Ultimate IT goes into administration

Ultimate IT goes into administration

Administrators have been called in to local systems integration shop, Ultimate IT.

The Sydney-based networking and security integrator, which has been renamed Peripheral Consultants, went into voluntary administration on May 12.

The event occurred on the same day it was listed to appear in court in relation to a wind-up application lodged by the Department of Taxation. The complaint was lodged on February 1.

Chartered accountants, Smith Hancock, have been appointed as administrators. Peripheral will continue to trade during administration.

Company director, Stan Hinton, claimed it chose to enter administration to guard against "an unfriendly creditor".

He said the decision was directly linked to a legal dispute between the two parties, which had been going on for some time.

Peripheral Consultants, which is based in the Sydney suburb of North Ryde, was established in 1989. It is one of many companies under the Ultimate parent umbrella. The company's primary business is supplying and integrating security solutions for the enterprise market. Customers range from legal firms to health, education and government agencies. Vendor partners include Trend Micro, Novell, HP, Citrix, Cisco and RSA Security.

For more on this story, check out next week's edition of ARN.

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