XciteLogic calls in the administrators

Perth-based services provider and Apple education reseller owed unsecured creditors $3.8 million

Perth-based IT services provider, XciteLogic, has gone into administration.

Dino Travaglini and Matthew Donnelly from Grant Thornton were appointed as administrators on May 9.

According to a report the company owed $3.8 million to unsecured creditors.

Travaglini said the company had under-capitalised and invested too much in software development and R&D.

According to XciteLogic’s website, it began trading as a small tech consultancy in 2001, growing into a national company with offices in Perth, Melbourne, Sydney, Adelaide and Darwin.

It was an Apple Authorised Education Reseller, Authorised Service Centre and Training Provider, with the company stating it had one of the biggest teams of Apple-certified consultants in the country.

It was also a Microsoft Gold Partner and supplied Cisco, Citrix, HP, IBM, Xirrus, Sophos, CommVault, VMware and SonicWall products.

In March last year, XciteLogic merged with its former rival, Key Options Technology, which itself faced cash flow issues.

At the time, XciteLogic managing director, Tony Panetta, said the merger increased its resources and services provided to local businesses, governments and schools.

The expanded team involved 90 staff across the country.

Last year, XciteLogic received a Rising Star award after being recognised as one of Western Australia’s fastest growing businesses.

In a statement at the time, the company said it went from a small backyard operation into a multi-million dollar national business, experiencing turnover growth of 600 per cent since 2008.

More details to follow.

2015 ARN ICT Industry Awards: NOMINATE NOW!!!: Nominations for the 2015 ARN ICT Industry Awards are now open. Once again, it is time to NOMINATE NOW!!!

Join the ARN newsletter!

Error: Please check your email address.

Tags resellersApple EducationGrant Thorntonadministration

More about AppleCiscoCitrix Systems Asia PacificCommVaultHPIBM AustraliaMicrosoftMicrosoft Gold PartnerSonicWallSophosTechnologyVMware AustraliaXirrus

ARN Directory | Distributors relevant to this article

ARN Directory | Vendors relevant to this article

Show Comments
 

Latest News

09:42AM
Will enterprise jump on the Windows 10 bandwagon sooner or later?
09:08AM
Avaya finalises Ensa acquisition
07:03AM
Data here, data there, by 2019 data’s a billionaire…
06:33AM
IBM unveils industry-specific predictive analytics services
More News
04 Jun
Websense Data Theft Prevention Breakfast - Melbourne
04 Jun
IM Experience, Sydney
09 Jun
Ascom Nurse Call product launch
10 Jun
D-Link IP Surveillance Training and Certification
View all events