Overseas investor says Wynyard’s failure largely down to ‘financial crisis’ in NZ

The new foreign owner of Wynyard’s crime-fighting software has said the Auckland-based technology company went broke because of a “financial crisis” in New Zealand. 

Security software firm Wynyard Group is now in the final stages of being liquidated after its remaining crime-fighting software was purchased by Luxembourg-based technology fund Boundary Holding.

It has bought Wynyard’s brand and remaining software and intellectual property for an undisclosed sum. 

Wynyard went broke in October and the other major part of the company, which developed and sold business-risk management software, was sold in two parts to Australia’s Telstra and Toronto-based company Resolver. 

from Ellie NZ Rss http://www.stuff.co.nz/business/91177184/Overseas-investor-says-Wynyards-failure-largely-down-to-financial-crisis-in-NZ

from
https://ellieplume83.wordpress.com/2017/04/04/overseas-investor-says-wynyards-failure-largely-down-to-financial-crisis-in-nz/