to reddit

KnowledgePool Limited - the IT training company that recently went titsup - has been sold to private investment outfit Root Capital.

The new company will continue to use the trading name KnowledgePool and work with the existing management team.

Financial details were not disclosed.

Those behind the buyout say it has ensured that the business stays intact while saving a "majority of jobs".

But at this stage it's not clear whether this means there will be further redundancies, following the 30 or so announced recently.

No one from the company was available for comment at the time of writing.

While some at KnowledgePool will welcome the news in the hope that it brings some certainty to the organisation, others are less convinced.

One insider told The Register that following KnowledePool's slide into administration key staff have been lost in once profitable areas of the company.

Others claim that morale is at rock-bottom with a number of employees looking for a swift exit as fears still remain over the future of some of KnowledePool's offices.

Said one insider: "Time will tell if [the new management] can make KnowledgePool succeed." ®

Related Stories

KnowledgePool axes 30 jobs
KnowledgePool UK goes titsup

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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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.
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?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.