Wardy IT undergoes corporate restructure

Wardy IT undergoes corporate restructure

Calls in McLeod and Partners to help restructure business

Wardy Group's Peter Ward.

Wardy Group's Peter Ward.

Brisbane-based Wardy IT Solutions, is undergoing a corporate restructure to help the business expand into overseas markets and develop new IP.

As a result of this, the company has appointed administrators, McLeod and Partners, to a related entity, XCGV Services, trading as Wardy IT Services.

Wardy Group managing director, Peter Ward, explained it was working with advisors through the planned corporate restructure process, and Wardy IT Solutions is continuing to operate without any impact to the business, which provides SQL server services, training and business intelligence solutions.

“We decided the related entity no longer meets our requirements for our company’s move internationally,” Ward said. “There’s no creditors or anything like that, it’s a planned corporate restructure. We have acquired a number of businesses in the last 12 months, and to help continue with our growth, we need to make sure we’ve got the appropriate structure moving forward.”

No staff have been impacted by this decision and Ward said it was looking to fill a number of roles such as data analytics specialists and database consultants in Australia and US. The company currently employs about 60 staff.

“We just launched an operation in Irving, Dallas US. We’re taking our managed services there and we’ve been successfully running that through a reseller channel. We’re also building a reseller channel in South East Asia,” he said.

“Our Virtual DBA is continuing to be awarded the best managed service in the SQL space. We’re continuing to build that and we’re also continuing to bring some IP into the Azure market place that will complement that service offering.”

Wardy IT is a Microsoft Partner with the Silver Learning competency that provides Microsoft Official Curriculum (MOC) Training, which Ward said was a separate organisation that it spun out and that business acquired a company called Cloud Classroom. In the past 12 months, it also acquired another business called Mr CRM and Ward said it aligned closely with the company’s ability to provide data insights for organisations.

“The rest of the Wardy Group is operating successfully and we’re continuing to grow,” he said.

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