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Articles about 2e2

Ex-2e2 staffers STILL waiting for wages owed

The frustration for hundreds of 2e2 staffers waiting to discover if they are to be paid wages owed to them continues nearly a year after the Berkshire-based integrator went under in dramatic circumstances. Some 356 claimants of 2e2 UK Ltd, Oakley Capital Ltd, Daisy Data Centre and Telefonica are holding out for the funds, and …
Paul Kunert, 15 Jan 2014

2e2 debt recovery specialist finds... £2,000 in six months

The administrator of 2e2 has recouped just a tiny fraction of the debts owed to the integrator, a Progress Report has revealed. FTI Consulting took control of the company's affairs January '13 in the well-documented collapse. By March last year, it had struggled to recover one-tenth of the £43m on the debt ledger at its …
Paul Kunert, 12 Feb 2014
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2e2 staffers get day in court over unpaid pre-meltdown wages

Hundreds of former 2e2 UK employees will be told just days before Christmas at a Reading tribunal whether wages owed to them will be paid in full or not. There are some 356 claimants of 2e2 UK Ltd, Oakley Capital Ltd, Daisy Data Centre and Telefonica, a clerk at Reading tribunal told The Channel. The hearing date has been set …
Paul Kunert, 24 Sep 2013

Former 2e2 workers WIN case for protective award

An employment tribunal has ruled in favour of former 2e2 workers' claims for protective awards. A year after the saga began, hundreds are to be paid up to eight weeks' wages by the government – the maximum allowed. There weren't many winners in the firm's collapse - save for, perhaps, the administrators - with staff out of a job …
Paul Kunert, 24 Jan 2014

Former staffers of titsup Brit IT giant 2e2 haul administrator to court over pay

A group of former 2e2 staff are set to discover next week at an employment tribunal how successful they've been in efforts to recover monies they claim are owed to them by administrator FTI Consulting. The 200-strong bunch will have their case heard in Reading on 17 September under the representation of Jenny Andrews at Andrews …
Paul Kunert, 11 Sep 2013

Former 2e2 director Marke rocks up at Daisy Group

Acquisitive telco services player Daisy Group has created a chief technology officer role for former 2e2 director Nathan Marke. Marke was CTO at 2e2 for nearly four and a half years from August 2008 until the Berkshire-based integrator bit the dust earlier this year. Prior to that he was sales director at Prime Business …
Paul Kunert, 19 Apr 2013
2e2

Therapy for 2e2 survivors: Online confab on 12 April at 2pm BST

IT contractor 2e2 collapsed under the weight of more than £270m in debt in January. Creditors had grown tired of backing an ambitious 10-year acquisition spree that saw 2e2 pay top dollar and left its management saddled with a debt they couldn't pay. The final blow, while anticipated, was jaw-droppingly swift. One of the …
Gavin Clarke, 10 Apr 2013

Dell tried gobbling doomed Brit IT giant 2e2 for £350m, say insiders

Dell narrowly avoided buying Brit IT giant 2e2 before the integrator went titsup, say sources close to the £350m talks. The negotiations collapsed after 2e2's venture-capital backers Duke Street Capital held out for more. Both sides met across the table a year ago, long before 2e2's UK operations nosedived into administration. A …
Paul Kunert, 16 Apr 2013

World+dog left counting costs: Still can't bury corpse of titsup Brit IT giant 2e2

The administrator of deceased 2e2 appears to have made slow progress in collecting book debts, with tens of millions still outstanding months after the integrator-cum-reseller failed. The latest progress report filed at Companies House today revealed that JP Associates (JPA), previously hired by 2e2 administrator FTI Consulting …
Paul Kunert, 02 Sep 2013

2e2 investors pull in bigshot beancounters to pore over books

2e2's financial backers have brought several seasoned beancounters into the debt-laden business, The Channel can reveal. Sources told us that Lynn Mawdsley has gone in as CFO to replace the previous group FD Simon Burt. She describes herself on LinkedIn as a "turnaround director". It is also believed that Simon Poulton, who is …
Paul Kunert, 10 Jan 2013

Capita slurps crashed 2e2's ex-flack-in-chief to bolster sales

Troubled integrator-cum-reseller Capita IT Services (CITS) has hired fallen channel giant 2e2's former sales and marketing director. Ian Thomas rocks up at CITS today as sales boss in a move that was confirmed to staff by managing director Peter Hands. "Ian has a background in travel, telecoms and IT services and spent 14 years …
Paul Kunert, 08 Apr 2013

2e2 rescue deal: Daisy swoops in, grabs data centre ops

Acquisitive telco player Daisy Group is taking control of defunct 2e2's data centre operations. Under the terms of the deal, Peter Dubens, owner of Oakley Capital and chairman at Daisy Group has created a special purpose vehicle Daisy Data Centre Solutions to buy the business and assets which include server farms in Gateshead …
Paul Kunert, 15 Feb 2013

Logicalis coughs up €24m for 2e2's Euro ops

Logicalis Group has coughed €24m for 2e2's European operations, it confirmed in a stock market statement this morning. The deal includes the IBM system integration biz in Spain - which is still trading under the Morse brand; the NetApp and HP enterprise reselling outfit in Ireland; a managed service operation in the Channel …
Paul Kunert, 04 Mar 2013

Rugby club doomed by 2e2 disaster rescued by Manx reseller

A small reseller on the Isle of Man has not only snapped up collapsed 2e2's operations on the island, but also agreed to sponsor a rugby club previously backed by the crashed integrator. All eyes were on 2e2's staff, customers and creditors when the biz hit the skids six weeks ago, but Douglas Rugby Union Football club - whose …
Paul Kunert, 13 Mar 2013

One year on: What exactly did the 2e2 collapse teach us?

“Sam, I need you in the Heathrow office early tomorrow morning,” read the panicked text from my line manager on a Sunday night. The UK subs of 2e2 Group entered administration a year ago. I had a unique vantage point from where I sat within the crumbling company through the brutal process of administration and seeing the …
Sam Simpson, 20 Feb 2014

O2 gobbles up O2 Unify staff from dying UK IT giant 2e2

Mobile operator O2 has grabbed staff from O2 Unify, a joint-venture it ran with the UK's crashed tech giant 2e2. The team was put together by the pair of companies nearly two years ago. This is the first element of 2e2 that its administrator FTI Consulting has been able to sell. It comes a day after the fallen tech integrator …
Paul Kunert, 07 Feb 2013
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Integrator-reseller 2e2 'broke banking covenant', hits credit buffers

The future of integrator-cum-reseller 2e2 is unclear amid claims from sources close to the firm that it broke a banking covenant in December and is running up to its credit limits in distribution. The Berkshire-based business has been a cause for concern among many wholesalers and vendors due to its massive debt and has reported …
Paul Kunert, 09 Jan 2013
Logicalis

Logicalis CEO reveals blueprint for gobbled 2e2 Euro biz

Logicalis CEO Ian Cook says his biz will use the IT Service Management (ITSM) unit in the Dutch operation acquired from 2e2 as a consulting "centre of excellence" for the entire group. Integrator Logicalis - owned by Datatec - yesterday coughed up €24m for 2e2's businesses in Spain, the Netherlands, Ireland and the Channel …
Paul Kunert, 05 Mar 2013
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Channel biggun 2e2 dragged to county court over £14,000 debt

Reseller-cum-integrator 2e2 has been handed a County Court Judgment (CCJ) over the late settlement of a £14,000 debt. The CCJ lodged at the Northampton County Court's money claims centre must be resolved inside 30 days of 15 September. Failure to do so means the debt is not scratched off the register even after it's been paid …
Paul Kunert, 21 Sep 2012

IT contractors lose thousands as 2e2 collapse hits recruiter

Tech-sector freelancers are thousands of pounds out of pocket after the collapse of IT integrator 2e2 wiped out recruitment agency Populo Resourcing, The Channel can reveal. The contractors, recruited by Populo to work on various IT projects for 2e2, had their work cancelled days after the integrator crashed. Some say they are …
Paul Kunert, 18 Mar 2013
2e2

UK's 2e2 goes titsup

Troubled integrator 2e2 Group has left a potentially devastating trail of debts in its wake after calling in the administrators to its UK ops. The financial backers of the Berkshire-based business hauled in FTI Consulting on Monday afternoon, putting nearly 2,000 jobs at risk of redundancy. "We are working closely with …
Paul Kunert, 29 Jan 2013

Lawyer: 2e2 customers should act quickly as liquidation looms

Any 2e2 customers that clung on in the hope a buyer could be found for fallen channel giant must act now to minimise disruption to service, a law firm has warned. More than a week has passed since 2e2's 10 UK subsidiaries were placed in the hands of FTI Consulting, and the administrator seems to have run out of potential buyers …
Paul Kunert, 06 Feb 2013

Administrator: 2e2 owed £412m to creditors when it went titsup

2e2 Ltd crashed out of business owing creditors a little over £412m, the firm's administrator FTI Consulting has confirmed in its statement of affairs. The document, seen by The Channel, revealed debts secured by floating charges of £161.5m pertaining to the integrator's banking syndicate, and unsecured non-preferential claims …
Paul Kunert, 11 Apr 2013
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Brit SAP house G3 Global slurps 2e2's SAP house

SAP Gold partner G3 Global - based in Surrey - has acquired 2e2-owned Diagonal Consulting in a cash deal, it confirmed this morning. Buyers for Diagonal, which was taken over by Morse in 2004 - itself swallowed by 2e2 in 2010 - were sought after administrator FTI Consulting was called into the UK ops last month. Chris Gunter, …
Paul Kunert, 22 Feb 2013
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NHS IT bods 'walk out' in pay row with crashed UK tech giant 2e2

A number of contractors from collapsed UK tech giant 2e2 refused to turn up for work in NHS IT today after their January pay was withheld, it is claimed. Debt-crippled 2e2 Group went into administration this week and put staff wages under "review", but its new handlers assured health service bosses that hospitals are a top …
Paul Kunert, 31 Jan 2013

Integrator 2e2 axes 319 UK staff, halts pay cheques - insiders

Troubled integrator 2e2 Group has let go 319 UK sales and admin staff and, to add insult to injury, their pay for last month is being withheld, sources claim. After weeks of negotiations by investors and bosses to keep the debt-laden business afloat, the decision was taken yesterday to call in administrators FTI Consulting for …
Paul Kunert, 29 Jan 2013

Daisy Group battles to keep 2e2 managed services user base

Daisy Group has been locked in conversations with 2e2's managed services customers after taking charge of the integrator's data centres, to reassure them there is no need to jump ship. On Friday morning, Peter Dubens, owner of Oakley Capital and chairman of Daisy Group, took over the Reading and Gateshead server farms and handed …
Paul Kunert, 15 Feb 2013

Biz rivals tussle over customers, former staffers of fallen 2e2

Channel rivals of 2e2 are offering staff at the fallen integrator a lifeline and are tapping up customers wondering what the short-term future may hold for their current tech supplier. Type 2e2 into Google's search engine and PSU, Codestone, Gap Consulting, Kelway, m-hance and Amicus ITS are but a few of the names to have run …
Paul Kunert, 04 Feb 2013

2e2 cloud cash fiasco puts NHS IT and biz 'over a barrel'

NHS trusts and other customers of IT giant 2e2 are stuck between a "rock and a hard place" after their worst nightmares of cloud computing came true. Hospital bosses and private businesses relied on the integrator to operate their outsourced cloud systems - but 2e2's administrators demanded extra cash last week to keep those …
Paul Kunert, 08 Feb 2013

Daisy, Computacenter turn down purchase of stricken 2e2

The prospect of 2e2 administrator FTI selling the entire UK operation of the stricken integrator in one swoop was dealt a blow this weekend after several key suitors walked away from a deal. As revealed on Thursday, Computacenter and Daisy Group were seated at the negotiating table but have now decided to end their interest in …
Paul Kunert, 04 Feb 2013

Stricken 2e2 threatens data centres: Your money or your lights

The collapse of UK IT contractor 2e2 descended into farce tonight as its largest data centre customers were told to each pay £40,000 just to keep the lights on. Clients of debt-crippled 2e2 were told to cough up the cash to keep systems running until they transition to another provider, sources close to the situation have told …
Paul Kunert, 07 Feb 2013

Atomic Weapons Establishment ditches 2e2 in funding row

Stricken integrator 2e2's administrator has confirmed in a letter to staff that the Atomic Weapons Establishment, one of its data centre customers, walked after it was asked to pay thousands of pounds to keep the server farm up and running. FTI Consulting, hauled in to take charge of 2e2 late January, told remaining staff at the …
Paul Kunert, 08 Feb 2013
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Stricken giant 2e2 may be sold off in one by Monday - sources

The sale of fallen integrator 2e2 may be finalised as early as Monday with administrator FTI Consulting looking to offload all of the UK biz to just one buyer, say people close to the talks. All of the major household names in the channel are understood to have looked under the hood of the Berkshire-based company since ten UK …
Paul Kunert, 01 Feb 2013

Stricken 2e2 sacks 627, winds down, retains a few data centre caretakers

Stricken UK integrator 2e2 - in administration and unable to find a buyer - effectively started to wind down operations today by confirming 627 people were being let go with just a small group of data centre staffers left to keep things "ticking over". Employees were told at 8.30am to get onto a conference call at scheduled for …
Paul Kunert, 06 Feb 2013
Administration

Vultures circle crash-landed UK giant 2e2 after top brass axed

The vultures are circling fallen channel giant 2e2 with an asset sale expected for the UK biz in light of the hefty redundancies made yesterday. As reported yesterday, debt-saddled 2e2 Group laid off 22 per cent, or 319, of its 1,442 workers in Blighty, and placed ten UK subsidiaries into administration. The Channel can today …
Paul Kunert, 30 Jan 2013

Rug tugged from under 2e2 after it racked up £50m loss - report

Brit IT biz 2e2 went under because its financial reports were flawed, it plunged nearly £50m into the red and its backers refused to throw good money after bad. That's according to a two-inch-thick dossier by the company's administrators FTI Consulting. The report documents the days leading up to the Berkshire-based integrator's …
Paul Kunert, 25 Mar 2013

McAfee enlists 2e2 for BYOD security blitz

2e2, the big UK reseller, won a tasty cloud gig this week, to supply McAfee Enterprise Mobility Manager (EMM) as a hosted service to telcos and managed service providers. 2e2's hosted resellers will in turn offer the McAfee mobile device management software to their own customers, large and small. Sales prospects are telcos …
Drew Cullen, 14 Jun 2012
Zombies, credit: Wikimedia from Night of The Living Dead

2e2 for you: Should zombies be allowed to run NHS IT?

The 2e2 Group finally called in the administrators to its UK ops* late on Monday 28 January, 2013, a month or two after main senior directors were released and replaced on the instructions of owners Hutton Collins. The IT services firm had recently re-stated a year’s accounts, was rumoured to have been in breach of banking …
Eddie Pacey, 05 Feb 2013
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Another 2e2 collapse is possible, but don't let customers fear the cloud

Just about everybody’s moved to the cloud by now, you’ll probably have read. Every marketing blurb, technologist's blog and other accounts are based around the idea that the cloud argument has been held and won. Cloud is a good thing and the corporate world knows it. All of which is something of a worry if you’re a channel …
David Chalmers, 06 Sep 2013
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Berkshire bigboy 2e2 in the pink - apart from crushing debt burden

Integrator 2e2 recorded steep losses in calendar 2011 caused by crippling interest repayments, discontinued operations and restructuring costs, but despite all this, some progress was made in the underlying operations. The privately held Berks-based firm, which pushed out the numbers in a glossy annual report, made a net loss of …
Paul Kunert, 29 Jun 2012

Titsup 2e2's data centre dustup gave UK users the CLOUD FEAR

When 2e2 Group suddenly collapsed earlier this year, owing over £400m to trade creditors and stranding a rake of customers from NHS trusts to the Bank of England, a gigantic question mark instantly formed over the cloud. Many customers already had concerns about keeping control of their assets in the cloud. 2e2's rapid collapse …
Steve Bell, 26 Apr 2013
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Cable & Wireless in talks to acquire 2e2

Cable & Wireless Worldwide has opened acquisition talks with systems integrator 2e2, according to industry insiders. Sources reckon that long term 2e2 backer Duke Street Capital (DSC), which acquired 2e2 from venture capitalist Gresham in September 2006 for £130m, is edging toward its five-year exit plan. A second private …
Paul Kunert, 14 Jun 2011
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O2 becomes a reseller with 2e2 deal

Mobile network O2 is teaming up with 2e2 to provide a full fleet of tech services to businesses. O2 Unify will launch on 2 April. The mobile provider says that convergence is pushing customers to seek a single provider for technology and communication needs. 2e2 has been busy buying up UK channel companies, including Morse, in …
John Oates, 13 Jan 2011

Don't get 2e2'd: How to survive when your IT supplier goes titsup

I used to know a finance director who had a favourite mantra: “Minimise fixed costs.” The concept's a simple one: by all means use permanent staff to deal with the aspects of your business that don't change much, but where your revenue streams go up and down, think of ways of allowing the cost of servicing those revenue streams …
Dave Cartwright, 11 Feb 2013

Daisy back door sniffers bag extension to come up with the cash

It may be third time lucky for Daisy Group CEO Matthew Riley and his fellow consortium bidders, who were today granted yet another extension to show their money to the LSE-listed firm’s shareholders. Riley, along with Toscafund and Penta Capital, made advances to acquisitive B2B comms and tech supplier Daisy in August, but have …
Paul Kunert, 06 Oct 2014
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Bell Microsystems circles cawing above corpse of Glasshouse UK

South coast-based tech supplier Bell Microsystems is trying to pick up customers and staff at bust storage integrator Glasshouse Technologies. As we revealed a couple of days ago, hard pressed Glasshouse called in KPMG Restructuring after cash flow dried up, with the administrator looking to offload the business to a third party …
Paul Kunert, 04 Apr 2014
2e2 logo

2e2 rolls up Netstore for UK channel glory

2e2, the private-equity backed reseller group, is buying Netstore for £57m in cash. The deal appears to be more about scale than heavy cost-cutting - 2e2 says customer overlap with AIM-quoted Netstore is limited. To 2e2, bigger means better customer retention, and easier-to-find and keep good staff. And of course, it brings …
Team Register, 12 Aug 2008

Credit insurer sets up 'task force' in wake of enormo UK IT biz failures

Trade credit insurer Atradius is setting up a specialist task force to analyse UK channel companies that have a high debt-to-assets ratio or have VC backing in the wake of recent high-profile and costly failures. As world + dog knows, High Street giant Comet hit the wall in December owing creditors £257m, costing the UK …
Paul Kunert, 15 Apr 2013

Management buyout at Hamilton Rentals AGAIN

Hamilton Rentals is again a privately owned channel biz after the management team led a buy-out from previous proprietor Xchange Technology Group. The leasing outfit was consumed by Compel in 1996, which was itself flogged to 2e2 in 2007, before Hamilton top brass performed an MBO in 2008 and sold up to XTG in 2011. So far so …
Paul Kunert, 13 Aug 2013

Logicalis swallows Jersey-based iConsult

Logicalis Group has devoured Jersey-based hosted-services minnow iConsult for an undisclosed sum. The integrator, part of Datatec Group, took over the Channel Islands business of fallen 2e2 earlier this year, which operates from Guernsey. Now this latest buy gives it a base in Jersey. Jens Montanana, chief exec at Datatec, said …
Paul Kunert, 14 Oct 2013

Opinion

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
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Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Chris Mellor

Why overlapping kit from a merger equals a disaster in waiting

Features

No, silly... he was the fall guy for years of Finnish folly
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Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that