Former Excom sales manager: 'The writing was on the wall'

Former national sales manager, Paul Carney, offers a ray of hope to Excom Cisco students and blames the quality of service for the fall

Fast Lane manager Victoria and former Excom national sales manager, Paul Carney, has said the writing probably had been on the wall for the IT training company’s collapse for some time.

Excom appointed Roger Grant, Victor Dye, Nicholas Giasoumi from Dye & Co as liquidators on August 25.

According to Carney, Excom had operated at a very high standard and provided much better services than many competitors. He claimed overheads were more to blame than a drop in international students.

“I probably saw writing on the wall some time back, but I’ve had so many calls from ex-employees and friends in the industry expressing their shock at the speed of demise,” he said. “At its peak there were 240 employees or so, but they had reduced the numbers to around 160 across the country.

“There are some providers that work without the embedded costs that Excom were running… its value proposition was exceptional. It had rented real estate in every major capital city and it wasn’t C-grade accommodation. It was A-grade stuff.”

Carney said he was one of the creditors owed at least tens of thousands of dollars, with this amount rising to hundreds of thousands if the value of potential business was included. Resources and instructors had been booked for Excom over the next three months.

Carney said he understood that staff had not been paid or received full superannuation payments. He also said Express IT’s 100 per cent job guarantee for its students didn’t cause the fall, but claimed the students of that division could be the hardest hit.

Although Carney agreed there would be a large gap in IT training for the short term, he claimed there were plenty of major players, including Fast Lane that could take up the slack in the long-term.

Carney said Fast Lane provided many of the Cisco training and certification services as well as resources used by Excom and its students.

He encouraged any former Excom student studying Cisco-related courses to contact his company to find out if they could continue their work without any disruptions or further costs.

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References show all

Comments

Ken

1

Also try
www.misglobaltech.com.au

Based in Parramatta and also CPLS as well as many other courses.

NS

2

This article forgot to mention that apart from the unpaid superannuation, staff were also not paid owed commission (close to $7,400 for myself) and expenses/reimbursements.

Gary Balasa

3

What a sorry situation this has turned out to be, so much for Job guarantee security and the prospects for young people to change their career, all with a leading service provider, what now? where to next.
What happens to many people like my son, who borrowed in excess of $20K only to find out through an SMS message that it has all gone pear shaped, a month into his course. These poor people still has a responsibility to the Financial institutions.

Surely the cancerous signs were about way before he was asked to pay in full prior to commencing the course, so is this a criminal act...I would answer that with a definite YES, About time our wimpy leaders take note and prosecute the rogue Directors responsible.

Surely a case action is the very least under consideration at the moment, followed by letters to various MP's and business leaders, this must be rectified, they must take note.

So the question still stands, where to next for the many students and staff effected....I hope some form of relief will be offered by the governing bodies to all those poor people now out of a job and owing large amounts of money, Oh and yes without a clear direction, shall we just put our lives on hold due to the actions of some irresponsible poor management practices?.

Shame on you all.

Gary Balasa

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