GE to receive ‘sufficient recovery’ from Synergy Plus
The funds are being paid by the debtors of the company and administrators have also had discussions with HP, which is owed about $6 million
The funds are being paid by the debtors of the company and administrators have also had discussions with HP, which is owed about $6 million
A Deed of Company Arrangement (DoCA) has also been put forward for each of the subsidiaries
The security vendor has signed five new resellers
Investigations reveal the company had been in significant financial trouble for sometime and creditor's are owed more than $34 million
Subsidiary, AirData, remains in the hands of administrators with plans to continue to trade the company
Synergy has appointed Hall Chadwick as administrators to the business and its subsidiaries