Wed, 25 Sep 2013 | ADMINISTRATION
Picsel International Ltd and SmartOffice Technologies are being offered for sale by French Duncan.
Malta-based Picsel International Ltd, which creates and owns the products and intellectual property relating to SmartOffice, entered liquidation with Brian Milne and Linda Barr of French Duncan appointed as the liquidators.
Picsel’s subsidiary SmartOffice Technologies, which develops document viewing and editing solutions for mobile devices from its base in Paisley, Scotland, has been placed in administration with the redundancy of 14 of its 31 staff. It also has six sales and support staff based in Asia.
The businesses are being marketed together as a package sale, and became insolvent, French Duncan said, because of “cashflow difficulties, ultimately resulting in creditor pressure which was undermining its ability to perform.”
Mr Milne said: “Given the popularity of the SmartOffice brand, particularly throughout Asia, and a customer base including such household names as Samsung, LG and Symantec, we anticipate this opportunity to secure a leading provider of secure office solutions to generate interest internationally.”
SmartOffice Technologies provides a wide range of OS and linked cloud services that can be used on smartphones, tablets and for various other screen sizes. It is partnered with several other big technology names including Canon, Samsung, WatchDox, InFocus, Garmin and Airwatch.
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Related information:
Contact the seller here
Risc IT Solutions in MBO
This is a unique opportunity to acquire two well-established B2B companies operating across multiple sectors throughout the UK, boasting strong client relationships and secure contracted revenues poised for further expansion.
LEASEHOLD
This is a unique opportunity to acquire a prominent company in a specialist sector with a high barrier to entry, offering integration potential and a cash-generative model with repeat revenue.
This business presents an enticing opportunity with established relationships with blue-chip organisations globally, a strong client retention rate, and the potential for relocation.
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