Credit and Finance
Shearwater reveals pandemic providing 'opportunities for expansion' in trading update
Fellow AIM-listed firm Adept optimistic about COVID-19 challenges in own update but declined to make a forecast for its crrent year
Credit insurers urged not to cut cover in 'critical' IT channel
Following generic warnings of cover reductions from Atradius and QBE, one distributor claims cutting the limits into e-tailers and other tech suppliers would be 'misguided and irresponsible'
Are you furloughing staff? You're not alone….
44 per cent of business planning to furlough at least half of their workforce, British Chamber of Commerce poll finds
Beta administrators downbeat on prospect of creditor returns
One director of failed distie agreed to discharge his debts of over £400,000
How to avoid getting tangled in VAT fraud
Credit guru Eddie Pacey explains how businesses can scrutinise their supply chains to make sure they don't become a scapegoat in a VAT fraud
£20m VAR seeks buyer after entering administration
Administrators say the business 'suffered from severe cashflow issues'
Corporate insolvency levels hit five-year high
Insolvencies in second quarter driven by rise in creditors' voluntary liquidations
Ray of cautionary hope for some of Beta's creditors
Latest administrator's report indicates that it is 'possible' that the distie's secured and preferential creditors could get some money back
Scottish Cisco partner Hutchinson Networks goes into administration
'Rising star in global IT network deployment' hits the wall
AI vendor hints at IPO after recent $7bn valuation
UiPath raises $568m in its recent Series D funding round
Eddie Pacey's credit casebook: Getting paid
Credit guru Eddie Pacey emphasises that good credit control is vital as he reminisces on a case involving an Essex-based reseller
Flurry of funding for cloud data warehouse vendor Snowflake
Snowflake raises $450m to boost engineering and sales capabilities
Is this the fastest-growing enterprise software company ever?
Robotics company UiPath claims it is now valued at $3bn after $225m funding round
Meet the hot new cloud storage vendor taking on AWS
Wasabi Technologies to go international in the cloud storage market after raising $68m in latest funding round
Birmingham-based comms provider raises £75m war chest for expansion
Wavenet's new 'firepower' will lead to new acquisitions soon
Cloud storage player Cloudian raises $94m in funding
Vendor will use funding to expand global sales, marketing, and its engineering team
Slack hits $7bn valuation with $427m funding round
The workplace communications app attracted nearly half a billion dollars in latest funding round
OCSL sells up to German reseller Cancom
£85m-revenue VAR will act as UK hub for Cancom as it ramps up international expansion plans
Analyst hints at printer revival in Europe
Context reports sales of hardware devices have flattened during most recent quarter
Revenues down but profits up at Redcentric
MSP admits it 'did not sell enough', as annual revenues fall to £100m
Troubled Maplin shuts up shop for good
Administrators for the failing electronics retailer had been hoping to find a buyer
Eddie Pacey's credit casebook: Playing the long game
Veteran credit management expert Eddie Pacey recalls a case from the 1990s when he helped out a stricken system builder
Leeds reseller LDD Group enters administration
Buyer being sought to secure £8m-revenue IT, comms and managed print supplier's long-term future
Further Maplin redundancies as search for buyer continues
Another 66 roles go as struggles continue for the electricals retailer after it went bust last month
