Scottish Cisco partner Hutchinson Networks goes into administration
'Rising star in global IT network deployment' hits the wall
A Scottish Cisco partner dubbed a "rising star in global IT network deployment" has gone bust with the loss of 94 jobs.
Edinburgh-based Hutchinson Networks was put into administration yesterday after efforts to invest heavily in future growth backfired.
Founded in 2011, Hutchinson was working towards becoming a Gold partner, according to its website, and also worked with Riverbed, F5 Networks, VMware and Velocloud.
Administrator KPMG confirmed today that 94 of the firm's 109 staff have been made redundant with immediate effect.
Joint administrator Blair Nimmo, from KPMG, said: "Hutchinson Networks was a rising star in global IT network deployment.
"It had invested heavily for future growth and secured attractive contracts for the second half of 2019. Despite the exhaustive actions of the directors to increase sales, reduce costs and attract new investment, the business was unable to continue trading.
"We are exploring a sale of the business and assets and would encourage any interested parties to contact us as soon as possible."
Hutchinson's repertoire spanned cyber-security, networks, digital workspace and hybrid IT.
Talking to CRN, Dan Worman, co-founder of fellow Cisco partner Cinos Communications Services, said the firm is in talks to take on a number of Hutchinson's staff.
"We worked on a number of collaborative projects with Hutchinson over the years. I will be sad to see them go. There is a lot of alignment in the services Hutchinson provided, and the services Cinos provides" he said.
"We are here to assist Hutchinson's customers should they need us, and have made offers of contract for a number of Hutchinson's staff.