Hills appoints administrators
Publicly listed Hills and its related entities have appointed Sule Arnautovic and John Vouris of Hall Chadwick as joint administrators on 2 June.
Publicly listed Hills and its related entities have appointed Sule Arnautovic and John Vouris of Hall Chadwick as joint administrators on 2 June.
Dicker Data has unveiled plans to acquire the Security and Information Technology (SIT) distribution division of Hills in Australia, striking a A$20 million deal to on-board new employees, vendors and partners within an expanding market segment.
Australia-headquartered distributor Hills is to cease operations of its New Zealand security distribution business due to unprofitability.
Hills is undertaking a further review of its loss-making New Zealand security distribution operations, commencing a workplace change process with employees to consider options for the business.
Hills hopes to get its technology distribution business back on track under the leadership of its new CEO, David Clarke, former CEO of publicly listed health software provider Corum Group.
Publicly listed distributor Hills has appointed James Layton as acting head of distribution in Australia.
Hills has inked an Australian distribution agreement with video management software (VMS) vendor Milestone Systems.
Hills Limited has flagged substantial revenue and earnings declines for its technology distribution business segment in the six months ending 31 December 2020.
Genetec has made the move to work directly with its systems integrators and channel partners in Australia and New Zealand as part of its new go-to-market strategy in the local market.
The pandemic-prompted reorganisation of Hills’ distribution business in June saw roughly 39 people leave the company, according to CEO and managing director David Lenz.
Hills has joined a growing legion of companies asking staff to take pay cuts during the ongoing coronavirus pandemic, with the company’s ranks agreeing to cuts between 10 and 35 per cent.
Hills Limited has announced expenditure cuts and refocus on cash flow as the COVID-19 coronavirus pandemic hits its business.
Tech distributor Hills has experienced solid profit growth of more than 200 per cent from $242,000 to $2.6 million for the first half of the financial year 2020, ending December 31.
Hills Limited has officially sold its antenna division to Australian manufacturer Bitek in an effort to mitigate its challenged finances.
Hills Limited spent $14.7 million on a restructure of its distribution business following a turbulent year that ended with an $8.8 million loss.