KnowledgePool finds buyer
Concerns still remain, say insiders
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." ®