Feeds

Biscit says no trouble at the mill

As executive director departs

Boost IT visibility and business value

Internet Service Provider Biscit has insisted it is "business as usual" after its chief executive left the board.

The firm has also denied speculation that it has been undergoing financial problems after refund cheques to customers bounced. The firm also laid off some staff in January

The company today announced the departure of its executive director, Hugh Paterson, and said: "Biscit today advises that Hugh Paterson has resigned as an executive director of Biscit and its internet businesses and has accepted a new mandate from the new shareholders to develop Biscit's forward roadmap."

A spokesperson for Biscit said: "Hugh is a skilled business leader and marketeer. During his tenure Biscit has grown significantly and his many broadband initiatives have been recognised as among the most innovative on today's market."

Paterson told the Reg: "I've resigned so I can concentrate on future developments. But the rest of this is overblown. The bounced cheques were just an administrative error - we closed an account but everyone has now been refunded. There are no financial problems and our rent is up to date. We have a good core of staff although there were some redundancies earlier in the year." ®

Seven Steps to Software Security

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
What FTC lawsuit? T-Mobile US touts 10GB, $100 family-of-4 plan
Folks 'could use that money for more important things' says CEO Legere
prev story

Whitepapers

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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.