EDGE 2015 is starting in

Find out more EDGE 2015
Menu
XciteLogic calls in the administrators

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.

EDGE 2015:: For all the latest on EDGE 2015 including the keynote speakers visit the EDGE mini-site now

2015 ARN ICT Industry Awards: Nominations for the 2015 ARN ICT Industry Awards close on June 26. NOMINATE NOW!!!

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags resellersApple EducationGrant Thorntonadministration

Upcoming

Slideshows

In Pictures: Robots that cook, clean, sing and dance
Tech Hive

In Pictures: Robots that cook, clean, sing and dance

Cooking, learning language and doing the laundry are a few of the human skills demonstrated by.real humanoid bots featured in the National Geographic movie Robots.

In Pictures: Robots that cook, clean, sing and dance
IN PICTURES: OKI Data Australia partner event (+10 photos)
Business Products

IN PICTURES: OKI Data Australia partner event (+10 photos)

OKI recently hosted its ChannelOne dealer forum for its executive series channel partners to get together and learn about the company's new high-performance ES8400 A3 multifunction series printers. After a welcome and business overview from OKI Data Australia managing director, Dennie Kawahara, delegates were given a comprehensive overview of the new product, as well as an update on the latest marketing initiatives and software solutions, before being treated to live demos and a product showcase. Partners were also given a preview of OKI’s upcoming A3 digital LED white toner printer. With more than 60 delegates attending from all over the country, the day concluded with dinner at Casa Ristorante Italiano in Sydney and several delegates also participated in a friendly game of golf the following morning.

IN PICTURES: OKI Data Australia partner event (+10 photos)

iasset.com is a channel management ecosystem that automates all major aspects of the entire sales, marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.

Show Comments