Feeds

Avecho Group in administration

'Employees' appeal for saviour

The Power of One eBook: Top reasons to choose HP BladeSystem

Directors of secretive anti-virus vendor Avecho Group Ltd put the firm into administration on 2 December, barely three years since the business was founded.

The Essex-based firm had caused a stir by claiming its email virus-checking system was 100 per cent proof. But its methods where a closely guarded secret.

A spokesperson for Stephen Cork, the official administrator of Avecho at Smith & Williamson, confirmed that the security software vendor had gone into administration on 2 December.

The directors filed their administration report with Companies House on 8 December. It is expected to be published this week.

Bob Tarzey of Quocirca, one of few industry analysts who took an interest in Avecho, believed its secrecy might have had something to do with its demise.

"People don't like magic. They want to know how it works. If [someone] says, 'trust me, I'm a salesman,' then you don't trust them," said Tarzey.

Reports have suggested Avecho has no patents for its technology and used this to explain the firm's secrecy.

Avecho's founders have also claimed (in 2003) that though they have patents, they do not have the resources to defend their intellectual property in court.

Yet a former strategic advisor to the firm said that as late as December last year it was still official policy not to file for patents because it did not have the money to defend them. It had been reviewing the policy, however, as its financial fortunes were allegedly looking up.

People claiming to be Avecho employees believe there are intellectual assets that can be sold by the administrators.

On Friday they issued a statement in the hope of drawing the attention of any potential buyers. They remained anonymous because they were "frightened".

"[We] still have claims against Avecho for unpaid salaries, notice pay, expenses and so on. We must therefore declare a vested interest in seeing the best value achieved for Avecho in administration, so that these and many trade debts can be paid off," they said.

A former spokesperson for Avecho claimed it had over 500 SME customers who bought its software as a managed service. As of Friday the service appeared to be uninterrupted.®

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
BMW's ConnectedDrive falls over, bosses blame upgrade snafu
Traffic flows up 20% as motorway middle lanes miraculously unclog
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Mozilla fixes CRITICAL security holes in Firefox, urges v31 upgrade
Misc memory hazards 'could be exploited' - and guess what, one's a Javascript vuln
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
Putin: Crack Tor for me and I'll make you a MILLIONAIRE
Russian Interior Ministry offers big pile o' roubles for busting pro-privacy browser
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.