Feeds

Picsel administrators sell assets to former managers

Hamsard takes on 50 workers

Providing a secure and efficient Helpdesk

Former managers of Picsel Technologies Ltd have stepped in to buy up the assets of the defunct software development company, including the patent portfolio and the 50 remaining employees.

Glasgow-based Picsel went into administration in July, when PricewaterhouseCoopers was appointed as administrator and set out to find a buyer for the company. At that time 35 staff got laid off.

But the 50 who remain will now transfer to a company called Hamsard Limited which has been set up by former members of the Picsel management team, PWC said in a statement.

Companies House does not list a Hamsard Limited so we can't tell you which members of the former Picsel management are involved.

We have been told that as part of the deal those 50 employees will receive the wage arrears owed to them. There's no word about ex-employees owed money by Picsel, or of the seven employees who saw the company at various employment tribunals over the last few months.

PWC said the deal have been achieved with funding support of two major creditors of Picsel.

We look forward to reporting on developments at Hamsard, and hopefully filling in a few of those blanks, soon. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
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.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.