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.

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags resellersApple EducationGrant Thorntonadministration

Upcoming

Slideshows

IN PICTURES: Windows 10 Sydney launch

IN PICTURES: Windows 10 Sydney launch

Tech lovers and party-goers alike headed down to Mrs Macquarie's Chair to be part of the world-first Windows 10 Launch Party. The night featured a presentation by Microsoft Australia managing director, Pip Marlow, DJs, live demonstrations and digital artistry by Lister.

IN PICTURES: Windows 10 Sydney launch
In Pictures: User guide to Windows 10

In Pictures: User guide to Windows 10

If you’re going for an immediate upgrade to Windows 10 from your Windows 7 or Windows 8/8.1 computer, this guide will get you up to speed as quickly as possible.

In Pictures: User guide to Windows 10

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