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

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.