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Management buyout sees Auldhouse in ownership of Gen-i executives

Management buyout sees Auldhouse in ownership of Gen-i executives

Gen-i transfers ownership of Auldhouse to its executives

Member of the Telecom New Zealand group, Gen-i, has signed a sale and purchase agreement to transfer ownership of its training business Auldhouse to Auldhouse executives Melanie Hobcraft, Leigh Richardson and Craig Jones, through a management buyout.

Now one of New Zealand’s largest privately owned commercial training businesses, Auldhouse will continue to support Telecom and Gen-i as a preferred supplier. As a training partner for a number of New Zealand’s government and corporate organisations, Telecom and Gen-i will continue to leverage Auldhouse services through a Preferred Supplier Agreement.

“Auldhouse is a great specialist business, developed from the ground up by some very talented people,” Gen-i CEO, Tim Miles, said. “It makes good sense for them to now own Auldhouse, as they have built it up so successfully…while ownership will change, we will utilise their specialist training expertise for the benefit of our staff and clients.”

According to managing director of the newly formed Auldhouse Computer Training, Melanie Hobcraft, she is “delighted to have this opportunity to take the business forward under private ownership.”

“We’re thrilled that Auldhouse will continue to work in partnership with Telecom and Gen-i, and look forward to continuing to provide high quality IT training and consultancy services to a wide range of New Zealand private and public sector organisations,” Hobcraft said.

Auldhouse will continue to work in collaboration with global vendors including Microsoft, VMware, Citrix, Cisco, Red Hat, Pink Elephant, ITIL, Symantec, Check Point and SAP.

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