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Articles about Fti

Former staffers of titsup Brit IT giant 2e2 haul administrator to court over pay

A group of former 2e2 staff are set to discover next week at an employment tribunal how successful they've been in efforts to recover monies they claim are owed to them by administrator FTI Consulting. The 200-strong bunch will have their case heard in Reading on 17 September under the representation of Jenny Andrews at Andrews …
Paul Kunert, 11 Sep 2013

2e2 debt recovery specialist finds... £2,000 in six months

The administrator of 2e2 has recouped just a tiny fraction of the debts owed to the integrator, a Progress Report has revealed. FTI Consulting took control of the company's affairs January '13 in the well-documented collapse. By March last year, it had struggled to recover one-tenth of the £43m on the debt ledger at its …
Paul Kunert, 12 Feb 2014
gavel_judgment_channel

2e2 staffers get day in court over unpaid pre-meltdown wages

Hundreds of former 2e2 UK employees will be told just days before Christmas at a Reading tribunal whether wages owed to them will be paid in full or not. There are some 356 claimants of 2e2 UK Ltd, Oakley Capital Ltd, Daisy Data Centre and Telefonica, a clerk at Reading tribunal told The Channel. The hearing date has been set …
Paul Kunert, 24 Sep 2013

Former 2e2 workers WIN case for protective award

An employment tribunal has ruled in favour of former 2e2 workers' claims for protective awards. A year after the saga began, hundreds are to be paid up to eight weeks' wages by the government – the maximum allowed. There weren't many winners in the firm's collapse - save for, perhaps, the administrators - with staff out of a job …
Paul Kunert, 24 Jan 2014

World+dog left counting costs: Still can't bury corpse of titsup Brit IT giant 2e2

The administrator of deceased 2e2 appears to have made slow progress in collecting book debts, with tens of millions still outstanding months after the integrator-cum-reseller failed. The latest progress report filed at Companies House today revealed that JP Associates (JPA), previously hired by 2e2 administrator FTI Consulting …
Paul Kunert, 02 Sep 2013

Administrator: 2e2 owed £412m to creditors when it went titsup

2e2 Ltd crashed out of business owing creditors a little over £412m, the firm's administrator FTI Consulting has confirmed in its statement of affairs. The document, seen by The Channel, revealed debts secured by floating charges of £161.5m pertaining to the integrator's banking syndicate, and unsecured non-preferential claims …
Paul Kunert, 11 Apr 2013

Atomic Weapons Establishment ditches 2e2 in funding row

Stricken integrator 2e2's administrator has confirmed in a letter to staff that the Atomic Weapons Establishment, one of its data centre customers, walked after it was asked to pay thousands of pounds to keep the server farm up and running. FTI Consulting, hauled in to take charge of 2e2 late January, told remaining staff at the …
Paul Kunert, 08 Feb 2013

Logicalis coughs up €24m for 2e2's Euro ops

Logicalis Group has coughed €24m for 2e2's European operations, it confirmed in a stock market statement this morning. The deal includes the IBM system integration biz in Spain - which is still trading under the Morse brand; the NetApp and HP enterprise reselling outfit in Ireland; a managed service operation in the Channel …
Paul Kunert, 04 Mar 2013

Daisy, Computacenter turn down purchase of stricken 2e2

The prospect of 2e2 administrator FTI selling the entire UK operation of the stricken integrator in one swoop was dealt a blow this weekend after several key suitors walked away from a deal. As revealed on Thursday, Computacenter and Daisy Group were seated at the negotiating table but have now decided to end their interest in …
Paul Kunert, 04 Feb 2013
grab_that_cash

Brit SAP house G3 Global slurps 2e2's SAP house

SAP Gold partner G3 Global - based in Surrey - has acquired 2e2-owned Diagonal Consulting in a cash deal, it confirmed this morning. Buyers for Diagonal, which was taken over by Morse in 2004 - itself swallowed by 2e2 in 2010 - were sought after administrator FTI Consulting was called into the UK ops last month. Chris Gunter, …
Paul Kunert, 22 Feb 2013

Doubts cast over FBI 'leaky CAPTCHA' Silk Road rapture

Rather than a conspiracy involving NSA wiretaps, the FBI claims the downfall of Silk Road begun with a leaky CAPTCHA. Responding to a request for information from former kingpin Ross Ulbricht's defence lawyers, the Feds says the CAPTCHA left a trail from the TOR-protected Silk Road servers to the public Internet. That revealed …
Darren Pauli, 08 Sep 2014
2e2

Stricken giant 2e2 may be sold off in one by Monday - sources

The sale of fallen integrator 2e2 may be finalised as early as Monday with administrator FTI Consulting looking to offload all of the UK biz to just one buyer, say people close to the talks. All of the major household names in the channel are understood to have looked under the hood of the Berkshire-based company since ten UK …
Paul Kunert, 01 Feb 2013

O2 gobbles up O2 Unify staff from dying UK IT giant 2e2

Mobile operator O2 has grabbed staff from O2 Unify, a joint-venture it ran with the UK's crashed tech giant 2e2. The team was put together by the pair of companies nearly two years ago. This is the first element of 2e2 that its administrator FTI Consulting has been able to sell. It comes a day after the fallen tech integrator …
Paul Kunert, 07 Feb 2013

2e2 rescue deal: Daisy swoops in, grabs data centre ops

Acquisitive telco player Daisy Group is taking control of defunct 2e2's data centre operations. Under the terms of the deal, Peter Dubens, owner of Oakley Capital and chairman at Daisy Group has created a special purpose vehicle Daisy Data Centre Solutions to buy the business and assets which include server farms in Gateshead …
Paul Kunert, 15 Feb 2013

Stricken 2e2 threatens data centres: Your money or your lights

The collapse of UK IT contractor 2e2 descended into farce tonight as its largest data centre customers were told to each pay £40,000 just to keep the lights on. Clients of debt-crippled 2e2 were told to cough up the cash to keep systems running until they transition to another provider, sources close to the situation have told …
Paul Kunert, 07 Feb 2013

Stricken 2e2 sacks 627, winds down, retains a few data centre caretakers

Stricken UK integrator 2e2 - in administration and unable to find a buyer - effectively started to wind down operations today by confirming 627 people were being let go with just a small group of data centre staffers left to keep things "ticking over". Employees were told at 8.30am to get onto a conference call at scheduled for …
Paul Kunert, 06 Feb 2013
2e2

NHS IT bods 'walk out' in pay row with crashed UK tech giant 2e2

A number of contractors from collapsed UK tech giant 2e2 refused to turn up for work in NHS IT today after their January pay was withheld, it is claimed. Debt-crippled 2e2 Group went into administration this week and put staff wages under "review", but its new handlers assured health service bosses that hospitals are a top …
Paul Kunert, 31 Jan 2013

Rug tugged from under 2e2 after it racked up £50m loss - report

Brit IT biz 2e2 went under because its financial reports were flawed, it plunged nearly £50m into the red and its backers refused to throw good money after bad. That's according to a two-inch-thick dossier by the company's administrators FTI Consulting. The report documents the days leading up to the Berkshire-based integrator's …
Paul Kunert, 25 Mar 2013

Biz rivals tussle over customers, former staffers of fallen 2e2

Channel rivals of 2e2 are offering staff at the fallen integrator a lifeline and are tapping up customers wondering what the short-term future may hold for their current tech supplier. Type 2e2 into Google's search engine and PSU, Codestone, Gap Consulting, Kelway, m-hance and Amicus ITS are but a few of the names to have run …
Paul Kunert, 04 Feb 2013
Administration

Vultures circle crash-landed UK giant 2e2 after top brass axed

The vultures are circling fallen channel giant 2e2 with an asset sale expected for the UK biz in light of the hefty redundancies made yesterday. As reported yesterday, debt-saddled 2e2 Group laid off 22 per cent, or 319, of its 1,442 workers in Blighty, and placed ten UK subsidiaries into administration. The Channel can today …
Paul Kunert, 30 Jan 2013

IT contractors lose thousands as 2e2 collapse hits recruiter

Tech-sector freelancers are thousands of pounds out of pocket after the collapse of IT integrator 2e2 wiped out recruitment agency Populo Resourcing, The Channel can reveal. The contractors, recruited by Populo to work on various IT projects for 2e2, had their work cancelled days after the integrator crashed. Some say they are …
Paul Kunert, 18 Mar 2013

Lawyer: 2e2 customers should act quickly as liquidation looms

Any 2e2 customers that clung on in the hope a buyer could be found for fallen channel giant must act now to minimise disruption to service, a law firm has warned. More than a week has passed since 2e2's 10 UK subsidiaries were placed in the hands of FTI Consulting, and the administrator seems to have run out of potential buyers …
Paul Kunert, 06 Feb 2013

2e2 cloud cash fiasco puts NHS IT and biz 'over a barrel'

NHS trusts and other customers of IT giant 2e2 are stuck between a "rock and a hard place" after their worst nightmares of cloud computing came true. Hospital bosses and private businesses relied on the integrator to operate their outsourced cloud systems - but 2e2's administrators demanded extra cash last week to keep those …
Paul Kunert, 08 Feb 2013

Capita slurps crashed 2e2's ex-flack-in-chief to bolster sales

Troubled integrator-cum-reseller Capita IT Services (CITS) has hired fallen channel giant 2e2's former sales and marketing director. Ian Thomas rocks up at CITS today as sales boss in a move that was confirmed to staff by managing director Peter Hands. "Ian has a background in travel, telecoms and IT services and spent 14 years …
Paul Kunert, 08 Apr 2013

One year on: What exactly did the 2e2 collapse teach us?

“Sam, I need you in the Heathrow office early tomorrow morning,” read the panicked text from my line manager on a Sunday night. The UK subs of 2e2 Group entered administration a year ago. I had a unique vantage point from where I sat within the crumbling company through the brutal process of administration and seeing the …
Sam Simpson, 20 Feb 2014
Logicalis

Logicalis CEO reveals blueprint for gobbled 2e2 Euro biz

Logicalis CEO Ian Cook says his biz will use the IT Service Management (ITSM) unit in the Dutch operation acquired from 2e2 as a consulting "centre of excellence" for the entire group. Integrator Logicalis - owned by Datatec - yesterday coughed up €24m for 2e2's businesses in Spain, the Netherlands, Ireland and the Channel …
Paul Kunert, 05 Mar 2013
chain_relationship_channel

Feel Cisco's WRATH: Over 1,000 placed on DENIED partner sh*t list

Cisco has launched an EMEA-wide crackdown in the channel after expelling Phoenix IT Group from the Gold Partner network, which our sources alleged was because it flouted support rules by supplying grey market kit. The Brand Protection police at the networking Goliath sent letters to more than 1,000 resellers, integrators and …
Paul Kunert, 08 Nov 2013

Daisy Group battles to keep 2e2 managed services user base

Daisy Group has been locked in conversations with 2e2's managed services customers after taking charge of the integrator's data centres, to reassure them there is no need to jump ship. On Friday morning, Peter Dubens, owner of Oakley Capital and chairman of Daisy Group, took over the Reading and Gateshead server farms and handed …
Paul Kunert, 15 Feb 2013
The Register breaking news

Android spat loser Oracle ordered to toss Google some change

Oracle has been ordered to pay part of Google's legal bill in the database giant's failed Android patent infringement lawsuit. Oracle had tried to prove in court that Google's mobile operating system Android unfairly copied its Java technology. Now Oracle will have to pay $1.13m to settle its opponent's tab, including the cost …
Gavin Clarke, 05 Sep 2012

Integrator 2e2 axes 319 UK staff, halts pay cheques - insiders

Troubled integrator 2e2 Group has let go 319 UK sales and admin staff and, to add insult to injury, their pay for last month is being withheld, sources claim. After weeks of negotiations by investors and bosses to keep the debt-laden business afloat, the decision was taken yesterday to call in administrators FTI Consulting for …
Paul Kunert, 29 Jan 2013

IDC: Outsourcing sector needs rescue fund for cloudy customers

The outsourcing industry should develop a voluntary crisis fund to give protection to customers should their services provider hit the wall. This was proposed by IDC in light of 2e2's recent high profile collapse that left some customers scrambling for alternative suppliers, and highlighted the pitfalls of outsourcing. One …
Paul Kunert, 15 Feb 2013
2e2

UK's 2e2 goes titsup

Troubled integrator 2e2 Group has left a potentially devastating trail of debts in its wake after calling in the administrators to its UK ops. The financial backers of the Berkshire-based business hauled in FTI Consulting on Monday afternoon, putting nearly 2,000 jobs at risk of redundancy. "We are working closely with …
Paul Kunert, 29 Jan 2013
The Register breaking news

Kodak's moment: Camera biz files for bankruptcy

Iconic and inept US camera and film company Kodak has finally pressed the shutter button: it has filed for Chapter 11 protection. Citigroup has stumped up $950m for a credit facility over eight months while the bankruptcy process is worked out. Beset by the digital camera revolution and screwed by a breathtakingly stupid entry …
Chris Mellor, 19 Jan 2012
The Register breaking news

Dealers win High Court VAT action against Customs

The FTI (Federation of Technological Industries) has won the right to take its legal battle with Customs and Excise to the European Court. The trade body was set up in response to the Finance Act which made brokers responsible for VAT payments through the entire supply chain. Customs' intent was to destroy widespread and …
John Oates, 09 Mar 2004
The Register breaking news

Legal experts wary of MySpace hacking charges

On October 16, 2006, 13-year-old Megan Meier fled from her family's computer, distraught over the cutting comments of her supposed "friends" on MySpace. Twenty minutes later, the troubled teen was dead; she had hung herself in her closet. The story, widely reported, garnered the girl's family widespread sympathy on the Internet …
Robert Lemos, 17 May 2008
The Register breaking news

Showdown over encryption password in child porn case

A bid by the US government to force a child porn suspect to surrender his encryption password has sparked fierce debate about whether the move violates constitutional protections against self-incrimination. The case, which is reported here by The Washington Post, is likely the first time a court has waded into the issue. It …
Dan Goodin, 16 Jan 2008
email symbol

No email privacy rights under Constitution, US gov claims

On October 8, 2007, the United States Court of Appeals for the Sixth Circuit in Cincinnati granted the government's request for a full-panel hearing in United States v. Warshak case centering on the right of privacy for stored electronic communications. At issue is whether the procedure whereby the government can subpoena stored …
Mark Rasch, 04 Nov 2007
The Register breaking news

Of laptops and US border searches

Recently, I was going through an airport with my shoes, coat, jacket, and belt off as well as with my carry-on bag, briefcase, and laptop all separated for easy inspection. I was heading through security at the Washington D.C., Ronald Reagan National Airport in Arlington, Virginia, or "National" as we locals call it. As I passed …
Mark Rasch, 24 Mar 2008