Menu
Sue You… Consultant seeks $3.1m Revera commission fee

Sue You… Consultant seeks $3.1m Revera commission fee

Spark New Zealand owned data centre company Revera is at the centre of a commission fee scandal, with an aggrieved former consultant seeking $3.1 million in alleged unpaid fees.

Spark New Zealand owned data centre company Revera is at the centre of a commission fee scandal, with an aggrieved former consultant seeking $3.1 million in alleged unpaid fees.

Hired in a consultancy role amidst the potential sale of the business to HP New Zealand in 2007, Wellington-based consultancy Prophecy Networks director Wilhelmus Giesbers claims Revera, then Rock Group, has so far failed to pay commission fees following his work.

According to reports by Business Desk, Giesbers was hired in 2007 to provide restructuring advice and preparation for a possible sale, with was subsequently canned in early 2008.

“Under the contract, Giesbers would be paid $25,000 if the highest bid was below $20 million, or if no bids were received, while anything above that would earn a commission,” Business Desk reports. “The fee hasn't been paid.”

Revera, which was subsequently purchased for $96.5 million in 2014 by Spark, told Wellington High Court that while the company was not disputing Giesbers’ claim to his $25,000 base fee, they objected to a larger commission fee relating to the eventual sale of the company six years layer.

Branding Giesbers’ commission claim with regards to the Spark deal as “commercial absurd”, Revera’s lawyer James Craig told the court Giesbers’ work for the company ended in November 2007, leaving his no claim to further payments.

Arguing for Giesbers, lawyer Colin Carruthers claims Giesbers’ contract was never terminated by the company, which as Business Desk reports, “was still in force at the time Spark, then Telecom Corp, acquired the business.”

The trial continues.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Spark New ZealandRevera

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments