Insolvency Guardian New Zealand – US firm buys Mako Networks out of liquidation

Mako Network’s chief executive Bill Farmer (left) and co-founders Chris Massam and Simon Gamble in happier days, outside the firm’s Auckland headquarters.

Mako Networks, a New Zealand network security provider which was making inroads in the United States before its liquidation, has been bought by US telco firm D&S Communications.

The firm was bought for $3 million. Mako was put into liquidation by its directors in August, owing just over $25m to creditors, and placed into receivership a day later by its major creditor, Spark.

D&S, Mako’s main North American distribution partner, said it would continue to base research and development in New Zealand and would retain several senior managers, including company founder…

Read the full article at: http://www.stuff.co.nz/technology/72781851/us-firm-buys-mako-networks-out-of-liquidation.html

Liquidation

Mako Network’s chief executive Bill Farmer (left) and co-founders Chris Massam and Simon Gamble in happier days, outside the firm’s Auckland headquarters.

Mako Networks, a New Zealand network security provider which was making inroads in the United States before its liquidation, has been bought by US telco firm D&S Communications.

The firm was bought for $3 million. Mako was put into liquidation by its directors in August, owing just over $25m to creditors, and placed into receivership a day later by its major creditor, Spark.

D&S, Mako’s main North American distribution partner, said it would continue to base research and development in New Zealand and would retain several senior managers, including company founder…

Read the full article at: http://www.stuff.co.nz/technology/72781851/US-firm-buys-Mako-Networks-out-of-liquidation

Liquidation

Mako Network’s chief executive Bill Farmer (left) and co-founders Chris Massam and Simon Gamble in happier days, outside the firm’s Auckland headquarters.

Mako Networks, a New Zealand network security provider which was making inroads in the United States before its liquidation, has been bought by US telco firm D&S Communications.

The firm was bought for $3 million. Mako was put into liquidation by its directors in August, owing just over $25m to creditors, and placed into receivership a day later by its major creditor, Spark.

D&S, Mako’s main North American distribution partner, said it would continue to base research and development in New Zealand and would retain several senior managers, including company founder…

Read the full article at: http://www.stuff.co.nz/technology/72781851/us-firm-buys-mako-networks-out-of-liquidation

Liquidation

Mako Network’s chief executive Bill Farmer (left) and co-founders Chris Massam and Simon Gamble in happier days, outside the firm’s Auckland headquarters.

Mako Networks, a New Zealand network security provider which was making inroads in the United States before its liquidation, has been bought by US telco firm D&S Communications.

The firm was bought for $3 million. Mako was put into liquidation by its directors in August, owing just over $25m to creditors, and placed into receivership a day later by its major creditor, Spark.

D&S, Mako’s main North American distribution partner, said it would continue to base research and development in New Zealand and would retain several senior managers, including company founder…

Read the full article at: http://www.stuff.co.nz/business/72781851/us-firm-buys-mako-networks-out-of-liquidation

US firm buys Mako Networks out of liquidation – Stuff.co.nz