Menu
Datareach rises from the ashes

Datareach rises from the ashes

US COMPANY Anacapa Ventures has bought the assets of Datareach, the Napier internet equipment company in liquidation, and renamed it XtendReach.

An XtendReach employee would not say whether the new company has employed former Datareach staff — of which 19 of the 25 worked without pay earlier this year.

But a written statement from Anacapa says all employess of the new venture are shareholders of it. Datareach liquidator Gary Traveller says Swedish phone company Ericsson has sold XtendReach the intellectual property, which it bought back when Datareach got into financial strife.

Datareach, once wholly owned by Ericsson, went into liquidation on December 8 last year after its new parent, Tennyson Networks of Australia, entered voluntary administration in October and was unable to provide the Napier company with working capital.

Perth-based investor Ascent Capital has since bought Tennyson and hopes to re-list it on the Australian Stock Exchange.

California-based Anacapa was registered in New Zealand two weeks after Datareach went into liquidation.

An unnamed source told Reseller News last month that there was speculation that Tennyson had reneged on its Datareach purchase agreement with Ericsson because it had not stayed solvent for at least six months following the acquisition.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments