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Pan-European integrator
SCC
has acquired certain assets of online reseller IT247.com for an undisclosed sum
after the Stockport-based e-tailer entered administration.
As revealed by CRN last week, a deal between SCC and the owners of
IT247.com, Into Technology, was expected to be completed this month (CRN, 22
October).
Matthew Dunham and Dermot Power of
BDO
Stoy Hayward were appointed as joint administrators of Into Technology,
which traded as IT247, on 22 October.
A representative at BDO Stoy Hayward told CRN that “certain assets of
the company” had indeed been sold.
CRN understands the assets include the employees, the goodwill and name
of the business, the web site and the company’s procurement and distribution
software, Intoscape.
A source close to the company said the e-tailer had gone under owing some
“significant debts”.
Speaking to CRN, Steve Willock, managing director of Into Technology,
said he felt the acquisition of the assets of IT247 by SCC was the best thing
for the employees and all other stakeholders.
“The people left at IT247 have been given a great chance to take the business
forward in the way we had planned with the depth and reach that a large
organisation like SCC can provide,” Willock added.
While SCC was unwilling to reveal its plans for IT247, a representative for SCC
told CRN: “We were not actually looking to make an acquisition, but
when the opportunity arose we saw that it would be a great way to accelerate our
capabilities in the online reseller space.”
Eddie Pacey, director of credit at distributor
Bell
Micro, agreed. “It is a great move for SCC,” he said. “It has picked up
something that is already developed and working and takes it into a new area.”
SCC
set to acquire online reseller IT247
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